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A family in Ha Tinh Province, north-central Vietnam uses plastic boxes to raise crabs, a unique farming model with high financial returns. Pham Thanh Son, 39, lives with his family in Cuong Gian Commune, Nghi Xuan District, Ha Tinh Province where they are expected to make a fortune raising crabs in plastic boxes. Son spent several years raising crabs in a lake, but the high financial risks convinced him it was worth traveling to southern Vietnam to try his hand at raising the crustaceans in plastic boxes. Crabs are raised in plastic boxes at Pham Thanh Son’s farm in Nghi Xuan District, Ha Tinh Province, Vietnam. Photo: Le Minh / Tuoi Tre Earlier this year, Son and his family built a 600-square-meter crab farm where they could raise crabs in 6,000 plastic boxes worth nearly VND700 million (US$29,800). Each of the plastic boxes measures 40 centimeters long, 22 centimeters wide, and 30 centimeters tall. They are all divided into two compartments, each … [Read more...] about Family raises crabs in plastic boxes in north-central Vietnam

Hong Leong Bank of Malaysia  has operated in Vietnam since 2009. - Illustrative image (Photo: VNA) Kuala Lumpur, (VNA) – Former Malaysian Ambassador to Vietnam Dato Azmil Zabidi has highlighted the close relationship between the two countries, stressing that trade and tourism cooperation are potential areas that need to be promoted. In a recent interview granted to the Vietnam News Agency’s correspondents in Malaysia on the occasion of the 50th founding anniversary of diplomatic ties between the two countries (March 30, 1973-2023), Zabidi said the increasing trade turnover between Vietnam and Malaysia is an important achievement and a testament to the bilateral cooperation . “When I first go to Vietnam in 2011, the bilateral trade between Malaysia and Vietnam stood at about 6.6 billion USD, and then when I left at the end of January 2016, the figure has grown to somewhere between 11-12 billion USD, nearly double.”, Zabidi said This shows that bilateral trade has been … [Read more...] about Potential remains for Vietnam – Malaysia trade, tourism cooperation: former diplomat

The Vietnam national football team are likely to be drawn against strong opponents in the 2023 AFC Asian Cup 2023 finals as they have been placed in the number three seed group, Pot 3, ahead of the tournament’s draw in May. In accordance with the latest FIFA rankings, Vietnam have been put in Pot 3 together with Bahrain, Syria, Palestine, Kyrgyzstan, and Lebanon. Vietnam may be drawn in the same group alongside regional powerhouses like Thailand, Malaysia and Indonesia, from the other seed groups. The hosts and defending champions Qatar are in Pot 1, alongside Japan, Iran, the Republic of Korea, Australia, and Saudi Arabia. Pot 2 sees the presence of Iraq, the United Arab Emirates (UAE), Oman, Uzbekistan, China, and Jordan, that all have higher positions than Vietnam in the FIFA rankings. Finally, Pot 4 draws the participation of India, Tajikistan, Hong Kong (China), and three other Southeast Asian representatives: Thailand, Malaysia, and Indonesia. The … [Read more...] about Vietnam to face strong rivals at 2023 AFC Asian Cup

Core5 Vietnam breaks ground on its second world-class industrial project in Quang Ninh Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation (Japan), held the ground-breaking ceremony for the Core5 project in DEEP C Quang Ninh 2 in the Quang Yen Coastal Economic Zone on March 29. Given its prime and strategic location, Core5 Quang Ninh offers convenient accessibility to its tenants. The site is only a two-hour drive to the Mong Cai International Border with China, 14km to the Lach Huyen International Deepwater Port, 20km to Cat Bi International Airport, and has direct accessibility to Hanoi via the Haiphong motorway. The project provides ready-built factories for lease with a terraced design and workshop and warehouse areas ranging from around 2,800sq.m up to 18,200sq.m. Each unit will be equipped with the Core5 Vietnam signature curved curtain-wall office, necessary utilities, a firefighting and protection system in the factory area, dry … [Read more...] about Core5 Vietnam breaks ground on second industrial project in Quang Ninh

This business delegation has been the biggest US delegation in Vietnam to date, with over 50 American companies joining. Can we expect a new wave of US investment in the coming year? Ted Osius - Former US Ambassador to Vietnam and current president and CEO of the US-ASEAN Business Council It’s a historic mission in that it’s the biggest that we’ve ever seen, and it also comes on the 10th anniversary of the comprehensive partnership between the US and Vietnam. We’ve made a lot of progress during those 10 years. And the fact that more than 50 companies are here this week is an indication of the strong confidence in Vietnam. The Vietnamese economy grew more than 8 per cent last year, while inflation is so low, so businesses see plenty of opportunities here. What has been fascinating to me is the extent to which a red carpet has been rolled out for our companies. I think it’s because the leadership of Vietnam wants to show that they wish to get down to business. At the … [Read more...] about US companies ready to commit to large-scale action in Vietnam

Vietnam’s Party General Secretary Nguyen Phu Trong accepted the invitation by President Joe Biden to visit the U.S. during their phone talks focusing on promoting the two countries' comprehensive partnership on Wednesday night (Vietnam time). Throughout their phone talks, Trong and Biden reiterated their invitations for mutual high-level visits and they accepted the invites with pleasure. The two sides said they would direct their relevant agencies to arrange such visits at appropriate times. Expressing their delight that the talks offered them an opportunity to exchange views as Vietnam and the U.S. are celebrating the 10th anniversary of their comprehensive partnership, the two leaders lauded the fruitful development of the bilateral ties over the past years. They agreed to promote, develop, and deepen their relationship in the coming time in the interests of both nations, as well as for peace, cooperation, and development in the region and the world, according to the … [Read more...] about Vietnam’s Party chief Nguyen Phu Trong accepts President Biden’s invitation to visit US

The fourth defence policy dialogue between Vietnam and the UK in Hanoi on March 29 (Photo: qdnd.vn) Hanoi (VNA) – Vietnam and the UK held the fourth defence policy dialogue in Hanoi on March 29 under the chair of Vietnamese Deputy Defence Minister Sen. Lt. Gen. Hoang Xuan Chien and The Baroness Goldie DL , Minister of State at the British Ministry of Defence, reported the Quan doi Nhan dan (People's Army) daily. Chien said as the two countries are celebrating the 50th anniversary of their bilateral diplomatic ties this year, their strategic partnership has continued to be promoted, with defence cooperation remaining an important factor of bilateral relations. Goldie affirmed that the defence ties have been developing strongly and recording good outcomes. At the dialogue, the two sides shared the view that defence cooperation has continued to be implemented in the right direction and in line with the countries’ commitments in the memorandum of understanding on … [Read more...] about Vietnam, UK hold fourth defence policy dialogue

Illustrative image (Photo: VNA) Hanoi (VNA) – Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year. According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, in the first quarter, Vietnam attracted nearly 5.45 billion USD in foreign direct investment ( FDI ), down 39% year on year. Of the total, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in capital compared to the same period last year. Among these new projects, the combined capital of under-1-million USD projects accounted for only 2.2% of the total newly-registered investment. Meanwhile, some 1.2 billion USD was added to 228 existing ones, representing a hike of 3% in a number of … [Read more...] about Foreign SMEs pour capital into Vietnam

The Assembly passed with consensus the resolution, which requests the ICJ to give its opinions regarding the obligations of countries when it comes to environmental protection, as well as legal responsibilities of nations that have caused negative impacts of climate change. The resolution was proposed by Vanuatu and a core group of 18 countries, including Vietnam. It would be the first time the ICJ gives its legal opinions on climate change. The Ministry of Foreign Affairs said Vietnam has promoted the development for a draft resolution through multiple meetings and rounds of consultations. Vietnam’s contribution to the promotion of the initiative reaffirms the country’s international commitments, as well as highlighting Vietnam’s role as a responsible member when it comes to solving global issues. Vietnam stressed that climate change is happening in a complex manner, and the adoption of the resolution is just the beginning step. Vietnam also called for countries to participate … [Read more...] about Vietnam promotes resolution on climate change at UN General Assembly

Ambassador Dang Hoang Giang , Vietnam’s Permanent Representative to the United Nations (UN), as Vice-President of the UN General Assembly , adopts the resolution (Photo: VNA) New York(VNA) -  Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), as Vice-President of the UN General Assembly, on March 29 chaired its discussion and vote on a resolution asking the International Court of Justice (ICJ) to define the obligations of states to combat climate change. The resolution was put forward by Vanuatu and a “core group” of 18 countries, including Vietnam. Under the resolution, UN member states requested the world court to give opinions on the obligations of states under international law to protect the environment against greenhouse gas emissions, as well as on legal responsibilities of countries which have caused negative impacts of climate change on many other countries. With this resolution, the ICJ will, for the first time, … [Read more...] about Vietnam contributes to resolution seeking ICJ’s act related to climate change