Quoc nam tran

With the recent inauguration of many pedestrian streets, themed spaces, and night tours, authorities in Hanoi hope to give the city’s night economy a major boost. Every evening at about 7:00 pm, Hanoi’s Old Quarter begins to bustle with tourists rushing between shops, food stalls, and entertainment venues. The Old Quarter’s evening rush holds such a footing in Hanoian culture that nicknames have even been given to certain areas. The intersection of Ta Hien and Luong Ngoc Quyen Streets, for example, is affectionately called 'International Intersection' while Ta Hien Street is known as 'Beer Street,' Gam Cau Street is known as 'BBQ Street,' To Lich street is called 'Mixed Fruit Street,' and Tong Duy Tan Street is dubbed 'Food Street.' Weekends in the Old Quarter are especially busy, with groups of tourists and locals gathering in the area for entertainment and food, art performance venues, and karaoke parlors. The pedestrian street around Hoan Kiem Lake has also been a major … [Read more...] about Hanoi seeks to develop night economy

An investor watching stocks' movements at a trading floor of SSI Securities in Ha Noi. — VNS Photo Doan Tung In the first half of 2022, both market's benchmark index and liquidity plunged sharply, with the VN-Index posting a dip of over 20 per cent, making it one of the world's worst-performing stock markets. Market capitalisation lost over US$53 billion In the first six months of this year, especially from April until now, the Vietnamese stock market has witnessed a significant decline and fell below the 1,200 threshold as bottom-fishing demand was not strong enough. After six months, VN-Index plummeted by 20 per cent, while the HNX-Index recorded a decrease of 41.4 per cent year-on-year. According to China-based stock database Stockq, a drop of more than 20 per cent has made the VN-Index one of the worst-performing stock indices in the world during that period. Data from Bloomberg showed that the benchmark closed June at 1.1976 points, equivalent to a price to earning … [Read more...] about Viet Nam among world’s worst performing stock markets in first half

SBV’s headquarters in Ha Noi. In the trading session on June 21, the SBV sold VND200 billion of seven-day bills at an interest rate of 0.3 per cent per year. — Photo SBV The State Bank of Viet Nam (SBV) has used the bill issue channel again to net withdraw money out of the banking system for the first time since June 2020. Previously, the SBV ceased the bill issue to keep the banking system’s liquidity surplus so as to actively help interest rates stay at very low levels to support the economy amid the COVID-19 pandemic. Accordingly, in the trading session on June 21, the SBV sold VND200 billion of seven-day bills at an interest rate of 0.3 per cent per year, equivalent to a net withdrawal of VND200 billion out of the market. According to Tran Ngoc Bau, founder and CEO of data provider WiGroup, when the banking system has a surplus of money, interbank interest rates will drop sharply. If it falls to the floor rate set by the SBV, the SBV will issue bills to withdraw cash to … [Read more...] about Central bank resumes bill issue channel to net withdraw money

The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. AEON Group, the Japanese retailer, expected to sell about 30 tons of fresh lychee and 2.5 tons of fresh bananas from Vietnam during the three-day Vietnamese Goods Week in Japan. The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. A number of Vietnamese fresh lychee are sold at AEON supermarket. Photo: congthuong.vn "Last year, we imported  five tons of fresh lychee from Vietnam and sold it only in large supermarkets. However, this year, we imported up to 22 tons of lychee and sold them in all AEON supermarkets throughout Japan," Soichi Okazaki, Executive Director of ASEAN Business at AEON, told the Vietnam News Agency . Okazaki added that Vietnamese lychee is very fragrant and … [Read more...] about Some 30 tons of fresh lychee sold at Vietnamese Goods Week in Japan

Chairman of Ho Chi Minh City People's Committee Phan Van Mai signs a regulation on the construction coordination of the Ring Road 3 Project in Ho Chi Minh City with leaders of three provinces of Long An, Binh Duong and Dong Nai at the conference. Regarding the investment capital, the HCMC People’s Committee submitted to the Prime Minister an adjustment of the central budget capital of VND17,146 billion (US$734.5 million) from the Ministry of Transport and allocated the unallocated central budget capital of VND 14,233 billion (US$610 million) to the provinces and HCMC for timely project implementation. Speaking at the conference, Director of Ho Chi Minh City Department of Transport Tran Quang Lam said that the People's Committees of three provinces and HCMC have directed departments, relevant agencies and units to implement component projects according to the assigned timelines under the direction of Deputy Prime Minister Le Van Thanh. Specifically, the Ring Road 3 investment and … [Read more...] about HCMC, three localities strengthen coordination to promptly implement Ring Road 3

General Nguyen Chi Thanh Museum is built on an area of 650sq.m at 144, Dang Thai Than Street, Thuan Hoa ward, Hue City. The museum displays around 400 documents, artifacts and photos briefing the life and revolutionary career of General Nguyen Chi Thanh and his contribution to Thua Thien Hue’s revolution in particular and to the resistance war for national independence and freedom and socialism building in the North in general. The displayed documents, artifacts and photos are divided into themes, namely hometown, families, revolutionary career, General Nguyen Chi Thanh’s important milestones, and gratitude of his families, hometown and nation to the late General. Of the displays, there are photos, documents and artifacts made public for the first time. They include General Nguyen Chie Thanh’s writings about military building, fighting against individualism, and agriculture. On the occasion, the General Department of Political Affairs presented a set of books about General Nguyen … [Read more...] about General Nguyen Chi Thanh Museum opens up to visitors

The event was attended by Deputy Chief of the General Department of Political Affairs Lieutenant General Trinh Van Quyet, Deputy Chief of the General Staff Lieutenant General Nguyen Trong Binh and leaders of agencies and units under the Ministry of National Defense. At the event, delegates watched videos briefing the military’s implementation of military and defense missions in the first half of this year and introducing new scientific and technological products developed by units in the whole military over the past time. Both videos were jointly made by the Office of the Ministry of National Defense, the Department of Military Science, and the Military Broadcasting Center. Speaking at the conference, Senior Lieutenant General Nguyen Tan Cuong praised relevant agencies for their coordination in making the videos. The chief of the General Staff asked relevant agencies to collect delegates’ opinions to complete the videos. He urged the agencies to add more photos of troops’ … [Read more...] about Preparations for whole military politico-military conference reviewed

The event was held by the Vietnam Women’s Union (VWU) to celebrate the two countries’ Solidarity and Friendship Year 2022. On behalf of the President of Vietnam, the VWU presented the third-class Independence Order to three individuals, the third-class Labor Order to one collective, the Friendship Order to 15 collectives and three individuals, and the Friendship Medal to two individuals of the LWU in recognition of their major contribution to the traditional friendship, special solidarity, and comprehensive cooperation between the two parties and states. On this occasion, the two unions signed a cooperation agreement for 2022 - 2027, showing their wish and determination to promote relations via more practical and effective activities in the next five years. So far, the VWU chapters in 15 Vietnamese localities have had cooperation deals and activities with 13 localities and partners of Laos. Their joint activities include sharing experience in women affairs, developing livelihoods … [Read more...] about Collectives, individuals of Lao Women’s Union honored with Vietnam’s orders, medals

Representatives of 29 tourism businesses from Ha Noi, HCM City and the north-central region signed agreements to link tourism development on July 1 in Nghe An Province. — VNA/VNS Photo Van Ty Tourism links would boost activity in each locality, contribute to the promotion of local tourism brands in the domestic market and enhance the competitiveness of Vietnamese tourism in the international market, vice chairwoman of the HCM City People's Committee Phan Thi Thang said at a recent forum on linking tourism development. The forum was held in Nghe An Province last Friday to foster tourism links between Ha Noi, HCM City and six north-central provinces of Nghe An, Ninh Binh, Thanh Hoa, Ha Tinh, Quang Binh and Quang Tri. Phan Thi Thang said besides tourism links within the north-central region, the six provinces needed to boost tourism cooperation with key tourism regions, and create unique tourism products. “With experience in developing tourism linkages with other regions, HCM … [Read more...] about Ha Noi, HCM City foster tourism links with north-central region

Passengers on board a Vietjet flight. — Photo courtesy of Vietjet Vietjet has reopened a route linking the South Korean coastal city Busan with Ha Noi this month, the airline announced late last week. As well as the current route to Seoul, people and tourists will have more options to fly between Busan – a coastal city with many unique features of South Korea and the capital Ha Noi, with three return flights per week on Wednesdays, Fridays and Sundays, flying daily from July 12, 2022. Vietjet's ticket prices for Viet Nam-South Korea are currently attractive with only VND280,000 (excluding taxes and fees) per flight, Vietjet said. According to the airline, as well as beautiful beaches with stretching white sand and charming natural scenery, the coastal city of Busan is also a great shopping destination with many modern and high-class shopping centres. Meanwhile, Ha Noi is known as 'the heart' of friendly and hospitable Viet Nam, where passengers can easily experience the … [Read more...] about Vietjet resumes Ha Noi-Busan route