Vietnam news

Temperatures will continue falling throughout the day as long as the front lingers, the add. According to the National Center for Hydro-Meteorological Forecasting, 16 northern Vietnam localities recorded temperatures below 15 degrees Thursday morning. At the northern border, Lang Son was the first locality to feel the impacts of the cold front, with temperatures dropping to 11-12 degrees in certain locations, and high-altitude ones like the peaks of Mau Son recording temperatures of 4.5 degrees. Other areas experiencing low temperatures include Trung Khanh in Cao Bang Province at 8 degrees, Dong Van in Ha Giang and Tam Dao in Vinh Phuc at 10 degrees. Five weather stations in Hanoi recorded temperatures of 15-16 degrees. As the cold front continues to impact the region, temperatures are set to fall further, with mountainous areas recording temperatures of below 3 degrees in certain locations, with chances of frost. U.S. weather forecast service AccuWeather estimates Hanoi’s … [Read more...] about Mercury dips to 4.5 degrees Celsius in northern Vietnam

In an interview granted to Vietnam News Agency correspondents in Hong Kong, Mr To cited a forecast from the International Monetary Fund that Vietnam’s GDP growth is likely to come in at 7-7.5% this year, leading the five emerging economies in ASEAN, which include Indonesia, Malaysia, the Philippines, Thailand, and Vietnam . With its young population, rapid urbanisation, and abundant workforce, Vietnam is an attractive consumer market. It is also one of the fastest growing e-commerce markets in Southeast Asia. According to Bain & Company, Vietnam’s e-commerce sector has increased significantly in recent years, from 8 billion USD in 2020 to 13 billion USD in 2021 and is expected to hit 39 billion USD by 2025. The ASEAN-Hong Kong Free Trade Agreement, which officially took effect in June 2019, has played a huge role in promoting trade relations between Vietnam and Hong Kong. Localities in Vietnam and Hong Kong have witnessed close economic and trade cooperation over … [Read more...] about Plenty of space for growth in Vietnam’s consumer market

Vietnam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfill its energy transition target towards green growth, heard a conference held by the Global Wind Energy Council (GWEC) in Hanoi on December 1. Vietnam Wind Power (VWP) is an official industry event organised by the GWEC since 2018. It provides a platform for the Government and the industry to discuss pressing issues around the development of wind energy in Vietnam. Pham Nguyen Hung, Deputy Director of the General Electricity and Renewable Energy Authority at the Ministry of Industry and Trade, said the Vietnamese Government has adopted various policies and mechanisms to facilitate renewable energy development. As of the end of 2021, Vietnam’s total installed capacity of renewables reached 20.7 GW, accounting for over 27% of the accumulative installed capacity of the electricity system, making Vietnam a leading country in this regard. The … [Read more...] about Vietnam has opportunity for energy transition towards green growth

During a working session with PT General Secretary Alberto Anaya Gutiérrez in Hanoi on November 30, Trang stressed that the PT leader's visit to and working session with VNA showed the close and profound sentiments between VNA and PT. She thanked PT for always supporting VNA’s resident correspondents to help the agency fulfill its task of reporting the Mexican situation to leaders of the Party and State, and people of Vietnam. As an official news agency of Vietnam, VNA pledged to make active contributions to the relations between the two nations in the coming time, Trang said. Gutiérrez, for his part, expressed his delight to visit and work with Vietnam and VNA again after three years of disruption due to impacts from the COVID-19 pandemic. He said that with modern technologies and techniques, VNA has well accomplished its task of fully and promptly providing information about Vietnam for foreign friends as well as news for Vietnamese people and leaders at all levels, … [Read more...] about Vietnam News Agency, Mexican Labor Party boost cooperative ties

At the event (Photo: VNA) Hanoi (VNA) – The Vietnam Coast Guard (VCG) will hold a friendship exchange in Hanoi from December 8-11 with the participation of 500. Introducing the programme at a December 1 press conference, Major General Tran Van Xuan, Deputy Political Commissar of the force, said the event aims to enhance mutual understanding, build on trust, and create high consensus in cooperation between the VCG and other law enforcement forces at sea of countries in the region, especially neighbouring countries and those with bordering seas. Participating foreign forces consist of those from the Cambodia, China, Indonesia, Malaysia, the Philippines, and Thailand. The exchange is set to feature courtesy calls, bilateral meetings, a conference, a defence exhibition, and a trip to Hanoi’s historical and cultural destinations. Illustrative photo (Source: qdnd.vn) The VCG has so far signed cooperation pacts with equivalent law enforcement agencies of nine … [Read more...] about 500 to join Vietnam Coast Guard’s friendship exchange

An advertisement for corporate bonds. (Photo: baodautu.vn) Hanoi (VNA) - After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds. On an annual basis, the market increased 21.1% to 97.4 billion USD. The information was released in a recent report by the Asian Development Bank (ADB). The country's Government bonds contracted 2% as the outstanding stock of central bank bills fell 70.3% from the previous quarter. Outstanding government bonds reached 67.3 billion USD. Expansion of corporate bonds moderated to 4.1% from the previous quarter, putting the segment at 30.1 billion USD. The report said that aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia. Regional currencies fell against the US dollar, equities dropped, and risk premiums widened between … [Read more...] about Vietnam’s bond market contracts amid monetary tightening