Hainan eastern ring high speed railway

Photo: Workshop discusses impacts of COP26 on energy transition towards green growth. (Photo: VietnamPlus) Hanoi (VNA) - Building an appropriate and sustainable energy transition and development strategy following the country's conditions is Vietnam's most important green growth task, said Deputy Minister of Industry and Trade Dang Hoang An. Vietnam will develop gas-fired power plants using imported LNG at an appropriate scale; promote the development of renewable energy sources at reasonable prices in association with ensuring electricity system’s operation safety. This information was given at a conference on the impact of COP26 on the energy transition towards green growth, held by the Ministry of Industry and Trade (MoIT) on August 17 in Hanoi. Minimising coal thermal power A representative of the MoIT said that Vietnam had experienced more than 20 consecutive years with an annual economic growth rate of 5.9-7%, including the world economic downturn period … [Read more...] about Vietnam speeds up energy transition towards green growth

Thai rice (Photo: AFP/VNA) Bangkok (VNA) – The new director-general of the Thai Ministry of Commerce’s Department of Foreign Trade , Ronnarong Phoolpipat , said on October 3 that he will give priority to promoting cross-border trade and government-to-government (G2G) rice deals with China to serve economic recovery post COVID-19. He stressed that the agency’s most important agenda is to boost cross-border trade , as its value rose to 1.15 trillion baht (30.4 billion USD) in the first eight months of 2022, up 3.18% year-on-year. Of the total, cross-border export rose slightly at 0.11% to 682.84 billion baht, while imports increased by 7.98% to 471.02 billion baht. According to him, weakened baht and recovering Myanmar and Laos economies were the main factors boosting cross-border trade this year. The rising demand for energy alone has expanded Thailand’s exports to Myanmar and Laos by 100% and 115% year-on-year, respectively. The department will also focus on G2G … [Read more...] about Thailand boosts cross-border trade, G2G rice deals

A map showing the route of the planned HCM City - Moc Bai Expressway, which is expected to facilitate economic growth in the southern region. (Photo: courtesy of the Ministry of Transport) HCM City (VNS/VNA) – Ho Chi Minh City is speeding up procedures to start the construction of key traffic works at gateways by the end of the year, according to the municipal Department of Transport. According to Tran Quang Lam, director of the department, the projects include An Phu Intersection and Tran Quoc Hoan Street connecting Cong Hoa Street to Tan Son Nhat Airport’s T3 Terminal. The National Highway 50 is also set to be expanded. Recent road works in HCM City have very quickly created the impetus for other projects to be carried out. Thu Thiem Bridge 2, spanning Sai Gon River connecting District 1 and the Thu Thiem new urban area in Thu Duc city, is a highlight project, with its unique design becoming an architectural symbol of the city. The bridge and the Bach Dang Wharf Park … [Read more...] about HCM City to build a series of new traffic projects

The previous record holder was "Train to Busan Presents: Peninsula," which made VND83 billion in 2020. "6/45" is also the first Korean film to exceed the VND100 billion mark in Vietnam. The film earned VND27 billion ($1.1 million) in the first three days after its release. This milestone is also an all-time high for a Korean film's domestic box office opening. Its popularity showed no sign of cooling down in the second week when ticket sales went up 40% compared to the previous week. Particularly on the weekend of Sept. 30 to Oct. 2, it raked in VND39 billion. The film takes place on the border with North Korea. Chun Woo (played by Go Kyung-pyo), a South Korean soldier, got a lottery ticket that wins $5.7 million, but accidentally lets it fly across the border and into the hands of North Korean soldier Yong Ho (played by Lee Yi Kyung). Chun is unable to retrieve it and Yong cannot travel to South Korea to collect the money. Things get interesting when colleagues … [Read more...] about Comedy ‘6/45’ becomes highest-grossing South Korean film in Vietnam

Vo Tri Thanh *Vo Tri Thanh Viet Nam’s latest economic data shows the country is on track to surpass the Government’s target of 6-6.5 per cent for GDP growth this year. However, policy actions need to maintain flexibility and caution to cope with rising external pressure. The General Statistics Office reported positive signs were seen in most socio-economic aspects in the past nine months. The macro-economy remained stable while inflation was under control, major balances were ensured and monetary and fiscal policies were implemented in a proactive, flexible and effective manner. Gross domestic product (GDP) rose 13.67 per cent in the third quarter (Q3), putting the nine-month GDP growth at 8.83 per cent, the highest in the past decade. This is a miracle rebound after a 6.02 per cent contraction a year ago when the nation shut down some factories as part of its tough pandemic control measures. The consumer price index (CPI) increased 3.32 per cent in Q3 and 2.73 per cent in … [Read more...] about Viet Nam performs well in 9 months but needs to watch for pressure ahead

An Apparel Far Eastern's factory in the Vietnam-Singapore Industrial Park. — VNA/VNS Photo Viet Nam's national brand value rose by 11 per cent this year, up from US$388 billion to $431 billion, thanks to its growing investment attractiveness to foreign manufacturers, according to the leading brand valuation consultancy Brand Finance. Its value gain of $184 billion over the course of the pandemic was the world's highest gain in relative terms, up 74 per cent against 2019, and the third highest gain in absolute terms. "Viet Nam has gained momentum as an attractive destination for foreign investment thanks to successful fiscal and monetary policies and investments in human capital, but also amid trade disruptions from China's lockdowns and continued tension between Beijing and Washington," said Brand Finance. Viet Nam's national brand value is not a valuation of aggregated Vietnamese commercial brands, but rather, is a valuation of the brand of the country itself. Viet Nam got … [Read more...] about Viet Nam’s nation brand value up 11 per cent