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
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Retail market forecast to bustle this year
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
Co Loa Temple Festival opens
Co Loa Citadel represents the thousand-year history of the nation. This annual event is held to pay tribute to King An Duong Vuong, founder of the ancient Vietnamese kingdom of Au Lac, who led the fight against foreign enemies and ruled the country for 50 years in the 3rd century BC. The colorful festival of Co Loa Temple will take place until February 6. Photo: VNA At the opening of the festival, Dong Anh District People's Committee Chairman Nguyen Xuan Linh recalled that more than 2,300 years ago, after leading the resistance war against more than 50,000 Qin soldiers, King An Duong Vuong established the capital of the Au Lac Kingdom in Co Loa. “This is one of the extremely valuable historical sites with unique architecture and also an important archaeological site of the country,” he said. "The Co Loa citadel has become a symbol of the proud ancient Vietnamese civilization," he added. Being considered one of the oldest festivals in Vietnam, Co Loa … [Read more...] about Co Loa Temple Festival opens
Prime Minister praises Ring Road 4 project’s land clearance
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