Situated at 8 Hoang Hoa Tham Street, Ward 7, Binh Thanh District, Xoi Bat welcomes patrons daily from 7 a.m. to 8:30 p.m. The establishment was honored with a spot on the list of 29 Michelin Guide Bib Gourmand restaurants in Vietnam in June. Bib Gourmand selections are known for their simple and easy-to-enjoy cooking styles, offering delicious food at inexpensive prices. Phuc Thinh, the owner of the restaurant, prepares his mother’s ingredients according to her styles and recipes. Photo by VnExpress/Van Khanh Huynh Phuc Thinh, the owner and culinary benefactor behind Xoi Bat, shares that while sticky rice is a familiar staple in Vietnam, its essence is not recognized among foreign palates. Driven by the mission to share southern flavors with global friends and preserve his mother's cherished recipes, Thinh started his culinary journey that led to creating Xoi Bat, where his mother leads the kitchen. The restaurant has a simple but welcoming interior with lots of … [Read more...] about Michelin spotlight shines on HCMC sticky rice gem
Mugaritz michelin guide
Lady Hill Sapa Resort: A guided walk through the cloud
The newly built resort would make a traveler's stay in Sapa memorable by offering super-friendly services and magnificent views amidst clouds. Situated on a hill overlooking the breathtaking mountainous scenery of Sapa Town, Lao Cai Province , Lady Hill Sapa Resort is a brand new and charming resort that stands out from the others in the area. A bird's eye view of the magnificent Lady Hill Sapa Resort. Photo courtesy of the resort Skipping many accommodation options, our group of tourists, both locals and international travelers, decided to choose Lady Hill Sapa Resort as our "home" for a three-day and two-night trip to the famous tourist attraction in Vietnam's northern mountainous region. And that decision paid off beyond our expectations. The resort is quiet, beautiful and secluded without being too far from the center. It also has easy access to the cable car station, which is very convenient for the trip to conquer the mountain known as the " … [Read more...] about Lady Hill Sapa Resort: A guided walk through the cloud
Affordable National Day getaways near Hanoi
Within a 150-km radius of Hanoi lies an array of tourist attractions perfect for brief escapes. For those seeking a break without dedicating the entire four-day National Day holiday to travel, options like trekking, camping, and relaxation await. These two-day, one-night trips cost approximately VND2 million ($83). 1. Trekking in Cat Ba National Park Cat Ba National Park, part of Cat Ba Island in Hai Phong City, 150 km from Hanoi, is a UNESCO-designated biosphere reserve. Just about a 1.5-hour drive from Hanoi via the Hanoi-Hai Phong highway, visitors will then take a ferry at Got Pier to reach Cat Ba Island. Embarking on a trek through Cat Ba National Park offers visitors the opportunity to immerse themselves in nature. Photo by VnExpress/Tam Anh Over a span of two days, visitors can embark on a forest trek ranging from 6 to 10 km. The trails are diverse, taking you through flat forest paths and other moderately steep sections. After the trek, visitors can … [Read more...] about Affordable National Day getaways near Hanoi
Vietnam, Japan cooperate in ocean waste management
Khanh told his Japanese counterpart that Vietnam is always at the forefront of climate change response, evidenced by the Prime Minister’s commitments to achieving net-zero emissions by 2050. Vietnam has been actively partnering with other developed nations to implement the Political Declaration on establishing the Just Energy Transition Partnership (JETP), he said. He called for cooperation in monitoring the quantity of waste discharged into the sea, and adopting measures to sort, collect, and process plastic waste while helping fishermen switch to the use of eco-friendly tools. As Vietnam is one of the countries hardest hit by climate change, notably landslides in the Northern mountainous region, geological fluctuations in the Central Highlands, and river and coastal erosions in the Mekong Delta, Khanh suggested Japan continue helping Vietnam build a carbon credit market and improve disaster forecasting and warning. Akihiro, for his part, affirmed that Japan always accompanies … [Read more...] about Vietnam, Japan cooperate in ocean waste management
Vietnam Coast Guard receives Second-class Feat-of-Arm Order
The event was attended by Senior Lieutenant General Nguyen Tan Cuong, Chief of the General Staff of the Vietnam People's Army and Deputy Defense Minister; Lieutenant General Nguyen Van Gau, Deputy Director of the General Department of Political Affairs of the Vietnam People's Army; Major General Pham Truong Son, Deputy Chief of the General Staff of the Vietnam People's Army, among others. The key speech at the ceremony affirmed that over the past 25 years, generations of officers and soldiers of the Vietnam Coast Guard Command have overcome difficulties and achieved numerous outstanding accomplishments. The Vietnam Coast Guard has consistently coordinated closely with other functional forces to effectively carry out advisory tasks to assist the Central Military Commission and the Ministry of National Defense in devising flexible and effective strategies for handling situations at sea. They have steadfastly fought against illegal activities of foreign vessels; strengthened patrols, … [Read more...] about Vietnam Coast Guard receives Second-class Feat-of-Arm Order
China approves 37 retail funds to help revive market
The move comes on top of a slew of measures to shore up the market, including a stamp duty cut, slower pace of IPOs and lower margin financing requirements. The newly-approved funds, which will guide fresh capital into the market, include 10 exchange-traded funds (ETFs) that track the small-cap CSI 2000 Index and seven tech-focused ETFs, according to the China Securities Regulatory Commission (CSRC) website. The remaining 20 products are innovative mutual funds that for the first time charge investors floating fees, to be pegged to fund size, performance, or holding period. The CSRC has vowed to fast-track ETF approvals, and guide asset managers to lower management and trading fees, along with several other market-friendly measures. China's bluechip CSI300 Index surged more than 5% at the open on Monday, but is still down roughly 6% from an April peak. China's leaders vowed late last month to boost investor confidence and reinvigorate the stock market - the world's second … [Read more...] about China approves 37 retail funds to help revive market
Long An realising its long-term strategies
Minister of Planning and Investment Nguyen Chi Dung (second from right) with leaders of Long An province, Photo: VGP/Nhat Bac After two years of implementing the Resolution of the 11th Party Congress of the province, Long An is on track to adjust its economic structure. The agricultural sector has posted positive results thanks to more investment, especially in high-tech agriculture development and restructuring programmes. Industry and the construction sector are recovering, with positive results from investment attraction. Trade and services are also developing rapidly. The province’s regional GDP growth rate reached 0.95 and 8.32 per cent respectively in 2021 and 2022. This rate jumped by 3.43 per cent in the first six months of 2023. The provincial People’s Committee said that this growth rate has yet to meet desired expectations, but is still acceptable amid the challenging economic environment. Long An has recorded positive performance across industries. The average … [Read more...] about Long An realising its long-term strategies
Consideration of ESG tools build up steam
Bamboo Capital Group last week announced a partnership with data solutions company STACS to utilise its platform ESGpedia, which supports corporate sustainability and ESG reporting for businesses in Vietnam. Through the partnership, Bamboo will integrate with ESGpedia to help companies, especially those new to ESG reporting and sustainability, easily calculate their Scope 1 and 2 carbon emissions. Consideration of ESG tools build up steam, illustration photo/ Source: Shutterstock Andy Tan, group strategy director at Bamboo Capital, said that while there is an increasing trend of ESG awareness and requirements in Vietnam today, many businesses are lacking the expertise and resources to begin. “Our partnership with ESGpedia will allow companies to gain an understanding of their carbon footprint and current sustainability standing in a simple and guided manner, and ultimately lower the barrier of entry to kickstart and set the necessary foundation for businesses to … [Read more...] about Consideration of ESG tools build up steam
Bancassurance sales plummet following allegations of scams
But the quality of the service is improving after a period when many of them focused completely on sales targets, leading to complaints by many customers they were misled into buying insurance by staff who claimed it was some kind of deposit or investment. In the second quarter, some private banks switched to overall targets for their staff, including home and car loans, reducing pressure to sell insurance. Phuong Tien Minh, general director of insurer Prudential Vietnam, said insurance companies and banks have learned a "massive amount of lessons" in the past seven years. During that period of hot growth, most banks sought to sell insurance at any cost with an eye on commissions rather than contract retention rates, or the period for which insurance buyers continue to pay premiums. Some banks have recently committed to contract retention plans. Many banks had retention rates of 60-70% at the end of last year. In May, VIB and Prudential committed to a minimum contract … [Read more...] about Bancassurance sales plummet following allegations of scams
Green-led incentives desired by businesses
Deputy Prime Minister Tran Hong Ha last week stated that businesses in Vietnam will have to continue facing green technical barriers if the green conversation is delayed, causing challenges for them during the process of penetrating both domestic and overseas markets. “To create new advantages for enterprises, the government will promulgate policies to promote the green and circular economy, especially the implementation of the Law on Environmental Protection, creating a legal framework for renewable energy, and a circular economy based on studying international practices,” he said at last week’s Vietnam Corporate Sustainability Forum. “In addition, the government will promulgate preferential mechanisms to support enterprises that are implementing technology transformation, research and development centres and innovation ecosystems, and developing high-tech industrial zones and economic zones,” DPM Ha said. His commitment, on behalf of the government, will create a … [Read more...] about Green-led incentives desired by businesses