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An investor watches share prices on a tablet. Shares rose a second day on both exchanges. — VNA/VNS Photo Shares climbed for a second day as good performace of global stock markets prior to the Fed’s announcement of a rate hike supported local investors’ psychology. The VN-Index on the Ho Chi Minh Stock Exchange increased by 0.79 per cent to close Wednesday at 1,040.54 points. It rose nearly 1 per cent in the previous session. The market breadth was positive with 203 stocks gaining, 170 losing while the other 128 closed flat. Although the trading was cautious, increasing liquidity in buying force at high prices led to an improvement in stock prices, especially in the banking and real estate industries. Nearly 459 million shares worth VND8.7 trillion (US$369 million) were traded, down 3 per cent in volume but up 4 per cent in value compared to Tuesday’s level. Property and banking stocks led the market growth with average growth of 1.5 per cent each, tracked by … [Read more...] about Shares gain for second day but caution persists

While in Argentina, the delegation had a meeting with Politburo member and Secretary in charge of External Relations of the Communist Party of Argentina (CPA) Jorge Kreyness. Hai thanked the CPA for its solidarity, support and sentiment for the Communist Party of Vietnam (CPV) and Vietnamese people in their past struggle for national liberation as well as the present cause of national reform and construction. The official affirmed the consistent stance of the Vietnamese Party, State and people on constantly consolidating and strengthening the friendship and solidarity between the CPV and the CPA and people of Argentina. Hai expressed his hope for enhanced solidarity and more efficient cooperation between the two parties for the common revolutionary cause. In reply, Kreyness lauded Vietnam’s achievements and experience, and noted his belief in the success of reforms and socialism building in Vietnam under the CPV’s leadership, calling Vietnam an example for Latin American … [Read more...] about Ho Chi Minh City seeks ways to expand cooperation with Argentina

Speaking at the event, Vice Chairman of the municipal People’s Committee Nguyen Thuc Hien suggested orientations for bilateral cooperation in hi-tech agriculture, processing industry, investment, tourism, health care, education - training and information technology. He wished for India’s support to hold the "India - Can Tho city" networking conference with an aim to connect Indian importers with local exporters of rice, seafood, farm produce and processed agricultural products, as well as popularize the city’s tourism. Can Tho plans to arrange a trip to India in May for a delegation of investment, trade and tourism promotion officers, he said, suggesting that the Indian side helps the delegation hold a working session with the Indian Institute of Technology to invite Indian investors to Can Tho's concentrated IT zone. The host also wished to visit and share experience in economic and tourism development with authorities of a suitable locality. Sethi, for his part, pledged to … [Read more...] about Can Tho, India cultivate multifaceted cooperation

Hanoi (VNA) - The 17th World Congress on Engineering Asset Management will take place in Ho Chi Minh City, from 18-20 October 2023. Themed “ Industry 4.0 , Digital Transformation , Society 5.0 and beyond”, the event is hosted and organised by the International Society of Engineering Asset Management (ISEAM), RMIT Vietnam and the Asset Institute. The World Congress on Engineering Asset Management (WCEAM) will bring together academic, policy and industry expertise from diverse economies, geographies, public and private industry sectors to proffer discourse on how to exploit 4IR technologies to sustainably manage engineered assets in a manner consistent with Society 5.0 ideals. The activities, annual meetings, and events of WCEAM provide opportunities for educators, policymakers, practitioners, researchers, and trainers to engage in intellectual discourse on the development and advancement of the body of knowledge and practice of managing engineered assets. It is … [Read more...] about Vietnam to host 17th World Congress on Engineering Asset Management

The official logo for the 50th anniversary of Vietnam-Belgium diplomatic ties. (Photo: VNA) Hanoi (VNA) – The Belgian Embassy in Vietnam held a ceremony in Hanoi on March 22 to announce the official logo marking the 50th anniversary of Vietnam-Belgium diplomatic ties this year. Speaking at the event, Belgian Ambassador to Vietnam Karl Van den Bossche said the logo design contest for the occasion was open for Vietnamese designers and young artists. Through various media channels, the organising board received 130 entries. The winning logo was designed by Ly Khanh Linh, a 22-year-old student from Graphic Design Faculty at FPT University. It was inspired by famous cultural heritages of both countries with the hope of conveying the message of cultural exchange and friendship. It will be used in all activities of Belgium in Vietnam this year. The ambassador said the Queen of Belgium plans to visit Vietnam in May 2023 as the Goodwill Ambassador of UNICEF. In September, … [Read more...] about Logo marking 50th anniversary of Vietnam-Belgium diplomatic ties announced

Panasonic Life Solutions Vietnam in Vietnam - Singapore Industrial Park, Binh Duong province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development ( OECD )’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Vietnam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the establishment of a global minimum effective corporate tax rate of 15% for those with annual revenue of 750 million euros, starting from … [Read more...] about Vietnam to develop policies to adapt to global minimum tax

Delegates cut ribbon to open AeroExpo Hanoi & Vietnam Aviation Forum 2023 (Photo: VNA) Hanoi (VNA) – Fifty foreign businesses and many major airlines in the world are participating in the AeroExpo Hanoi & Vietnam Aviation Forum 2023, which opened in the Vietnamese capital city on March 21. The three-day event is jointly held by the Hanoi Department of Industry and Trade and France’s Advanced Business Events (ABE) company. Acting director of the department Tran Thi Phuong Lan said that the expo is a chance to connect more than 160 business partners in order to develop the aviation industry of Hanoi city, and speed up the restructuring process of industries associated with digital transformation. It also gathers a large number of prestigious experts, speakers, and leaders of aviation firms, airlines and producers from inside and outside the country who come to exchange and share new development opportunities and new initiatives to serve the development of the sector. … [Read more...] about AeroExpo Hanoi & Vietnam Aviation Forum opens

The United Nations used its first conference on water security in almost half a century on Wednesday to exhort governments to better manage one of humanity's shared resources. A quarter of the world's population relies on unsafe drinking water while half lacks basic sanitation, the U.N. said. Meanwhile, nearly three quarters of recent disasters have been related to water. "We are draining humanity's lifeblood through vampiric overconsumption and unsustainable use, and evaporating it through global heating," said U.N. Secretary General Antonio Guterres. Ensuring access to clean drinking water and sanitation is part of the 17-point to-do list the U.N. has set for sustainable development, alongside ending hunger and poverty, achieving gender equality, and taking action on climate change. The three-day conference beginning on Wednesday in New York is not intended to produce the kind of binding accord that emerged from climate meetings in Paris in 2015, or a framework like the one … [Read more...] about UN warns ‘vampiric overconsumption’ is draining world’s water

The torch relay stands for solidarity, friendship, and good cooperation among ten nations in the Southeast Asian region. The 32nd SEA Games Torch arrived in Hanoi today, March 22. The Vietnamese capital is the first stop for the sacred torch on its journey through ten countries in the region. The SEA Games torch relay started from Angkor Wat Temple on March 21. Photo: ocasia.org Earlier, Cambodian King Norodom Sihamoni lit the SEA Games torch at Angkor Wat Temple, marking the start of the torch relay for the 32nd SEA Games. This year, the SEA Games flame was ignited by the rays of the sun on the roof of the sacred Angkor Wat temple. According to Cambodian beliefs, the sun rises exactly on the top of the main temple of Angkor Wat only twice a year, so it is considered a sacred fire. It is also called the equinox - a time of year when the sun crosses the plane of the earth's equator and day and night are of equal length. The torch is 75 centimeters … [Read more...] about The SEA Games 32 torch arrives in Hanoi

Advances in technology may be the key to solving the problems faced by local taxi companies. Hanoi-based taxi companies are seeking permission from the Government and the Hanoi authorities to allow the import and use of electric cars. G7 taxis stop at a local park in Hanoi. Photo: Tuan Anh/The Hanoi Times The electric car helps reduce environmental pollution by consuming clean energy, which is now the global vibe, said chairman of the Hanoi Taxi Association Nguyen Cong Hung. The Covid-19 pandemic, the growth of ride-hailing technology applications, and rising fuel prices are some of the factors impacting traditional cab firms, Hung said at a meeting on March 21. "Several taxi companies are being dissolved and their assets sold because they are operating at a loss," Hung said. "Domestic cab companies need a new form of business operation to adapt to the global development of technology and transportation," he added. "Modern technologies, especially … [Read more...] about Hanoi’s taxi companies seek permission to operate electric cars