We visited hanoi which is the capital of vietnam

Follow us to see the latest news about Vietnam. Kon Tum - Ngoc Linh Ginseng Festival to be held every two years The event will include activities such as an exhibition showcasing Ngoc Linh ginseng and other medicinal herbs related to the development of tourism and the life of ethnic communities. Distinctive tourism products related to Ngoc Linh ginseng and other " One Commune One Product " (OCOP) products and various cultural and sports activities will be displayed. Vietnam hosts world's first post-pandemic meeting of instant noodle producers Acecook Vietnam production line. Photo courtesy of the company The first post-pandemic meeting of the World Instant Noodle Association was recently held in Ho Chi Minh City. This is also the first meeting of the association in Vietnam. The meeting brought together 13 companies from 11 countries and two research institutes. Acecook Vietnam was the only Vietnamese noodle producer to attend the event. Vietnamese … [Read more...] about Vietnam news in brief – October 3

Under the golden sunshine and fresh breeze, the Hanoi Autumn Festival was successfully held over the weekend, attracting large crowds of visitors. With the theme "Hanoi Autumn: Come to Love," the Hanoi Autumn Festival 2023 was successful as its diverse program of activities attracted about 80,000 visitors, according to the head of the Tourism Promotion Department. On October 1, the Hanoi Autumn Carnival, part of the Hanoi Autumn Festival, was held in a lively and colorful way in the pedestrian area of Hoan Kiem Lake. A booth selling banh cuon (steamed rice crepe) at the Hanoi Autumn Festival. Photo: Moc Mien/The Hanoi Times Held under the theme "Bright Colors of Autumn," the festival featured performances by art groups and the presence of women dressed in ao dai (traditional long robes), which added a charming touch to the event. Nguyen Thi Chanh, head of the Muong Gong Club in Phu Man commune, was happy that her ancient gong … [Read more...] about Hanoi Autumn Festival is a success: 80,000 people attend

The Vietnam Craft Village Festival 2023 will take place from November 9 to 12 in Hanoi to promote craft village products and tourism. Ninety award-winning products from the Hanoi Handicraft Design Contest 2023 will be showcased at the Vietnam Craft Village Festival 2023 , held on November 9 at the Imperial Citadel of Thang Long in Hanoi. Hanoi honors award-wining products from the contest at a ceremony. Photo: VGP The city's People's Committee awarded 90 winning products, including 6 first prizes, 18 second prizes, 24 third prizes, and 42 consolation prizes in six categories of handicrafts. With the theme of "Elevating Creativity - Spreading the Essence of Hanoi's Handicrafts", the contest attracted 146 organizations, individuals, and artisans who submitted 355 entries in the categories of ceramics, lacquer, bamboo, rattan, pearl inlay, stone, wood, art horn, silk embroidery, and other handicrafts. The city's handicrafts continue to uphold important … [Read more...] about Vietnam Craft Village Festival 2023 celebrates Hanoi award-winning products

Vietnam has received 41.2 million USD, equivalent to 80% of the total funding, from the World Bank for 10.3 million tonnes of CO2 as a result of its efforts to reduce carbon emissions in deforestation and forest degradation until 2025.(Photo: kinhtenongthon.vn) Hanoi (VNA) – Vietnam has received 41.2 million USD , equivalent to 80% of the total funding, from the World Bank for 10.3 million tonnes of CO2 as a result of its efforts to reduce carbon emissions in deforestation and forest degradation until 2025, according to Director of the Forestry Department under the Ministry of Agriculture and Rural Development (MARD) Tran Quang Bao. At a workshop held in Hanoi on September 27, Bao said under the Emission Reductions Payment Agreement (ERPA) signed between Vietnam and the World Bank’s Forest Carbon Partnership Facility (FCPF) in October 2020, Vietnam could receive up to 51.5 million USD if the country is able to reduce 10.3 million tonnes of carbon dioxide emissions from six … [Read more...] about Vietnam gets 41.2 million USD in emission reduction payments

The project will enhance transportation connectivity, attract investment, ease traffic congestion on National Highway 3 leading to Noi Bai International Airport, and facilitate access to central Hanoi. The Hanoi People’s Committee [today] October 2 inaugurated the US$27-million road connecting the Soc Son satellite urban area to Vo Nguyen Giap Street. Delegates at the ceremony. Photos: Trong Tung/The Hanoi Times Work on the five-kilometer road, funded by the People's Committee of Soc Son District, started on July 28, 2020. It comprises the main route and service roads, designed for a speed limit of 70 kilometers per hour, with a cross-section width of  40 meters to 50 meters. The investment in the project encompasses comprehensive and modern upgrades to the foundation, road surface, sidewalks, landscaping, and lighting infrastructure. The total investment in this endeavor amounts to nearly VND659 billion ($27 million), of which VND257.4 billion ($10.5 … [Read more...] about Hanoi completes $27-million road to Soc Son satellite urban area

Accelerated government spending is expected to boost demand in the remaining months of the year. ADB’s Principal Country Economist Nguyen Ba Hung shared his thoughts on Vietnam’s economic performance and its prospects for 2023 with The Hanoi Times. ADB’s Principal Country Economist Nguyen Ba Hung. What is the primary obstacle confronting Vietnam's economy for the remainder of the year? In the first half of 2023, Vietnam experienced a slowdown in GDP growth, with growth projected at only 3.7% compared to the positive momentum seen last year, when GDP grew 6.5% in the first half and 9.5% in the second half, resulting in an annual growth rate of 8% for the whole of 2022. One factor contributing to GDP growth in recent years has been public investment's sustained and steady growth. However, significant internal challenges have emerged during the Covid-19 pandemic. Vietnam's economy heavily relies on exports and foreign direct investment (FDI) … [Read more...] about Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB

Energy is one of the key pillars in Vietnam-Germany relations over the past decades with a series of projects and programs operated by The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) – the German Development Agency. A delegation of nearly 50 German companies led by Minister-President of the German state of Lower Saxony , Stephan Weil, has expressed their interest in renewable energy and energy efficiency , the field in which the Federal Government of Germany has cooperated with Vietnam for years. Vietnam's Prime Minister Pham Minh Chinh (R) and Minister-President of the German state of Lower Saxony , Stephan Weil, in Hanoi on October 1. Photo: VGP Other fields of potential cooperation that the Lower Saxony’s government and businesses want to focus on include vocational training, skilled labor migration, tourism, digitalization, and Industry 4.0. The issues were stated by Prime Minister-President Stephan Weil at … [Read more...] about Lower Saxony wants to invest in energy transition in Vietnam

Masan is operating 3,500 supermarkets and convenience stores nationwide. (Photo: VNA) Hanoi (VNA) - Vietnamese conglomerate Masan Group on October 2 said it has secured funding of at least 200 million USD from Bain Capital , one of the world’s leading private investment firms with approximately 175 billion USD in assets under management. The investment would be in the form of convertible dividend preference share at a price of 85,000 VND (3.5 USD) per share which can be converted into ordinary shares at a 1:1 conversion ratio, Masan said in a statement, adding that proceeds would be used to strengthen its financial positions. Danny Le, General Director of Masan Group , said Masan wishes to cooperate with Bain Capital to promote its vision in which consumers are put at the centre, thus becoming a platform serving their daily needs. Barnaby Lyons, a leader of Bain Capital, noted his belief that Masan has many solid foundations, and a suitable vision and growth … [Read more...] about Vietnam’s Masan Group secures 200 million USD investment from Bain Capital

With the presence of leading renewable energy developers in Vietnam, Denmark has contributed international resources to the country’s net-zero journey. Denmark in Your Eyes – an annual painting competition launched in Vietnam in 2016 – is an activity demonstrating Vietnam-Denmark cooperation in green growth in recent years. Ambassador of Denmark to Vietnam Nicolai Prytz speaks at the launch of Denmark in Your Eyes competition 2023. Photo: Danish Embassy in Hanoi The competition has “added a lot of value to strengthening our two countries’ long-term cooperation on promoting green and sustainable development,” said Ambassador of Denmark to Vietnam Nicolai Prytz. With more than 18,000 paintings submitted in the last competition, it shows the great popularity of the event among schoolchildren all over Vietnam. For that reason, “it is an amazing playground for Vietnamese children, not only to express wishes about their future but more importantly to come up … [Read more...] about Green Future promotes Vietnam-Denmark cooperation for sustainable growth

Lower-than-expected growth in advanced economies and China could reduce external demand for Vietnamese exports. Vietnam's economic growth for 2023 is set to hit 4.7%, primarily influenced by weak domestic and external demand . Production of aircraft components at MHI Aerospace Vietnam. Photo: Pham Hung/The Hanoi Times The World Bank released the forecast in its latest East Asia and Pacific October 2023 Economic Update. However, there's optimism for a recovery in the following years, with growth expected to reach 5.5% in 2024 and 6.0% in 2025. The main driver of this growth will be domestic demand, although at a slower pace than in previous years. In terms of inflation, the Consumer Price Index (CPI) is projected to average 3.5% this year, largely due to scheduled increases in civil servant salaries. In the following years, assuming stable energy and commodity prices, inflation is expected to decline to 3.0% in both 2024 and 2025. On the fiscal side, … [Read more...] about Vietnam’s GDP growth forecast to expand by 4.7% in 2023: WB