The country’s economic growth hit 5.33% year-on-year in the third quarter. Vietnam’s GDP in the first nine months expanded by 4.24% year on year, data from the General Statistics Office (GSO) showed today [September 29]. Data: GSO. Chart: Hai Yen/The Hanoi Times For the third quarter of this year, the country’s economic growth reached 5.33% compared to the same period last year. This growth rate only exceeds the figures for 2020 and 2021, which were significantly affected by the Covid-19 pandemic, but is still seen as a “positive trend”. Growth in the first quarter was a modest 3.28%, while the second quarter saw a slightly higher growth rate of 4.05% . Over the entire nine-month period, the GDP grew by 4.24%, the lowest growth in 13 years during a time when the pandemic affected the economy. For 2023, the Government has set an ambitious target of 6.5% GDP growth, while the economy grew 8.85% last year . The primary driver of the economy … [Read more...] about Vietnam’s GDP growth expands by 4.24% in a 9-month period
Periodic limb movement disorder
Hanoi aspires to become a global city
The formulation of capital planning is an integral component of Hanoi's endeavors to achieve its developmental goals by 2030, with a forward-looking perspective reaching to 2045. Hanoi commits to transforming into a globally interconnected metropolis by 2045, serving as the country's visage, said Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong at a scientific conference on the Hanoi Planning Orientation for 2021-2030 , with a vision to 2050, held today [September 29]. Overview of the conference. Photos: Thanh Hai/The Hanoi Times Phong said the city's goal is not merely to vie for supremacy with other provinces and cities in the country but to position itself globally, comparable to countries in Asia and the world. During the conference, Deputy Chairman of the Hanoi People's Committee Ha Minh Hai said that the formulation of the capital planning for the 2021-2030 period, with a vision to 2050, is an integral component of Hanoi's endeavors to … [Read more...] about Hanoi aspires to become a global city
Vietnam posts trade surplus of 21.68 billion USD in nine months
During the January – September period, Vietnam exported some 259.67 billion USD worth of products, a year-on-year fall of 8.2%. Meanwhile, the country's imports totaled 237.99 billion USD, down 13.8% year on year. Regarding the structure of exported goods in the period, processed goods accounted for 88.3% of the total export value, with 292.22 billion USD. As for imported goods, materials for production made up 93.7% of the value, with 223.08 billion USD. The U.S. was the largest export market of Vietnam with 70.9 billion USD, while China was the largest import market of the Southeast Asian country with 79.1 billion USD. According to the Ministry of Industry and Trade, the drop in Vietnam’s exports was attributed to slow recovery of the global economy, falling demand and high interest rates in developed countries such as the U.S., E.U. nations and China, coupled with a tightened monetary policy and high levels of inventory. The ministry will continue to keep a close watch on … [Read more...] about Vietnam posts trade surplus of 21.68 billion USD in nine months
Vietnam, RoK sign MoU to strengthen tourism cooperation
The Vietnam Tourism Association (VITA) and the Korea Tourism Organisation of the Republic of Korea (KTO) sign a Memorandum of Understanding (MoU), Hanoi, September 28 (VNA) Hanoi (VNA) – The Vietnam Tourism Association (VITA) and the Korea Tourism Organisation of the Republic of Korea (KTO) signed a Memorandum of Understanding (MoU) on bolstering tourism cooperation in Hanoi on September 28. Accordingly, the two sides will share information related to tourism policies, market trends, statistics, bolster exchanges among businesses in the fields, and jointly organise promotion activities like tourism fairs, seminars and famtours, among others. Under the MoU , members of VITA will receive support in developing tours to the RoK, improving the tours' quality of tourism programmes and ensuring rights and benefits for Vietnamese tourists when travelling to the RoK , while enhancing service quality for Korean tourists in Vietnam. Vu The Binh, Chairman of VITA, said the … [Read more...] about Vietnam, RoK sign MoU to strengthen tourism cooperation
Vietnam’s nine-month GDP increases by 4.24%
Vietnam’s GDP in the first nine months of this year rises by 4.24% year-on-year. (Photo: VNA) Hanoi (VNA) – Vietnam’s gross domestic product (GDP) in the first nine months of this year rose by 4.24% from the same period last year, the General Statistics Office (GSO) announced on September 29. In the third quarter, the country's economic growth rate was estimated at 5.33% compared to the same quarter of 2022. The GSO assessed that although the nine-month growth rate is only higher than those in the same period of 2020 and 2021 in the past 12 years, it showed a positive trend of increasing gradually over the quarters: 3.28% in the first quarter, 4.05% in the second quarter and 5.33% in the third quarter. In the January-September period, the agro-forestry-fishery sector expanded by 3.72%, contributing 8.03% to the total added value of the entire economy. The growth rates of the industrial and construction sector and the service industry were 5.19% and 6.24% with … [Read more...] about Vietnam’s nine-month GDP increases by 4.24%
Defense leader presents gifts to national contributors from Kien Giang
On behalf of the Ministry of National Defense’s leadership, Lieutenant General Le Quang Minh, Deputy Director of the General Department of Political Affairs of the Vietnam People's Army, presided over the meeting. During the meeting, Lieutenant General Le Quang Minh personally inquired after, and on behalf of the Ministry of Defense, presented gifts to 65 national contributors from Kien Giang province who have contributed significantly to the national revolutionary cause. He also shared key highlights of the military's policy work and the gratitude movement that has taken place within the military recently. Addressing the meeting, Mr. Dang Hong Son, Director of the Kien Giang provincial Department of Labor, Invalids and Social Affairs, expressed his thanks for the warm reception of the Ministry of National Defense. He held that in recent years, the Party Organization, authorities, armed forces, and people of Kien Giang have consistently overcome challenges and demonstrated … [Read more...] about Defense leader presents gifts to national contributors from Kien Giang
Villa owners sue Phu Quoc chairman for forced demolitions
Chairman Huynh Quang Hung announced Thursday that he has asked the People's Supreme Court in Ho Chi Minh City to reject a previous decision made by the People's Court in Kien Giang Province, home to Phu Quoc Island. The Kien Giang court ruled last month that chairman Hung violated regulations on coercive demolitions of illegally construction projects when deciding to take down two villas owned by Vu Dinh Khanh and Le Xuan Hong. Khanh and Hong sued the chairman of Phu Quoc, Vietnam's largest island, for causing them asset losses when dismantling villas against the rules. Kien Giang authorities deployed a team to inspect the encroachment of public and forest land on Phu Quoc Island back in early 2022. The inspectors later discovered 2,300 violations, including illegal building of 79 villas, including those of Hong and Khanh. As decided by the province, Phu Quoc had to take down those illegal villas. According to the verdict, Khanh and Hong had built their villas on land … [Read more...] about Villa owners sue Phu Quoc chairman for forced demolitions
SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
An example of a SkyX Solar collaboration with An Phat At a seminar from September 12 to 17, held by the World Sports Goods Industry Federation and the Vietnamese Delegation in Geneva, distinguished brands like Adidas and Decathlon spotlighted Vietnam's crucial role in sustainable manufacturing, praising its robust workforce and rapid assimilation of advanced technologies. Leveraging its National Strategy for Green Growth 2021-2030, Vietnam is making substantial strides towards its sustainable development goals, with an emphasis on evolving its textile and footwear industries by 2035 to align with a circular economic model. This commitment resonates deeply with international sustainability standards, enhancing Vietnam's influence in the sustainable supply chain sector. The role of green certificates – which are emblematic of sustainable and responsible production and the use of renewable energy – is becoming increasingly crucial in today’s market. These certificates are … [Read more...] about SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
Hanoi promotes trade and investment potential to investors
The event was held by Hanoi Centre for Investment, Trade, and Tourism Promotion (HPA) in collaboration with the Hanoi Young Business Association. As many as 100 businesses showcased their products, services, and outstanding technologies during the event, seeking business and investment opportunities with both domestic and foreign companies. Le Tu Luc, deputy head of the HPA, said that the event was organised to introduce Hanoi's investment, trade and tourism promotion achievements, strengthening cooperation between international investors and businesses in Hanoi and the surrounding area. "The HPA's organisation of this event not only helps businesses in Hanoi and the neighbouring provinces introduce their products, but also enables domestic and international businesses to connect and cooperate," he emphasised. Over the past eight months, the city has attracted $2.34 billion worth of foreign investment, accounting for nearly 12.9 per cent of the country's … [Read more...] about Hanoi promotes trade and investment potential to investors
Agro-forestry-fisheries sector posts 22.5% rise in trade surplus
During the period, the total export-import turnover of agro-forestry-aquatic products hit 6.9 billion USD, down 7.5% year-on-year. Of which, nearly 38.5 billion USD was from exports . In September alone, the export revenue of agro-forestry-aquatic products reached 4.8 billion USD, down 2.7% monthly and up 22% annually. China, the US and Japan remained the top three export markets of Vietnam ese farming products. The ministry said, it will continue developing both domestic and export markets, while dealing with market-related issues to create favorable conditions for the export of agro-aquatic products to China, the US, the European Union and the Eurasian Economic Union. It will also help exporters make full use of free trade agreements as well as help firms secure new export contracts, protect trademarks and provide geographical indication for Vietnam's potential export products in foreign markets./. VNA … [Read more...] about Agro-forestry-fisheries sector posts 22.5% rise in trade surplus