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A corner of HCM City (Photo: VNA) HCM City (VNA) – The number of businesses in Ho Chi Minh City amounted to 216,170 in 2021, up 26.2 percent from 2016, according to the city’s economic census for last year. Of the total figure, there were 270 State-owned enterprises, down 22.9 percent from 2016. By contrast, the numbers of non-state and FDI enterprises were at 208,609 and 7,291, up 25.1 and 75.2 percent, respectively. The decrease of state-owned firms during this period reflected the policy of the Party and State in arranging, transforming, and equitising the group in order to improve their role and business production efficiency. Among localities, Thu Duc city posted the highest number of operating companies, at 30,729, followed by District 1 (18,184 firms), Tan Binh district (16,745), and Binh Tan district (15,333). According to the municipal Statistics Office, recent years saw an increase in the number of enterprises and an increasing trend of shifting … [Read more...] about HCM City’s number of firms grows over 26 percent from 2016

Thanh Hoa Province’s power grid currently has 21 110-kV substations, more than 8,348 distribution substations with a total capacity of 2,738,340 kVA, and a system of medium and low voltage lines which can supply power to 810,637 users in the province (up 14,292 over the same period in 2021). With a synchronous and modern electricity system, which is also regularly upgraded, PC Thanh Hoa has fully met the electricity demand for production and daily use of local residents. However, the power supply is expected to throw up challenges due to the shortage of peak capacity in the summer months and load regulation is required. The constantly growing demand will also significantly affect the stability and safety of the power grid, and possibly cause local overloads in some areas. Following directions of the EVNNPC, from early this year, PC Thanh Hoa has been devising solutions for these challenges. The company has monitored full loads or overloads, drawing up plans to rotate transformers … [Read more...] about Thanh Hoa Power Company prepares for peak heat

At the event (Photo: VNA) HCM City (VNA) – Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community. The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all container vehicles entering and leaving the city’s Cat Lai port have to pay an additional fee for using seaport infrastructure. Korean firms proposed the establishment of a monthly gross payment process and a reduction of the fee, given their difficulties from increased logistics costs. Phan Van Mai , Chairman of the municipal People’s Committee, said the southern economic hub is working to recover after two years affected by the COVID-19 pandemic. Such recovery sees a significant contribution of the business communities, including … [Read more...] about HCM City works to clear hurdles for RoK investors

Hundreds of famous artisans and chefs from 19 provinces and cities across the country are taking part in the event, which is being organized by Vietnam Cuisine Culture Association (VCCA) in collaboration with the provincial Department of Tourism and Hue Festival Centre. According to VCCA Vice Chairman Le Tan, the event features hundreds of famous specialties from the country’s three regions. “The festival is expected to provide a cultural and culinary space which help the public and visitors understand more about Vietnamese cuisine in general and Hue cuisine in particular, contributing to building the ‘Hue-Culinary Capital’ brand,” Tan said. Truong Huyen, a visitor from Hanoi, said the festival was professionally organized and the atmosphere seemed to be revived after the pandemic. We’ve enjoyed the culinary culture of Hue in particular and Vietnam in general, she said, adding that the city is an attractive destination for tourists from all over the world. Culinary artist Ho … [Read more...] about Food festival attract visitors’ attention

Talking to the press on the threshold of the trip made at the invitation of Hungarian National Assembly Speaker László Kövér, the diplomat said it will contribute to fostering the Vietnam-Hungary traditional relations and promise to bring practical effects. The visit is also an opportunity for leaders of ministries and branches of the two countries to interact and sign various agreements; and representatives of enterprises to seek investment and business cooperation chances, he added. According to the ambassador, Vietnam and Hungary share a 72-year relationship spanning different fields, particularly in education and culture. With Hungary planning to open a cultural centre in Hanoi, he wished Hue’s trip will see the sides achieving more progresses in their educational and cultural ties. Mentioning that bilateral trade reached 1.1 billion USD last year, he said he hoped the figure will grow further in the time to come. Parliamentary relations between the two countries are also a … [Read more...] about N.A. Chairman’s visit to Hungary promises new cooperation opportunities: Ambassador

Many sculptures not only beautify public spaces but also breathe new life into them, bringing distinctive values to the community. Most travelers visit Hanoi for fantastic food. Yet the Hanoi art scene is doing well to compete for attention with the city’s food scene. Hanoi’s public sculpture The statue of King Ly Thai To is located at Ly Thai To Flower Garden in Dinh Tien Hoang Street, Hoan Kiem District, Hanoi. Photo: VISTA According to architect-sculptor Nguyen Truong Giang, after a long time of being ignored, public sculpture in Hanoi has regained public attention with many issues to deal with. Looking back at history, this kind of art appeared in the capital with the arrival of the French. In the old French quarter, many crossroads and central squares were built for displaying sculptures. Typically, there used to be a memorial to French soldiers who died in battle, with the sculpture of a soldier above and the ranks of scholars, farmers, craftsmen, … [Read more...] about Identifying value of creative spaces

Vessel INS KADMATT at Nha Rong Wharf on June 24 (Photo: SGGP) The visit by the INS SAHYADRI and INS KADMATT is part of bilateral defense cooperation activities to enhance ties between the two navies and also mark the 50th anniversary of the countries’ diplomatic relations this year. During their stay, the Indian delegation is set to pay courtesy calls to HCMC leaders, visit the high commands of Military Region 7 and Naval Region 2, pay tribute to Vietnam’s late President Ho Chi Minh, visit local historical relic sites, and take part in sport exchanges with officers and soldiers of Naval Region 2. Colonel Le Nam Son (L), Deputy Chief of Brigade 125 under Naval Region 2 Command receives Rear Admiral Sanjay Bhalla (R), Commander of the Indian Navy’s Eastern Fleet. (Photo: SGGP) The Indian ships will also join the Vietnam People’s Navy in a joint passage exercise (PASSEX). Addressing a press meeting held on INS SAHYADRI, Rear Admiral Sanjay Bhalla, Commander of the … [Read more...] about Indian naval ships start three-day visit to HCMC

Delegates attend a digital transformation for technical infrastructure conference in HCM City last week. — VNA/VNS Photo HCM CITY — Digital transformation has become a critical need for technical infrastructure companies to recover quickly, especially after the COVID-19 pandemic, a seminar heard in HCM City on Friday. The challenges brought by the pandemic fostered the need for digital transformation, which was widely and quickly adopted across ministries, other official agencies and businesses across the country. Vietnamese enterprises took a pioneering role in research, development and innovation, mastering technologies and making important contributions to developing a digital economy. Nguyễn Văn Đắng, director of the Gia Định Water Supply Joint-Stock Company belonging to the Saigon Water Corporation, said digital technologies have improved administration and production activities, helping better serve customers. Water supply companies, for example, use GIS … [Read more...] about HCM City considers ways to speed up digital transformation

by Minh Phương & Bảo Ngọc A photographer living in Hà Nội has amassed a collection of hundreds of cameras, books, and other photographic artefacts at a gallery he has established in his own home. Phạm Công Thắng is well-known in the photographic field as an artist who has won several awards at home and abroad. In 2021, he established the museum named Photographic Memories in his own house, inspired by the notion of a private area for photography enthusiasts and photojournalists to exchange and connect. Photographer Phạm Công Thắng, owner of the Photographic Memories Museum.— VNA/VNS Photo The photographer told Việt Nam News that he sees cameras as more than just a means to capture memories. But each one also tells a story about its owner. "It seemed to me that photographers' children may be unable to preserve their cameras after their parents' death. Rather than just keeping cameras, I decided to create a place where I could also preserve the stories … [Read more...] about Photographer creates camera museum at home

Hungarian Ambassador to Vietnam Ory Csaba (Photo: VNA) Hanoi (VNA) - Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue ’s official visit to Hungary from June 26-28 will surely open up many cooperation opportunities for the two countries and their parliaments, Hungarian Ambassador to Vietnam Ory Csaba has affirmed. Talking to the press on the threshold of the trip made at the invitation of Hungarian National Assembly Speaker László Kövér, the diplomat said it will contribute to fostering the Vietnam-Hungary traditional relations and promise to bring practical effects. The visit is also an opportunity for leaders of ministries and branches of the two countries to interact and sign various agreements; and representatives of enterprises to seek investment and business cooperation chances, he added. According to the ambassador, Vietnam and Hungary share a 72-year relationship spanning different fields, particularly in education and culture. With … [Read more...] about NA Chairman’s visit to Hungary promises new cooperation opportunities: Ambassador