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Ambassador Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN, speaks at the session (Photo: VNA) New York (VNA) - Vietnam supports the expansion of the United Nations Security Council (UNSC) in terms of both permanent and non-permanent members, with the fair representation of groups of nations, especially underrepresented ones, taken into account, Ambassador Nguyen Phuong Tra , Deputy Permanent Representative of Vietnam to the UN, has said. Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26, Tra also emphasised improving the working method of the UNSC and limiting the use of veto power. She highlighted the importance of dialogues and discussions on the council reshuffle within the IGN framework, suggesting that this process be carried out in a transparent manner, with the participation of all members, and on the basis of respecting the interests of … [Read more...] about Vietnam supports expansion of UN Security Council

Between VND150-200 trillion ($6.4-8.5 billion) in bonds are set to mature this year, and if the bond market is left to self-regulate, systemic risks could spread to the banking sector and the entire financial market, Cuong told VnExpress in an interview. Although Vietnam concluded 2022 with a strong post-pandemic recovery, several financial problems plagued the economy last year, among them bond market issues . As there were many high-profile arrests due to alleged misconduct in bond issuance, companies prematurely redeemed VND210.57 trillion worth of their own bonds last year, up 46% from 2021. Although the market could be left to fix its own problems, Cuong said that it is recommended that the government intervenes with policies to ensure post-pandemic recovery, as one problem in the market could shake the market in a major way this year. He added that in the 2008 financial crisis, the U.S. government initially let the market corrects itself, but after Lehman Brothers … [Read more...] about Vietnam government should intervene in bond market: ADB economist

All major streets in Vietnam’s tourist highland city of Da Lat were packed with vehicles on Thursday, the last day of the seven-day Tet break (2023 Lunar New Year) as so many personal cars and passenger vans traveled to the city. The traffic jams were serious as so many vehicles entered the city center even though the number of visitors during this Tet was not too big compared to last year’s edition, as noted by Tuoi Tre (Youth) newspaper reporters. Tran Manh Son, a visitor from Ho Chi Minh City, told Tuoi Tre that it took him nearly an hour to drive his family in his car for a distance of about three kilometers from a hotel on Trieu Viet Vuong Street to Tran Hung Dao Street. “Cars and larger vehicles were overloaded everywhere, so many cars inched a bit, as slow as walking,” Son said. The area of Xuan Huong Lake was constantly congested from 8:30 am to 11:00 am, and the same situation was recorded in many other sites, including the city’s flower garden, the Ong Dao … [Read more...] about Vietnam’s Da Lat City overcrowded with vehicles of Tet goers

The negotiation of the Paris Peace Accords (signed January 27, 1973) was one of the longest running negotiations in the history of international diplomacy. Why did it take 5 years for the Accords to be signed? An international negotiation would normally only take several days, or several months. But negotiations for the Paris Accords lasted almost 5 years for many reasons, including politics, complex historical contexts and unpredictability on the battlefield. First, the stances taken by U.S. officials and the Democratic Republic of Vietnam at the beginning of negotiations were vastly different, almost opposites of each other. The Democratic Republic of Vietnam asked the U.S. to pull its troops out of the South and end its military intervention, while the U.S. wanted the opposite, arguing that their role was necessary to maintain stability in the South. There were many times when negotiations had to stop as both sides could not reach an agreement on this key point. Second, … [Read more...] about Paris Peace Accords decisive condition for Vietnam’s unification

This was a turning point in the national history, creating a new advantage for Vietnam’s struggle, contributing to the Spring 1975 General Offensive, which ultimately liberated the South and reunified the country. A fight on battlefield of diplomacy Since 1965, together with sending troops to invade the Southern region and conduct the destructive warfare in the Northern region, the U.S. conducted numerous diplomatic campaigns, with an aim to force Vietnam to negotiate unconditionally. Under this scenario, the Party affirmed the determination to fight against the invaders. During the 13th conference of the Party Central Committee in January 1967, the Party decided that the political and military warfare in the Southern region was a decisive factor for the victory in the diplomatic battlefield. After the Spring 1968 General Offensive and Uprising, the Paris Peace Conference was opened in Paris in May 1968, beginning a fierce fight on the diplomatic battlefield. The conference … [Read more...] about Paris Peace Accords – a victory of Vietnam’s diplomacy

The VN-Index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), closed above the resistance area of 1,100 points, equivalent to 1,120 points of the VN30-Index, in the last trading week. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. 2022 was an eventful year for the Vietnamese stock market with many records set. After a prosperous 2021, the VN-Index continued to stay at its historic peak for the first three months of 2022. However, the market then declined, putting itself on the list of the worst performers in the world. As of December 27, the benchmark had dropped 34.2% to 1,004.57 points, from the 1,520-point peak … [Read more...] about Positive prospects for Vietnam’s stock market this year

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

This year, the Lunar New Year comes earlier, with the joy from the country’s economic recovery from the COVID-19 pandemic. The typical features of Tet include “banh chung”, red couplets, apricot blossoms, and peach blossoms, which are present along streets everywhere. For those who are far from home, the Lunar New Year is an opportunity to return and reunite with family members, visit parents, relatives and friends, and wish each other a peaceful, healthy and happy New Year. As for expats living in Vietnam and tourists in the country during this occasion, the traditional Lunar New Year is a unique holiday, giving them truly memorable experiences. The Tet atmosphere seems more bustling this year as the country has reopened its borders to welcome international visitors since last March. The Lunar New Year is fast approaching. Some may feel nostalgic about many things from the old year, but it is time to temporarily put aside such thoughts and welcome a New Year with … [Read more...] about Vietnamese Tet inspires foreigners

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

Former Deputy Prime Minister Vu Khoan (Photo: chinhphu.vn) Hanoi (VNA) – The signing of the Paris Agreement on Ending the War and Restoring Peace in Vietnam on January 27, 1973, had brought a special spring to the northern region, when for the first time in the resistance war there was no air-raid siren and no evacuation, former Deputy Prime Minister Vu Khoan told Vietnam News Agency during a recent interview on the occasion of the agreement's 50th signing anniversary. At the signing ceremony of the Paris Agreement on Ending the War and Restoring Peace in Vietnam on January 27, 1973. (Photo: VNA) On January 23, 1973, the Paris Agreement on ending the war and restoring peace in Vietnam was initialed by two special advisers Le Duc Tho and Henry Kissinger. On January 27, 1973, the Foreign Ministers of the four parties, including the US, the Democratic Republic of Vietnam, the Provisional Revolutionary Government of the Republic of South Vietnam and the Republic of … [Read more...] about Paris peace accords brings spring of freedom to nation: former Deputy PM