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A condotel project developed by Nam Long Investment Joint Stock Company (NLG). NLG has approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion, expected to be implemented in the third quarter of this year. — Photo courtesy of NLG Real estate companies are continuously announcing plans to issue bonds to raise capital. The Board of Directors of Nam Long Investment Joint Stock Company (NLG) on September 19 approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion (US$21.2 million), expected to be implemented in the third quarter of this year. The bond lot is a non-convertible bond, with a term of five years, without warrants, with an expected interest rate of 9.6 per cent per year. With the proceeds, Nam Long will use them to invest in the Nam Long 2 Residential Area project in Nam Cần Thơ Urban Area, Cần Thơ City. The project has a total investment capital of VNĐ500 billion; total area of 43.8 hectares. In mid-February … [Read more...] about Realty firms look to raise capital via bonds

Many young people around Việt Nam have created start-ups by harnessing local natural resources. — Photo nld.com.vn More and more start-ups by young people in rural areas are capitalising on the rich and diverse local resources. Đặng Dương Minh Hoàng, director of the Bình Phước Province Digital Agricultural Service Cooperative, said they are developing rapidly thanks to a trend of people leaving cities for the countryside and improving traffic connectivity and technologies. "Many young people leave the city with some capital, land from their families and connections to start a business. “This generation will create a change in the countryside because they create new products from these indigenous resources and have an understanding of market demand in the cities.” Provinces have many training programmes to promote rural start-up eco-systems, start-up communities are being created and they shared experiences to develop together, he said. Trần Đăng Đạt, co-founder of Đạt … [Read more...] about Việt Nam’s abundant indigenous resources help foster start-ups

To date, carbon emissions from building operations have reached an all-time high of around 10 gigatons of CO 2 . This figure is an increase of about 5 per cent compared to 2020 and 2 per cent higher than the previous peak in 2019. Therefore, reducing carbon emissions in construction projects plays an essential role in achieving an overall reduction. The World Green Building Council (WGBC) has developed a vision and action framework up to 2030. In particular, all newly built construction projects must have zero operational carbon and reduce their associated energy by 40 per cent in terms of embodied carbon. By 2050, all buildings (both existing and new) must achieve-zero operational carbon, with new constructions having to achieve zero carbon content. Measured over the entire life cycle of the building, a zero-carbon construction is one with zero operating and zero embodied carbon. Diamond Lotus Riverside by PKP has been researched and applied many strategies to reduce … [Read more...] about Phuc Khang applies green building standards to reduce carbon emissions

“In recent times, state-owned enterprises (SOEs) haven’t been contributing as much as they once did,” said Phan Van Mai, Chairman of the People’s Committee of Ho Chi Minh City, at last week’s national conference to address SOE production, business, and investment improvements. In Ho Chi Minh City alone, there are almost 50 SOEs. As of July, these enterprises boasted total assets of $4.43 billion with an equity capital of $3.16 billion. Their collective revenues for the first six months stood at $1.33 billion, with a profit of $205 million. Harnessing the vast resources of these SOEs is imperative for Ho Chi Minh City’s economic growth, Mai stressed, adding that the private sector, inclusive of both private domestic groups and foreign direct investment, have also been expected, and even tasked, to stimulate economic growth. Such a predicament is not solely Ho Chi Minh City’s cross to bear. The decline has echoes globally, influenced by international economic instability, political … [Read more...] about State-owned groups keen on roadmaps for reform

At the forum, held also thanks to the Swiss State Secretariat for Economic Affairs and the Australian Department of Foreign Affairs and Trade, speakers emphasised the substantial challenges faced by the climate finance sector in Vietnam in aligning significant investment opportunities with environmental objectives. This sentiment was shared by Allen Forlemu, the IFC's regional industry director for Financial Institutions Group, Asia-Pacific, when he said, “It is evident that climate change is an increasingly disruptive factor for Vietnam's economy, and the costs are already starting to undermine growth. In 2020, Vietnam lost $10 billion, or 3.2 per cent of its GDP, to climate change impacts.” “If nothing is done, costs will only rise. In a business-as-usual scenario with limited global mitigation efforts, climate change could cost Vietnam up to 14.5 per cent of GDP annually in roughly 30 years, with the potential to push a million people into extreme poverty in less than a decade,” … [Read more...] about Forum discusses impact of climate change

If proper efforts are made, using film to promote tourism in Nha Trang might be successful. The coastal province of Khanh Hoa is like a miniature Vietnam, with diverse cultures, natural conditions and historical buildings. In addition, Khanh Hoa hosts popular film festivals and events that bring together actors and directors from other countries, boosting tourism and becoming an attractive destination like Cannes in France, Busan in South Korea, and Hollywood in the US. Do Le Hung Tu, Chairman of the Vietnam Film Association, shared the view following the success of the 2023 edition of the Golden Kite Film Award , which ended this month. The aerial view of Nha Trang City. Photo: Khanh Hoa Tourism Department Echoing Tu, Ta Quang Dong, Deputy Minister of Culture, Sports and Tourism said the Golden Kite Film Award is a great opportunity for experts and managers to work together and create new cultural projects to make Khanh Hoa's Nha Trang City a popular … [Read more...] about Nha Trang promises to be a city of cinema tourism

An overview of the meeting between Prime Minister Pham Minh Chinh and Brazilian businesses . (Photo: VNA) Sao Paulo (VNA) – Prime Minister Pham Minh Chinh on September 24 asked Vietnamese and Brazilian businesses to concretise cooperation mechanisms with specific programmes and projects, with an aim to bring two-way trade turnover to 10 billion USD by 2025, and 15-20 billion USD by 2030 in a more balanced direction. PM Chinh, who is in an official visit to the South American country, stressed that after nearly 35 years of the establishment of diplomatic ties, the bilateral relations have developed positively in all fields. Vietnam and Brazil are currently each other's largest trading partner in Southeast Asia and South America, with their trade turnover reaching a record level of about 6.78 billion USD in 2022, up 6.6% year-on-year, and by threefold in the past decade. However, investment cooperation remains very modest, as Brazil currently has six valid projects … [Read more...] about Vietnamese, Brazilian firms asked to work together to raise trade to 10 billion USD

Cashew nuts packed at a factory in Bình Phước Province. — VNA/VNS Photo Cashew exports are likely to strongly rebound by the end of the year after significant growth in both volume and value in the past eight months of this year, industry insiders have said. Data from the Việt Nam Cashew Association shows that in August, the country exported nearly 64,000 tonnes of cashew nut, earning a turnover of US$343.4 million, an increase of over 38 per cent in volume and nearly 32 per cent in value. The latest addition had brought its cashew nut exports over the past eight months of this year up to 400,000 tonnes in total with a value of over $2.25 billion, up 16 per cent in quantity and 13 per cent in quality. Raw cashew imports also increased significantly over the past eight months, 21 per cent higher than the yearly target, according to the association. In August alone, the country spent $370.4 million in importing over 367,200 tonnes of raw cashew, marking yearly hikes of 87 per … [Read more...] about Cashew exports predicted to strongly rebound by the year-end

Old artifacts are not only valuable, but also a keepsake for many families. Many people would be extremely sad if an artifact was damaged for some reason. In such cases, they may eventually find their way to an expert like Nguyen Khac Duy. Ten years ago, the man, now 34, who lives in Sa Dec City in the Mekong Delta province of Dong Thap, returned to his hometown after completing his military service and assisted his family business in trading artifacts. Noticing that the supply of artifacts was dwindling over time, Duy thought of finding solutions to repair damaged items, which would allow his family to sustain their business for a long time to come. Giving old things a second life In the early days of trying to repair damaged artifacts, Duy's lack of confidence meant he only fixed his own artifacts for fear of further harming customers’ precious items. However, after some time, as the artifacts he repaired became more common, more and more collectors came to ask him to … [Read more...] about In Vietnam, man gives artifacts a second life

Gen. Cuong made the statement while chairing a conference to review the building, training, operation, and guarantee activities for standing militia squadrons, held on September 22. Reportedly, over the past time, agencies, units, localities have actively coordinated to carry out the project on building standing militia squadron to safeguard national sovereignty over sea and islands in the new situation. Such squadrons have undergone training with flying color results. Through training, they have gradually mastered provided weapons and equipment, effectively used fishing gear. Notably, training contents have been close to reality of each locality, particular in implementing civil defensive and search and rescue tasks. Addressing the event, Gen. Cuong emphasized that though the standing militia squadrons have newly been established and tasked with new duties, they have initially achieved good results. Their organization of ships to go out to sea for fishing, performance of patrols, … [Read more...] about Conference emphasizes the need to build standing militia squadron