Oecd ministerial council meeting

Keep updated on the latest news about Vietnam. Vietnam submits next World Heritage candidate to UNESCO The Chua Dong (Bronze Pagoda) on Yen Tu Mountain, Quang Ninh Province. Photo: Truong Giang/The Hanoi Times Vietnam will submit to UNESCO by December 31 to inscribe the Yen Tu-Vinh Nghiem-Con Son-Kiep Bac Relic Complex as a World Heritage Site. The International Council on Monuments and Sites (ICOMOS) will assist Vietnam in reviewing the profile and making changes if necessary. The relic complex covers three northern provinces of Quang Ninh, Hai Duong, and Bac Giang. It is an irreplaceable link in the network of Truc Lam Buddhism, which took root in Vietnam in the 13th century and became the national religion. Vietnamese students studying in Italy welcomed The Vietnamese Embassy and the Vietnamese Students' Association in Italy held a ceremony last weekend to welcome Vietnamese students studying in the southern European country. At the event, the … [Read more...] about Vietnam news in brief – October 2

CEO Tran Huu Dat, General Director of AB Mauri Vietnam. Photo courtesy of AB Mauri Vietnam What are your thoughts on the domestic and foreign economies during this period of inflation? In terms of the global economy, everyone expects 2023 to be a boom year following the strong rebound of 2022. However, this year has proven to be more difficult than expected. Vietnam has been a part of the international market for many years; therefore, it is difficult to avoid being affected by these issues, even though domestic inflation is a little slower than in other countries. One of Vietnam's advantages is that it has well-controlled inflation compared to the high rates in the United States and Europe. This has resulted in a significant drop in the domestic consumer price level in the first seven-month period of 2023. This is a positive indicator, demonstrating the government's efforts through the recent implementation of domestic inflation control strategies. Furthermore, this is … [Read more...] about AB Mauri’s business development strategy amid rising inflation

Nguyen Thi Tuoi, a 64-year-old woman living in the district, recently finished a five-story building with 41 rooms for rent after a year of construction. In order to meet the high standards of renters, she decided to fully furnish the rooms with beds, closets, desks, chairs, air conditioners, and private bathrooms. She also installed a fire alarm system that is up to standards inside the building. She plans to fix the price of rent at VND3 million (US$123) per month. The idea of starting a rental business came to her at the beginning of 2022, when she saw that there was high demand from students of FPT University and Vietnam National University Hanoi, especially because many nearby rentals were nearly full. The five-story building with 41 fully furnished rooms belonging to Tuoi’s family in Hanoi's Thach That District, the morning of Sept. 12, 2023. Photo by VnExpress/ Quynh Nguyen "My family had a few hundred square meters plot of land right next to the road, near … [Read more...] about Hanoi’s student apartments ‘hungry’ for tenants

Practical power direction can propel SOE fortunes At a seminar last week co-hosted by VIR and the Commission for the Management of State Capital at Enterprises (CMSC), Pham Van Son, head of the CMSC’s General Department, said that the 19 groups and corporations under it have undergone significant changes in the past few years. As of the end of 2022, the total consolidated ownership capital of these groups and corporations accounted for approximately 63 per cent of the total equity and 65 per cent of the total assets of state-owned enterprises (SOEs). “In comparison to 2018, the total consolidated equity increased from over $45.6 billion to more than $49.6 billion, and the total consolidated assets rose from over $98.5 billion to $103.8 billion. Key production and business indicators achieved annual growth,” he said. Notably, these 19 groups and corporations have received approval, implemented, and completed investments in 185 group A projects and 455 group B projects. Since … [Read more...] about Practical power direction can propel SOE fortunes

Sedona Suites Ho Chi Minh City creates ultimate venue for business and leisure It is the preferred choice for discerning travellers, providing an ideal location, extensive facilities, and a commitment to excellence. Located in the heart of Ho Chi Minh City, Sedona Suites boasts an enviable address that puts guests at the centre of the action. With a plethora of on-site dining options and a Saigon Centre mall right at your doorstep, the culinary delights of Vietnam are just a few steps away. Owning such a prime location where convenience meets quiet luxury, whether it's shopping, dining, or experiencing the local culture, it offers the ideal starting point for your adventure.The property seamlessly caters to both short-stay and long-stay guests. Its suites are thoughtfully designed to meet the needs of all guests, whether you're here for a brief visit or an extended stay. You'll find all the amenities and services necessary for a comfortable and productive stay. Additionally, … [Read more...] about Sedona Suites Ho Chi Minh City creates ultimate venue for business and leisure

On September 16, Quang Nam chose India as the first destination of its first provincial tourism promotion programme since the pandemic, opening the door for further activities set to take place elsewhere in the coming months. Deputy director of the Quang Nam Department of Culture, Sports, and Tourism Van Ba Son said many tourism products and services of the province had been introduced to Indian partners during a four-day event in Mumbai city in mid-September. Businesses and travel associations from both sides also reached an agreement on cooperation in exchanging guests, opening up more attractive development opportunities for the tourism industries of the two countries in the future. “We chose India because this country is in the top 10 largest international tourist markets in Vietnam. The number of Indian tourists coming here is increasing, the two countries also have many similarities in culture and religion and both have advantages in developing cultural tours,” Son said. … [Read more...] about New approaches in Vietnam’s tourism

As visitors flock to this paradise, Pullman Phu Quoc Beach Resort emerges as the premier choice for those seeking a luxurious and unforgettable stay. With its unparalleled facilities, exceptional service, and idyllic location, Pullman Phu Quoc promises an experience like no other. Photos courtesy of Pullman Phu Quoc Beach Resort Nestled on the island's western coastline, it offers a blend of luxury and natural beauty with modern design, spacious rooms, and stunning views of the ocean or lush gardens. The resort features impeccably designed rooms, a variety of dining options, and an extensive range of recreational facilities. The resort features impeccably designed rooms, a variety of dining options, and an extensive range of recreational facilities. Each room at Pullman Phu Quoc Beach Resort ensures that every customer's needs will be taken care of, leaving them free to relax and enjoy themselves. According to Jun Gyu Eom, director of Sales and Marketing … [Read more...] about Pullman Phu Quoc: The premier choice for Jeju’s first-ever flight to the island

Business and productions targets were all exceeded in 2021 and profits were at a record high in 2022 The group (Vinachem) is expected to acquire VND54.5 trillion (nearly $2.3 billion) in industrial production, $2.4 billion in revenues, and $146.4 million in profit for the year. It reported record profits last year. With close and timely attention and direction from the central government, ministries, and branches, Vinachem’s four weakest projects and businesses have seen positive changes. The project of DAP-Vinachem JSC has had stable production since 2017, with annual profits and no accumulated losses since January 2022. This project was also removed from the list of 12 loss-making mega projects. In addition, Vinachem’s three fertiliser production units have maintained production, gradually increasing the average capacity to match the designed capacity. Specifically, after being renovated and expanded, the Ha Bac fertiliser plant still maintains safe and continuous operation, … [Read more...] about Vinachem flourishes through positive adjustments

A garment factory of the Maxport Limited Vietnam in Thai Binh province. (Photo: VNA) HCM City (VNA) – The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 49.7 in September, compared to 50.5 in August, despite the second successive monthly increase in new orders. S&P Global said that after improving in August, overall business conditions in the Vietnamese manufacturing sector declined marginally in September. Underlying data pointed to a strengthening demand environment and growing business confidence, but also a degree of spare capacity in the sector which led to reductions in output and employment. Rates of inflation gathered pace, with both input costs and output prices rising more quickly at the end of the third quarter. The PMI stood at 49.7 points in September, back below the 50.0 no-change mark following a reading of 50.5 in August. The index thereby signalled a deterioration in business conditions for Vietnamese manufacturers, … [Read more...] about Vietnam’s PMI falls slightly, new orders increase in September

National Assembly (NA) Vice Chairman Nguyen Khac Dinh (sixth from left), Vice President of the Supreme Council of Kyrgyzstan Dzhamilia Isaeva (seventh from left), and other officials at the talks. (Photo: VNA) Hanoi (VNA) – National Assembly (NA) Vice Chairman Nguyen Khac Dinh paid a visit to Kyrgyzstan from September 29-30. Supreme Council of Kyrgyzstan Dzhamilia Isaeva, and met with representatives of leaders of the Supreme Council's Committees, Chairman of the Council of Ministers of Kyrgyzstan Akylbek Japarov, Chairman of the Kyrgyzstan-Vietnam Friendship Parliamentary B. Elvira, and representatives of the Vietnamese community in Kyrgyzstan. Kyrgyzstan wishes to strengthen cooperation, import and export of products and goods of Kyrgyzstan and Vietnam and with the EAEU. VNA … [Read more...] about NA Vice Chairman Nguyen Khac Dinh visits Kyrgyzstan