An array of activities will be held in Hanoi, Hue, Da Nang, and Ho Chi Minh City from this month to mark the 50th anniversary of diplomatic relations between France and Vietnam. French Consul General in Ho Chi Minh City Emmanuelle Pavillon-Grosser said that 2023 is a very special year that marks 50 years of diplomatic ties and 10 years of strategic partnership between Vietnam and France. This is also an opportunity for the two countries to look back on the significance of the France-Vietnam partnership, by organizing numerous events throughout the year in various fields. A variety of engaging events such as exhibitions, performances, concerts, fashion shows, cuisine festivals, and more will be launched by the French Embassy in Vietnam, the Consulate General of France in Ho Chi Minh City, the French Institute in Vietnam, and many French and Vietnamese partners across the Southeast Asian country. Hanoi In Hanoi, about 20 photography exhibitions and events will be rolled out. … [Read more...] about Series of events to celebrate 50 years of France-Vietnam diplomatic ties
Setlist 50 cent 2022
Ho Chi Minh City records 6 new congestion hotspots in 2022
Ho Chi Minh City’s ongoing traffic difficulties only worsened in 2022, with traffic jams turning more serious and several new congestion hotspots recorded, according to Nguyen Thanh Loi, deputy head of the municipal traffic safety committee. In addition to increasingly serious congestion, the number of traffic accidents in the city also rose compared to 2021, Loi added. New congestion hotspots In 2022, traffic jams were commonplace near Tan Son Nhat International Airport in Tan Binh District and Cat Lai Port in Thu Duc City, the official elaborated. Congestion occurs on a route leading to Tan Son Nhat Airport in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre In addition, gateway routes into and out of Ho Chi Minh City such as National Highway No.1, the Ho Chi Minh City - Long Thanh - Dau Giay Expressway, and the Ho Chi Minh City - Trung Luong Expressway were often overloaded during peak hours. Six new congestion locations were recorded in the city last year, … [Read more...] about Ho Chi Minh City records 6 new congestion hotspots in 2022
Generali Group touts best-ever operating results in 2022
The information comes from Generali Vietnam’s latest release issued March 16, citing that at a meeting chaired by president Andrea Sironi, the Assicurazioni Generali Board of Directors approved the consolidated financial statements and the parent company’s draft financial statements for the year 2022. Along with this, the group’s gross written premiums rose by 1.5 per cent to $86.7 billion, thanks to the positive performance of the Property and Casualty (P&C) segment, led by the non-motor line. Generali Vietnam has contributed to the group’s performance with strong growth after 12 years of operation The operating result climbed by 11.2 per cent to reach $6.89 billion, thanks to positive growth in the Life, P&C, and Holdings and other businesses segments. The Life segment grew strongly by 25.1 per cent to reach $3.73 billion, reflecting excellent technical profitability, which was also confirmed by the new business margin at 5.35 per cent – up 0.86 … [Read more...] about Generali Group touts best-ever operating results in 2022
Viet Nam posts 78.9 per cent growth in coffee export value to Spain
The market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16 per cent in 2022. — Photo laodong.vn Viet Nam was Spain's largest supplier of coffee (by volume) in 2022, with 113,550 tonnes worth 269 million euros (US$287 million), up 21.6 per cent in volume and 78.9 per cent in value against 2021. The Ministry of Industry and Trade (MoIT)'s Import-Export Department cited statistics from the Statistical Office of the European Communities (EUROSTAT) as saying that the market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16 per cent in 2022. Statistics compiled by the department indicate that Viet Nam exported 342,300 tonnes of coffee in the first two months of the year, earning $745.28 million, down 7 per cent in volume and 9.5 per cent in value year-on-year. In February alone, the country shipped abroad over 200,000 tonnes of coffee worth $434.9 million to foreign markets, up 40.3 per cent … [Read more...] about Viet Nam posts 78.9 per cent growth in coffee export value to Spain
Renewable energy developers want temporary buying price of 6 cents per kWh
The price is equivalent to 90% of that of imported energy, representatives of solar and energy developers said at a meeting Monday. "The price is temporary and could be adjusted later when the legal framework on this matter is completed," said Nguyen Thanh Binh, deputy CEO of T&T Corp. Some developers have been waiting for two years for the new feed-in tariff to be announced, but as it is too low, they are concerned about bankruptcy, she said. "My wind turbines, each of which costs more than VND150 billion ($6.36 million), have been standing still for the last year," Binh said. The 6.2 cents per kilowatt-hour price tag is lower than that of coal-fired energy, as last year there were times when the price of coal-fired energy surged to 15-17 cents per kilowatt-hour, a representative of Thai energy firm GULF said. There are 84 renewable projects in Vietnam with a total capacity of over 4,676 megawatts per hour that will be under the new feed-in tariff. Among them 34 have … [Read more...] about Renewable energy developers want temporary buying price of 6 cents per kWh
More than 50 US firms sound out investment opportunities in Vietnam
As many as 52 large firms of the Unite States, including Boeing, Coca Cola, SpaceX, Netflix, and Apple, have come to Vietnam to seek cooperation opportunities in various fields. Representatives of the US - ASEAN Business Council and US firms at a working session with the Ministry of Planning and Investment. This is the largest US business delegation ever to come to Vietnam at a time when the two countries are celebrating 10 years of their comprehensive partnership. The trip is to show US businesses’ commitment to investing in Vietnam, said Marc Knapper, Ambassador of the US to Vietnam, at a press briefing on March 21. According to the diplomat, Vietnam is a potential market with many business opportunities, especially when bilateral relations are developing positively, with their trade expanding vigorously over the years. Sharing the view, Ted Osius, president & CEO of the US-ASEAN Business Council (USABC), noted US firms have a greater interest … [Read more...] about More than 50 US firms sound out investment opportunities in Vietnam
Seminar discusses 50 years of achievements, prospects of Vietnam – UK ties
The seminar on the Vietnam - UK relations in Hanoi on March 21 (Photo: tienphong.vn) Hanoi (VNA) – A seminar was held in Hanoi on March 21 to look back on achievements during the 50 years of the Vietnam - UK diplomatic relationship and the prospects of future bilateral ties. Opening the event, Phan Anh Son, Vice President and Secretary-General of the Vietnam Union of Friendship Organisations (VUFO), said since the official establishment of the diplomatic relationship on September 11, 1973, bilateral ties have continuously been reinforced and developing. This is especially the case since the elevation of relations to a strategic partnership in September 2010, which has opened up many cooperation frameworks such as the strategic dialogue, the joint committee for economic and trade cooperation, and the working group on defence. Thanks to the effective implementation of the UK - Vietnam Free Trade Agreement ( UKVFTA ), bilateral economic links have been growing strongly. … [Read more...] about Seminar discusses 50 years of achievements, prospects of Vietnam – UK ties
Seminar discusses 50 years of achievements, prospects of Vietnam – U.K. ties
Opening the event, Phan Anh Son, Vice President and Secretary-General of the Vietnam Union of Friendship Organizations (VUFO), said since the official establishment of the diplomatic relationship on September 11, 1973, bilateral ties have continuously been reinforced and developing. This is especially the case since the elevation of relations to a strategic partnership in September 2010, which has opened up many cooperation frameworks such as the strategic dialogue, the joint committee for economic and trade cooperation, and the working group on defense. Thanks to the effective implementation of the U.K. - Vietnam Free Trade Agreement (UKVFTA), bilateral economic links have been growing strongly. Trade in goods and services reached about GBP 5.9 billion (USD 7.2 billion) in 2022, up 12.4% year on year. The U.K. is currently a leading educational partner of Vietnam with 74 transnational educational programs of 23 British universities. The two sides have also unceasingly … [Read more...] about Seminar discusses 50 years of achievements, prospects of Vietnam – U.K. ties
Vietnam, Belgium enjoy fruitful 50-year-ties: Ambassador
The ambassador noted that although Belgium is a small country with a population of only more than 10 million, the European country is a partner with great cooperation potential for Vietnam. As the center of Europe, Belgium has acted as a gateway for Vietnam to the European Union (E.U.). According to him, Vietnam and Belgium are both members of the International Organization of the Francophonie (IOF), and share many similarities in culture, which are favorable conditions for them to bolster their friendship. He added that the two countries have regularly exchanged high-ranking delegations. Agriculture is one of the successful cooperation areas between the two countries, said the diplomat, noting that the two sides set up their strategic partnership in agriculture from 2018. Belgium is one of the two strongest countries in Europe in agriculture, making it a great partner for Vietnam to build and develop an agricultural economy, he said. In terms of economy, after the E.U. - Vietnam … [Read more...] about Vietnam, Belgium enjoy fruitful 50-year-ties: Ambassador
VPBank sells 15 per cent of its charter capital to Japan’s SMBC
The signing ceremony between VPBank and SMBC. Following the latest SMBC’s strategic investment, VPBank will become Viet Nam’s second largest bank in terms of owner equity. — Photo courtesy of the bank VPBank on Monday announced that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) - a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG) to issue 15 per cent equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank. The investment from SMBC will help the bank raise VND35.9 trillion (approximately US$1.5 billion), of Tier 1 capital (equal to VND30,160 per share), increasing its owner equity to approximately VND140 trillion from VND103.5 trillion. This comes as part of the capital raising plan that VPBank has been implementing during 2022-23 in order to enhance its long-term financial strength and support the bank to reach an ambitious growth strategy over the next five years. … [Read more...] about VPBank sells 15 per cent of its charter capital to Japan’s SMBC