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Located in the heart of Hanoi and HCMC’s bustling business districts, the two world-class, energy-efficient buildings are wholly owned and developed by Techcombank. The unveiling of its new headquarters comes as Techcombank celebrates its 30th anniversary and confirms its position among the leading banks in Asia. The two buildings were designed by the world-renowned architectural firm Foster + Partners and are the first buildings designed by the firm to be opened in Vietnam. Each building has a unique design that reflects the historic and cultural heritage of the city. Inside, open designs aim to bring people together to facilitate collaboration and innovation. Jens Lottner, CEO of Techcombank, said that the new headquarters were now in two world-class financial buildings in prime locations in Hanoi and HCMC. The designs by Foster + Partners have created open and collaborative working environments that will encourage innovation … [Read more...] about Techcombank unveils new headquarters in Hanoi, HCMC

The European Union (EU) will apply five assistance tools to Vietnam’s multifaceted development plan, as well as rapidly resolve its Illegal, Unreported and Unregulated (IUU) fishing ‘yellow card’ warning against the Southeast Asian country, the new EU ambassador to Vietnam recently announced. Ambassador Julien Guerrier was speaking at his first media meeting in Hanoi on Wednesday, one day after taking office and presenting his letter of credentials to Vietnamese State President Vo Van Thuong. Vietnam is an important EU partner in its Indo-Pacific strategy and the EU is one of Vietnam’s most reliable and long-standing friends and partners, Guerrier affirmed. The new ambassador pledged that during his four-year term, the EU will continue to help Vietnam realize its vision of becoming a developed economy by 2045 and achieving net-zero emissions by 2050. To that effect, the EU will provide Vietnam with five support tools, the first of which is to continue promoting the … [Read more...] about EU to offer 5 support tools to Vietnam, address IUU fishing warning soon: new ambassador

Lotte's largest retail complex in Vietnam has opened all establishment “We are committed to accompanying the socioeconomic development of Hanoi and Vietnam through investment activities, research, and development of more projects here,” said Shin Dong-bin, chairman of Lotte Group. Located in Hanoi, the $624 million complex combines a shopping mall with a hotel, cinema and aquarium, and has officially opened all establishments of the largest retail complex in Vietnam this month, is the 16 th supermarket of Lotte Mart in Vietnam, and the third branch of Lotte Mart in Hanoi. This is in light of the restructuring in China and stagnating sales in Korea. The move signifies Lotte's turn towards Southeast Asia. “1996 marked the beginning of Vietnam's Lotte Group with an investment contract for shopping malls and supermarkets, and now we have 19 member companies of Lotte in Vietnam,” he said. Lotte Shopping operates department stores, hypermarkets and supermarkets, e-commerce, … [Read more...] about New Lotte mall expands operating terms amid growth in foreign retail

According to the Ministry of Industry and Trade, 72 countries recognize Vietnam as a market economy, including Canada, Australia, Japan, and South Korea. The UK did so recently with an official letter to the effect. Speaking to VnExpress , a Trade Remedies Authority Department official said since its first anti-dumping investigation case against Vietnam in 2002 the U.S. had been considering the country a non-market economy. In a meeting with the U.S. Secretary of Commerce Gina Raimondo in Washington last Tuesday, Prime Minister Pham Minh Chinh proposed the U.S. to soon recognize Vietnam’s market economy status . The need for recognition of Vietnam's market economy status was also in the joint statement between General Secretary Nguyen Phu Trong and President Joe Biden on upgrading the two countries' relations to a Comprehensive Strategic Partnership. The EU also sees Vietnam as a non-market economy. In 2015, while free-trade agreement negotiations were underway, the EU … [Read more...] about Significance of Vietnam being a market economy

The Vietnam National Authority of Tourism carries out a communications campaign with a series of videos themed “Vietnam: Travel to Love” on Youtube digital platform. (Photo: Ministry of Culture, Sports and Tourism) Hanoi (VNA) – With digital transformation accelerated, a kaleidoscope of smart tourism offerings has been developed to provide new experiences for travelers and help recover the tourism industry, which was battered by the COVID-19 pandemic. The "Wonders of Vietnam" project was launched as part of Google Arts and Culture that allows everyone to explore art, history and wonders of the world. (Screenshot photo) Featuring 35 stories and over 1,300 sumptuous photos of iconic sites, historical heritage, nature, cuisine and culture of Central Vietnam, the project is a unique way for hungry travellers to virtually explore. It is also an important part of Google’s overall support of the local tourism industry, which has been badly affected by pandemic-related … [Read more...] about Digitalisation drives tourism recovery

The driver on Wednesday said he was driving his truck on the expressway in the direction from Dong Nai to HCMC. As the truck missed an intersection between the expressway and National Highway 51 by about 200 m, the man stopped, used a sheet to cover his plate numbers, then drove it backwards to prevent being fined. However, the entire action was filmed by surveillance cameras. The fine for covering up license plates and running backwards on an expressway was handed out by a traffic police patrol team on Wednesday. Several drivers on expressways have been found to be covering up their plates using tapes and sheets before violating traffic rules in recent times. To combat this, the traffic police department at the Ministry of Public Security has been using surveillance cameras to verify violations, and such cases would be reported to patrol teams. … [Read more...] about Truck driver covers up license plate to drive backwards on HCMC expressway

Two weeks ago, the government held a forum to help make the first steps to shape the market of high-efficiency energy-consuming equipment by 2030. The move is made amid the rising pressure to alleviate power outages and achieve the net-zero goal by 2050. More options looked at for energy-efficiency goals, photo VNA The event, on developing the high-efficiency energy-consuming market from policy to implementation, was organised by the Office of the Steering Committee for Energy Efficiency under the Ministry of Industry and Trade (MoIT). One measure discussed was promoting the use of high-efficiency energy-consuming equipment and gradually eliminating outdated technological products. Meanwhile, low-efficiency energy-consuming equipment such as storage water heaters and infrared hobs is prohibited to import, produce, and sell in Vietnam, according to a decision made in May. Dang Hai Dung, deputy chief of the Office of Sustainable Production and Consumption under the … [Read more...] about More options looked at for energy-efficiency goals

Huynh Thanh Dat, Minister of Science and Technology, and Susan Elliott AM, interim president and vice-chancellor of Monash University What does it mean to Monash University to successfully host International TECHFEST 2023? We are pleased to host International TECHFEST 2023 – the first time the event has been held in Australia – as we celebrate the milestone of 50 years of diplomatic relations between Vietnam and Australia. We are delighted to collaborate with Vietnam's Ministry of Science and Technology and to have the opportunity to welcome the country's delegation to Monash. International TECHFEST 2023 reflects Monash University’s distinctive global footprint and commitment to international collaborations. It is a wonderful platform to strengthen relations between Monash and Vietnam, and deepen our connections with Vietnamese students, researchers, and industry leaders. Importantly, this event offers a significant opportunity to enhance the potential of the … [Read more...] about Monash University helps Vietnamese startups unlock their potential

The latest draft plan for implementation of Power Development Plan VIII (PDP8), submitted by the Ministry of Industry and Trade (MoIT) on August 31, pointed out the vast challenges remaining despite the approval of the plan in May. Detailed implementation will direct success of PDP8, Source: Vietnam+ “For solar power projects that have been approved and assigned to an investor, the specific progress will be considered in the implementation plan PDP8. However, this request cannot yet be carried out according to the MoIT’s Institute of Energy,” noted the latest draft plan. The Institute of Energy, the unit responsible for developing plans to implement PDP8, explained that there are currently 23 solar power projects approved and assigned to investors with a total capacity of about 2,360MW. This is a much higher capacity than the 1,500MW limit currently set in the PDP8. Meanwhile, the MoIT reported that there are more than 2,000 proposed wind, solar, and small … [Read more...] about Detailed implementation will direct success of PDP8

Hanoi (VNA) - The livable coastal city of Da Nang, the ancient town of Hoi An , and Phu Quoc island, are destinations considered by foreign experts to be must see attractions for international visitors to Vietnam. Last week, experts from the famous international travel website Travel+Leisure (USA) and The Week (UK) suggested engaging activities that tourists can experience when coming to Da Nang and Hoi An in the central region and Phu Quoc island in the southern region. 10 best things to do in Da Nang and Hoi An According to Travel+Leisure, with pristine beaches, Da Nang is gradually becoming a "magnet" attracting international tourists with luxurious coastal resorts, restaurants, bars, attractive entertainment areas, mysterious mountains and cave systems, and especially the iconic Golden Bridge, the new symbol of Da Nang. Notably, Da Nang is blessed with picture perfect nature with smooth white sand beaches and clear jade blue sea water as beautiful as a painting. … [Read more...] about Must see attractions of Vietnam