Increasing global temperatures are expected to harm ecosystems pushing extinction

Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29. In addition, the prices of goods, food and foodstuffs went up during the final lunar month to prepare for the longest annual holiday and domestic fuel prices rose to global levels, contributing to the rise of the index. January’s CPI increases 0.52% due to high Tet demand (Photo: VNA) This month’s CPI increased by 4.89 % year-on-year, while the core inflation in January inched up 5.21%. Among the 11 main commodity groups, nine marked a month-on-month increase in prices, and the rest registered a decline. Transport services reported the highest rise of 1.39 %, followed by beverage and cigarette with 1.12%. The prices of catering, other goods and services, apparel, footwear and hat, gold prices, restaurant services, cultural activities, and … [Read more...] about January’s CPI increases 0.52% due to high Tet demand

Viettel is the only Vietnamese brand in the latest Brand Finance Global 500 rankings. — Photo baochinhphu.vn Viettel is the most valuable telecoms brand in Southeast Asia and the 17th in the world, according to the latest Brand Finance Global 500. At 234th position globally, Viettel is the only brand of Việt Nam and the only telecoms one of Southeast Asia listed in the 2023 rankings. Meanwhile, e-commerce company Amazon surpassed Apple to become the world’s most valuable though its brand value fell about 15 per cent to US$299.3 billion this year from $350.3 billion in 2022. Apple dropped to the second place as its brand value declined 16 per cent to $297.5 billion. Brand Finance, founded in 1996, is the world's leading brand valuation consultancy present in 20 countries and territories. — VNS … [Read more...] about Viettel named most valuable telecoms brand in Southeast Asia

Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20. In the first month of 2023, newly-registered capital is estimated to have increased 3.1 times over the same period last year, showing that foreign investors still maintain confidence in Vietnam's investment environment. Hanoi ranks among the top localities in foreign direct investment (FDI) in 2022. Photo: Thang Long Industrial Park The Foreign Investment Agency under the Ministry of Planning and Investment reported that there were 801 newly-registered projects totaling $1.2 billion and 89 projects increasing capital with a combined amount of $306.3 million. In addition, 204 transactions of share purchases by foreign investors were worth $174 million, representing a year-on-year decline of 60.7%. Meanwhile, the disbursement of foreign investments dropped by 16.3% to $1.35 billion. The agency attributed the decrease in registered and disbursed FDI to the national holiday (the … [Read more...] about Foreign investors remain confident about Vietnam’s business environment

Themed “With all and for the good of all,” the event was one of the activities honoring Cuban national hero José Martí on the occasion of his 170th birth anniversary (January 28), with over 1,100 delegates from 87 countries globally taking part. This world forum of plural and multidisciplinary thought is convened by the José Martí Project for World Solidarity every three years, enabling hundreds of professors, social activists and intellectuals in general, from all latitudes of the planet, to reflect on the main contemporary problems. As the first guest to address the opening ceremony, Tuan underlined that together with the people across the globe, the Vietnamese people always aspire to live in a world of peace, democracy with the long-term goal of wealthy people, strong country and a democratic, fair and civilized society. In order to build a better world, the Vietnamese delegation suggested further strengthening the role of the legislature and lawmakers in fine-tuning laws; … [Read more...] about Vietnam attends fifth International Conference For World Balance

Decreasing demand for apartments in the region is also forecast to continue through at least the middle of the year. But it may begin to gradually rise by the last quarter of 2023 as legal bottlenecks and obstacles to credit are slated to be at least partially removed by the government, according to DKRA real estate consultants. DKRA Vietnam deputy R&D director Vo Hong Thang said apartment market liquidity, this year, would concentrate in affordable housing projects with prices of below VND50 million ($2,118) per square meter in HCMC and less than VND35 million per square meter in Binh Duong. Such social housing projects promise to be a ray of light in the otherwise gloomy 2023 market, he said, while adding the caveat that supply would still be limited. According to Thang, businesses are gradually supplying fewer high-priced homes and more affordable apartments and social housing units this year. He said this trend may last until 2025, with new supply focusing on the city’s … [Read more...] about Apartment market to continue slumping this year

The Republic of Korea (RoK) topped the list of countries and territories with most foreign visitors to Vietnam in January 2023, the General Statistics Office of Vietnam (GSO) announced on January 29. Located in central Vietnam, UNESCO-recognised Hoi An is one of the major tourist attractions for Korean visitors. (Photo: travelelog.com) According to data released the GSO, Vietnam welcomed 258,000 Korean arrivals in January, representing a 13-fold increase month on month and a 72fold increase year on year. The RoK was followed by the United States (nearly 78,000 arrivals), Thailand (55,000), Australia (44,225) and Malaysia (37,267). Besides, Japan, Cambodia, Singapore, Taiwan (China) and the United Kingdom were all countries and territories with large numbers of tourists to Vietnam in the first month of 2023. The GSO reported Vietnam attracted 871,200 foreign arrivals in January 2023, an increase of 23.2% over the previous month and 44.2 times higher than the … [Read more...] about RoK tops list of countries with most foreign visitors to Vietnam

A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products

Dawn breaks over Da River lake.(Photo: VietnamPlus) Hanoi (VNA) - As vaccination coverage is expanding, the severity of the SARS-CoV-2 virus is showing signs of dying out. As a result, Vietnam’s tourism needs to quickly work out harmonious measures for the coming period of recovery. A sad economic year for the tourism sector has come to an end after many tremors caused by successive outbreaks of COVID-19 . Vietnam’s green economy in 2021 failed to recover as seen through the statistics of the yearly review, yet many experts still believe that in 2022, accelerations will be created with attention and assistance from the government. Although the pandemic is still spreading with new variants, there are grounds for us to hope the constantly expanding vaccination coverage has helped weaken the severity of the SARS-CoV-2 virus. The clock is ticking towards the day when the world can contain and roll back the pandemic, opening up chances for socio-economic recovery. That is … [Read more...] about Vietnam’s tourism in 2022: measures for recovery, acceleration

In the month, local authorities granted licenses for 153 new FDI projects worth USD 1.2 billion, up 48.5% in number and 3.1 times in value. Among these projects, those related to wholesale, retail, and repair of automobiles and motorized vehicles accounted for the lion’s share of the total registered sum, at 54.1% or USD 651.9 million. They were followed by those in the processing and manufacturing industry, which together registered 351.2 million in capital. Also in January, 28 foreign countries and territories invested in Vietnam. Singapore was the largest with USD 767.6 million, followed by China with USD 198.2 million. Meanwhile, Vietnamese investors poured USD 126.7 million on their projects overseas, increasing by 3.4 times against the same month in 2022. Source: VNA … [Read more...] about January FDI nears USD 1.7 billion

During a working session with ministries, agencies, localities and stakeholders of the project after making a fact-finding trip earlier the same day to the construction site, he assigned them to responsibility for the work under their watch and solve existing issues. The Government has directed the establishment of a working group led by Deputy Prime Minister Tran Hong Ha to oversee and speed up the project, Prime Minister Pham Minh Chinh revealed. At the construction site, he asked ministries, agencies, localities and investor to hasten the implementation of the project, with quality guaranteed. Covering a total area of more than 5,580 hectares, the Long Thanh international airport will spread across six communes in Long Thanh district, Dong Nai province. The airport’s total investment is VND 336.63 trillion (USD 14.6 billion), with construction divided into three phases. In the first phase, a runway and one passenger terminal along with other supporting facilities will be … [Read more...] about Problems must be settled for Long Thanh airport construction: Prime Minister