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Showing posts from May, 2023

Banks’ Digital Transformation: Where Does Vietnam Stand?

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According to Visa’s Consumer Payment Attitudes Study 2022, over 70% of Vietnamese consumers are generally receptive to open banking, especially fintech and non-bank service providers that can open an account for them using their existing data with banks. Illustrative image Vietnamese banks are among the earliest in the world to make the digital transformation, VNA citied experts. Speaking at the Financial Services – Retail Banking Forum in Ho Chi Minh City last week, Vu Viet Ngoan, former chairman of the National Financial Supervisory Commission, said the habit of using digital products had become more prevalent than ever in Vietnam. More than 30% of the population uses banking apps, second globally only after China (41%), according to Ngoan. Vietnam’s banking and financial sectors would continue to play a key role in establishing a “fully digitized, human-centered system”. He also pointed out that the digital transformation in the country would be an important process

Vietnamese brands listed in Asia Architecture Design Awards’ Top 100 Outstanding Projects

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Mai Chau Culture Resort, Grand Tourane Nha Trang Hotel, and Ambassador Cruise Restaurants are several brands among the finalists of the Asia Architecture Design Awards 2023 (AADA). AADA categories include Best Resort Architecture Design, Best Hotel Architecture Design, Best Resort Interior Design, Best Lighting Design, and Best Furniture Accessories, among others.  Tre Dining in HCM City is listed as one of the Best F&B Architecture designs. Photo: Tre Dining Those from Vietnam made an impressive display on the shortlist, demonstrating their architectural prowess. From May 30 to June 25, the jury will begin their work with 20 influential experts from various fields, including architecture, design, and real estate from Singapore, Thailand, Italy, and the UAE.  The Ngõ Alley House is listed in the categroy: Best Residential Architecture Design. Photo: Alley House The Asia Architecture Awards 2023 winners will be officially announced on the official AA

US aids Vietnam in preserving Nguyen Dynasty woodblocks

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Commencing in July 2020, the project was aimed at conserving 500 deteriorated woodblock plates at the National Archives Center IV.  The initiative, which received more than US$88,000 in funding from the United States Ambassadors Fund for Cultural Preservation (AFCP), has now been completed. Following the approval of the AFCP grant in July 2020, a technical team conducted a thorough study and assessment of the level of damage sustained by the degraded woodblocks.  Newly-treated Nguyen Dynasty woodblock plates are conserved at the National Archives Center IV in Lam Dong Province, Vietnam, May 25, 2023. Photo: M.V. / Tuoi Tre The evaluation showed that approximately 5,000 woodblock plates had suffered damage as a result of historical factors, the natural aging process, the tropical climate, wars, floods, as well as fungal and insect activities over the centuries. From January to the end of August 2021, the team implemented conservation treatment on the decaying woodblocks

Vietnamese film receives 5-minute standing ovation at Cannes

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‘Inside the Yellow Cocoon Shell,’ which vies for the Camera d’Or Award against 17 other competitors in the Directors’ Fortnight section, was premiered at 4:45 pm in France. Directed by Pham Thien An, the movie tells the story of a journey taken by a young man named Thien, who is tasked with delivering his sister-in-law’s body to their countryside hometown following a tragic motorcycle accident. Amid the mystical landscapes of rural Vietnam, Thien begins a search for his older brother, who vanished years ago.  As the debut screening of the movie ended after three hours on Wednesday, audiences rose and stood applauding for five minutes. According to AP News , a five-minute standing ovation would count as a dream response in most places in the world although it is supposedly tepid in Cannes. For An Nguyen, a Tuoi Tre (Youth) newspaper reader, who experienced such standing ovation first-hand, the responses were deeply emotional.  “This can be considered as [Vietnam’s] shining moment

Vietnam to have first virtual reality light park

The park will be situated in a 60,000-square-meter ancient pine forest in a tourist area in the district. Ho Chi Minh City-based travel company Ben Thanh Tourist signed a memorandum of understanding for the construction of the park with two South Korean partners on Tuesday. The unique park is aimed at making tourism products in Da Nang, which is one of Vietnam’s popular destinations, more abundant. The digital tourism product, with light performances using Newto Company’s virtual reality technology, will bring new experiences and exciting entertainment activities to visitors. Nguyen Xuan Binh, deputy director of the Da Nang Department of Tourism, said that the park would help lure more tourists to the coastal city. “The virtual reality light theme park will contribute to diversifying tourism products and driving up the city’s tourism, which is back on track after the COVID-19 pandemic,” said Binh. Kim Woon Tae, director of the Da Nang office of the Korea Trade and Investment Prom

Hanoi to host Taiwan Excellence concert this weekend

The Taiwan Excellence Concert is being directed by Conductor Honna Tetsuji and is expected to entertain audiences in the capital with a colourful musical programme. Several famous works will be performed during the show, including Longing for Spring Breeze, William Tell Overture, Hungarian Rhapsody no. 2, along with popular classical works written for the orchestra. During the programme, female pianist Liao Hsin-Chiao will perform the Piano Concerto in C minor (Tyzen Hsiao). Liao Hsin-Chiao was born in Taichung and has been known by audiences and notable music critics from a very young age. She has performed at several famous music festivals such as Music@Menlo, Heifetz International Music Institute, Great Lakes Chamber Music Festival, Olympic Music Festival, and Icicle Creek Chamber Festival. She is now working in Hanoi and  recently completed a record of a piano concerto by Robert Schumann together with the VNSO. The same day will also give Hanoians the opportunity to visit

Forum Strengthens Investment and Trade Cooperation Between Vietnam and RoK

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Overview of the forum. The forum attracted more than 100 delegates who are leaders of large investment funds, corporations, and large, medium, and small enterprises (SMEs) in many fields such as finance and banking, green energy, green industry, construction and development of cities, Industry 4.0, and high-tech agriculture. Trinh Thi Mai Phuong, deputy director of the Department of Foreign Affairs, Ministry of Foreign Affairs said that “The Ministry of Foreign Affairs is the focal point of the Department of Foreign Affairs to organize the local promotion of Vietnam in the RoK from May 29, 2023 to June 1, 2023. The event aims to promote the friendship and cooperation between Vietnamese localities, local government, and businesses of the RoK. The forum of local cooperation, investment promotion, and trade connection between Vietnam and the RoK 2023 is one of the strong highlights and important activities this time in the RoK”. At the forum, Tran Hai Linh, head of the Vie

Vietnam’s Reunification Express named world’s most incredible rail journey: Lonely Planet

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Lonely Planet, the world-renowned travel guide, named Vietnam National Railway the most incredible rail trip in the world. The 1,730-kilometer journey from Hanoi to Ho Chi Minh City offers breathtaking views of the country’s diverse landscapes, making it a must-see for foreigners coming to Vietnam, the magazine said. “Some railways rattle through historic cities; others swoosh beside spectacular coastlines. A few have an epic history, and one or two are remarkable for the colorful characters onboard. The Reunification Express line, known as the North–South Railway, fulfills all these criteria,” it stated. The railway is one of Southeast Asia’s best-loved railways and the world’s most epic overnight train journeys. It’s also one of Vietnam’s tourism highlights that attracts many international visitors.  Vietnam’s North-South Railway ranks as the world’s most incredible rail journey. Photo: Lonely Planet  Regarding tourism, data from Agoda showed that Vietnam and other

Cambodia-Vietnam: A true friendship in ASEAN context

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After the Khmer Empire was overthrown in the 15th century, relations between Cambodia and Vietnam have gone through many different aspects. The Socialist Republic of Vietnam and the Kingdom of Cambodia established formal diplomatic relations on June 24, 1967. However, the alliance has faced many difficulties, both domestically and globally. Despite ups and downs in their relations, especially in the 1970s and 1980s, Cambodia and Vietnam have been able to maintain friendly relations over the past 40 years. In describing their current relationship, both nations often use phrases such as “excellent neighborliness, traditional friendliness, comprehensive cooperation, and long-lasting stability.” In 1999, when Vietnam held the ASEAN Chair, Cambodia was welcomed as the last member of the organization. Vietnam is credited with saving Cambodia from the Khmer Rouge regime, which had killed nearly two million Cambodian residents. Since joining ASEAN, Cambodia has cooperated with Vietnam an

Vietnamese literature in the spotlight at the 14th Asian Children’s Content Festival

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Vietnam is the featured country at the 14th Asian Festival of Children’s Content (AFCC) in Singapore, as Vietnamese literature is in focus. Through various activities such as seminars, exhibitions, and book presentations, Vietnam has contributed to the success of AFCC 2023. That was shared by Claire Chiang, chairwoman of the Singapore Book Council – organizer of the AFCC 2023, when the event wrapped up on May 27.  Claire Chiang expressed her appreciation for the Vietnamese delegation’s active participation by hosting various activities. AFCC 2023 highlighted Vietnam’s children’s literature history and publishing opportunities, as well as showcasing the best picture book illustrations.  Chang also hoped to establish a version of the Asian Children’s Content Festival in Vietnam to further bilateral cooperation in literary development and translation between the Singaporean and Vietnamese literary communities. Eleven Vietnamese publishers and contributors in Vietnam participated in t

Lipsticks, skin cream made from dragon fruit seeds in Vietnam’s southwestern region

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“Initially, I could not find the right yeast for brewing, so the yeast failed to grow, leading to the discharge of 3,000 liters of decaying oil,” said Tran Quoc Trong, a teacher of Tran Phu Middle School in Ward 7, Tan An City under Long An Province, southern Vietnam. “Due to the failure, my family advised me to give up. At that time, I realized that mastering theory was not easy in practice. “To produce a practical product from theory, oftentimes we have to learn from the beginning. “As such, I thought that each product could only be successful at one stage, so I never stopped.” One Thursday at the beginning of this year, Trong had another teacher substitute for some physics and chemistry classes so that he could stay at home and prepare for the acceptance of a pilot project to turn out high quality dragon fruit seed oil under a contract signed by a company founded by Trong and the Long An Department of Science and Technology. His home is located in Long Tri Commune, Chau Thanh D

Vietnamese Scientist in UK Inspires Scientific Passion for Children

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Underprivileged children in London are the main beneficiaries of the opportunity to participate in the Science Camp. Photo: Vietnam+ Nguyen Thi Kim Thanh, a Vietnamese professor at University College London (UCL), who won many prestigious international awards for her scientific research, says she hopes to inspire students, especially the disadvantaged in London, to pursue their passion for scientific study, VNA reported. In 2019, Thanh was awarded the prestigious Royal Society Rosalind Franklin Medal by the Commonwealth Academy of Sciences for her research achievements in the field of nanomaterials for biomedicine. She used the prize money to organise a science camp in Wiltshire region of the UK to inspire high school 8th – 10th grade students to perform scientific research. The science camp was held in April 2023 at PGL Liddington adventure activity centre under the guidance of Professor Nguyen Thi Kim Thanh and colleagues. 46 high school students in London, mostly gi