Empower 100 ethnic minority leaders

Hanoi (VNA) - Activities to celebrate the upcoming Lunar New Year (Tet) holiday and a programme to make thousands of “banh chung” (square glutinous rice cakes) for the poor are slated to be held at the Vietnam National Village for Ethnic Culture and Tourism, the village announced on January 25. These will take place at the village from January 29 to February 1 (the 17th to the 20th day of lunar December). The village’s annual programme to make “banh chung” to help the poor enjoy Tet has been held for many years. Some 1,000 Tet gift sets worth some 500,000 VND (22 USD) each will also be sent to disadvantaged people in the central provinces of Ha Tinh, Quang Binh, and Quang Tri. Traditional customs during Tet will also be introduced to visitors, with the aim of preserving, upholding and promoting the values of Vietnam’s ethnic minority groups, and easing the difficulties facing the poor. A planting ceremony for a “Neu pole” (a tall … [Read more...] about Tet activities set for ethnic cultural village

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

As of the end of March, the Nghi Son Economic Zone had 228 domestic projects, valued at 130.08 trillion VND (5.63 billion USD at current exchange rate), and 19 foreign-invested projects worth over 12.6 billion USD. Other industrial parks attracted 335 domestic projects with total registered capital of 18.38 trillion VND and 41 foreign-invested projects with accumulative capital of 703 million USD.  … [Read more...] about Thanh Hoa: a promising investment destination

The Regional Comprehensive Economic Partnership could provide opportunities for local small and medium enterprises to move up the value chain with the simplification of procedures. Manufacturers in advanced countries such as Japan, China and South Korea may consider minimizing costs by outsourcing the final processing steps to less expensive ASEAN countries such as Vietnam to achieve cost benefits. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%

 In a recent interview with the Vietnam News Agency ahead of the Congress, the Chinese ambassador said he expects that the 13th National Party Congress will elect an unyielding and strong Party Central Committee for the new tenure that will win over the people’s wholehearted support and trust to continue leading the country’s socialism building to even greater success. … [Read more...] about Congress to create new momentum for Vietnam: Ambassador