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The country should have a high level of urbanization comparable to ASEAN and Asia by 2045. Vietnam aims to have at least five cities of international caliber to serve as locomotives for regional and international development networks by 2045, according to an action plan released by the Ministry of Construction (MoC) recently. Under the action plan, the ministry will execute two resolutions, one by Politburo and the other by the Government, on the sustainable development, management, and construction of urban areas in Vietnam by 2030 with a vision for 2045. Hanoi from above. Photo: Huu Thang The country plans to build a high level of urbanization comparable to ASEAN and Asia by 2045. The urban system would be integrated, balanced, and sensitive to climate change, natural disasters, and epidemics, while promoting environmental protection and distinctively modern architecture with green and smart elements, according to the action plan. Other key targets … [Read more...] about Vietnam aims for five international-standard cities by 2045

In his remarks, Ngo Sy Anh, General Manager of Vietnam Airlines branch in Japan, affirmed the importance of the Japanese market to the company. Before the pandemic, the airline ran 68 flights every week to connect four major cities of Japan to Vietnam’s Hanoi, Ho Chi Minh City, and Da Nang. In 2019, it carried 1.6 million passengers on these routes. With the Vietnamese Government deciding to resume regular international flights from January 1 last year, Vietnam Airlines is now operating 42 flights linking the countries. At the event, participating Vietnamese travel, accommodation companies and carriers introduced Vietnam’s potential and attractive sites to their Japanese peers. The sides exchanged views on cooperation orientations to capitalize on opportunities stemming from the nations’ post-pandemic recovery. In an interview on the sidelines of the event to the Vietnam News Agency, Sayuri Hiroi, Business Development Manager at the TMG, said Vietnam is a safe nation of charming … [Read more...] about Vietnam tourism promoted in Japan

Vinhomes Ocean Park 2 in Hung Yen province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total 7.2 trillion VND on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. (Photo courtesy of Vinhomes) Hanoi (VNS/VNA) - The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Hanoi Stock Exchange showed as of March 24, eight companies issued bonds worth more than 23.8 trillion VND (over 1 billion USD), of which real estate firms dominated the market with total issued value of 19 trillion VND, accounting for 80% of total value. This number was a significant increase compared to the value of 500 billion VND in February and 110 billion VND in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - February's Speedtest Global Index (SGI) showed that Vietnam jumped up six places to 39th in fixed broadband speeds, despite recent disruptions to all five of its submarine internet cables suffering outages. However, the country’s mobile internet speed slipped by nine ranks to 52. The average download speed of the country’s fixed broadband is 91.6 Mbps, while the upload speed is 93.38 Mbps. These figures for the mobile internet speed are 42.67 Mbps and 18.27 Mbps, respectively. Vietnam’s internet speeds are also higher than the global average, with a download speed of 39.77 Mbps and an upload speed of 10.18 Mbps for mobile internet. The global performance in fixed broadband download and upload speeds are 78.62 Mbps and 34.39 Mbps, respectively. Results from Speedtest, a widely popular online tool measuring internet speeds, are relatively similar to the statistics from Vietnam Internet Network Information Center … [Read more...] about Vietnam’s internet ranking rises despite cable disruptions

Vietnamese Ambassador to Thailand Phan Chi Thanh (L) and Thai Deputy Minister of Labour Surachai Chaitrakulthong (Photo: VNA) Bangkok (VNA) - Vietnamese Ambassador to Thailand Phan Chi Thanh had a working session with Thai Deputy Minister of Labour Surachai Chaitrakulthong on March 24 to discuss measures to further step up labour cooperation between the two countries. The Vietnamese diplomat briefed on economic cooperation between Vietnam and Thailand, saying that Thai businesses highly value business opportunities in Vietnam and want to expand their investment in the country. Many Thai corporations have invested in Vietnam with large-scale projects, using many Vietnamese workers, he said, adding that the Vietnamese Government always creates favourable conditions for Thai labourers to work in the country. He thanked the Thai Government for supporting legal workers from Vietnamm in the past time, and suggested the Thai side consider adding more industries for … [Read more...] about Vietnam, Thailand eye stronger labour cooperation