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Hanoi (VNA) – The 13th National Congress of the Communist Party of Vietnam, taking place from January 25 to February 2, has been highlighted by international media. The Associated Press (AP) on January 25 ran an article, saying that almost 1,600 delegates are attending the congress this week to approve future policy and help select the nation’s top leaders. Hanoi’s streets are lined with the Party’s hammer and sickle flags, national flags and posters to promote the congress, which is held every five years. Some 4,900 people involved with the event must each take two tests for the coronavirus SARS-CoV-2. The article cited Murray Hiebert, a senior associate of the Southeast Asia Program at the Centre for Strategic and International Studies in Washington, as saying that Vietnam has grown an average of 6 percent over the past five years and nearly 3 percent in 2020, when most of its neighbors slumped into recession due to the pandemic. Japan’s Nikkei Asia … [Read more...] about 13th National Party Congress makes foreign headlines

Hanoi (VNA) - Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost 91.28 trillion VND (3.9 billion USD) in revenue and posted 13.5 trillion VND in after-tax profit last year, up 41 percent and 80 percent, respectively, against 2019. In the fourth quarter alone, its revenue rose 43 percent year-on-year to nearly 26.17 trillion VND, while after-tax profit surged 142 percent to 4.67 trillion VND - a quarterly record. Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled the 2019 figure, to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. In particular, 3.4 million tonnes of finished construction steel were produced, up 22.5 percent against 2019. Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent. The group … [Read more...] about Hoa Phat Group posts 80 pct. growth in after-tax profit

Kien Giang (VNA) - The first round of the National Billiards and Snooker Tournament 2020 kicked off in Rach Gia city in the Mekong Delta province of Kien Giang on June 11. This is the first time Kien Giang has hosted a national billiards and snooker tournament, which will determine the competitors in international championships this year. A total of 944 players from 26 cities and provinces nationwide will compete in six competitions: three-cushion billiards, cushion carom, six red-ball snooker, English billiards, and nine-ball pool and ten-ball pool during the ten-day event, which will wrap up on June 20./. … [Read more...] about More than 940 players competing in 2020 national billiards, snooker tournament

These achievements have been recognised and appreciated by the international community. According to the United Nations Development Program (UNDP), Viet Nam has created a "legendary story" in poverty reduction with its human development index (HDI) of 0.63 in 2019, ranked 118 out of 189 countries and in the group of countries with the highest HDI growth rate in the world. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period

Regarding investment, with strategic location, stable macro-economy, better living quality and dynamic labour forces, Vietnam has attracted the attention of the world’s major firms, especially US companies with big names like IBM, Qualcomm and Coca-Cola, among others.  … [Read more...] about Vietnam-US friendship thrives after a quarter of a century