“High budget overspending is expected to last during the coming years because the government continues to apply a loosened fiscal policy to support the economic growth” A soaring trade deficit and budget overspending will continue fuelling the country’s macroeconomic instability. Many National Assembly deputies said continued big trade deficit and budget overspending were the two direct major causes of macroeconomic instability in 2010 and during the following years. “The country’s macroeconomy is continuing to be unstable and is exposing more risks,” said National Assembly Economic Committee vice chairman Vu Viet Ngoan. The government reported that Vietnam’s total export and import turnovers were estimated to be $68 billion and $81.5 billion, respectively, in 2010. The trade deficit of $13.5 billion was estimated to be equivalent to 19 per cent of total export turnover. This came in line with the government’s goal to curb the trade … [Read more...] about Negative indicators sparking concerns Top News , News headlines from Vietnam and the world
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Top international chefs set to grace Hà Nội
Viet Nam News HÀ NỘI - Seven celebrated chefs from Italy, France, Việt Nam, Thailand and China will flex their culinary muscles during the Les Aromes Festival 2016 - an annual gastronomy event organised by Sofitel Legend Metropole Hanoi. The chefs will showcase their creations at five wine dinners and eight delectable events during the festival, scheduled to take place at the hotel from October 10 to November 23. Headlining this year's event is Paolo Vitaletti, chef and owner of Italian trattoria, Appia, in Bangkok. Vitaletti, who has cooked for Angelina Jolie, Mick Jagger and Mark Zuckerberg, is set to host a number of lunches and dinners featuring authentic Roman-style dishes like handmade paccheri carbonara and cavatelli with lamb ragu at the Metropole's Angelina fine-dining restaurant. Some of Vitaletti's signature dishes will become part of the permanent menu at the restaurant when the festival ends. Executive pastry chef and baker Christophe Grilo returns to the hotel for a … [Read more...] about Top international chefs set to grace Hà Nội
Readers Review: Why read Việt Nam News?
Viet Nam News Readers ranging from foreign diplomats to local businesspeople - and expats falling somewhere in between - all have their own reasons for reading Viet Nam News. Ha Chan Ho, senior strategic advisor to Samsung Electronics Vietnam I have been living in Viet Nam for more than four years, and I have been reading Viet Nam News every day. I usually start with the front page, followed by the national and business sections as well as lifestyles. If I had more time, I would read all the pages. I found that by reading Viet Nam News daily, I can understand more about Viet Nam and get all the information I need about the country. I feel that this newspaper has become a very important part of my daily life. Việt Nam has a lot of newspapers and television networks. But there are not many English media outlets. Việt Nam News is the only national English daily newspaper. The foreign community in Việt Nam is getting bigger, and I believe that they need more information about Việt … [Read more...] about Readers Review: Why read Việt Nam News?
Art & Entertainment News Headlines 12/2
Ethnic spring festivals on show this month An annual festival that features the cultural colours of Vietnam's 54 ethnic groups through their New Year celebrations will take place at the Culture Tourism Village of Vietnamese Ethnic Groups in Hanoi from February 15-17. During the event, which will be hosted by the Ministry of Culture, Sports and Tourism, visitors can take part in a wide range of cultural activities. They will include a rite to pray for peace, favourable weather and a good crop of the Lo Lo ethnic minority group in the northern mountainous province of Ha Giang and a festival to welcome the New Year of the Dao ethnic group in Hoanh Bo district of the northeastern province of Quang Ninh. In addition, the New Year celebration of the Thai people and the gong festival of the Muong people in northern Hoa Binh province will also be presented at the event. The husband-catching festival of the Chu Ru people in the Central Highlands province of Lam Dong, and the rice planting … [Read more...] about Art & Entertainment News Headlines 12/2
Party leader’s visit to China hits foreign media headlines
News agencies and radios, such as Xinhua, AFP, RFI, BBC, and RFA, all cited the Vietnamese leader and General Secretary of the Communist Party of China (CPC) Central Committee Hu Jintao as saying that Vietnam and China have made important achievements in every field of their bilateral relationship. They have also decided to establish a hot line between the two parties’ top leaders, with a view to strengthening China-Vietnam relations. Hong Kong’s Shang bao newspaper on June 2 quoted Chinese Premier Wen Jiabao as saying that the CPC and the Chinese government always attach great importance to developing relations with Vietnam. … [Read more...] about Party leader’s visit to China hits foreign media headlines