Ho Chi Minh City’s economic growth will be more positive this quarter with the gross regional domestic product (GRDP) growth estimated at 5.87 percent, well above the modest 0.7 percent last quarter, chairman of the municipal People’s Committee Phan Van Mai said during a group discussion on Tuesday at the ongoing National Assembly (NA) sitting. With this result, the city may achieve an economic growth rate of 3.55 percent in the first half of the year, chairman Mai cited statistics from the General Statistics Office as saying at a group discussion on a draft resolution on piloting breakthrough policies for Ho Chi Minh City. The city’s industry and construction sector was forecast to improve 4.77 percent this quarter and 0.8 percent in the first half of the year as a whole. The sector fell 3.6 percent last quarter. Meanwhile, the service sector was expected to surge 7.16 and 4.96 percent this quarter and the first half, respectively. “This results from great efforts of the … [Read more...] about Ho Chi Minh City’s economic growth projected at 5.87 percent in Q2
Phan van hon
“Red Sunday” program collects over 450 blood units
The 15th edition was part of the emulation program of the military youths in general and of the VMMU youth in particular in celebration of the 133rd birthday anniversary of President Ho Chi Minh (May 19, 1890 - 2023), and towards 75 years since President Ho Chi Minh issued a call for patriotic emulation (June 11, 1948 - 2023). Addressing the event, Senior Colonel Doan Van Mau, Deputy Political Director of the VMMU, stressed that over the past time, the university’s Party Committee and Board of Directors have actively directed the establishment of a steering board on voluntary blood donation with Youth Union members and youths as the core of the blood donation program. The steering board has proactively disseminated information to the university’s cadres, Youth Union members and youths to raise their awareness of the noble significance of the voluntary blood donation activities, promote their sharing and stay ready to donate blood to save lives. The school’s official emphasized that … [Read more...] about “Red Sunday” program collects over 450 blood units
Various activities held for Agent Orange/Dioxin victims and national contributors
The program was jointly organized by the Central Committee of the Vietnam Association of Victims of AO/Dioxin, the Green Leaf Charity Fund of Dong Cao Pagoda (Thai Binh province), Thai Nam Property Management and Development Joint Stock Company, and the Associations of AO/Dioxin victims in Hai Duong and Thai Binh provinces. In Hai Duong, the organizing panel presented 100 gift packages, worth VND 700,000 each, to AO victims in the districts of Binh Giang, Thanh Mien, and Gia Loc while in Thai Binh province, the organizers gave 100 gifts to AO victims in Thai Thuy and Kien Xuong districts. At the event, local authorities and benefactors expressed their hope that in the coming time, there would be more enterprises and individuals accompanying the program to support AO victims and needy people to stabilize their lives. * On the same day, the Lam Dong provincial Military Command held a ceremony to start the construction of a gratitude house for the family of a national contributor in … [Read more...] about Various activities held for Agent Orange/Dioxin victims and national contributors
Ninh Thuan to set off fireworks to welcome grape – wine festival
Ninh Thuan to set off firework s to welcome grape – wine festival (Photo: VNA) Ninh Thuan (VNA) – The south central province of Ninh Thuan will hold a 15- minute firework display to welcome the Grape - Wine Festival 2023 and the ceremony to receive a certificate from UNESCO recognising the pottery-making art of the Cham ethnic minority people as Intangible Cultural Heritage in Need of Urgent Safeguarding. Vice Chairman of the provincial People's Committee Nguyen Long Bien said that the festival, running from June 13-18, are an important and meaningful event for Ninh Thuan to attract more tourists, thereby turning tourism into a spearhead economic sector with sustainable development in the coming years. Themed “Ninh Thuan – The land of convergence of different values”, spectators will have a chance to enjoy a low-range firework display in the opening night of the festival which is slated for June 16, 2023 at April 16 Square. According to Nguyen Van Hoa, Director … [Read more...] about Ninh Thuan to set off fireworks to welcome grape – wine festival
Writer Tran Duc Tien wins “Cricket Knight” Prize 2023
General Director of the Vietnam News Agency (VNA) Vu Viet Trang (R) hands over the prize to writer Tran Duc Tien at the ceremony. (Photo: VNA) Hanoi (VNA) – Writer Tran Duc Tien was awarded the “Hiep si De Men” (Cricket Knight) Prize at the presentation ceremony for the fourth "De Men Award for Children" 2023 in Hanoi on May 31. De Men Award for Children ". The Cricket Desire Prize is presented to the winners. (Photo: VNA) Four winners of the "Khát vọng Dế Mèn" (Cricket Desire) Prize were also named, including a collection of paintings by 11-year-old Hoang Nhat Quang from Lang Son province; "Ông Ba Bị và những đứa trẻ trong mơ" (Mr. Ba Bi and the Children in Dreams, a long story by Lac An; "Ở một nơi có rất nhiều rồng" (In a Place with Many Dragons, a draft of a long story by Moc An; and "Vua ngan xóm hồ" (The King of the Duckweed Village, a draft of a long story by writer Uong Trieu. The prizes are granted to young artists (Photo: VNA) As scheduled, The … [Read more...] about Writer Tran Duc Tien wins “Cricket Knight” Prize 2023
Localities in Mekong Delta augment efforts against IUU fishing
Border guards of Ca Mau province examine a fishing vessel. (Photo: VNA) HCM City (VNA) – In efforts to persuade the European Commission to lift the “yellow card” warning, localities in the Mekong Delta have been taking strong and concerted measures to eradicate illegal, unreported and unregulated (IUU) fishing and help the fisheries sector develop sustainably. In Soc Trang province, the Sub-department of Fisheries said it has coordinated with the provincial Department of Information and Communications to step up checking vessel monitoring systems (VMS) installed on fishing boats and asked VMS suppliers to make timely repair if there are any breakdowns. So far, all fishing vessels over 15m long in Soc Trang have been equipped with smoothly operating VMS. The province’s Border Guard Command has also ordered local border guard posts to intensify the dissemination of the 2017 Law on Fisheries and others to fishermen. As a result, 368 vessels operating in deep-sea … [Read more...] about Localities in Mekong Delta augment efforts against IUU fishing
Saigon Hi-Tech Park partners with US firm to improve IC design capability
At the signing ceremony (Photo: VNA) HCM City, (VNA) – The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City and Cadence Design Systems , a multinational computational software company of the US, on May 30 signed a memorandum of understanding on cooperation in developing electronic design manpower and promoting the semiconductor industry in Vietnam. Under this partnership, Cadence, a world leading company in electronic design, can provide integrated circuit (IC) design software tools and related training programmes for universities in HCM City via its academic network. Nguyen Anh Thi, head of the SHTP management board, said the cooperation with Cadence will give local students a chance to access the latest technologies and methodologies in IC and system design, and acquire practical experience that will help them succeed in the high-tech industry. It will also help strengthen the capability of the SHTP Chip Design Centre, thus contributing to the local semiconductor … [Read more...] about Saigon Hi-Tech Park partners with US firm to improve IC design capability
Hanoi to become processed goods export hub
Building high-tech agricultural models, integrating production chains, connecting regions, and establishing processing facilities for export are all necessary for agricultural production in Hanoi. Hanoi is poised to become a center for processed goods for export, said Hoang Thi Hoa, director of the Hanoi Agriculture Development Center under the Hanoi Department of Agriculture and Rural Development, in an interview with Hanoimoi newspaper. Clean farm production at Japan & Vietnam Vegetable Fruit Company. Photo: Phuong Nga/ The Hanoi Times How do you assess the current prospects of Hanoi's agricultural exports? Based on its relatively large arable land , Hanoi is building a modern agriculture sector by applying advanced digital technology to create quality products that meet consumer and export needs. Over the years, Hanoi has promoted importing several items, including fruits, wood and wood products, and some processed goods. Specifically, … [Read more...] about Hanoi to become processed goods export hub
Local banks seek foreign funding
Meanwhile, in late July or early August, VPBank is set to receive over $140 million from its arrangement to sell a 15 per cent stake to Japanese partner SMBC. The bank received a deposit equal to $156 million from the Japanes bank in mid-April. Many other lenders are currently mulling over plans to sell a stake in their businesses to foreign investors, with deals values at billions of US dollars. The most eminent among those involve Vietcombank and BIDV. Vietcombank is mulling over a private placement of over 307 million shares between 2023-2024 to a foreign financier. Assuming that the purchase price is set at around $4 a share, as was the ticker price at the close of business last week, the state lender would acquire approximately $1.2 billion from any deal. Besides selling stakes in the banks themselves, many local commercial lenders are being proactive in seeking foreign funding. Similarly, BIDV is seeking to sell a 9 per cent stake equal to over 455 million … [Read more...] about Local banks seek foreign funding
HCM City eyes jump in economic growth to 5.87% in Q2
HCM City’s economic growth is expected to climb to 5.87 per cent in the second quarter of 2023, its leader has said. A view of HCM City at night. The city is expected to face economic headwinds during the rest of this year. — VNA/VNS Photo It was only 0.7 per cent in the first quarter. Speaking at a meeting on Tuesday, Phan Văn Mãi, chairman of its People’s Committee, said its economic growth in the first half is expected to be 3.55 per cent. Public spending in the first five months is expected to be worth VNĐ10.2 trillion (US$436.4 million), up 24 per cent year-on-year, he said. The global economic decline and high inflation will continue to affect the city’s economy across the board, hindering its recovery, he said. In May, the index of industrial production (IIP) rose by an estimated 1.5 per cent month-on-month and 5.5 per cent year-on-year. It was up 1.6 per cent year-on-year in the first five months. The services sector is expected to post the … [Read more...] about HCM City eyes jump in economic growth to 5.87% in Q2