In the first two months this year Vietnam’s average rice price was over $519 per ton. Since August last year, it has exceeded Thai prices by $15-27 and prices from India by $40-50. Although Vietnamese export volumes dropped 20.9% year-on-year to $400,000 tons in January, prices rose 7% over the period. Last year rice exports from Vietnam reached a 10-year high of 7.1 million tons. The country plans to export 6.6 million tons of rice this year, with 4.12 million tons in total scheduled to be delivered by the end of the first six months. Favorable export conditions are expected to return this year thanks to a resumption in demand from Indonesia and Bangladesh. Buyers will increasingly turn to Vietnam for rice as India has banned the export of broken rice and put a 20% tax on white rice. But the Ministry of Industry and Trade is concerned that the lack of diversification in export markets and dependence on China and the Philippines (the latter being the largest buyer of … [Read more...] about Vietnam rice price on top of the world
Vietnamese circus brothers perform in milan after setting last world record vnexpress international
UN warns ‘vampiric overconsumption’ is draining world’s water
The United Nations used its first conference on water security in almost half a century on Wednesday to exhort governments to better manage one of humanity's shared resources. A quarter of the world's population relies on unsafe drinking water while half lacks basic sanitation, the U.N. said. Meanwhile, nearly three quarters of recent disasters have been related to water. "We are draining humanity's lifeblood through vampiric overconsumption and unsustainable use, and evaporating it through global heating," said U.N. Secretary General Antonio Guterres. Ensuring access to clean drinking water and sanitation is part of the 17-point to-do list the U.N. has set for sustainable development, alongside ending hunger and poverty, achieving gender equality, and taking action on climate change. The three-day conference beginning on Wednesday in New York is not intended to produce the kind of binding accord that emerged from climate meetings in Paris in 2015, or a framework like the one … [Read more...] about UN warns ‘vampiric overconsumption’ is draining world’s water
A band performs a unique style of music on Hanoi walking street
The band was founded in 2018, and its name is quite long: Duca Community of Hoan Kiem Lake Walking Street, with the purpose of simply relaxing after working days. The crowd's cheers and applause and the sound of guitars and drums caught everyone's attention on the pedestrian street around Hoan Kiem Lake, a historical place famous for its peaceful beauty but now crowded. Kayla, one of the tourists from America who joined the audience, told The Hanoi Times : "It's different from the States. I am surprised that there is no lead singer, but the people around are singing loudly. I am lucky to be in Hanoi on the first day and already enjoy the vibes here". The atmosphere is lively and vibrant. Photos: Duca community of Hoan Kiem Lake Walking Street Kayla is one of many visitors who stumble upon the Duca Community of Hoan Kiem Lake Walking Street's Saturday night performance in Hanoi's pedestrian streets around Hoan Kiem Lake, which have a fascinating … [Read more...] about A band performs a unique style of music on Hanoi walking street
Major US companies laud Vietnam as strategic market
At a Wednesday meeting between Prime Minister Pham Minh Chinh and the delegation of the U.S.-ASEAN Business Council (USABC), the council's president Ted Osius said U.S. businesses consider Vietnam a strategic market and are ready to commit to long-term investments in the Southeast Asian nation. Osius said the delegation were highly supportive of the Vietnamese government’s moves towards a more digital and green society. He also encouraged steps the country has taken in infrastructure development, such as the construction of new highways and metro rail public transit options, the Vietnam Government Portal reported. U.S. ambassador to Vietnam Marc Knapper said the American grouping at the meeting was the largest U.S. business delegation to ever visit Vietnam. He said this confirmed the commitment of the U.S. government and the private sector to support a strong and prosperous Vietnam via cooperation. At the meeting, the delegation proposed new ideas and opportunities for business … [Read more...] about Major US companies laud Vietnam as strategic market
Moody’s lowers Techcombank ratings
Its currency deposit and issuer ratings were lowered from Ba2 to Ba3, the same level as several other banks in Vietnam. Its outlook is down from stable to negative. "The downgrade of Techcombank's ratings and assessments reflects Moody's expectations that the stress faced by Vietnam's real estate sector will negatively impact the bank's standalone credit strength, given its high exposure to the sector," the ratings agency said in a release. The downgrade is not related to recent U.S. bank failures and events at Credit Suisse Group AG, it claimed. As of the end of December loans to the property and construction sectors represented 29% of Techcombank's gross loans. The bank also had exposure to the sectors in the form of corporate bonds, which made up 6% of its total assets. Some of its exposure to the property sector were of significant size relative to its tangible common equity and could bring volatility to its profitability and capital should they become problem assets. … [Read more...] about Moody’s lowers Techcombank ratings
Ambassador highlights progresses of Vietnam-Italy relations over 50 years
At the meeting between Prime Minister Pham Minh Chinh and his Italian counterpart Giorgia Meloni in Brussels on December 14, 2022 on the occasion of the ASEAN-EU Commemoration Summit (Photo: VNA) Rome (VNA) – Despite ups and downs in the world situation over the past 50 years, the relationship between Vietnam and Italy has still developed positively and comprehensively with in-depth cooperation in all fields, both bilaterally and multilaterally, especially after they lifted their ties to a strategic partnership 10 years ago, according to Vietnamese Ambassador to Italy Duong Hai Hung. In an interview granted to the Vietnam News Agency on the occasion of the 50th anniversary of the Vietnam-Italy diplomatic relations, the diplomat said that Italy is an important partner and a loyal friend of Vietnam. In all meetings, leaders of Italy affirmed the country’s great attention and determination to promote the all-round bilateral relations, considering Vietnam as a priority for … [Read more...] about Ambassador highlights progresses of Vietnam-Italy relations over 50 years
Alexandre Yersin’s house in Vietnam becomes official historical site
The decision was signed by the Minister of Culture, Sports and Tourism Nguyen Van Hung on Monday upon a request by the central province of Khanh Hoa's People's Committee. Yersin, born in 1863, was a Swiss-French physician and bacteriologist who made several significant contributions to the international science world, including the co-discovery of Yersinia pestis, the bacterium responsible for bubonic plague. In 1914, Yersin centered his studies on Hon Ba Mountain, which is situated between two communes in Khanh Vinh and Cam Lam Districts. On its peaks, Yersin had a weather station built and performed studies on several plants. He also built a wooden house at the location as a place to stay while performing medicinal experiments. The house was eventually abandoned, and it became dilapidated over time until only the ruins of its foundations remained. In 2004, local Khanh Hoa authorities built a road leading to the top of Hon Ba. The Khanh Hoa Trading and Investment Company then … [Read more...] about Alexandre Yersin’s house in Vietnam becomes official historical site
Expert opinions on prospects of luring more foreign visitors to Vietnam
According to the General Statistical Office, the number of foreign visitors to Vietnam in 2022 only reached 3.66 million, a decrease of 79.7 per cent compared to 2019's peak. This poses the pressing dilemma of how to promote tourism further to attract foreign tourists. The following are expert comments from the roundtable entitled Seeking a Boost for Inbound Tourism, hosted by VIR in Hanoi on March 22. Ha Van Sieu, deputy director general of the Vietnam National Administration of Tourism Vietnam is a stunning tourist destination, but there are still many limitations that need to be improved. We are proud that we have achieved so much and are on the way to transformation and perfection. There will be a resolution made at the National Assembly in May offering a series of both short- and long-term solutions. The current tourism development strategy for this decade, and the upcoming tourism system planning up to 2030, clearly describe the viewpoints, orientations, … [Read more...] about Expert opinions on prospects of luring more foreign visitors to Vietnam
Vietnam, Italy enjoy strong partnership bilaterally and multilaterally
Italian Undersecretary of State for Foreign Affairs and International Cooperation Maria Tripodi. (Photo: VNA) Rome (VNA) – Over the past 50 years, breakthrough progress has been witnessed in the Italy-Vietnam relationship, both bilaterally and multilaterally, Italian Undersecretary of State for Foreign Affairs and International Cooperation Maria Tripodi told Vietnam News Agency . Tripodi said that Italy was one of the first western countries to set up diplomatic relations with Vietnam in 1973. Since then, the two sides have maintained their profound friendship and solidarity. During COVID-19, the Vietnamese Government presented Italy with more than 300,000 masks, while Italy provided Vietnam with over 2.8 million doses of COVID-19 vaccines, she noted. She underlined that for Italy, Vietnam is an important interlocutor and an essential partner to ensure balance and promote sustainable economic progress in the Indo-Pacific, a region that is playing a more central role than … [Read more...] about Vietnam, Italy enjoy strong partnership bilaterally and multilaterally
Congratulations extended to Lao party on 68th founding anniversary
Illustrative photo. Hanoi (VNA) – The Central Committee of the Communist Party of Vietnam on March 22 sent a congratulatory message to the Central Committee of the Lao People's Revolutionary Party (LPRP) on the occasion of its 68th founding anniversary (March 22, 1955 - 2023). The message wrote that “During the past 68 years, especially after 36 years of renewal, under the wise leadership of the LPRP, the Lao people have upheld the tradition of revolutionary heroism and overcome all difficulties and challenges to gain great achievements of historical significance in all fields, improving the prestige and position of the LPRP and Laos in the international arena. These achievements are the common joy of the two parties, states and peoples". The Party, State, and people of Vietnam always strongly and comprehensively support Laos’ renovation process and firmly believe that by inheriting the tradition of previous generations and promoting the obtained achievements, under the … [Read more...] about Congratulations extended to Lao party on 68th founding anniversary