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During a working session with a delegation from the U.S. - ASEAN Business Council (USABC) in Hanoi on March 23, Anh expressed his delight at the strong and substantial development of cooperation between Vietnamese and U.S. firms. He highly valued the U.S. businesses’ positive contributions to the transformation and growth of Vietnam's economy, and expressed the readiness to engage in dialogues with U.S. enterprises to address obstacles in bilateral economic, trade and investment cooperation. Hailing the U.S. firms for expanding operations, research and development and innovation, he suggested the USABC further enhance its role as a bridge promoting Vietnam - U.S. comprehensive partnership effectively and substantially that are aligned with needs and interests of both sides; step up collaboration in diversifying and ensuring supply chains, and further expand business operations. The USABC delegation vowed to continue partnering closely with Vietnam and nourish Vietnam - U.S. … [Read more...] about Vietnam, U.S. nourish economic, trade, investment ties

Vinhomes Ocean Park 2 in Hung Yen province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total 7.2 trillion VND on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. (Photo courtesy of Vinhomes) Hanoi (VNS/VNA) - The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Hanoi Stock Exchange showed as of March 24, eight companies issued bonds worth more than 23.8 trillion VND (over 1 billion USD), of which real estate firms dominated the market with total issued value of 19 trillion VND, accounting for 80% of total value. This number was a significant increase compared to the value of 500 billion VND in February and 110 billion VND in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity

Vietnamese Ambassador to Thailand Phan Chi Thanh (L) and Thai Deputy Minister of Labour Surachai Chaitrakulthong (Photo: VNA) Bangkok (VNA) - Vietnamese Ambassador to Thailand Phan Chi Thanh had a working session with Thai Deputy Minister of Labour Surachai Chaitrakulthong on March 24 to discuss measures to further step up labour cooperation between the two countries. The Vietnamese diplomat briefed on economic cooperation between Vietnam and Thailand, saying that Thai businesses highly value business opportunities in Vietnam and want to expand their investment in the country. Many Thai corporations have invested in Vietnam with large-scale projects, using many Vietnamese workers, he said, adding that the Vietnamese Government always creates favourable conditions for Thai labourers to work in the country. He thanked the Thai Government for supporting legal workers from Vietnamm in the past time, and suggested the Thai side consider adding more industries for … [Read more...] about Vietnam, Thailand eye stronger labour cooperation

Phathi is a cluster of villages that has received significant investment from the Government of Vietnam since 2009 to build essential infrastructure projects such as roads, clean water systems, schools, clinics, cultural centers, and agricultural extension programs. However, due to the lack of funds for maintenance and repairs, a number of construction items have deteriorated over time. To address this, the Vietnamese and Lao Ministries of National Defense recently received approval from the Prime Ministers of the two countries to support the maintenance, repairs, and upgrade of essential infrastructure works, particularly the clean water supply systems and school sites. During the visit, Senior Lieutenant General Hoang Xuan Chien presented 40 gifts, each worth VND 2 million, to needy students and policy beneficiaries in the locality. He also visited the 705 International Cooperation Co. Ltd. of Military Region 2, a Vietnamese company operating in the area, and praised their great … [Read more...] about Deputy defense minister presents gifts to Lao people

According to Professor Pietro Masina , University of Naples “L’Orientale” and Editor-in-Chief of the European Journal of East Asian Studies, the establishment of diplomatic relations between Italy and Vietnam provides a destination, not just a starting point, for the relationship. Since the two countries upgraded the relationship to a strategic partnership in 2013, cooperation has grown in all aspects. In particular, exchanges between friendship associations and sub-associations of the two countries are bricks providing a solid foundation. Two-way trade turnover reached only 1.4 billion USD in 2013 and then 6.2 billion USD in 2022. Vietnam is currently Italy’s largest trading partner in ASEAN, while Italy is Vietnam’s fourth-largest EU partner. In addition to outstanding economic and political achievements, cooperation in the fields of culture, education, science and technology, tourism, and people-to-people exchanges continue to develop, contributing to boosting … [Read more...] about Solid foundation for Vietnam-Italy relations

The country should have a high level of urbanization comparable to ASEAN and Asia by 2045. Vietnam aims to have at least five cities of international caliber to serve as locomotives for regional and international development networks by 2045, according to an action plan released by the Ministry of Construction (MoC) recently. Under the action plan, the ministry will execute two resolutions, one by Politburo and the other by the Government, on the sustainable development, management, and construction of urban areas in Vietnam by 2030 with a vision for 2045. Hanoi from above. Photo: Huu Thang The country plans to build a high level of urbanization comparable to ASEAN and Asia by 2045. The urban system would be integrated, balanced, and sensitive to climate change, natural disasters, and epidemics, while promoting environmental protection and distinctively modern architecture with green and smart elements, according to the action plan. Other key targets … [Read more...] about Vietnam aims for five international-standard cities by 2045

The unnamed porridge shop in Tan Phu District sells porridge cooked in the style of the Teochew people, who originated in southeast China, which is served with shrimp, fish, pork intestines, and trung bien -mangrove sea worms. Tang Khanh Toan, the shop owner, said that the business started in 1983, and was passed down by his father. The eatery first started selling porridge on Au Co Street, which is one kilometer away from the current location at 104/22B Trinh Dinh Trong Street, Phu Trung Ward. The current location has also been the family's home since the 1990s. The porridge is quite popular among the Chinese community in Saigon. Mangrove worms are used in traditional Chinese medicine to raise testosterone levels and enhance health. According to the owner of the restaurant, many people confuse trung bien with sa sung , or peanut worms, because of the similar shape. Mangrove worms are cleaned inside out thoroughly and used within the day. Photo by VnExpress/Quynh … [Read more...] about Mangrove worm a staple in Saigon’s beloved porridge

The three projects are located at prime locations on Hung Vuong Street in Hai Chau District, about 400 meters from the Han River. They are the Da Nang Center project (No. 1), Diamond Square project (No. 2), and the Golden Square commercial complex, office, hotel, and luxury apartment project (No. 3). The Da Nang Center project, invested in by Vu Chau Long Real Estate, covers an area of ​​​​more than 7,800 square meters and has a total capital of nearly VND500 billion ($21.25 million). When construction started in March 2008, the project was advertised as high-rise apartment buildings, a high-class standard commercial center, and a five-star hotel and conference center. However, no development has been going on and rainwater has turned the project area into a pond. With its northern façade bordering a residential area, part of the project has now been turned into a landfill as locals arbitrarily throw trash … [Read more...] about Abandoned projects result in prime land waste in Da Nang

Secretary of the Hanoi Party’s Committee Dinh Tien Dung on March 24 asked for continued support from the UNESCO World Heritage Centre (WHC) for a project to restore Kinh Thien Palace in the Thang Long Imperial Citadel in Hanoi, which was recognised as a UNESCO World Heritage Site in 2010. Kinh Thien Palace is the most important building of the Thang Long Imperial Citadel (Photo: VNA) He made the suggestion at a reception for the WHC’s director, Lazzarre Eloundou, who is on a visit to Vietnam to attend a conference entitled “Promoting the role of world cultural and natural heritage in sustainable development in Vietnam.” Dung said as a "Heritage City" with an extremely rich and diverse cultural heritage fund, Hanoi has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development . He affirmed that the cooperation between Hanoi and UNESCO has contributed to … [Read more...] about Hanoi seeks support from World Heritage Centre in restoration of Kinh Thien Palace

Chief Representative of JICA Vietnam Office Shimizu Akira (Photo: VNA) Hanoi, (VNA) – Japan’s Official Development Assistance (ODA) has greatly contributed to Vietnam’s cause of socio-economic development, poverty reduction and infrastructure building over the past 30 years, said Standing Deputy Foreign Minister Nguyen Minh Vu. Vu made the remark during a reception on March 24 for Chief Representative of the Japan International Cooperation Agency (JICA) Vietnam Office Shimizu Akira, who came to bid farewell at the end of his tenure in Vietnam and introduce his successor Sugano Yuichi. The Deputy FM thanked the JICA Vietnam Office and Shimizu himself for their role in coordinating projects funded by ODA of the Japanese Government in Vietnam, as well as their cooperation with Vietnamese agencies in pushing ahead important joint projects of the two countries. He pledged that the Vietnamese Foreign Ministry is always ready to work with the Japanese side for the smooth … [Read more...] about Japanese ODA contributes greatly to Vietnam’s development: Deputy Foreign Minister