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Vietnamese and international viewers will enjoy the unique works of worldwide cinema industries. The sixth Hanoi International Film Festival (HANIFF) will make a comeback and is scheduled to take place in Hanoi between November 8 and 12, according to the Ministry of Culture, Sports and Tourism. After a two-year hiatus due to the Covíd-19 outbreak, the new context of safe and flexible adaptation to the pandemic makes its 6th edition this year a special one, the ministry said, authorizing the Vietnam Cinematography Department and relevant agencies to organize the event. The biennial festival aims to honor outstanding international and Vietnamese film works with high artistic value, rich in humanism and creativity. Foreign filmmakers at the fifth HANIFF held in Hanoi. Photo: Lai Tan The film festival also aims to encourage new talents in the movie industry in Vietnam and worldwide while promoting cooperation among filmmakers for the development of cinema. … [Read more...] about Hanoi International Film Festival to return in Q4

The work so far has advanced by 75%, whose elevated section (Nhon – Cau Giay) has been completed by 95%. The Nhon - Hanoi Station metro line is expected to be completed by December 31, 2022, and contractors are requested to halve the construction time of the underground section, originally scheduled for 2027. Prime Minister Pham Minh Chinh and leaders of Hanoi during the visit. Source: VGP Prime Minister Pham Minh Chinh urged to accelerate the metro line construction during a site visit today [August 7]. The Nhon – Hanoi station metro project with financial backing from the French Government, the French Development Agency (AFD), and the European Investment Bank (EIB) has a total length of 12.5 kilometers, running through eight elevated and four underground stations. Prime Minister Chinh and delegations on board a train. A report from the Hanoi Project Management Board of Urban Railway noted the metro line project was launched in … [Read more...] about PM expects Nhon – Hanoi station metro line to be completed by late 2022

Hanoi’s typical dishes with many variants always cause nostalgia for children who live far from their homeland. As famous as pho (rice noodles soup with beef), spring rolls are also a dish imbued with the “Vietnamese national spirit”: if you see spring rolls somewhere, people from the S-shaped country must be around the corner. A familiar food on a Bangui Street The typical Hanoi's dishes are prepared by Helen Green, a housewife who lives in Ho Chi Minh City The fateful meeting happened when the soldiers realized that a dish they ate on the street was so similar to the Vietnamese fried spring rolls. They weren’t wrong: it was real fried spring rolls, made by an old woman who  came from Hoan Kiem District, Hanoi.Many years back in time, Vietnamese soldiers in the United Nations’ Peacekeeping Mission in the Central African Republic happened to meet an old woman, she was the only one from Vietnam to live in the capital, Bangui. Seventy years before, she … [Read more...] about [Quintessence of Hanoi’s cuisine] Quintessence of Vietnamese cuisine: Hanoi spring rolls

From five grams of toothpaste to 10 millilitres of cooking oil, many Nigerians struggling with soaring prices now buy their basic necessities in small quantities packed in tiny plastic bags to be consumed on the same day. Consumer brands behind this "sachetisation of the economy" see it as a creative innovation, allowing consumption for all Nigerians, the majority of whom live on less than $2 a day. But critics see the development as an economic and ecological aberration, even as Africa's largest economy struggles with the inflationary fallout from Russia's war in Ukraine. In the streets of Lagos, the vibrant economic capital of Africa's most populous country, small sachets are now part of the decor: they colour its streets, packing the wood and tin shops found on the corner of most streets. Sitting on a stool, Ibrahim Atahire has been running his small grocery store for 30 years in a busy area of Obalende, a popular district of the megalopolis. "At my place, you can buy … [Read more...] about From coffee to toothpaste, Nigerians buy small as hardships bite

Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments

The Government Office last week issued Dispatch No.4648/VPCP-KTTH to the Ministry of Finance (MoF) requiring it to continue proposing a reduction of taxes and fees related to fuel and consumption, especially those that can cause an increase in input costs for production and business. Rough waters remain in fuel price pressure “This aims to help reduce costs and selling prices of products in service of exports, production, and business, contributing to controlling inflation and supporting the government’s monetary policy in the short and medium term,” the dispatch stated. The MoF has also proposed to the government a plan to halve the preferential import tax for petrol and oil from the existing 20 to 10 per cent, in order to help reduce the prices of these items in the local market. Meanwhile, the Vietnamese government has also submitted to the National Assembly a plan on reducing the special consumption tax and VAT for October. According to the General Statistics … [Read more...] about Rough waters remain in fuel price pressure

Digital payment service provider Visa announced earlier this week the launch of Visa Eco Benefits in the Asia-Pacific region in order to meet increasing demand for sustainable financial services. Eco Benefits is a suite of sustainability-focused solutions that will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments, the multinational company said in a press release on Wednesday. They can calculate the carbon footprint generated by their Visa transactions, and access options for carbon offsetting or charitable donations from their bank’s website or app. Banks in Asia Pacific that sign up for Eco Benefits will be able to offer these solutions to their Visa cardholders and meet a growing demand for sustainable financial services. Sixty-six percent of consumers in the Asia-Pacific region expect their bank to offer eco-friendly payment solutions, according to a new Visa/YouGov survey. Over half (52 percent) would switch … [Read more...] about Visa launches eco-friendly payment solutions in Asia Pacific

A Long Chau drugstore. The pharmaceutical retail market was seeing the rapid expansion of modern drugstore chains. — Photo FPT Retail The winds of change are blowing through Viet Nam’s retail pharmaceutical industry, with giants wrapping up investments to establish modern retail chains in an anticipated fast-growing market, which mom-and-pop stores currently dominate. After Pharmacity, FPT’s Long Chau, and Mobile World Investment Corp’s An Khang pharmacy chains, Masan Group is supposedly gearing up preparations to enter the pharmaceutical retail market. According to the national portal about business registration, Winphar Trading Services Corporation was founded on March 31 with WinCommerce, holding a stake of 80 per cent, Do Thi Hoang Yen and Tran Phuong Bac, 10 per cent each. WinCommerce, a member of Masan Group, currently operates the most significant nationwide grocery modern trade retail platform Winmart and Winmart+ while Yen and Bac both held important positions at … [Read more...] about Giants reshape retail pharmaceutical market

What are the concerns surrounding the Uyghur Forced Labor Prevention Act (UFLPA) implementation among Vietnamese garment exporters to the US? Association chairman Vu Duc Giang Some of the concerns are real. Since the UFLPA became effective in June, Vietnam has witnessed certain impacts on its garment exports to the US. Vietnam has maintained its position as the world’s third-largest cotton importer with a volume of 1.5 million tonnes per year. This includes 800,000 tonnes of cotton imported from the US, accounting for 60 per cent of the total imports. In January 2021, US Customs and Border Protection announced a ban on raw fibres, apparel, and textiles made from Xinjiang-grown cotton, which also covers cotton products made in third countries. Customs will detain imported merchandise unless the importer can prove by clear and convincing evidence that the goods were not from Xinjiang. What is the status of the recommendations from the US on Chinese cotton? Vietnam … [Read more...] about Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market