Hanoi vietnam wholesale market

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

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

In the first 10 months, the textile and garment industry recorded about 38 billion USD in export value, up 17.2 per cent year-on-year. (Photo: moit.gov.vn) Hanoi (VNS/VNA) - The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030. By 2023, the industry plans to reduce energy consumption by 15% and water consumption by 20%. Green growth is an important part of sustainable development. In recent years, enterprises in the textile - garment - footwear industries have paid special attention to this issue. According to Truong Van Cam, VITA's general secretary, a greener textile and garment industry not only contributes to implementing the national strategy on green growth but also fulfils the requirements of large textile and garment import markets in the world, such as the European Union (EU). Vietnamese textile-garment and leather-footwear firms need to improve the … [Read more...] about Vietnam to reduce environmental impact of textile-garment industry by 2030

Vietnam’s 2-1 victory over Borussia Dortmund in Hanoi on Wednesday night sparked both joy and ire on social media, with fans happy for the win but upset and embarrassed over a goalpost malfunction. The Black and Yellows, who finished second in Germany’s Bundesliga for the 2021-22 season, took the lead in the 13th minute thanks to a goal by Dutch forward Donyell Malen. Vietnam equalized the match when Nguyen Tien Linh found the net in the 36th minute. The Golden Stars then took the lead when Pham Tuan Hai converted a penalty in the last official minute of play after Soumaïla Coulibaly fouled Vu Van Thanh inside the box. Borussia Dortmund’s goalkeeper Alexander Meyer tries to fix the crossbar during their friendly game with Vietnam at My Dinh National Stadium in Hanoi, November 30, 2022. Photo: Nguyen Khanh / Tuoi Tre The game, which was part of the German runner-ups' 10-day tour in Southeast Asia, took place at My Dinh National Stadium, which has a capacity of … [Read more...] about Vietnam criticized for goal post malfunction in friendly win over Dortmund

Chargé d’Affairs Mark Tattersall and six new private sector partnerships . (Photo courtesy of Australian Embassy to Vietnam) Hanoi (VNS/VNA) - Six new private sector partnerships announced under the Australian Department of Foreign Affairs and Trade ’s (DFAT’s) Business Partnerships Platform (BPP) will promote the growth of sustainable carbon markets that deliver significant social and environmental benefits to communities in Vietnam. The six multi-stakeholder partnerships, supported by an investment of 3.3 million USD from DFAT, will leverage more than 3.7 million USD in private sector investment and resources towards improving the enabling environment for carbon markets projects in Vietnam that are able to deliver verifiable and sustainable social and environmental outcomes. The new partnerships will test and trial new approaches within voluntary market frameworks to reduce greenhouse gas emissions, lower carbon market entry barriers for producers, build the … [Read more...] about Australia supports carbon market partnerships in Vietnam

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

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

Vietnam’s urbanisation has grown by 7 per cent since 2011, and now the country’s urban population stands at 38 per cent. Prospects suggest populations in Ho Chi Minh City and Hanoi will expand by 4 million and nearly 3 million, respectively, over the next decade. Brandon Chia-Managing director, Sustainable Energy Solutions, SP Group At this rate, the Ministry of Construction expects housing demand to significantly rise by 70 million square metres each year. This is equivalent to 17,500, 30-floor buildings annually. To slow the harmful effects of construction and urbanisation to the environment, the government started to incentivise the construction of more energy-efficient buildings in line with the country’s National Green Growth Strategy as Vietnam commits to achieve net-zero emissions by 2050. However, in 2021 the nation recorded just over 200 green building projects. Buildings in Vietnam account for up to 40 per cent of the country’s total energy consumption. … [Read more...] about Enabling green building development in Vietnam

Hoang announced his decision right after Vietnam's 2-1 win against Dortmund, which was considered a tribute match for him after he expressed his feeling that he was no longer fit enough to play for the national team. "The fans often said that I'm tireless and have no lungs. But the truth is I have lungs and every journey has an end. I want to conclude my wonderful journey that is filled with the most beautiful memories," Hoang wrote in a farewell letter. Nguyen Trong Hoang makes a pass in the friendly match between Vietnam and Borussia Dortmund in Hanoi on November 30, 2022. Photo by VnExpress/Hieu Luong Hoang had stopped playing in September last year to treat a herniated disc. After over a year, he returned to the field on October 18 this year and played a few V. League matches before receiving a call up to the national team. Hoang played his first game for the national team in September 2009. In 14 years, he made 73 appearances, only behind Le Cong Vinh with 83 … [Read more...] about Veteran Vietnam midfielder retires from national team after 14 years

Illustrative image. (Photo: VNA) Hanoi (VNA ) – Up to 68.4% of logistics companies in Vietnam saw increases in their revenue s in the first nine months of 2022 compared to the same period of last year, a study released by Vietnam Report JSC showed. Of the 34 listed logistics companies that were surveyed, 64.7% said their revenues had maintained growth compared to the pre-pandemic period, said Vu Dang Vinh, General Director of Vietnam Report. Up to 26.5% of businesses moved from the "recovery" group in the 2019 - 2021 period to "maintaining growth momentum" in the 2019 – 2022 period, reflecting efforts of logistics enterprises in the recovery process and gaining economic growth in the post-COVID-19 period. Vietnam Report ’s survey pointed out that the biggest difficulties that logistics enterprises are facing are fluctuations in energy and input material prices; competition among businesses in the same industry; supply chain-related risks; political instability … [Read more...] about Vietnam’s logistics sector speeds up post-pandemic recovery