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Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20. In the first month of 2023, newly-registered capital is estimated to have increased 3.1 times over the same period last year, showing that foreign investors still maintain confidence in Vietnam's investment environment. Hanoi ranks among the top localities in foreign direct investment (FDI) in 2022. Photo: Thang Long Industrial Park The Foreign Investment Agency under the Ministry of Planning and Investment reported that there were 801 newly-registered projects totaling $1.2 billion and 89 projects increasing capital with a combined amount of $306.3 million. In addition, 204 transactions of share purchases by foreign investors were worth $174 million, representing a year-on-year decline of 60.7%. Meanwhile, the disbursement of foreign investments dropped by 16.3% to $1.35 billion. The agency attributed the decrease in registered and disbursed FDI to the national holiday (the … [Read more...] about Foreign investors remain confident about Vietnam’s business environment

According to Director of the Hue Relics Preservation Center Hoang Viet Trung, under the Nguyen Dynasty, the rituals marked the end of the lunar New Year holiday and the start of work and normal activities. The Neu pole was erected on the 23rd day of the 12th lunar month, marking the beginning of Tet. It coincides with the day when the Kitchen Gods are believed to ride a carp to Heaven to report on events from the past year. During 143 years of its reign (1802 – 1945), the Nguyen Dynasty held an annual ceremony to plant the Neu at the Imperial Citadel. The pole carried ritual items on its top, like a royal seal, a paper scroll and pen, which implied that the royal court stopped working during Tet. After the royal ceremony, ordinary people would erect their own Neu and start celebrating Tet. The Neu was intended to ward off ghosts and demons from entering the community during Tet, and guide the spirits of ancestors on the way home for the lunar New Year festival. The custom is also … [Read more...] about Neu pole lowering, seal opening ceremony celebrates new year

"After many days of waiting, the date is finalized. I will have my first pro match in my hometown, the land that fed me and saw my growing up," he wrote on his Facebook page. "I will try my best to give boxing lovers and my home a beautiful match. See you at Buon Ma Thuot city on February 26." Hoang, 32, has a perfect professional record after three pro bouts. He became Vietnam's first WBA Asia East Super Middleweight champion after defeating Korean rival Lee Gyu-hyun in 2019. On February 2, 2020, he knocked out Yuttana Wongda of Thailand to lift the WBA Asia belt. In his most recent outing, Hoang floored Indonesian Robert Kopa in the 'LEAD: The Beginning' event last October. Last month, he cruised to a gold medal at the ninth National Sports Games, which he declared his last amateur boxing competition. Source: VNA … [Read more...] about Champion to defend WBA belt in hometown next month

Decreasing demand for apartments in the region is also forecast to continue through at least the middle of the year. But it may begin to gradually rise by the last quarter of 2023 as legal bottlenecks and obstacles to credit are slated to be at least partially removed by the government, according to DKRA real estate consultants. DKRA Vietnam deputy R&D director Vo Hong Thang said apartment market liquidity, this year, would concentrate in affordable housing projects with prices of below VND50 million ($2,118) per square meter in HCMC and less than VND35 million per square meter in Binh Duong. Such social housing projects promise to be a ray of light in the otherwise gloomy 2023 market, he said, while adding the caveat that supply would still be limited. According to Thang, businesses are gradually supplying fewer high-priced homes and more affordable apartments and social housing units this year. He said this trend may last until 2025, with new supply focusing on the city’s … [Read more...] about Apartment market to continue slumping this year

An ailing woman in the northern province of Bac Giang is calling for community support to save her two children who are both struggling with leukaemia. Ngo Thi Nga, 32, from Lang Giang District’s Tien Luc Commune has been living with thyroid cancer. However, she has suspended her treatment for many months due to the family’s financial difficulties. According to Nga, in 2014, her eldest daughter Nguyen Thuy Ngan faced consecutive high fevers. After being taken to a hospital in Hanoi, she was diagnosed with leukaemia. Nga and her children Ngan fainted in her class several times and then had to suspend her studies for treatment. In 2016, her second child Nguyen Trong Khanh, three years old, faced the same symptoms as Ngan and was also diagnosed with leukaemia. Nga burst into tears after receiving the news from doctors. After giving birth to the third child Nguyen Trong Khoi in 2020, Nga felt tired and had fevers. Doctors said that she had developed thyroid … [Read more...] about Ailing woman seeks help for children facing leukaemia

EXHIBITION HCMC-Exhibition ‘No more, not yet’ Opening: Feb 3, 06:30 pm EMASI Nam Long, 147 Street No.8, Nam Long Residential area, D7, Display: Feb – June, Wed & Fri, 10 am – 04 pm EMASI Nam Long (D.7) Tues & Thurs, 10 am – 04 pm EMASI Vạn Phúc (D.Thủ Đức) *and every last Saturday of the month From the organizer: Nguyen Art Foundation (NAF) proudly invites you to the opening of ‘No more, not yet’, an exhibition that looks back on Nguyen Thi Thanh Mai’s shapeshifting artistic practice in all its multiplicity. Winner of the Artist Excellence Award (inaugural edition, initiated by The Factory Contemporary Arts Centre and managed by in-tangible institute), her work is presented here alongside nearly 20 artists whom she calls her colleagues and friends. The exhibition will be on display from February to June 2023 across the campuses of EMASI Nam Long and EMASI Van Phuc. Hanoi-Exhibition “This is not A Dream” Exhibition: Until Mar … [Read more...] about What’s on January 30-February 5/2023

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

Costume of Ha Nhi ethnic people in Ha Giang province. (Photo: VietnamPlus) It is hoped that 2022 will be a more optimistic year for the tourism sector. A survey revealed that up to 80 percent of Vietnamese people said they are planning vacations to make up for what the COVID-19 pandemic has deprived them of, and 43 percent said they want to experience a lesser-known place, instead of the destinations too familiar to them. It is also noteworthy that booking by tourists in Vietnam to share popular destinations is becoming a dominating trend. Ethnic minority culture paradise Up to 84 percent of Vietnamese tourists said they want to visit Meo Vac in Ha Giang province. It is a small but attractive valley in the northeast, surrounded by limestone mountains and inhabited by H’Mong and Ha Nhi ethnic groups, boasting a unique dish – thang co – cooked from the inner organs of cattle, of which 70 percent of Vietnamese tourists said they want to try during their 2022 tours. For … [Read more...] about 2022 destination selection trend of Vietnamese tourists

Viettel is the only Vietnamese brand in the latest Brand Finance Global 500 rankings. — Photo baochinhphu.vn Viettel is the most valuable telecoms brand in Southeast Asia and the 17th in the world, according to the latest Brand Finance Global 500. At 234th position globally, Viettel is the only brand of Việt Nam and the only telecoms one of Southeast Asia listed in the 2023 rankings. Meanwhile, e-commerce company Amazon surpassed Apple to become the world’s most valuable though its brand value fell about 15 per cent to US$299.3 billion this year from $350.3 billion in 2022. Apple dropped to the second place as its brand value declined 16 per cent to $297.5 billion. Brand Finance, founded in 1996, is the world's leading brand valuation consultancy present in 20 countries and territories. — VNS … [Read more...] about Viettel named most valuable telecoms brand in Southeast Asia