Unsustainable development

Illustrative image (Photo: vietnamnet) Hanoi (VNA) – The bustling game market in Vietnam is offering numerous opportunities for developers, according to experts. Le Quang Tu Do, Director of the Authority of Broadcasting , Television and Electronic Information under the Ministry of Information and Communications (MIC), cited data from App Annie 2020 showing that Vietnam ranked seventh in the world and second in Southeast Asia in the number of game downloads. Meanwhile, the country also ranked third in the top 10 game application manufacturers in the region. For every 25 games downloaded, there is one produced in Vietnamese studios. According to the statistics of Sensor Tower and the Vietnam Game Studio Club, there are currently about 5,000 games produced by Vietnamese people, mostly for children, entertainment, and education. Do said that the wage of each game developer in Vietnam is about 187 million VND (7,975 USD) per year, while that of each artist is abour 389 million … [Read more...] about Local game developers eye great opportunities at home

Prime Minister Pham Minh Chinh asked the ministries to quickly resolve the relevant issues to keep the ring road project moving forward as planned. Hanoi and the two provinces of Bac Ninh and Hung Yen have made big progress in land clearance for the construction of the Ring Road 4, Prime Minister Pham Minh Chinh said on January 27. Prime Minister talks to local people that live in the area of the Ring Road 4 on January 27. Photo: Vietnam News Agency At the moment, Hanoi municipal  authorities have developed a land clearance plan for the whole 58.2-kilometer stretch of the ring road that runs through Hanoi. The capital has relocated almost two fifths of all the graves found along the ring road. Hung Yen Province has cleared land in Van Giang, Khoai Chau, Yen My and Van Lam districts and moved almost 16% of all graves along the ring road. Meanwhile, Bac Ninh Province does not have a plan to relocate graves and cemeteries in the project area, but Bac Ninh … [Read more...] about Prime Minister praises Ring Road 4 project’s land clearance

Co-organized by the Ministry of Natural Resources and Environment, the Ministry of National Defense and Hanoi municipal authorities, the tree-planting festival started a series of activities nationwide for the program “For a green Vietnam” with an aim to plant 22.5 million trees this year. Speaking at the event, Prime Minister Pham Minh Chinh recalled that 64 years ago, President Ho Chi Minh called on the entire people to respond to the tree-planting month which has become a tradition every lunar new year since then. According to him, Vietnam’s forest coverage expanded from 28% in 1990 to over 42% in 2022, absorbing over 70 million tons of carbon dioxide. The PM highlighted Vietnam's commitment to achieve net zero by 2050 and expressed his belief that the tree-planting campaign 2023 will produce positive achievements, helping the country deliver its commitment and contributing to national development. At the launch ceremony, he joined delegates in planting 3,000 trees at the … [Read more...] about Prime Minister launches New Year tree-planting festival

According to the Ministry of Industry and Trade (MoIT), the scale of the Vietnamese retail market is USD 142 billion, which is expected to reach USD 350 billion in 2025, with contribution of 59% to total GDP. Last year, the total revenue from retail sales of goods and services rose 21%, exceeding the target of 8%. A survey by Vietnam Report showed that over 53.8% of total retail firms enjoyed similar and higher business results compared to the pre-pandemic level. Experts held that growth of retail sales is being supported by rise in income and the strong recovery of the tourism sector as well as relevant sectors such as transport and accommodations, as well as the effectiveness of inflation control measures. Particularly, from now to the lunar New Year (Tet) Festival, which falls in late January, consumers are predicted to loosen their wallet dramatically. At the same time, there are signs of vibrant retail activities as many foreign investors have announced their plans to … [Read more...] about Retail market forecast to bustle this year

The Ministry of Construction (MoC) has set a target of raising the urbanisation ratio of the country to 53.9 per cent in 2023. Apartments in Hanoi. In 2022, Vietnam's urbanisation ratio increased by 1.2 per cent to 41.7 per cent. According to head of the MoC Office Đậu Minh Thanh, urban planning, management and development has been defined as one of the three breakthrough stages of the sector. In 2022, the country's urbanisation ratio increased by 1.2 percentage points to 41.7 per cent, he noted, adding that in the year, the ministry recognised five areas as tier-4 urban areas. As of November 2022, the country had 888 urban areas, including two special-type areas, 22 tier-1, 33 tier-2, 47 tier-3 and 94 tier-4 urban areas. Thanh said that in 2023, the ministry will focus on implementing the Government's action plan to realise Resolution No.06-NQ/BCT on sustainable urban planning, construction, management and development until 2030 with a vision to … [Read more...] about Urbanisation ratio expected to reach 53.9 per cent in 2023

Pallas said the presence of a carrier from Southeast Asia is a victory of Victoria state’s economy and brings job opportunities to the locality, reflecting the state’s tourism and export strengths. VietJet will run three direct weekly flights from Ho Chi Minh City to Melbourne airport from April and will develop it into a daily service in December 2024. Its flights are expected to bring more than 136,000 passengers to Melbourne each year and add 97 million USD annually to the state's economy. VietJet will be the second Vietnamese airline to operate flights to Melbourne since after the COVID-19 pandemic. Previously, Vietnam's new-generation Bamboo Airways also launched the service in April 2022. Vietnam is now the ninth largest importer of Victoria state, with 113 million AUD (80.5 million USD) worth of Australian goods transported via airway during 2021-2022, up 77% compared to 2020-2021. Victoria state is also a popular tourist and study destination for Vietnamese. About 9,500 … [Read more...] about Australia’s Victoria state pins hope on Vietjet’s launch of flights

A street in Hanoi is flooded after heavy rains. (Photo: VNA) Hanoi (VNA) – Alongside urbanisation , flooding in cities of Vietnam, a country highly vulnerable to climate change, is getting complicated and needs concerted solutions, according to experts. There are more than 800 cities nationwide, including the two special municipalities of Hanoi and Ho Chi Minh City. Big and populous cities such as Hanoi, Ho Chi Minh City, Da Nang, and Vinh of Nghe An province have frequently suffered from heavy losses caused by downpours and flooding. Nguyen Van Tien, Deputy Director of the Vietnam Disaster Management Authority under the Ministry of Agriculture and Rural Development, said Vietnamese cities, especially major ones, are centres of economic, social, and cultural activities and also concentrations of infrastructure facilities and residential areas. They are exposed to many disaster risks, including flooding, which requires proactive preventive and timely response measures. … [Read more...] about Urban flooding needs concerted solutions

The sector should continue to follow policies and guidelines adopted by the Party and the State, while closely coordinating with ministries, agencies and localities to fulfill socio-economic tasks, he said. Priorities should be given to maintaining the macro-economic stability, controlling inflation, spurring growth and ensuring major economic balances, the leader continued. Prime Minister Pham Minh Chinh asked the State Bank of Vietnam (SBV) to improve its analyzing and forecasting capacity, provide timely consultancy and flexibly respond to developments of the domestic and international situation. The central bank was also urged to intensify inspection and supervision, ensure transparency, promote digital transformation, raise service quality, and support innovations and small- and medium-sized enterprises. It needs to further consolidate monetary institutions, mechanisms and policies to create a concerted legal corridor, thus giving a push to the monetary and credit markets, … [Read more...] about Prime Minister urges banking sector to make more innovations

PANO – Cao Bang province on December 15 th solemnly organized a ceremony to mark the 70 th founding anniversary of the Vietnam People’s Army (VPA) and 25 th anniversary of whole people’s defence day, and announce Tran Hung Dao forest’s recoginition as a special national relic site. The event was attended by State President Truong Tan Sang. Opening the ceremony, Secretary of Cao Bang Provincial People Committee and Chairman of the provincial People’s Council Ha Ngoc Chien recalled the establishment and victorious revolutionary traditions of the VPA and the province. Art performance at the ceremony On December 22 nd , 1944, as instructed by President Ho Chi Minh, the Vietnam People’s Army (VPA) was founded in Tran Hung Dao forest in Tam Kim commune, Nguyen Binh district, Cao Bang province. Of the first 34 soldiers of the army at that time, 25 were from ethnic minorities in Cao Bang. Three days after its establishment, with ingenuity and couragousness, … [Read more...] about Cao Bang marks VPA’s 70th founding anniversary

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat. PM Pham Minh Chinh joins in tree planting at the relic site (Photo: VNA) Co-organised by the Ministry of Natural Resources and Environment, the Ministry of National Defence and Hanoi municipal authorities, the tree planting festival started a series of activities nationwide for the programme “For a green Vietnam” with an aim to plant 22.5 million trees this year. Speaking at the event, PM Chinh recalled that 64 years ago, President Ho Chi Minh called on the entire people to respond to the tree planting month which has become a tradition every lunar new year since then. According to him, Vietnam’s forest coverage expanded from 28% in 1990 to over 42% in 2022, absorbing over 70 million tonnes of carbon dioxide. … [Read more...] about Prime Minister launches New Year tree planting festival