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A rendering of the Terminal 3 site The latest plan suggests that the construction of the new terminal will be completed within 37 months. According to ACV, the preparation work for the construction is basically completed and the investor is just waiting for the land handover. The Ministry of Defence has asked the prime minister to approve handing over 16 hectares of land in Tan Binh district – which is managed by this ministry – to serve for the construction. At present, Ho Chi Minh City is waiting for opinions from the Ministry of Finance and then it will build a report to submit to the prime minister for approval. The terminal has a designed capacity of 20 million passengers a year, which would help ease the overload at Terminal 1. It will also contribute to dealing with the traffic jams at the city’s gates, promoting economic and tourism development for Ho Chi Minh City and other parts of the southern region. ACV is assigned to be the sole investor of the project, which … [Read more...] about Tan Son Nhat International Airport’s Terminal 3 construction to kick off in May

Vietnamese No.1 swimmer Nguyen Huy Hoang (Photo: VNA) Hanoi - Vietnamese No.1 swimmer Nguyen Huy Hoang started his first competition day at the 31st Southeast Asian Games (SEA Games 31) on May 14 with a gold medal in the men’s 1,500m event. Hoang finished at 15:00:57, leaving Nguyen Huu Kim Son, also from Vietnam, behind. Following the good start, Hoang is aiming for another gold in the 400m freestyle on his third competition day. Meanwhile, fencer Nguyen Tien Nhat earned the second gold medal for Vietnamese fencing at SEA Games 31 by defeating his Philippine rival Jose Noelito 15-11. In the men’s 70kg event of SEA Games 31’s bodybuilding, Tran Hoang Duy Thuan bagged a gold medal, raising the number of gold medals of Vietnamese bodybuilding to three. Earlier, Pham Van Mach and Dang Thanh Tung won two gold medals in the men’s 55kg and 65kg events. Also on May 14, Vietnamese Chinese chess team won a gold in men’s fast chess team event. At the same time, the national … [Read more...] about SEA Games 31: more golds for Vietnam on May 14

In the northern province of Ninh Binh, visitors are able to savour the delights of famous tourist sites like Tam Coc-Bich Dong with beautiful caves, Bai Dinh pagoda, Cuc Phuong National Park. Especially, Trang An Landscape Complex is Vietnam’s only Mixed Cultural and Natural heritage site. The gateway of the north and central region is ThanhHoa province with its Ho Dynasty Citadel, which was recognized by UNESCO as a world cultural heritage site in 2011. Ho Chi Minh Memorial Site in the central province of NgheAn, and Dong Loc T-junction relic site in Ha Tinh are also wonderful places to visit. Quang Binh province has beautiful caves and long beaches with soft white sand such as Toi cave, Nhat Le beach, and Nuoc Mooc stream. Phong Nha Ke Bang National Park covers an area of over 340,000 hectares with spectacular landscapes and many rare species. The province’s Son Doong cave is the world’s largest cave system. … [Read more...] about Amazing places to visit from north to central regions

Nguyen Tuong Vy-Mai Thi Bich Tram bag a gold medal in women’s Katame No Kata event with 402.5 points (Photo: VNA) Hanoi (VNA) – The Vietnamese judo team had a good start at the 31st Southeast Asian Games (SEA Games 31) on May 18 with two gold, one silver and one bronze medals in the men’s Kodokan Goshin Jutsu and women’s Katame No Kata events. In the men’s Kodokan Goshin Jutsu, the couple of Tran Quoc Cuong-Phan Minh Hanh pocketed a gold medal with 550.5 points, while another couple of Nguyen Cuong Thinh-Ha Minh Duc came second with 534 points and won a silver medal. Meanwhile, Nguyen Tuong Vy -Mai Thi Bich Tram bagged a gold medal in women’s Katame No Kata event with 402.5 points. Fighter Nguyen Thuy Hai Chau injured her leg, which affected her performance with teammate Tran Le Phuong Nga and they only won a bronze medal. SEA Games 31 ’s judo comprises 13 events, including 10 for individuals, one for teams and two kata events. Competitions will continue on … [Read more...] about SEA Games 31: Vietnamese judokas win two gold medals in first competition day

The benchmark VN-Index has lost 17.5 percent since the end of March, with most blue chips hitting year lows. Tran Dinh Long, chairman of steel giant Hoa Phat, saw his net worth decline by 22 percent to $2.5 billion, mirroring the turbulence of his company’s stock. In March, the Hoa Phat share peaked at VND51,000 but then began to fall. At the close Thursday, it traded at VND37,900, down 26 percent. The net worth of three other billionaires, Vietjet CEO Nguyen Thi Phuong Thao, Techcombank chairman Ho Hung Anh and Masan Group chairman Nguyen Dang Quang, fell by over 10 percent or $200-400 million. Prices of their companies’ stocks, VJC of Vietjet, TCB of Techcombank and MSN of Masan, have fallen by 10-25 percent since the end of March. Vietnam’s richest person, Pham Nhat Vuong, chairman of the country’s largest conglomerate, Vingroup, saw his net worth erode by 200 million, or 3 percent. Tran Ba Duong, chairman of automaker Thaco, has become $100 million poorer. Nova … [Read more...] about Vietnam’s 7 richest people lose $2 bln amid stock market plunge

Hanoi’s economy is recovering Major balances ensured According to a report by the Hanoi People’s Committee, key industries are gradually recovering and developing from the impact of the COVID-19 pandemic. Hanoi’s gross domestic product in the first quarter of 2022 increased by 5.83 percent, 16 percent higher than the country average (5.03 percent), three times higher than that of Ho Chi Minh City (1.88 percent), achieving the quarterly growth forecast (5.7-6.2 percent). These figures reflect the growth momentum in many industries and fields. Many major balances have been ensured. The total state budget revenue of Hanoi in the first quarter of 2022 exceeded VND102.40 trillion, or 80.2 percent of the revenue estimate, representing a rise of 9.2 percent against the same period last year. Regarding investment capital disbursement, Hanoi disbursed more than VND4.11 trillion, reaching eight percent of the plan (up by 26.7 percent over the same period last year) as of March … [Read more...] about Hanoi makes strides in economic recovery