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Hungary was the first European Union state to approve the EU-Vietnam Investment Protection Agreement (EVIPA). Vietnam and Hungary are expected to sign an agreement on cooperation between the two parliaments in replacement of the one inked in 2008. Chairman of Vietnam’s National Assembly Vuong Dinh Hue and István Jakab, Deputy Speaker of the National Assembly of Hungary, in Budapest on June 26 (local time). Photos: VNA The agreement would be signed during the visit to Budapest by Chairman of Vietnam’s National Assembly Vuong Dinh Hue on June 26-28 at the invitation of Speaker of Hungary’s National Assembly László Kövér. The parliamentary cooperation is evidence of the Comprehensive Partnership agreed in 2018 during the visit paid by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong to the European country. The cooperation agreement is believed to cover three main fields namely the exchange of visits of high-profile officials and … [Read more...] about Vietnam, Hungary to sign new parliamentary cooperation agreement

The index closed 17.34 points higher after losing 3.4 points Friday. Trading on the Ho Chi Minh Stock Exchange increased by nearly 21 percent to VND12.32 trillion ($529.7 million). The VN-30 basket, comprising the 30 largest capped stocks, surged to the highest in a week with 26 tickers gaining. SSI of leading brokerage SSI Securities rose 6.7 percent, extending its gaining streak to the fourth session in a row. NVL of real estate developer Novaland closed 6.5 percent higher, with trading value highest since last December. Other winners included PNJ of Phu Nhuan Jewelry, up 6.1 percent, and HPG of steelmaker Hoa Phat, up 5 percent. Four bucked the trend, led by VIC of Vietnam's biggest conglomerate Vingroup JSC with a 1.1 percent drop. The ticker is now at a 27-month low, having fallen 42 percent from its peak last April. VNM of dairy giant Vinamilk, and MWG of electronics retailer Mobile World both lost 0.6 percent. VCB of the largest state-owned lender Vietcombank … [Read more...] about Blue chip stocks hit weekly high

Five talents were revealed at the final of the football talent recruitment tournament hosted by Red Bull and HAGL FC Through the event, the young gifted footballers got the chance to show off their talent and passion, approach professional vocations, unleash positivity, and ignite their inner strength. The tournament is among the efforts of the long-term growth commitment of TCP Group in Vietnam. The finals were conducted on June 26 at the Seventh Military Region Stadium in Ho Chi Minh City, drawing over 5,000 fans. Saravoot Yoovidhya, CEO of TCP Group stated, “I am really glad to witness the positive and energetic atmosphere during the finals of the tournament. The love of football, the great atmosphere, and the fearlessness of talents spread positivity throughout the community. This is also TCP Group's purpose, which is to energise everyone to boldly and happily conquer all obstacles, making a better world for all." In the finals, 20 chosen talents from the local … [Read more...] about Red Bull and HAGL FC tournament reveal five fresh football talents

Inside a factory of Hoa Phat Group (HPG). HPG increased 5 per cent on Monday. — VNA/VNS Photo Vietnamese shares on Monday surpassed the 1,200-point mark, underpinned by steel and banking stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.46 per cent, to 1,202.82 points. The benchmark last week registered a weekly decrease of 2.6 per cent. Nearly 527 million shares were traded on the southern bourse, equivalent to VND12.3 trillion (US$529 million). Market breadth was positive with 116 losers and 340 gainers. In the banking group, most of the stocks gained ground including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB) and Saigon-Hanoi Commercial JS Bank (SHB), and Tien Phong Bank (TPB). Vietcombank (VCB) was the only decliner in the group. Steel stocks also attracted cash flow with gainers including Hoa Sen Group (HSG) rising 5.3 per … [Read more...] about Market surpasses 1,200-point mark thanks to steel, banking stocks

COVID-19 vaccine (Photo: VNA) Hanoi (VNA) – Vietnam recorded 653 new cases of COVID-19 and 9,351 recoveries in the past 24 hours from 4pm June 24 to 4pm June 25, according to the Ministry of Health . Hanoi still reported the highest number of infections on the day with 169 cases, followed by Bac Ninh with 53 and Phu Tho with 45. The national caseload reached 10,742,891. A total 5,239 COVID-19 patients were given the all clear on June 24, bringing the number of recoveries so far to 9,642,514. There are 34 patients in serious conditions needing breathing support. No death from COVID-19 was recorded in the past 24 hours. The total fatalities stood at 43,084. On June 24, 722,191 doses of vaccines were administered, raising the total number of doses of COVID-19 vaccines injected to 229,206,194./. VNA … [Read more...] about COVID-19: Vietnam reports 657 new cases, nearly 5,240 recoveries on June 25

Hanoi authorities’ campaigns to solve sidewalk encroachment caused by street hawkers on the banks of the West Lake have proved to be water off a duck’s back as the issue recurs after every crackdown. The West Lake, which is the capital’s biggest freshwater reservoir located in Tay Ho District, has long been a favorite spot for young people to hang out, leading to the emergence of street stalls along its banks. Street hawkers rake in money from visitors to the lake by displaying their wares on the banks to sell street food and beverages even though that means the sidewalk there is partly or completely blocked. The encroachment has prompted local authorities to roll out multiple crackdowns, which have turned out to be wasted labor as the street stalls crept back in a few days. Young people enjoy beverages at a lakeside stall illegally established on the sidewalk of a street along the West Lake in Tay Ho District, Hanoi, June 25, 2022. Photo: Pham Tuan / Tuoi Tre … [Read more...] about Crackdown on sidewalk encroachment along West Lake’s banks a wasted effort in Hanoi

Hue said that the Vietnamese N.A. high-ranking delegation's ongoing official visit to Hungary aims to further promote and deepen the comprehensive partnership between the two countries and cooperation between the two parliaments in particular, opening up new prospects in bilateral relations as well as stronger coordination between the two countries at regional and international forums amid complicated global developments. Highlighting the traditional friendship and all-round partnership between the two countries over the past 70 years, the top legislator clarified that Vietnam always treasures and hopes to further bolster multifaceted ties with Hungary – the first comprehensive partner of Vietnam in Central and Eastern Europe. For his part, László reviewed major milestones of the Hungary-Vietnam Friendship Association’s development since it was established in 1989, and highlighted a number of activities that the association has carried out recently and its plans to promote the … [Read more...] about N.A. Chairman receives Hungary-Vietnam Friendship Association’s leaders

Tourists visiting Hue City in Thua Thien-Hue Province should stand next to the Huong (Perfume) River and take a deep breath, while listening to the honeyed voice of Hue residents. They will truly feel how lovely Hue is. Hue’s climate is so special. It is scorching in summer, which lasts from March to August, while temperatures plunge in winter and turns quite cool in spring, which is from January to March. The rainy season in Hue, located in central Vietnam, lasts from October to January. Thuy Xuan Incense Village is a popular destination for the youth in Hue. Situated on Huyen Tran Cong Chua Street and around seven kilometers from the center of the city, it takes 15 minutes to travel to the village by motorbike. The village attracts tourists with colorful incense bunches. Tourists can buy conical leaf hats and use them as an accessory to take photos or give them as a souvenir. Photo: Ngoc Quyen / Tuoi Tre Tourists from large cities can come to Hue by plane, … [Read more...] about Picturesque nature, delicious food call tourists to Hue

A view of the first Wink Hotel in HCM City. The developer will complete its goal of building 20 Wink hotels across the country within the next 5-7 years. — Photo courtesy of the firm Despite the negative impact of the COVID-19 pandemic that paralysed the tourism industry, project developer Indochina Kajima persisted in its goal of building 20 Wink Hotels across the country. Michael Piro, CEO of Wink Hotels, said that after the first Wink hotel with 237 rooms opened in HCM City early last year, the second hotel is expected to open in November this year in the central Da Nang City with 243 rooms. There will be another Wink hotel expected to welcome visitors next summer in this coastal city. In Ha Noi, two hotels will be built on Thuy Khue and Pham Hung streets as well as others in Phu Yen, Can Tho and Hai Phong. Piro said that at the current rate of development, Indochina Kajima would complete its goal of building 20 Wink hotels across the country within the next 5-7 years, … [Read more...] about Wink Hotels holds ambition to create a revolution in the hotel industry

The 90,000 euros (around VND2.5 billion) lab is intended to support research projects, in the field of future mobility. The facility is equipped with Continuously Variable Transmission models and test benches, a practice room for intensive research, and other supporting teaching and training tools and machinery. This collaboration will also see experienced engineers from Bosch comes on board as mentors to students in their training and research development besides conducting knowledge exchange sessions in the form of talks and seminars. Additionally, students of HCMUTE are also open to interning at Bosch. This underscores Bosch’s commitment to developing talent and innovation in the region. “Education is our priority, and the young generation is at the heart of Bosch’s development strategy,” said Guru Mallikarjuna, managing director of Bosch Vietnam. “By investing in educational programs in general and the laboratories at HCMUTE and HCMUT, Bosch aims to create sufficient … [Read more...] about Bosch opens ‘Bosch Transmission Lab’ at HCMUTE