Slowly take a toll

After every 10 years, the country’s GDP growth speed has reduced 1% compared to the previous period, said Thien, former head of the Vietnam Institute of Economics, at the "Raising strength, clearing resources and helping businesses" conference. The event was part of the Vietnam Socio-Economic Forum 2023 on Tuesday. The economist told the conference that one major cause of business sluggishness was that Vietnamese businesses have to pay interest rates two or three times higher than other countries. Another reason was firms’ limited access to bank loans, he said. Thien noted that by the end of August, credit growth was only 5.5%, less than half of this year’s goal (14%). On the matter of slow growth, director of the legal department of the Vietnam Confederation of Commerce and Industry Dau Anh Tuan said low quality infrastructure in Vietnam is still not able to meet the demands of economic growth. Moreover, he said high production costs have lowered competitiveness. This was … [Read more...] about Businesses resilient but grow too slowly

Pho, often considered the essence of Vietnamese cuisine, has evolved over time to cater to a wide range of tastes and preferences. In Hanoi, roasted chicken pho is an unconventional and lesser-known delight. Around a month ago, Nguyen Xuan Kien, 49, introduced his roasted chicken pho at 116B6 Kim Lien Street, Dong Da District, and it quickly became a sensation within Hanoi's food communities. Around noon, the kitchen buzzes with chefs hard at work. Each with a distinct role: some shred the chicken, while others blanch the pho noodles. There are those who pour the broth, and the team ensures seamless order-taking and impeccable service for the valued guests. "I spent nearly a decade as a chef at the Kim Lien Hotel. Following that, I ventured into the restaurant business in 2009. Gradually, I delved into creating roasted chicken dishes. I've always been drawn to doing things differently. A few years back, the idea of combining traditional pho with roasted chicken … [Read more...] about Savoring Hanoi’s newest delight: roasted chicken pho

PM Pham Minh Chinh speaks at the Climate Ambition Summit in New York on September 20. (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh joined other world leaders in the Climate Ambition Summit and the UN High-Level Meeting on Pandemic Prevention, Preparedness and Response in New York on September 20 (local time), part of the high-level week of the 78th UN General Assembly . Addressing the Climate Ambition Summit, PM Chinh stressed that climate change remains the biggest global challenge directly impacting and taking a heavy toll on economic development, social security, and people’s life safety and health. A global and universal approach with breakthrough, general, comprehensive, and innovative solutions is required for coping with climate change, he opined, calling for faster, stronger, and more responsible actions to minimise the global temperature rise. He proposed a new vision, a new mindset, new determination, and drastic actions be made to secure … [Read more...] about PM attends UN climate ambition summit, pandemic preparedness meeting