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An oil rig of Petrovietnam (Photo: VietnamPlus) Hanoi (VNA) – Forty-eight years since its establishment, the Vietnam Oil and Gas Group (Petrovietnam) has become a multi-billion-dollar enterprise and made breakthrough and comprehensive development strides. Petrovietnam was set up on September 3, 1975 with the goal of helping guarantee national energy security and serving as a pillar of economic support for national development. Shortly after the date of national reunification (April 30, 1975), on September 3 the same year, the Vietnam General Department of Oil and Gas, the predecessor of Petrovietnam , was established under the Council of Government in efforts to realise late President Ho Chi Minh’s aspiration to develop an oil and gas industry of the country. Nearly half a century has passed, Petrovietnam has managed to master the most cutting-edge technologies and build a complete oil and gas industry. From 1986 to 2022, it posted more than 400 billion USD in total … [Read more...] about Petrovietnam in step with 48 years of national development

Attending the event were Director of the Vietnam Department of Peacekeeping Operations (VNDPKO) Senior Colonel Pham Manh Thang, Director of Military Hospital 175 Major General Tran Quoc Viet, former VNDPKO Director Major General Hoang Kim Phung, former Military Hospital 175 Director Major General Nguyen Hong Son, members of L2FH Rotations 1 and 3 who excellently completed their peacekeeping duties. On October 1, 2018, the 63-strong L2FH Rotation 1 departed for South Sudan, officially marking the first footsteps of the Vietnamese peacekeeping military medical force in the long noble international mission implementation journey. The L2FH Rotation 1 was also the first unit of Vietnam taking on the U.N. peacekeeping duties. Therefore, October 1, 2018 went into the history of Vietnam as an important landmark in Vietnam’s journey of participating in U.N. peacekeeping operations. Reviewing that important landmark, Maj. Gen. Tran Quoc Viet was touched and expressed his honor to observe … [Read more...] about Military Hospital 175 celebrates first send-off ceremony for L2FH

Kurash athlete Vo Thi Phuong Quynh wins the 13th bronze medal for Vietnam at ASIAD 19. (Photo: VNA) Hangzhou (VNA) – Kurash athlete Vo Thi Phuong Quynh won the 13th bronze medal for Vietnam at the ongoing 19th Asian Games ( ASIAD 19 ) held in Hangzhou, China on October 2. In the semi-finals of the women’s 87kg category, Quynh lost to Iran's 2022 world champion Zahra Bagheri with a score of 0-3. However, because Kurash does not have a third-place play-off, the Vietnamese athlete was awarded a bronze medal, together with Iranian Melika Vandchaly, who lost in the second semi-final match against host athlete Liu Yi. In the final round, the Chinese athlete defeated her Iranian rival 3-0 to win the gold. Winning the bronze medal is an impressive achievement for Quynh, as she is originally a judo artist and has only been practicing Kurash for four months, since June this year. With this result, the 25-year-old girl also helped the Kurash team complete its goal of winning … [Read more...] about ASIAD 19: Kurash athlete brings home one bronze

The Vietnamese women volleyball team beat the Republic of Korea 3-2 in the group stage on October 1, advancing to the second round (Photo: VNA) Hanoi (VNA) – The Vietnamese delegation bagged one silver medal in the eighth competition day of the 19th Asian Games (ASIAD-19), raising the total medal number to 15. The silver medal was in Chinese chess in the mixed team category. Meanwhile, the Vietnamese women volleyball team had a successful competition day, beating the Republic of Korea 3-2 in the group stage, advancing to the second round. In the qualifying round of the women's kayak single 500m event, Ngo Phuong Thao finished in 5th place with a record of 2 minutes 25 seconds 717, entering the semi-final round. In the qualifying round of the 200m women's single canoeing event, Nguyen Thi Huong finished in second place after 53.437 seconds, progressing to the final round. On October 1, the Vietnamese Sepak Takraw women’s team of four had a victory against … [Read more...] about ASIAD-19: Vietnam bags one more silver medal

Under the golden sunshine and fresh breeze, the Hanoi Autumn Festival was successfully held over the weekend, attracting large crowds of visitors. With the theme "Hanoi Autumn: Come to Love," the Hanoi Autumn Festival 2023 was successful as its diverse program of activities attracted about 80,000 visitors, according to the head of the Tourism Promotion Department. On October 1, the Hanoi Autumn Carnival, part of the Hanoi Autumn Festival, was held in a lively and colorful way in the pedestrian area of Hoan Kiem Lake. A booth selling banh cuon (steamed rice crepe) at the Hanoi Autumn Festival. Photo: Moc Mien/The Hanoi Times Held under the theme "Bright Colors of Autumn," the festival featured performances by art groups and the presence of women dressed in ao dai (traditional long robes), which added a charming touch to the event. Nguyen Thi Chanh, head of the Muong Gong Club in Phu Man commune, was happy that her ancient gong … [Read more...] about Hanoi Autumn Festival is a success: 80,000 people attend

In his speech, the Party chief stressed that this time’s session, lasting until October 8, will consider and make decisions about many big, complex, and sensitive issues highly important to the fulfillment of the 13th Party Central Committee’s political tasks from now until the end of the tenure. Socio-economic and state budget issues for the 2023-2024 period will be discussed amid the continuation of fast, complicated, unpredictable and unprecedented developments in the world, along with the appearance of more difficulties and challenges, which have negatively and seriously affected the performance of socio-economic tasks and targets. He asked the Party Central Committee to thoroughly scrutinize the reports and proposals by the Party’s civil affairs board of the Government; analyze outstanding points of 2023; clarify the obtained results as well as shortcomings, weaknesses and challenges; point out objective and subjective causes and lessons; and make objective and comprehensive … [Read more...] about Major issues to be debated at eighth session of Party Central Committee

Do Thanh Trung, Deputy Minister of Planning and Investment Although SOEs account for a small proportion of the economy, they hold significant resources for the nation’s socioeconomic development, playing a core and vital role in building and safeguarding our homeland in a new context. The significant growth of SOEs contributes to socioeconomic development and serves as an effective tool for macroeconomic regulation, price stabilisation, social security, national security, and sovereignty, especially in border and island areas. SOEs are vital in building and developing essential economic infrastructure and leading industries to drive economic growth, especially in a context where the private sector has not yet fully grown and lacks the capability to perform better. Despite the positive results achieved, the activities of SOEs, especially investment activities, still have some existing limitations. Firstly, SOEs are slow to adapt to the new era, and their roles in … [Read more...] about Defining SOE priorities vital

The Ho Chi Minh City transport authority will inspect the compliance of Thanh Buoi Bus Company with regulations on providing transport services using passenger buses on Thursday this week, just a few days after a fatal crash between a Thanh Buoi sleeper bus and a 16-seater car killed five people and injured four. Aside from Thanh Buoi, two other passenger transport businesses, namely Thien Y and Hoa Hao, will undergo the inspection, the municipal Department of Transport said on Monday. The department earlier formed an inspection team on September 12 to check the three businesses’ compliance with the said regulations, as they were found to have flouted the law multiple times. The inspection, initially slated to take place from October 15 to November 15, was rescheduled to Thursday this week as required by the prime minister following the deadly crash involving a Thanh Buoi sleeper bus. The fatal collision occurred on the National Highway 20 section passing through Dong Nai … [Read more...] about Vietnamese long-haul bus company to face inspection following deadly crash

Accelerated government spending is expected to boost demand in the remaining months of the year. ADB’s Principal Country Economist Nguyen Ba Hung shared his thoughts on Vietnam’s economic performance and its prospects for 2023 with The Hanoi Times. ADB’s Principal Country Economist Nguyen Ba Hung. What is the primary obstacle confronting Vietnam's economy for the remainder of the year? In the first half of 2023, Vietnam experienced a slowdown in GDP growth, with growth projected at only 3.7% compared to the positive momentum seen last year, when GDP grew 6.5% in the first half and 9.5% in the second half, resulting in an annual growth rate of 8% for the whole of 2022. One factor contributing to GDP growth in recent years has been public investment's sustained and steady growth. However, significant internal challenges have emerged during the Covid-19 pandemic. Vietnam's economy heavily relies on exports and foreign direct investment (FDI) … [Read more...] about Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB

With the presence of leading renewable energy developers in Vietnam, Denmark has contributed international resources to the country’s net-zero journey. Denmark in Your Eyes – an annual painting competition launched in Vietnam in 2016 – is an activity demonstrating Vietnam-Denmark cooperation in green growth in recent years. Ambassador of Denmark to Vietnam Nicolai Prytz speaks at the launch of Denmark in Your Eyes competition 2023. Photo: Danish Embassy in Hanoi The competition has “added a lot of value to strengthening our two countries’ long-term cooperation on promoting green and sustainable development,” said Ambassador of Denmark to Vietnam Nicolai Prytz. With more than 18,000 paintings submitted in the last competition, it shows the great popularity of the event among schoolchildren all over Vietnam. For that reason, “it is an amazing playground for Vietnamese children, not only to express wishes about their future but more importantly to come up … [Read more...] about Green Future promotes Vietnam-Denmark cooperation for sustainable growth