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A Sunjin Vina Co plant in Ha Nam Province. — Photo danviet.vn South Korea-invested Sunjin Vina Co has received a licence from Hau Giang Industrial Zones (IZ) Management Board to develop a seafood feed plant in the province's Tan Phu Thanh Industrial Zone (IZ). The 2.6ha-plant, expected to cost US$23.6 million, will produce 126,000 tonnes of fish and shrimp feed products annually, the Vietnam Investment Review has reported. The plant's first phase is slated for completion in May 2024. Head of the board Tran Ngoc Hung described the plant's investment licence as a good start to the year for the province and the investor. He said his board would create all the most favourable conditions for the investor while coordinating with relevant departments to solve difficulties promptly, so that it could soon put the project into operation. Founded in 2007, Sunjin Vina Co now has four feed mills in Hung Yen, Ha Nam, Dong Nai and Tien Giang provinces with a total designed capacity of … [Read more...] about Hau Giang approves $23.6m seafood feed plant

Since mid-January, the region has experienced average daytime temperatures of below 15 degrees Celsius. On Monday most localities, including the capital Hanoi, would be no warmer than 22 degrees and nighttime temperatures would be 7-8 degrees, the National Center for Hydro-Meteorological Forecasting said. It said in the next two days nighttime temperatures would rise to 16 degrees and by the weekend to around 21 degrees. American site Accuweather said the temperature at night in Hanoi would rise to 18 degrees by Wednesday. The cold front has also affected other regions, leaving them with cool weather since early last week, with the mercury ranging between 16 and 21 degrees in the central region and 22 and 28 degrees in the south. … [Read more...] about Northern Vietnam cold wave to end this week

The Ministry of Finance's main office in downtown Ha Noi. — VNA/VNS Photo The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection. However, the ministry's proposal did not include a value-added tax (VAT) reduction of 2 per cent, which it said has been challenging and complicated to implement. In the MoF's latest proposal to the government, businesses, household businesses and individuals were to continue to enjoy a 30 per cent cut in land-use fees in 2023, on top of an extension on their tax duties. "The ministry supports the government's policy to give businesses more time to meet their financial duties and a 30 per cent reduction in land-use fees as parts of an effort to support businesses," said Ho Duc Phoc, Ministry of Finance. Phoc said key priorities for the central government this year include speeding up the disbursement of public investment … [Read more...] about Tax and land-use fee reductions should continue in 2023: MoF

A grade-9 schoolgirl in Yen Bai Province, northern Vietnam has succumbed to her critical condition after drinking liquor at a party during the past Tet (Lunar New Year) holiday, local authorities reported on Saturday. The girl, identified only as M., died on Thursday, the last day of the seven-day Tet break, after she attended a drinking party at her friend’s house two days earlier in Ban Cong Commune of the province’s Tram Tau District. As the party was taking place, M. stepped out of the house and then fell down, Hang A Hanh, deputy chairman of the Ban Cong administration, told Tuoi Tre (Youth) newspaper. The girl was unconscious when being found by her friends and was taken to a local hospital immediately for emergency treatment, but she died two days later at the age of 15, Hanh said. Local police are investigating the actual cause of the death, the official said. “M. drank alcohol at the party, and police officers are probing how much alcohol she had drunk,” Hanh … [Read more...] about 15-year-old Vietnamese girl dies after drinking alcohol at Tet party

Viettel is the only Vietnamese brand in the latest Brand Finance Global 500 rankings. (Source: baochinhphu.vn) Hanoi (VNA) – 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 the 234th position globally, Viettel is the only brand of Vietnam 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% to 299.3 billion USD this year from 350.3 billion USD in 2022. Apple dropped to the second place as its brand value declined 16% to 297.5 billion USD. Brand Finance , founded in 1996, is the world's leading brand valuation consultancy present in 20 countries and territories./. VNA … [Read more...] about Viettel named most valuable telecoms brand in Southeast Asia

Authorities in Quang Tri Province, located in north-central Vietnam, have granted a certificate of merit together with a cash bonus to the creator of a graceful cat mascot statue, called the ‘Miss Cat’ by netizens, used to celebrate the 2023 Lunar New Year (Tet), which is the Year of the Cat. Dinh Van Tam, a 32-year-old local man, who made the charming artistic work, received the provincial government’s certificate of merit, together with a bonus of VND20 million (US$852), from Ha Si Dong, standing deputy chairman of the Quang Tri administration, on Friday. Since the cat mascot statue was put on display at the square of the province’s Trieu Phong District on January 15, tens of thousands of people have flocked there for viewing and photographing during the past seven-day Tet holiday, from January 20 to 26, district authorities said. The cat statue has also caused great excitement to social media communities, who have honored it as the ‘Miss Cat,’ as it is considered truly … [Read more...] about Certificate of merit awarded to Tet cat mascot creator in Vietnam’s Quang Tri Province

According to its latest report on Southeast Asia, HSBC said Thailand will benefit the most from China’s reopening. It said further that tourism in Vietnam was also expected to perform well as Chinese tourists account for some 30% of international arrivals to the country. This month Khanh Hoa Province is expected to have nine charter flights which will bring Chinese visitors to Vietnam after a 3-year suspension due to the pandemic. Hotels in Hoi An, in the central province of Quang Nam, have also received bookings from Chinese tourists. Regarding trade, since 2020 ASEAN has surpassed the E.U. to become China’s largest trading partner. Last year Vietnam was one of three Southeast Asian countries, along with Indonesia and Malaysia, reporting increases in exports to China. Vietnam is also benefiting from more favorable trade ties with China because exports no longer have to undergo strict Covid testing. Concerning FDI, Japan and South Korea are the leading countries in terms of … [Read more...] about Vietnam’s tourism, trade, FDI rosy amid China’s reopening: HSBC

Flood-ravaged Auckland is forecast to receive further heavy rain in the coming days, authorities in New Zealand's largest city said on Monday, as insurers counted the costs of what looks likely to be the country's most expensive weather event ever. Four people lost their lives in flash floods and landslides that hit Auckland over the last three days amid record downpours. A state of emergency remains in place in Auckland and further south in regional Waitomo. Flights in and out of Auckland Airport are still experiencing delays and cancellations, while beaches around the city of 1.6 million are closed. "There has been very significant damage across Auckland," New Zealand Prime Minister Chris Hipkins told state-owned television station TVNZ on Monday. "Obviously there were a number of homes damaged by flooding but also extensive earth movements." Currently, around 350 people were in need of emergency accommodation, he added. Looming clouds Metservice is forecasting further … [Read more...] about New Zealand counts cost of Auckland floods, more rain forecast

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

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly. — VNA/VNS Photo From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than VND29.2 trillion (US$1.2 billion) to the market, while it has net sold nearly VND18.8 trillion and set a record net selling value of over VND62.2 trillion in 2021. In November alone, more than VN16 trillion in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over $50 billion owned by foreign investors on the Vietnamese stock market showed that more than half of foreign ownership is … [Read more...] about Foreign investors remain optimistic about VN stock market