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Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities

The Japanese retailer plans to build 16 more shopping malls in Vietnam by 2025. AEON Mall Vietnam, the Japanese retailer, wants to invest in three or four more projects in Hanoi by 2025. AEON Mall shopping mall in Long Bien District. Photo: AEON Mall This plan was proposed by General Director of AEON Mall Vietnam Nakagawa Tetsuyuki at a recent meeting with Hanoi Party Secretary Dinh Tien Dung on May 13. By 2025, the Japanese retailer wants to build 16 more shopping malls in Vietnam. It is currently operating six department stores in Vietnam, including two commercial centers in Hanoi’s Long Bien and Ha Dong districts. As investment procedures for its project in Hoang Mai District is being finalized, the General Director of Aeon Mall Vietnam hoped Hanoi will continue to support and remove obstacles so that the execution of the project could kick off in the third quarter of this year. The Japanese business also asked the city to support the research and … [Read more...] about AEON Mall wants to invest in four more projects in Hanoi

The capital city and its neighboring provinces introduce attractive tourist destinations, products, and services to international visitors. Themed “Hanoi - Den de yeu” (Hanoi- Visit It to Love It), Hanoi Tourism Festival 2022 is an opportunity to promote the image of a safe and friendly capital on the occasion of the 31st SEA Games. That is the affirmation of Nguyen Manh Quyen - Vice Chairman of the Hanoi People’s Committee at the festival’s opening ceremony last weekend. Leaders of Hanoi city and delegates visited the tourist booth at the opening ceremony of Hanoi Tourism Festival 2022. Photo: Le Nam Admiring the “technological wall” showing Hanoi’s scenic spots The festival was organized with various new and impressive features. Besides advertising through booths and miniature models of landscapes such as Thang Long Imperial Citadel, Temple of Literature - Imperial Academy, Hoa Lo Prison, and Hanoi’s Old Quarter, among others, the festival also showcases … [Read more...] about Hanoi promotes tourism among visitors attending SEA Games 31

In the final of men’s 5,000m, military athlete Nguyen Van Lai finished first in 16 minutes, 34 seconds and 12, securing a gold medal. Other gold medalists of Vietnam’s track and field team were Pham Thi Diem (women’s high jump with an achievement of 1.78m), Nguyen Tien Trong (men’slong jump – 7.80m), Nguyen Thi Huyen (women’s 400m – 52 seconds and 83). In jujitsu event, Phung Thi Hue pocketed a gold medal after defeating her Philippines rival in women’s 45kg category. Meanwhile, boxer Dao Hong Son defeated the Singaporean rival to win the gold medal in the men's 56kg category. In pétanque, players Hong Thoa and Lan Anh claimed an emphatic 13-2 victory over Malaysia’s Nurashimah Senin and Sharifah Aqilah Farhana Syed Ali to bag a gold medal for Vietnam. In bodybuilding, Dinh Kim Loan won the gold medal. In addition, Tran Hoang Duy Thuan and Bui Thi Thoa competed excellently to win the gold medal in the mixed doubles event. Meanwhile, the Vietnamese dance sport team won the 5th … [Read more...] about More golds for Vietnamese sports delegation at SEA Games 31

At the talks, the Vietnamese defense minister expressed his delight at meeting with Tea Banh, Cambodian Deputy PM, Defense Minister and co-chairing the first aforementioned exchange. General Giang emphasized the special significance of the first Vietnam-Cambodia Border Defense Friendship Exchange since  the first time the two defense ministries hold a border defense friendship exchange at the defense minister level. More significantly, the exchange is held in this year which is selected to be the Vietnam - Cambodia and Cambodia - Vietnam Friendship Year and marks the 55th anniversary of the establishment of the two countries’ diplomatic ties (June 24, 1967 - 2022), and the 45th anniversary of Cambodian PM Hun Sen’s “Journey to the fall of the Pol Pot genocidal regime” (June 20, 1977 - 2022). The Vietnamese defense chief expressed his emotion when receiving sincere, warm and friendly welcome of the local people and the Cambodian Ministry of National Defense during the activities … [Read more...] about Vietnamese, Cambodian defense ministers hold talks