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A corner of Phu Quoc (Photo: VNA) Hanoi (VNA) – Attracting large capital for urban development is essential for Phu Quoc city, which houses Phu Quoc island – Vietnam's largest off the southern province of Kien Giang, serving its diverse and sustainable growth after years of investing in the entertainment-resort tourism industry. A survey by the Vietnam Institute of Real Estate Studies ( VIRES ) showed that, in the past 3-5 years, over 90% of investors participated in the market’s tourism-resort realty segment. However, at the moment, the focus of investment has shifted to urban projects boasting transparent legality, with over 60% of investors interested in this segment. The vast majority of them chose long-term investment, expecting that the projects’ prices will increase many times in the coming years. Vice president of VIRES Pham Nguyen Toan noted Phu Quoc is gradually transforming itself into a profitable investment and settlement destination. He also singled out … [Read more...] about Phu Quoc welcomes increasing investment in urban development

The Strategic Framework for Sustainable Development Cooperation 2022-2026 (CF) guides and steers the government of Vietnam and the UN in Vietnam’s collaboration on accelerating progress to achieve its Sustainable Development Goals. It highlights the joint commitment to deliver sustainable development for all. Speaking at the signing ceremony on August 11, MPI Minister Nguyen Chi Dung emphasised that the CF will be implemented at a time when Vietnam has been synchronously implementing solutions to strengthen economic recovery after the pandemic, respond to climate change, and transition to a green, circular economy. "The government has been working to improve institutions and policies in order to mobilise resources from all economic sectors to develop the country. Together with other development partners, the UN plays an important role in supporting Vietnam in its development, integration, and strong participation in global development through policy advice, sharing Vietnam’s … [Read more...] about Strategic framework for sustainable development between UN and Vietnam

Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals

Collecting waste along the beach is among the programme’s primary activities. —Photo Coca-Cola Viet Nam Coca-Cola Vietnam, in partnership with Da Nang City, has launched a “For a Viet Nam without Waste” event in the city’s Lien Chieu District. The event, joined by representatives from agencies and the local community, is one of the activities organised by Coca-Cola Vietnam and local authorities in Da Nang and HCM City under the "World Without a Waste" vision. With many activities over a half-day, the “For a Vietnam Without Waste” event aims to raise public awareness of waste sorting, encourage people to use reusable bags, and promote a green lifestyle and sustainable production and consumption. Coca-Cola Vietnam handed Da Nang Department of Natural Resources and Environment, Department of Industry and Trade 90 segregation trash bins and 4,000 reusable bags, worth VND700 million. The in-kind sponsorship will help the local authority propagate the new environmental protection … [Read more...] about Coca Cola joins locals in Da Nang in “For a Viet Nam without Waste” programme

The school opening day is set at the appointed time after the Covid-19 pandemic has been controlled. The Hanoi Department of Education and Training has decided that the academic year of 2022-23 will start on September 5 as usual, according to a decision issued by Vice Chairman of Hanoi People's Committee Chu Xuan Dung. The decision will be applied to educational facilities from kindergarten to high schools, as well as centers for continuing education. Ceremonies to kick off the school year city-wide are scheduled for September 5, with the first and second semesters planned to be completed before January 16 and May 25, respectively. “The school opening day is set at the appointed time after the Covid-19 pandemic has been controlled. However, educational institutions will have to strictly implement measures to prevent and control the Covid-19 disease in accordance with the protocols as the pandemic threat remains,” Dung said. He noted that inaugural ceremonies held for … [Read more...] about Hanoi’s students to begin new academic year on September 5

Customers at BIDV's trading office. The bank's shares climbed 4.59 per cent on Monday, leading the rally. —Photo courtesy of BIDV The market ended mixed on Monday, with benchmark indices gaining points on the return of cash flow improving general sentiment. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) added 11.84 points, or 0.94 per cent, to 1,274.2 points. The index opened the new week on a positive note as risk asset demand was higher. The market’s breadth was positive with more stocks increasing, while liquidity also rose over the previous session. Accordingly, matching value on HoSE jumped 15 per cent to nearly VND14 trillion (US$596.8 million), equivalent to a matching volume of 586 million shares. The market benchmark rallied for the second straight session, boosted by the uptrend of large-cap stocks. The 30 biggest stocks tracker VN30-Index closed the trading day at 1,293.79 points, up 2.83 points, or 3.1 per cent. Twenty-two stocks of the VN30 basket inched … [Read more...] about Return of cash flow lifts investor sentiment