Nguyen hoanh nam

Workers process shrimp for export at a firm in the South. Total outstanding loans in HCM City by the end of April 2022 reached more than VND3 quadrillion, of which about VND196 trillion was poured into the Government’s priority areas, including exports. — Photo thoibaonganhang.vn Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year. Nguyen Duc Lenh, deputy director of the State Bank of Vietnam (SBV)’s HCM City branch, said total outstanding loans in HCM City by the end of April 2022 reached more than VND3 quadrillion (US$130 billion), of which about VND196 trillion was poured into the Government’s priority areas, including exports. According to Lenh, the loans have helped many firms in industrial parks and export processing zones maintain production and business. The credit growth for the firms reached 24.4 per cent in Q1 2022, a fairly high level … [Read more...] about Banks promote lending to exporters amid Viet Nam’s positive shipments

Land and housing prices have increased by 20-25 per cent in urban areas. — VNA/VNS Photo Experts have warned that the high rate of inflation will cause the domestic housing market to continuously see prices increase, but liquidity decrease. According to real estate consultant Le Quoc Kien, the market from the middle of last year until now has seen low transactions as the land and housing prices have increased by 20-25 per cent in the urban areas and 30 per cent in the suburban areas. Meanwhile, the price has surged by 50 per cent in the neighbouring provinces. Therefore, he predicts that investors who do not face the pressure of bank debt will not sell real estate in the next 6-12 months because they will have to look for other assets. They do not want to keep cash in a period of high inflation. Meanwhile, investors who suffer pressure from banking loans will be forced to sell property when inflation is high. According to the General Statistics Office, core inflation in April … [Read more...] about Housing market sees price increase, liquidity decrease

Tourism authorities in Ha Giang Province, northern Vietnam have opened four new routes running through the Dong Van Rock Plateau in the hope of attracting more tourists to the northernmost mountainous region. The four include Quan Ba – Yen Minh, Yen Minh – Dong Van, Dong Van – Meo Vac, and Meo Vac – Du Gia. They are considered a true showcase of Ha Giang’s storied beauty. A stretch of the Ha Giang Loop in Ha Giang Province, Vietnam. Photo: Nhu Binh / Tuoi Tre The Ha Giang Loop has long been a favorite amongst motorbike-riding backpackers, but the establishment of the novel routes throughout the region will help to gradually open up the area to group tours and other visitors who prefer to travel by bus or car. From Quan Ba District to Yen Minh District Quan Ba District of Ha Giang sits in the southwesternmost area of the Dong Van Karst Plateau Geopark. To reach the Quan Ba Heaven Gate – a majestic overlook about 1,200 meters above sea level – visitors … [Read more...] about Explore the newest breathtaking routes in Vietnam’s Ha Giang Province

BANGKOK -- Thailand and Vietnam are in talks on a pact to raise the price of their rice exports to increase their leverage in the global market and improve farmer incomes, a Thai government official said on Friday. Agriculture officials from Thailand and Vietnam, the world's second and third biggest rice exporters, met in Bangkok on Friday to discuss joint measures to support their farmers and rice industries and manage growing production costs. "We aim to raise rice prices, increase farmer income and increase bargaining power in the global market," Thai government spokesperson Thanakorn Wangboonkongchana said in a statement after discussions on the sidelines of a farms expo. "The rice price has been low for more than 20 years while the cost of production has been increasing." Vietnam's agriculture ministry could not immediately be reached for comment. Vietnam and Thailand account for roughly 10% of global production of rough rice, and about 26% of global exports, according … [Read more...] about Thailand aims for pact with Vietnam to raise rice prices

It was necessary to improve the legal framework for REITs so that investors could feel secure in investing. — VNA/VNS Photo Viet Nam needs to improve the legal framework to promote the development of real estate investment trusts (REITs) to add capital to the property market while bank credit and corporate bond issuance were being tightened. According to the Viet Nam Association of Realtors, property developers mainly raised capital from stakeholders, bank credit and corporate bond issuance. The tightening of bank credit and corporate bond issuance would force them to look for alternatives and REITs were predicted to become more popular as a capital raising channel for developers, the association said. REIT was a form of capital contribution for one or a porfolio of real estate projects, real estate enterprises by individuals and organisations through the buying of shares or fund certificates and getting returns based on the performance of the real estate projects or … [Read more...] about It’s time to promote the development of REITs: association

Modern equipment help improve medical examination and treatment service quality at Hospital A in Thai Nguyen province (Photo: VNA) Hanoi (VNA) – Legislators at the 15th National Assembly (NA) discussed in groups the draft Law on Medical Examination and Treatment (revised) on May 26 during their ongoing third session. Many deputies pointed out that after 10 years of implementation, the law has created an important legal framework for the caring and protection of people’s health through the management of medical activities, ensuring rights of patients. However, it has exposed a number of shortcomings and limitation, making it no longer suitable to the reality. According to Bac Ninh province’s representative Nguyen Thi Ha, the bill should specify policies to encourage the research and application of science and technologies in medical examination and treatment through support in land use, tax and finance, thus drawing more investment and knowledge from other countries. Deputies … [Read more...] about Legislators give ideas for revision of Medical Examination and Treatment Law

Bilateral trade recovery According to the Ministry of Industry and Trade, after two years of COVID-19, trade between Vietnam and the UK recovered in 2021, reaching nearly US$6.6 billion. This included more than US$5.7 billion worth of Vietnam’s exports to the UK, an increase of 16.4 percent compared with 2020. Vietnamese goods at a UK supermarket Products with high export growth included fruit and vegetables (up 67 percent); coffee (up 17 percent); pepper (up 49 percent); carpets and products made of bamboo, rattan and sedge (up 56 percent); iron and steel materials (up 1,269 percent); steel products (up 100 percent) and toys and sports equipment (up 19 percent). The value of Vietnam’s imports from the UK reached nearly US$850 million, an increase of 23.6 percent compared with 2020. In the first four months of 2022, Vietnam’s exports to the UK reached an estimated US$4.8 billion with key products including seafood, coffee, pepper, cashew nuts, plastic products, … [Read more...] about Vietnam-UK agreement creates leverage for bilateral trade

A ceremony for the third phase of the FPT Complex in Da Nang City. — Photo courtesy of F-Soft Da Nang FPT Software (F-Soft) Da Nang has commenced construction of key infrastructure projects in the Information Technology (IT) Service Centre F-Complex in the central-city, after a two-year delay caused by the COVID-19. Chairman of F-Soft, Nguyen Tuan Phuong spoke at the ground-breaking ceremony for the third phase of the apartment (FPT Plaza 3), the second phase of the FPT education (FPT school), a Data Centre (FPT Telecom) and public space of the FPT City, which will enter full operation in the first quarter of 2024. Phuong said the infrastructure items would reserve working space and living accommodation for at least 10,000 employees, experts, and 80,000 families. He said a series of apartments and Information Technology (IT) infrastructure projects would help boost F-Soft Da Nang as a leading software exporter and end-to-end digital transformation service supplier in central … [Read more...] about Key infrastructure projects start in Da Nang

The event was attended by Chief of the General Staff and Deputy Defense Minister Senior Lieutenant General Nguyen Tan Cuong, and Deputy Defense Ministers Senior Lieutenant Generals Le Huy Vinh, Vo Minh Luong and Pham Hoai Nam. Deputy Chief of the General Department of Political Affairs (GDP) Senior Lieutenant General Do Can, and Deputy Chief of the General Staff Lieutenant General Phung Si Tan were also present at the ceremony. Addressing the event, General Giang congratulated General Tra on receiving the noble Party membership badge, affirming that the badge demonstrates the Party’s recognition of General Pham Van Tra’s great achievements and devotion to the revolutionary cause of the Party and military. Over the past 65 years, General Tra has held many important working positions. In any circumstances, the former defense minister has always been loyal to the Party, nation and people; done his utmost to best perform all assigned tasks, deserving the trust of the Party, State, … [Read more...] about Former defense leader receives 65-year Party membership badge

The six species that are currently in a critical state are spoon-billed sandpiper, Nordmann's greenshank, great knot, far Eastern curlew, Chinese egret and Saunders's gull, said Nguyen Hoai Bao, representative of the BirdLife International Asia, the world's largest nature conservation partnership with 120 partners worldwide. Vietnam lies on one of nine important flight routes of migratory birds with over 300 different species, he said at a conference on bird conservation held Friday in Hanoi by the Ministry of Natural Resources and Environment. The biggest destinations are Xuan Thuy National Park in Nam Dinh Province and Cat Ba Island off Hai Phong City, both in the Red River Delta, and the Mekong Delta's Tram Chim National Park in Dong Thap Province, Go Cong Town in Tien Giang Province, and the Tien River in Tien Giang and Ben Tre provinces. According to BirdLife International, migratory birds in general and those having destinations in Vietnam are critically endangered due to … [Read more...] about 6 migratory bird species in Vietnam face extinction