As the Lunar New Year festival approaches, cat statues honoring this year’s zodiac animal are popping up in public places across the country, adding to the liveliness of springtime in Vietnam. Vietnamese people will formally celebrate the Tet festival on January 22. The occasion is meant for family gatherings to enjoy traditional foods and exchange good luck wishes. The golden cat figure in Thong Nhat Park, Dong Da District, Hanoi. Photo : Nguyen Bao / Tuoi Tre Floral decorations are an important part while adults typically give 'lucky money' in red envelopes to children to wish them health and outstanding academic results. The fest will last around a week. According to the observation of Tuoi Tre (Youth) newspaper reporters, around downtown Ho Chi Minh City, a large number of cat statues with adorable features and eye-catching hues have been constructed, symbolizing good fortune and reunion. A golden cat carrying money and gold, meant to … [Read more...] about Vietnam ready to welcome Year of Cat with colorful zodiac statues
Phuong 8 bac lieu
Did you know Vietnam is home to Southeast Asia’s first wind farm on continental shelf?
The first wind farm on a continental shelf in Southeast Asia is situated in Vietnam’s Mekong Delta province of Bac Lieu. The 500ha Bac Lieu wind power plant is located in Bien Dong A Hamlet, Vinh Trach Dong Commune, Bac Lieu City. Wind turbines at Bac Lieu Wind Farm in Vinh Trach Dong Commune, Bac Lieu City, Bac Lieu Province, Vietnam. Photo: Tan Luc / Tuoi Tre The venue is home to 62 turbines placed on the sea, with each turbine being about 80m in height and each blade being 42m in length. A close-up of a wind turbine at Bac Lieu Wind Farm in Vinh Trach Dong Commune, Bac Lieu City, Bac Lieu Province, Vietnam. Photo: Tan Luc / Tuoi Tre Wind turbines at Bac Lieu Wind Farm in Vinh Trach Dong Commune, Bac Lieu City, Bac Lieu Province, Vietnam. Photo: Tan Luc / Tuoi Tre It has also become one of the attractions for visitors to the southern province of Bac Lieu. Although it is about 20 kilometers from the center of Bac Lieu City, … [Read more...] about Did you know Vietnam is home to Southeast Asia’s first wind farm on continental shelf?
The keys to economic momentum
The keys to economic momentum. Photo: Shutterstock Michele Wee, CEO of Standard Chartered Vietnam “Maintaining macroeconomic stability” We expect the global economy to slow in 2023 as central banks around the world maintain restrictive monetary policies. We forecast modest global GDP growth of 2.5 per cent in 2023, slowing from an expected 3.4 per cent in 2022. The headwinds that have faced most economies in 2022 are likely to persist in the months ahead, however, we anticipate a recovery to take hold in the second half. Our recent global research report on Vietnam indicates that GDP growth is likely to remain strong in 2023. We still have a conviction about Vietnam’s high-growth potential over the medium term, expecting the growth rate to be 7.2 per cent in 2023 and 6.7 per cent in 2024. While macro indicators moderated somewhat in Q4/2022, they remain largely robust. Retail sales posted solid growth in the second half of 2022, implying improved … [Read more...] about The keys to economic momentum
Mekong Delta develops more OCOP products
A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products
Prime Minister praises Ring Road 4 project’s land clearance
Prime Minister Pham Minh Chinh asked the ministries to quickly resolve the relevant issues to keep the ring road project moving forward as planned. Hanoi and the two provinces of Bac Ninh and Hung Yen have made big progress in land clearance for the construction of the Ring Road 4, Prime Minister Pham Minh Chinh said on January 27. Prime Minister talks to local people that live in the area of the Ring Road 4 on January 27. Photo: Vietnam News Agency At the moment, Hanoi municipal authorities have developed a land clearance plan for the whole 58.2-kilometer stretch of the ring road that runs through Hanoi. The capital has relocated almost two fifths of all the graves found along the ring road. Hung Yen Province has cleared land in Van Giang, Khoai Chau, Yen My and Van Lam districts and moved almost 16% of all graves along the ring road. Meanwhile, Bac Ninh Province does not have a plan to relocate graves and cemeteries in the project area, but Bac Ninh … [Read more...] about Prime Minister praises Ring Road 4 project’s land clearance
New power generation sources proves scant
In light of Decision 2976/QD-BCT dated December 30, 2022 approving Vietnam’s power system supply and operation plan in 2023, of nearly 4,300MW of new power sources be supplemented to the power grid in the new year, there are only two large-scale power plants: Thai Binh II thermos-power plant encompassing two turbines with a combined capacity of 1,200MW and BOT Van Phong thermos-power plant encompassing two turbines with a combined capacity reaching 1,432MW. More power plants are expected to come on stream to feed the country's burgeoning power demands The remainder are mostly hydropower plants with a combined capacity of nearly 1,700MW, and one waste-to-power plant with 30MW annual capacity. In 2022, out of 3,407MW of new power sources to be added throughout the year, there were just three coal-fired power turbine groups with a total combined capacity approximating 2,000MW, the remainder are all small to medium-size hydropower plants. The power sources structure … [Read more...] about New power generation sources proves scant
Mangrove forests – a destination worth exploring in Ca Mau
Hon Da Bac (Da Bac Islet), a beautiful landscape in Binh Khanh Tay commune of Ca Mau’s Tran Van Thoi district, attracts hundreds of thousands of visitors each year. (Photo: VNA) Ca Mau (VNA) – Ca Mau province forms the southernmost part of Vietnam and is located in the Mekong Delta . Its eastern side borders the East Sea while the western and southern sides face the Gulf of Thailand , and the north is adjacent to Bac Lieu and Kien Giang provinces. Ca Mau mangrove forest is the second largest of its kind in the world, following Amazon in South America. It covers more than 63,000 hectares in six districts – Dam Doi, Phu Tan, Tran Van Thoi, U Minh, Ngoc Hien, and Nam Can. The majority of its area is located in the Mui Ca Mau (Ca Mau Cape) World Biosphere Reserve, while 15,000 hectares is in the Mui Ca Mau National Park. VNA … [Read more...] about Mangrove forests – a destination worth exploring in Ca Mau
Newly-announced ceiling prices insufficient to cover costs: project developers
Hoa Binh 5 Wind Farm in Bac Lieu Province. Project developers said the ceiling prices are insufficient for their farms to break even. — VNA/VNS Photo Many project developers are expressing concern that the ceiling prices for solar and wind energy set recently by the Ministry of Industry and Trade are not high enough to offset their costs. The representative of four wind farms in Gia Lai Province Tran Minh Tien remarked that the construction of the wind farms was completed a year ago but they have been idle due to the absence of official purchasing prices. "We have spent US$300 million to build our wind farms that have been lying dormant for one year. Meanwhile, interest payments and depreciated costs pile up day by day," said Tien. The introduction of the ceiling prices did not make the representative any happier because it is never easy to negotiate an agreement with Vietnam Electricity (EVN), under which the power corporation purchases electricity from the wind farms at … [Read more...] about Newly-announced ceiling prices insufficient to cover costs: project developers
Ill family burdened by debt
A family with three sick members in Hanoi are in need of financial support to cover medical costs. Nguyen Van Thanh has colon cancer Nguyen Van Thanh had to call for community help to overcome the difficulties. He has colon cancer and suffers from constant pain. As his daughter started crying nearby, he tried to reach out to hold her. "My wife just went out to buy medicines," he said. "The pain is especially crushing today." Tran Thi Cuong, Thanh's wife, said they met in 2007 and quickly got married afterwards. Thanh doesn't know who his father is and his mother abandoned him at three years old. He lived with his old grandfather. When he got married, his uncle let them live in a small house. Tran Thi Cuong and her second child After giving birth to the first child, Cuong was diagnosed with heart disease. She can't do hard work and need heart surgery as soon as possible. However, the whole family depends on the little incomes from selling vegetables, … [Read more...] about Ill family burdened by debt
Vietnam against Indonesia for Davis Cup World Group II berth
Ly Hoang Nam and his team will play against Indonesia for Davis Cup World Group II berth. (Photo: VNA) Hanoi – According to the Vietnam Tennis Federation (VTF), Vietnam will play Indonesia in the 2023 Davis Cup World Group II Play-offs on February 4-5 at the Hanaka Paris Ocean Park in the northern province of Bac Ninh. No. 68 Vietnam features national top player Ly Hoang Nam, Le Quoc Khanh, Pham Minh Tuan, Nguyen Van Phuong and Nguyen Dac Tien. Among them, Nam shoulders a heavy task as he is the highest-placed, at No. 247 in single rankings and No. 944 in doubles. Players will compete in five matches. Two singles will be held in the first day while one single and two doubles are on the next day. The winners of the three matches will advance to the main round of Group II in September while the losers will be dropped to the Group III Asia-Oceania competition. Meanwhile, world No. 62 Indonesia will feature its player Christopher Rungkat. The 33-year-old was ranked No. 241 in … [Read more...] about Vietnam against Indonesia for Davis Cup World Group II berth