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Novaland led the realty sector's gain on Wednesday with a daily maximum growth of 7 per cent. — Photo vietnamplus.vn Shares maintained an uptrend on both stock exchanges, fuelled by solid cash inflows. Real estate and construction sectors led the gains. On the Ho Chi Minh Stock Exchange, the VN-Index extended gains to three days in a row this week, up 0.11 per cent to close Wednesday at 1,109.54 points. The southern bourse’s index gained 1.7 per cent in the last three days and 3.2 per cent this month. On the Ha Noi Stock Exchange, the HNX-Index increased 0.7 per cent to end at 230.33 per cent. The northern bourse’s index has constantly expanded since May 24 and gained 6.7 per cent since then. The market breadth was positive as the number of advancing stocks exceeded the declining ones, with 519 gainers and 275 losers in the two markets. However, within the VN30 basket (which tracks the top 30 shares by market value and liquidity in HCM City), there were 16 losers, 11 … [Read more...] about Shares maintain uptrend with high liquidity

Workers at Dung Quat Oil Refinery in the central province of Quang Ngai, operated by Binh Son Refining and Petrochemical JSC (BSR). Shares of most oil and gas companies witnessed double-digit growth compared to the beginning of this year. — Photo bsr.com.vn In the context of the general market moving sideways, oil and gas stocks have gone against the trend to increase rapidly, which was supported by positive information from billion-dollar domestic oil and gas projects. One of the stocks that gained the most was PVS of PetroVietnam Technical Services Corporation (PVS). In the past month, the company's shares have increased by 21 per cent in market prices. Compared to the beginning of this year, this stock has increased by 35 per cent, currently trading at VND35,000 per share. In Q1, net revenue of PVS decreased slightly by 1.7 per cent to VND3.7 trillion. However, gross profit went up by 5.8 per cent thanks to the gross margin of Mechanical & Construction (M&C) segment. … [Read more...] about Oil companies see positive Q1, shares witness growth

The online completion was jointly organized by the Embassy of Saudi Arabia and the Ho Chi Minh Communist Youth Union Organization of Hanoi's Tay Ho district with the aim of honoring environmentally-friendly lifestyles as well as initiatives and ideas to protect the environment. The organizers received more than 100 entries, including creative initiatives on recycling waste into useful objects. Addressing the award ceremony, Saudi Arabian Ambassador to Vietnam Mohammed Ismaeil Dahlwy said that the world is facing unprecedented environmental challenges, including climate change, global warming, and ozone depletion. Saudi Arabia is vulnerable to climate change and is facing several environmental issues such as desertification and water scarcity, he said, adding that the country has implemented numerous policies and regulations to mitigate impacts of humans and development process on ecosystems. Notably, the Saudi Vision 2030, which was launched by Crown Prince Mohammed bin Salman … [Read more...] about Vietnam, Saudi Arabia share vision for greener future

The CICON 2023 takes place in Ho Chi Minh City on June 7. (Photo: VNA) HCM City (VNA) – The CICON 2023 – the second international conference that combines the initials of Creative Urban, Culture, Convergence, and Industry took place in Ho Chi Minh City on June 7, offering opportunities for Vietnam and the Republic of Korea (RoK) to participate in the smart city and blockchain industry, build a network of businesses from the two countries. RoK , and Chairman of the Seoul Design Foundation said that Vietnam is known as a country with sustainable growth in the region with the advantages of a young population structure and potential for industrial and high-tech development. VNA … [Read more...] about Vietnam, RoK share experience, initiatives on smart city development

Many cities have seized the opportunity to launch initiatives like Photo Hanoi'23 to promote the growth of culture and arts and to establish themselves as popular tourist destinations. More than 200 articles and programs have been published about the International Biennale Photo Hanoi'23. Over 170,000 visitors have participated in exhibitions and other activities. Social media posts have been viewed nearly 5 million times on PhotoHanoi networks alone, and 5,100 posts with #photohanoi hashtags have been sent on social media: Facebook, Instagram and Tiktok. These are the statistics announced by the French Ambassador to Vietnam, Nicolas Warnery, confirming the success of the first Photo Hanoi'23. Chance to explore local photography The French Ambassador expressed his pleasure at the warm reception Photo Hanoi'23 received from the community. He affirmed that the event contributes to the professionalization of the entire creative ecosystem and promotes the capital's economic … [Read more...] about Photo Hanoi’23 drives capital’s culture and art development

Tran Khanh, chairman of the Hanoi Building Management Operating Club, said the law does not spell out which areas belong to owners and which are commonly owned, and this is causing disagreements between the owners and building managements. A 2010 decree states that the two areas must be delineated clearly in apartment sale contracts, but another decree in 2015 does not do so, he said. Developers take advantage of it and do not designate shared areas, while buyers usually only worry about their apartment and do not care about shared spaces until later, he said. Nguyen Manh Ha, deputy chairman of the Vietnam National Real Estate Association, said some developers make false claims to sell before taking ownership of shared areas. One of the main disputed areas is the parking lot. The Housing Law states that motorbike and bicycle parking spaces are shared areas, but car parking spots must be bought or rented by residents. The cost of building parking lots is purportedly not … [Read more...] about Apartment owners, developers at odds over communal area loophole

Globally, energy accounts for more than two-thirds of total greenhouse gas emissions. This makes the transformation of the energy sector centrally important in reducing emissions, and tackling the global climate crisis. Last year, investment in renewable energy reached approximately $500 billion, while the share of wind and solar energy reached a record 12 per cent of global electricity generation. Ramla Khalidi - Resident representative United Nations Development Programme in Vietnam I take this opportunity to congratulate the Vietnamese government for the recent adoption of the long-awaited Power Development Plan VIII, which aims to achieve 10 GW offshore wind capacity by 2030, and reach a renewable energy target of 39.2 per cent by 2030. The energy transition offers opportunities to accelerate the achievement of the UN’s Sustainable Development Goals, including the creation of decent jobs, the development of new technology and renewable energy industry sectors, … [Read more...] about Energy transition will not come without challenges

PGA chief accepts 'hypocrite' claims after LIV merger, Source: youtube/ ESPN Monahan was accused of hypocrisy after announcing that the PGA Tour and DP World Tour had agreed a tie-up with the Saudi-backed LIV circuit in a bid to end golf's civil war. The PGA Tour chief -- who has railed against LIV since its inception while simultaneously lobbying star tour players to resist huge paydays to join the circuit -- attended a tense meeting with players at the Canadian Open in Toronto on Tuesday. US media reported that furious players -- who had been kept in the dark about the merger until the news broke on Tuesday -- challenged Monahan over the merger at the meeting. In a media conference call later Tuesday, Monahan acknowledged that criticism directed at him was inevitable. "I recognize everything that I've said in the past and my prior positions," said Monahan, who will be the chief executive of the new tour. "I recognize that people are going to call me a hypocrite." The … [Read more...] about PGA chief accepts ‘hypocrite’ claims after LIV merger

The Customs Department of Dong Dang International Railway Station in the northern border province of Lang Son has piloted the transportation of litchi to China by rail to cope with the huge backlog of goods along the border during the harvest season. The Customs Department of Dong Dang International Railway Station has piloted the transportation of litchi to China. According to the department, some 20 containers have been exported on each train during the pilot period. It costs about VND 30 million to transport a refrigerated container and around VND 20 million for a normal container from Vietnam's Bac Giang Province to China's Pingxiang City by train. The transportation time is approximately 12 hours. "The train transportation cost is just a bit cheaper than the road, but much faster," the department said. "And it can help resolve the serious overloading at local border gates during this peak period." After the successful pilot, the department has informed … [Read more...] about First litchi exports to China by rail

Ambassador Dang Hoang Giang (second from right), Permanent Representative of Vietnam to the UN, speaks at the dialogue. (Photo: VNA) New York (VNA) - The United Nations Development Programme (UNDP) has been and will continue to be one of the most important and trusted partners of the Government and people of Vietnam on the country’s development and integration pathway, Ambassador Dang Hoang Giang has affirmed. Addressing an interactive dialogue between the UNDP Executive Board and UN member states held in New York on June 6 on the occasion of the 45th anniversary of the Vietnam - UN relations , the Permanent Representative of Vietnam to the UN pointed out impacts of such global issues as the COVID-19 pandemic, climate change, geo-political tensions, and food and energy crises. As a speaker at the meeting to share the country’s success story, he said that in this context, the Vietnamese Government has implemented a number of measures to protect people’s health, … [Read more...] about UNDP one of Vietnam’s most important partners on development path: ambassador