Strategies sustainable development

A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products

The company also presented funds to help 63 households in the communes to transform their coffee gardens. This was an activity within the "National target program on socio-economic development - model of soldiers associated with people in ethnic minority and mountainous areas in the period 2021- 2025” component project. Over the past years, Coffee 15 One Member Co., Ltd. has helped hundreds of poor households in the project areas of the two defense-economic zones transform their old coffee gardens, reclaim land for wet rice, fruit trees, and medicinal herbs to increase income, thus reaching sustainable poverty reduction target. Below are photos of Coffee 15 One member Co., Ltd. helping local people develop domestic economy. Translated by Song Anh … [Read more...] about Military business assists locals in economic development

Deputy Minister of Foreign Affairs Ha Kim Ngoc (Photo: VNA) Hanoi (VNA) - After a year implementing the strategy on cultural diplomacy to 2030, issued by the Prime Minister in November 2021, Vietnam has achieved marked results in the field, helping promote its relations with other countries across all channels of the Party, Government, National Assembly, and people, affirmed Deputy Minister of Foreign Affairs Ha Kim Ngoc. In an interview granted to the Vietnam News Agency, the official noted that Vietnam has focused on including the cultural content into the activities of high-ranking leaders during their overseas trips and the country’s reception of foreign leaders; and on promoting deep and wide integration in the fields of culture, science and education at international forums. According to him, Vietnam hosted significant regional and international conferences and events last year, including the 31st SEA Games and the Vietnam day programme in the Republic of Korea, … [Read more...] about Cultural diplomacy raises Vietnam’s position worldwide

Vietnam remains an attractive destination for foreign investors (Photo: VNA) Hanoi (VNA) - According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam is likely to attract 36-38 billion USD in foreign direct investment (FDI) in 2023. The figure was nearly 22.4 billion USD in 2022. Deputy Director of the FIA Do Van Su said disbursement of foreign investment this year is expected to hit 22-23 billion USD,. Su acknowledged that the opening of China’s economy might affect Vietnam's foreign investment attraction, adding that China remained the leading investment destination in the region, so when they opened up, capital will flow into this market while that to Vietnam and other economies in the region will be limited. On the contrary, the investment capital movement of the Republic of Korea (RoK) , Japan, and Taiwan (China) will be accelerated. This shift will be accelerated until 2025, and Vietnam will be a preferred investment … [Read more...] about Vietnam’s FDI projected to reap up to 38 bln USD in 2023

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders. A customer at a Vietcombank office in Hanoi. Though the four biggest State-owned banks, including Vietcombank, have been a key force in supporting the economy to overcome difficulties, their charter capital is too low. Photo thoibaonganhang.vn Currently, the big four, including BIDV, Vietcombank, Agribank and VietinBank, only hold more than 40 per cent of the credit market share of the country’s banking system, but over the years, especially in the past three years, the banks have been a key force in supporting the economy to overcome the difficulties caused by the COVID-19 pandemic and global economic uncertainties. State-owned banks always take the lead in implementing incentive policies of the National Assembly, the … [Read more...] about State-owned banks under capital increase pressure

Cuc Phuong, Vietnam’s first national park, is situated in the Tam Diep Mountain Range, which spans over the territory of Ninh Binh, Hoa Binh, and Thanh Hoa provinces. (Photo: VNA) Ninh Binh (VNA) - Cuc Phuong has been named as one of the leading national parks in Asia by the World Travel Awards for many consecutive years, enabling it to attract more visitors, especially nature lovers . Covering 22,000 hectares stretching across Ninh Binh, Hoa Binh and Thanh Hoa provinces, Cuc Phuong is the first national park of Vietnam. For nearly 60 years since its establishment, Cuc Phuong’s preservation work has made great achievements and the national park itself is internationally recognised as the largest wildlife protection area in Southeast Asia. With its limestone Karts topography, Cuc Phuong’s primary forest has value because of its archeology, paleontology and geology. Many archaeological sites have been discovered here, providing valuable insight into human history. The … [Read more...] about Cuc Phuong National Park – An ideal destination for nature lovers

A fishing village on Co To island. (Photo: VNA) Hanoi (VNA) – With beautiful and pristine beaches, unique “check-in” corners and hospitality of local residents, in recent years, Co To island in the northern province of Quang Ninh has become a top choice for travel lovers. Extremely important position in security-defence Almost all islands in Vietnam hold an extremely important position in defence and security; however, Co To has its own characteristics which are a rich floral ecosystem, beautiful natural landscapes and locals’ cultural identities. Co To is formerly known as Chang Son (Chang Mountain) or “Cau Dau” in some old books which means a place with many mountains gathering at the middle of the sea. The island district has an area of 46.2sq.km with about 50 islands, in which Big Co To and Small Co To are the two most famous islands with pristine beaches and landscapes. At present, Big Co To has primeval forests with an area of 10ha. Many streets on the … [Read more...] about Co To island a top choice of holidaymakers