South china sea

Chairman Vuong Dinh Hue congratulated the important achievements that Albanese's Government has made over the past six months, especially in economic development, social security and climate change response, affirming Australia's reputation and role in the international arena. For his part, PM Albanese emphasized that the official visit to Australia by Chairman Vuong Dinh Hue and the high-ranking delegation of the Vietnamese National Assembly is the first high-level visit between the two countries since they fully reopened their borders. It is of great significance in the context of the two countries preparing to celebrate the 50th anniversary of diplomatic relations next year, he said. He appreciated the practical results of his recent meetings with President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh in the framework of the Asia-Pacific Economic Cooperation (APEC) Economic  Leaders’ Meeting and the Association of Southeast Asian Nations (ASEAN) Summits, respectively. … [Read more...] about National Assembly Chairman meets Australian Prime Minister

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

The architect wanted to make this house stand out compared to other townhouses in the neighborhood, at the same time incorporating the owner’s love for camping, nature and DIY, taking inspiration from a spaceship. Because the house faces the west and absorbs heat from noon to late afternoon, combined with the urban heat island effect, the design team proposed three solutions to limit heat radiation. First was the natural solution, placing plants and greens on the walls and roof. The second solution was using technology, using XPS heat-resistant panels to cover the outside of the walls that face the sun directly to prevent heat absorption. The third solution was to set many windows and doors on the east and south side of the house to allow more wind access. All three solutions aim to limit adverse weather effects and reduce energy consumption. The owner is a nature lover so the house is surrounded by courtyards containing many green … [Read more...] about Da Nang house embraces nature in every corner

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

The Vietnam Textile and Apparel Association (Vitas) forecasts that the business results of textile and garment enterprises in the fourth quarter will decline compared to the same period last year due to the impact of many geopolitical factors. Importers in the United States, EU, and Japan have been lowering prices and reducing orders. Despite this, textile and garment exports in the first 10 months of 2022 reached $37.9 billion, up 17.2 per cent over the same period last year. Textile groups at pains to regather momentum, source: shutterstock Vitas chairman Vu Duc Giang said, “Enterprises’ warehouses are full and inventories are so large that many customers are forced to stop ordering or even delay the delivery time. Businesses are missing 35-50 per cent of orders for November and December.” The outlook for apparel orders in 2023 is clouded by the effect of the inventory cycle extending from Q4. This is also an indicator that the textile and garment industry will face … [Read more...] about Textile groups at pains to regather momentum

The Vietnam Rubber Association (VRA) last month proposed to the Ministry of Finance (MoF) to consider applying a VAT policy on preliminarily processed rubber and latex, similar to other agricultural products. The VRA also urges for the application of preferential corporate tax for income from the harvest of liquidated rubber trees, like other crop products, and a land rent exemption policy for replanted rubber areas during the construction period. The goal is to remove difficulties for the entire value chain, from rubber growers to exporters. Rubber producers continue to brood over tough prices and tax complexities, photo Le Toan In Ho Chi Minh City, Hoa Thuan Trading Co., Ltd. is still waiting for a tax refund of $2 million for rubber exports. Representative Tran Le Thu said, “When completing tax refund procedures in Ho Chi Minh City, the company have to wait for the agency to verify invoices for purchasing raw materials in the provinces.” Thu also pointed towards “a … [Read more...] about Rubber producers continue to brood over tough prices and tax complexities

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

Plastic pollution has increased in recent years around Ho Chi Minh City's Can Gio district and put pressure on Can Gio Mangrove Biosphere Reserve, the first world biosphere reserve in Vietnam, recognised by UNESCO in 2000. A large amount of waste from the sea has flowed into the Long Tau and Soai Rap river systems, and domestic waste continues to increase. To create a circular model for plastic recycling by bringing together consumers, waste pickers, recyclers, and local authorities, the project sets out to provide feedback for national policy adaptation. Representatives from GreenHub, Can Gio People’s Committee, the Coca-Cola Foundation, and others at the project's launch ceremony The project has been implemented with three main components. The first is to assess local plastic waste, the second is to design a circular economy solution and build the capacity for stakeholders to implement the model, and the third will work to raise public awareness and push for … [Read more...] about Coca-Cola Foundation funds plastic waste management project

At the workshop (Photo: VNA) Hanoi (VNA) – Implementing the 1982 United Nations Convention on the Law of the Sea ( 1982 UNCLOS ) and other international instruments to address emerging maritime issues has been the focus of a workshop in Hanoi on November 30 and December 1. The hybrid ASEAN Regional Forum ( ARF ) workshop, co-organised by the Vietnamese Ministry of Foreign Affairs, the EU, Australia and New Zealand, brought together about 200 representatives from 27 ARF member countries, regional and international organisations, diplomatic offices, research institutes, ministries and agencies. In his opening remarks, Assistant to the Minister of Foreign Affairs Nguyen Minh Vu reiterated the significance of the 1982 UNCLOS, especially in the context of emerging challenges to the settlement of maritime issues, requiring intensive and extensive international cooperation. The 1982 UNCLOS is an important basis for countries in the region to enhance trust and … [Read more...] about 1982 UNCLOS most important legal tool to preserve regional peace: workshop

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