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Tan Phu Plastic Company produces safe products to serve the local market. The "Zero Covid" policy of China means many Vietnamese producers lack input materials. (Photo courtesy of the firm) The worst sufferers were the electronics, wood, textiles, and footwear industries. According to the Ministry of Industry and Trade (MoIT), China was an important market for the export and import activities of Vietnam as it provides the majority of input materials for Vietnam's production, especially electronic components, machinery parts, fabrics and chemicals. MoIT said from 50 to 55 percent of raw materials and accessories for the textile, garment, and footwear industries originated from China. The country was currently implementing the "Zero Covid" strategy, which forced many factories there temporarily stop production to fight the pandemic. The import-export activities in the neighboring country were affected a lot by the shortage of containers at ports. Phan Thi Thanh Xuan, Vice … [Read more...] about Local enterprises lack materials due to China’s ‘Zero Covid’ policy

At a food fair in Vientiane, Laos (Photo: Xinhua/VNA) Vientiane (VNA) – The Lao Government is considering imposing limits on a number of imported goods in an attempt to minimize or cut the use of foreign currency on non-essential items amid dwindling foreign currency reserves, Lao Prime Minister Phankham Viphavanh said. Responding to National Assembly deputies’ questions at the third session of the 9th legislature, the PM said vehicles, alcoholic beverages and other imported luxury items are among goods to be considered for the import curb. Laos is suffering from a shortage of foreign currency, so the government is struggling to purchase and import sufficient essential items, notably fuel. Meanwhile, the Vientiane Times reported that the Lao Government is considering engaging an international consulting firm to determine the value of state assets, particularly those pertaining to natural resources. According to the newspaper, the idea was put forward at the National … [Read more...] about Laos considers curbing imports to save foreign currency

Australian Foreign Minister Penny Wong enjoys Hanoi's specialty of Pho ga or chicken noodles as she arrived in the city on her first visit to Vietnam. “The Ambassador was delighted to share her favorite Pho ga with Senator the Hon Penny Wong, Foreign Minister, and Chef Sam Tran on the first days in the city. Foreign Minister Wong (black shirt) enjoys P ho ga with Ambassador Robyn Mudie (blue shirt) in Hanoi’s old quarter area. Photo: Australian Embassy in Hanoi. In a Facebook post on June 27, the Embassy of Australia in Hanoi shared that Minister Wong was introduced by Chef Tran to the history and importance of Pho , and especially the Hanoian style of eating Pho . The photo shows the top diplomat in casual wear, enjoying Pho ga with Ambassador Mudie and sharing "views on Australia and Vietnam’s strong people-to-people links.” As a Vietnamese exquisite cuisine, the s imple yet exotic delicacy of Pho has won the heart of many foreign visitors … [Read more...] about Australian Foreign Minister enjoys Pho ga in Hanoi

The project with a five-year construction period would be seen as gauge of the city's leadership and credibility. Hanoi identifies the success of the US$3.7-billion Ring road No.4 project as the pride of the city, which requires the utmost effort from every department and unit to ensure the best head start possible. Secretary of the Hanoi Party Committee Dinh Tien Dung. Photos: Thanh Hai Hanoi Party Committee Secretary Dinh Tien Dung gave the remarks at a meeting discussing the construction of the Ring road No.4 project connecting Hanoi and nearby provinces/cities. The project with an estimated investment capital of VND85.8 trillion (US$3.7 billion) received a go-ahead from the National Assembly last week and is slated for completion by 2027. With a total length of 112.8 kilometers, the Ring road would run through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers), and Bac Ninh (25.6 kilometers). At the meeting, delegates stressed the significance of … [Read more...] about Success of US$3.7-billion ring road project is Hanoi’s pride: City Party chief

The benchmark started the morning trading session not so smoothly when the demand still hesitated, while the holders were ready to push sell orders when they saw that stocks reached their expected price levels. The cautiousness of both sides made the VN-Index go down slightly in the ATO session. The market continuously shook in the morning trading session when both the buyers and sellers failed to show their superior on the electric board. The market only improved in the afternoon trading session when buy orders above the reference price unexpectedly poured into the group of banking stocks. The green color from the most important stock group in the market was the driving force, helping change the color of the remaining large-cap stocks in the VN30 basket. At the end of the trading session, the VN-Index gained by 15.28 points, or 1.27 percent, to 1,218.1 points. Of the index, 326 stocks emerged, 53 remained unchanged, and 136 sank. Notably, the list of stocks that climbed today … [Read more...] about VN-Index strengthens by more than 15 points, backed by banking stocks

The meeting between the second unit of HCMC People’s Council and voters (Photo: SGGP) Representing the second unit, Head of the Propaganda and Education Board of the City Party Committee Phan Nguyen Nhu Khue confirmed that the unit will collect all opinions of participants to report to HCMC People’s Council for consideration and response. He also asked that state leaders in Thu Duc City increase discussion with residents to welcome more practical proposals, urgent concerns of citizens for timely explanation and proper feedback. Hearing the information that certain residents have lived for 20 years in temporary accommodation, delegate Khue requested Thu Duc City immediately address the issue, avoiding the case of having such a strongly developed hi-tech park but letting people live unstably. As to other projects behind the schedule in Thu Duc City, he asked that Thu Duc City quickly review and introduce suitable road maps to address, beginning with urgent projects receiving … [Read more...] about HCMC to address projects behind schedule in Thu Duc City

To prepare for this report, the HCMC Construction Department has asked all 21 districts and Thu Duc City as well as related state agencies to submit corresponding reports for it to compile and summarize. Only 9/31 units, namely the HCMC Transport Department, the State Bank of Vietnam – HCMC Branch, HCMC Export Processing and Industrial Zones Authority, HCMC Housing Development Fund, Vietnam Bank for Social Policies – HCMC Branch, and the People’s Committees of the districts of 1, 4, Tan Phu, Nha Be, fulfilled this request. Based on those local reports, the HCMC Construction Department informed that from 2016-2020, the floor area of the city increased by 53.7 million square meters, most of which belonged to self-built housing (a rise of 38.5 million square meters). Commercial housing took the second position, at 13.98 million square meters. Social housing witnessed an increase of 1.23 million square meters in 19 finished projects, accounting for 69.2 percent of the goal. However, … [Read more...] about HCMC only fulfills 12.4 percent of relocation for households along channels

Nguyen Tat Thanh Street is always crowded Duong Thi Thanh Thuy, living on Huynh Tan Phat Street in District 7 and a regular user of this street to go to work in District 1, shared that it normally takes her 20 minutes to get to work, but at rush hours the time could be a double or triple. Truck driver Le Van Lam, who usually uses the street to transport cargoes to and fro Tan Thuan Export Processing Zone, complained that Nguyen Tat Thanh Street is always crowded, regardless of the time of the day. Nguyen Hoang Viet, a resident on the street, expressed his concern that he has heard about a street expansion plan towards Khanh Hoi Port for 5 years, yet could not understand why it has not turned to reality yet. People like him feel so tired of the noise and dirt volume each day, let alone traffic jams. He suggested that an expansion of 2-3m wide can greatly address the congestion situation here. Also, the intersection between this street and Ton Dan Street is often stuck because … [Read more...] about Nguyen Tat Thanh St. in urgent need of expansion

Talking to the press, he said there are three main areas for such cooperation, namely digitalisation, simplification of rules and procedures to strengthen the business environment; supporting equality, gender equality and equality for minority groups; and legislation and regulation around the green economy. He stressed that the strategic partnership between the UK and Vietnam is solid but there is plenty of room for it to expand. Hue’s visit, the second of a senior Vietnamese leader to the UK within the past year, will help to push forward the cooperation between the two parliaments and governments, he said. "The relationship between the UK and Vietnam is built on people-to-people links. So I think this visit is a good symbol that we are open for business again in both directions,” said Ward. Businesses can travel, invest and develop export and import, while students from Vietnam can come to the UK and vice versa, he added. “We hope that we will soon see the return to the … [Read more...] about Top legislator’s visit a great opportunity for boosting Vietnam-UK ties

Farmers in the Mekong Delta are under pressure due to climate change. (Photo: SGGP) Speaking at the conference, Mr. Le Thanh Tung, Deputy Director of the Department of Crop Production, said that mega-deltas in Asia, including the Mekong Delta, play an important role in providing food for millions of people in the region. However, the food systems in these deltas are being severely impacted by climate change, including floods, salinity intrusion, water shortages, and increasingly severe climate conditions. It negatively impacts economic growth, food security, and nutrition, besides challenges from urbanization and migration, and creates new poverty traps and hotspots of hunger. Dr. Ole Sander, Representative of the International Rice Research Institute (IRRI) in Vietnam, emphasized the role of Asian mega deltas as food baskets for countries in the region. The main goal of the Asian mega-deltas initiative is to build these deltas capable of sustaining socio-ecological integrity, … [Read more...] about Mega-deltas creating food baskets severely impacted by climate change