13 year cycle

The Ministry of Transport and localities have proposed VND103 trillion (USD4.43 billion) to carry out 13 transport infrastructure projects between 2022 and 2023. The Ministry of Transport has recommended six projects worth a total capital of VND87 trillion (USD3.75 billion) which will be sourced from the government’s socio-economic recovery programme. The Ministry of Transport and localities have proposed VND103 trillion to carry out 13 transport infrastructure projects The biggest project is the eastern section of the north-south expressway which has a total investment of VND146.9 trillion. Under the ministry’s proposal, VND72.6 trillion will be taken from the government’s socio-economic recovery programme. The other projects are the Cao Lanh-An Huu, Chau Doc-Can Tho-Soc Trang, Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau expressways and Dai Nghia Bridge which will use VND6 trillion, VND1.2 trillion, VND3.8 trillion, VND2.3 trillion, VND3.5 trillion and VND4.1 … [Read more...] about VND103 trillion proposed for 13 infrastructure projects

Textile and footwear exports to the US, the EU, and Southeast Asia have grown strongly In the first four months of 2022, the two major industries that contributed to Vietnam’s total export value have recovered faster than expected in terms of production and export performance. Their combined export value surpassed $19 billion, of which the textile sector counted nearly $11.9 billion, up 22.5 per cent on-year, and that of footwear reached $7.32 billion, up 12.4 per cent on-year. Vietnam’s textile export value to the US rose sharply to $6.6 billion, up 26.8 per cent on-year, corresponding to an increase of $1.26 billion. With this result, the US market contributed up to 59 per cent to the export value of this product. In 2022, the leather and footwear industry is set to reach an export target of $23-25 ​​billion, up 10-15 per cent on-year while the textile sector aims to post $42.5-43 billion in total export value. The export value of this product group to the EU … [Read more...] about Rosy apparel and footwear exports in the year to date

Vietnam's men's football team defended their gold medal with a 1-0 victory against Thailand. They kept the clean sheet throughout the Games. Indonesia won the men's football bronze by beating Malaysia in penalty shootout. Muay and diving each won five gold medals on Sunday. Vietnam also won three boxing gold during the day in three women's events. Aerobic gymnastics brought two gold medals in mix pair and group events, and esports another two. Le Hoang Phong (L) and Tran Ngoc Thuy Vi competes in aerobic gymnastics at the 31st SEA Games, May 22, 2022. On Sunday, there are 61 sets of medals, of which boxing has the most with 13. Tennis ace Ly Hoang Nam defended his gold medal after beating Trinh Linh Giang, also from Vietnam, in the final. World's number three cueist Tran Quyet Chien beat Nguyen Duc Anh Chien, also from Vietnam, in the 3-cushion carom event final to win a gold medal. Vietnam also won a gold medal each in shooting and vovinam. In the … [Read more...] about SEA Games: Vietnam reach 200 gold medals

HANOI -- Thousands of people waving flags poured into the streets of Vietnam's capital Hanoi and other cities after the SEA Games hosts beat fierce rivals Thailand 1-0 in the men's football final on Sunday. Defending their football crown from the 2019 Games, the home team came out on top of a tough match in front of a capacity 40,000 crowd at Hanoi's rocking My Dinh stadium. Forward Nham Manh Dung was the home hero with an 83rd-minute header that arrowed into the top corner, sending the already boisterous crowd into a frenzy, blasting air horns and waving flags and flares. A supporter holds a flare as he celebrates Vietnam's football win. Photo: AFP Downpours had drenched Hanoi all day, but that did not dampen the enthusiasm of red-clad spectators who began arriving for the clash several hours before it began in an effort to grab a prime seat. As kickoff approached, the streets of the usually traffic-choked capital became relatively light as many locals were … [Read more...] about Vietnam erupts in celebration as SEA Games hosts win football gold

by Lê Hương When mentioning the flamboyant flower (peacock flower), people think of a bright summer basking in nature and the enthusiasm of local people. The flower also makes people think of Hải Phòng coastal city, known as the 'city of the red flamboyant.' In May, when the bright summer sunshine lights up the streets, the red flamboyant blooms bring out the city's soul. Streets along around the Opera House such as Hoàng Văn Thụ, Đinh Tiên Hoàng, Quang Trung, Nguyễn Đức Cảnh, Trần Phú, Lê Hồng Phong, Lạch Tray and Cầu Đất are all covered with the red blooms. People like to take photos with the flower.  — VNS Photo An Đăng Local elders say the tree was brought from Madagascar and planted in the city by the French 100 years ago. “At first,”the tree was named Ba Giăng,” said local Lê Hồng Tâm. “But then it was called Phượng Vĩ (Phoenix’ Tail) as the five-petal flower looks like a phoenix dancing and the leaves spread like phoenix tails. The tree grows well in the local … [Read more...] about Hải Phòng’s most beautiful season

VEPR organises a conference on the Việt Nam Annual Economic Report 2022 in Hà Nội on Friday. — Photo baodautu.vn HÀ NỘI — The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Việt Nam Annual Economic Report 2022. The conference was organised by the Việt Nam Institute for Economic and Policy Research (VEPR) in Hà Nội on Friday. The report highlighted that the Vietnamese economy is in the process of recovery but will continue to face many difficulties this year. Inflationary pressure and production costs are increasing strongly. In addition, risks from the Russia-Ukraine conflict have a huge indirect impact on the country's economy. The slowdown of the global economy and important partner economies of Việt Nam, especially China, which is continuing its "Zero COVID" policy with strict measures, can stress the Vietnamese economy, disrupting supply … [Read more...] about Q3 set to be tough period for inflation