WORKSHOP “XANH GAI, SÁNH GỐNG” – KHƠI DẬY TINH HOA NGÀNH MAY DỆT VÀ THỔ CẨM TRUYỀN THỐNG

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 Ngày 17/11, tại Triển lãm Vân Hồ, số 2 Hoa Lư, Hai Bà Trưng, Hà Nội sẽ diễn ra workshop “Xanh gai, Sánh Gồng”, một không gian mang đậm tính truyền thống và văn hoá bản địa do Empower Women Asia (EWA) – dự án thuộc tổ chức phi chính phủ Keep It Beautiful Vietnam (KIBV) tổ chức. Sự kiện nhắm đến những nhóm đối tượng những bạn trẻ, những người đam mê thời trang và nghệ thuật truyền thống, và những người khác du lịch nước ngoài với niềm yêu thích được tìm tòi về văn hoá bản địa.

Workshop hứa hẹn sẽ mang đến những giá trị sâu sắc về thời trang bền vững, sử dụng những chất liệu thổ cẩm dân gian như sợi gai dầu – linh hồn chính của sự kiện. Sự góp mặt của những gương mặt tiêu biểu, đại diện cho những giá trị tinh hoa ấy bao gồm: bà Rachel Nguyễn – founder tổ chức KIBV, bà Trần Thị Thu Hoàn – Trưởng đại diện của tổ chức KIBV tại Việt Nam, bà Ngọc Anh – NTK của La Phạm, bà Thạch Thuỷ Tiên – NTK trẻ và bà Corinna Joyce – Giám đốc/ Giảng viên Chương trình Cấp cao, RMIT

Đến với workshop, người tham dự sẽ được trải nghiệm một hành trình du lịch văn hoá với vô vàn những sự kiện và hoạt động trải nghiệm đặc sắc. Trong số đó, buổi đàm thoại về thời trang bền vững: “Hồi sinh Truyền thống, Đổi mới Tương lai: Thực hành Thời trang và Thiết kế Bền vững”, kết hợp cùng màn trình diễn bộ sưu tập “Mountain Dreams” của nhà thiết kế nổi tiếng La Phạm sẽ khiến khán giả phải suy ngẫm một cách sâu sắc về sự cấp bách và tính nghệ thuật trong vấn đề sử dụng những chất liệu thân thiện với môi trường trong ngành dệt may thời trang. 

Ngoài ra, quý khách tham dự còn được đắm chìm vào không gian nghệ thuật của những bức tranh phác hoạ quy trình dệt may vải, từ đó tự tay trải nghiệm thực hành dệt và nhuộm vải thủ công. Đặc biệt, hoạt động trên sẽ được đồng hành bởi các nghệ nhân gồm chị Vàng Thị Dế thuộc dân tộc H’Mông, và chị Sầm Thị Tình, một nghệ nhân tiêu biểu người Thái. Hơn thế nữa, nhằm quảng bá giá trị văn hoá và truyền thống của nhóm dân tộc thiểu số vùng Tây Bắc, những món ẩm thực cùng vùng miền cũng sẽ được phục vụ để quý khán giả có thể thưởng thức trọn vẹn nhất nét tinh tế trong nghệ thuật văn hoá truyền thống các nhóm dân tộc thiểu số.

Đặc biệt, đây là cũng là một cơ hội để EWA có thể lan tỏa những giá trị cốt lõi của dự án đến với cộng đồng nhằm giúp đỡ, nâng cao trình độ kỹ thuật và hỗ trợ thúc đẩy tiềm lực kinh tế cho nhóm phụ nữ và trẻ em gái tại các vùng cao Việt Nam. Chính vì vậy, ban tổ chức chương trình rất mong nhận được sự chú ý từ các cơ quan báo chí và truyền thông trong nước, nhằm lan tỏa rộng rãi những giá trị ý nghĩa mà chúng tôi muốn gửi gắm thông qua các hoạt động xuyên suốt sự kiện. Workshop “Xanh gai, Sánh gồng” không chỉ mang đến kiến thức mà còn truyền tải thông điệp về thời trang bền vững và bảo tồn nghề dệt truyền thống. 

Long An Hosts 2nd Annual Culture – Sports – Tourism Week

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The event will be held from November 28 to December 4, featuring numerous exciting activities, including the participation of provinces from South Korea.

The second Long An Culture – Sports – Tourism Week in 2024, themed “The Aspiration of Vam River,” will include 11 main activities aimed at showcasing the province’s unique tourism offerings, culinary specialties, and cultural heritage. The event will also host various sports competitions and a grand music festival.

South Korea will participate in several key events, including the Long An – Korea Tourism and Culinary Trade Fair, the Long An – Korea Friendship Golf Tournament, and the Hite Jinro Festival 2024 music night.

Long An, located at the gateway to the Mekong Delta and near Ho Chi Minh City, has strong potential for tourism development, combining both modern facilities and the charm of the riverine southern region. The event will also feature the Long An Investment Promotion Conference 2024, as well as a Conference on Tourism and OCOP Product Promotion and Cooperation between Ho Chi Minh City and the Mekong Delta region.

Identity set of Long An Culture – Sports – Tourism Week 2

According to Mr. Nguyen Thanh Thanh, Director of the Department of Culture, Sports, and Tourism of Long An, the event serves as a means of foreign information dissemination and promotion, highlighting Long An’s potential, strengths, and investment opportunities while celebrating the traditional, cultural, human , and natural resources of the province.

“After hosting the first Culture – Tourism Week in 2022, the province saw a 60% increase in visitor numbers year-over-year. This year, the organizers welcome around one million visitors,” Mr. Nguyen Thanh Thanh stated.

@vtv.vn

Da Nang to Host Series of Christmas and New Year 2025 Events

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From December 14, 2024, to January 2, 2025, Da Nang will host the “Danang X’mas – New Year Festival 2025,” a Christmas and New Year festival with numerous activities to attract tourists.

The Da Nang People’s Committee recently released its plan for the “Danang X’mas – New Year Festival 2025,” a large-scale cultural and tourism event designed to attract both domestic and international visitors to Da Nang for the New Year 2025.

Da Nang will organize a series of events to welcome Christmas and New Year 2025. Photo: Canva

Festival Opening Ceremony

The Christmas and New Year festival will officially open at 5:00 PM on December 20, 2024, and run until 10:00 PM on the same day at the northern scenic plaza on the west side of the Dragon Bridge. The opening will feature a parade with 200 participants dressed as Santa Claus, Snow Queens, and reindeer, accompanied by marching bands, dance performances, and singing along Bach Dang Street from the Nguyen Van Troi Bridge to the Dragon Bridge.

The festival will also include cocktail demonstrations, a Christmas tree lighting ceremony, Santa Claus gift-giving, New Year wishes, and a Christmas-themed performance.

Tourists on Bach Dang walking street. Photo: Xuan Vinh

Christmas and New Year Market

The Christmas and New Year 2025 Market will feature two main sections: one showcasing souvenirs and decorations, and the other dedicated to Vietnamese and international cuisine. In the souvenir area, visitors can shop for Christmas items, New Year 2025 gifts, OCOP products, and unique decorations.

The food area will offer both local and international dishes, including classic Christmas and New Year treats like Vin Chaud (hot mulled wine), cheese, pizza, sausages, grilled foods, and sweet treats.

The market will be open from 5:00 PM to 10:30 PM daily from December 20, 2024, to January 2, 2025, at the eastern riverside park near the Dragon Bridge (Tran Hung Dao – Ly Nam De area).

Recreational and Experiential Space

From 7:00 PM to 10:00 PM between December 20, 2024, and January 2, 2025, the northern scenic plaza and eastern riverside park of the Dragon Bridge will host entertainment and experiential spaces to celebrate Christmas and New Year.

Activities include Christmas tree decorating, Santa Claus costume contests, candy cane relays, and stocking-filling games. Visitors can also enjoy scavenger hunts for Christmas baubles, puzzles, beer and sausage eating contests, and a painting activity themed “Wishes for the New Year 2025.”

In addition, themed art performances will be held from 7:00 PM to 10:00 PM during this period at the northern scenic plaza and the eastern side of the Dragon Bridge.

Christmas and New Year Photo Zone

From December 14, 2024, to January 2, 2025, Da Nang will set up a “Christmas – New Year 2025” photo zone with three unique installations, each with a different theme. The displays include a Christmas light tree on the northern scenic plaza, west of the Dragon Bridge; a Christmas and New Year 2025 gift box display on the northern scenic plaza, east of the Dragon Bridge; and a “Welcome New Year 2025” sign at the southern scenic plaza, west of the Dragon Bridge.

@SGtiepthi

Extended Night Operations at Select Airports During Lunar New Year

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The Tho Xuan, Dong Hoi, Chu Lai, Phu Cat, Pleiku, and Tuy Hoa airports will extend their night-time operating hours for the upcoming Lunar New Year holiday.

The aviation industry is preparing for the Tet peak season. Photo: T.L.

The Civil Aviation Authority of Vietnam (CAAV) reported that it has received requests from Vietnam Airlines, Vietjet Air, and Bamboo Airways to extend night flight operations at select airports during the Lunar New Year 2025 (Year of the Snake).

In response, to meet the travel demand from January 14 to February 12, 2025, the aviation authority has involved the Airports Corporation of Vietnam and the Vietnam Air Traffic Management Corporation to proactively allocate resources and coordinate with airlines and other airport stakeholders to implement extended night operates at Tho Xuan (Thanh Hoa), Dong Hoi (Quang Binh), Chu Lai (Quang Nam), Phu Cat (Quy Nhon, Binh Dinh), Pleiku (Gia Lai), and Tuy Hoa (Phu Yen) airports.

Additionally, to meet the operational plans of airlines during this peak period, the CAAV has taken preparatory steps, such as facilitating airlines in expanding their fleets, adjusting slot allocation parameters at Tan Son Nhat Airport, and instructing airport service units to build plans and allocate resources to be ready for night operations.

The authority also announced it will monitor reservation trends and domestic airfare prices to promptly guide airlines in adding capacity on routes with high demand, ensuring adequate service for passengers during the 2025 Lunar New Year peak.

Currently, airlines are actively leasing additional aircraft to meet holiday demand.

Vietnam Airlines has announced plans to increase flights, expecting leasing an additional four Airbus A320/A321 aircraft, including two wet leases.

A Vietnam Airlines representative said that each aircraft is expected to operate 180 flights during the peak Lunar New Year season. Leasing two aircraft will add 64,800 seats, while leasing four will provide an additional 129,600 seats. Thus, the airline aims to quickly coordinate with service providers to receive the aircraft as planned.

Each aircraft, with a capacity of 180 passengers, will be staffed by flight attendants from both Vietnam Airlines and international partners, meeting the airline’s service standards, except for in-flight entertainment.

Meanwhile, Bamboo Airways CEO Luong Hoai Nam shared that over the past year, the airline has been actively searching for and negotiating with aircraft lessors worldwide to bolster its fleet in light of the global aircraft supply shortage.

According to Mr. Nam, Bamboo Airways is continuing discussions with partners and expects to welcome new aircraft before the 2025 Lunar New Year.

@Znews

Korean Towns Spring Up as Korean Tourists Flock to Vietnam

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Vietnam is witnessing a surge in South Korean tourists coming to visit, live, and work, surpassing by more than 50% the number of tourists from other ASEAN countries combined, according to Nikkei Asia.

Korean tourists walk in a Korean neighborhood in District 1, Ho Chi Minh City. Photo: Yuki Kohara.

Peter Jung, the owner of a premium clinic in Ho Chi Minh City specializing in scalp micropigmentation (SMP) treatment for hair loss, did not expect the overwhelming number of Korean tourists patronizing his business shortly after its opening.

Initially, Jung’s business targeted urban Vietnamese customers, and he even hired a bilingual interpreter for Korean-Vietnamese translation.

However, the high volume of Korean tourists using his services has shifted Jung’s perspective on the spending habits of his fellow Koreans.

“SMP treatments are quite costly, often equivalent to an entire month’s salary. The fact that Koreans are coming to Vietnam and opting for these Korean beauty services shows that the purchasing power of overseas Koreans has reached a level that can foster its own ecosystem in Southeast Asia,” Jung shared with Nikkei Asia.

Number of Koreans living in Vietnam and some ASEAN countries. Photo: Nikkei Asia.

In two “Korean Towns” in Ho Chi Minh City, people can find a range of services in Korean, from dental clinics and 3D golf simulators to stock trading and real estate agencies.

This trend is not limited to Ho Chi Minh City; Hanoi also has distinct areas predominantly inhabited by Koreans. Smaller Korean communities are emerging in provinces like Binh Duong and Dong Nai, where many foreign factories are located.

According to Nikkei Asia, approximately 178,000 South Koreans are currently living and working in Vietnam—60,000 more than in the rest of Southeast Asia combined, according to data from South Korea’s Ministry of Foreign Affairs.

The Japanese-based publication also notes that the wave of Koreans visiting Vietnam to explore history, seek investment opportunities, and start families shows no signs of slowing down.

Korean tourists enjoy exploring Vietnamese cuisine, alongside historical structures. Photo: Phuong Lam.

Aside from Vietnam, the United States, Japan, Canada, and China are the top four countries with the largest populations of Korean residents.

Data from the Korean Chamber of Commerce indicates that approximately 10,000 Korean-owned businesses operate in Vietnam, doubling over the past eight years.

These businesses are expanding to include tennis clubs, golf resorts, and they employ local staff in various fields, from accounting and coaching to tutoring, interior design, and acupuncture.

Park Jongil, CEO of Woori Bank Vietnam, remarked that cultural and traditional similarities make it easy for Koreans to feel comfortable and adapt quickly to life in Vietnam.

However, some lifestyle differences between the two countries still pose challenges for Koreans. Common issues include dealing with petty bribery and occasionally irritable taxi drivers.

@Znews

Nearly 55,000 Flights Delayed in First 10 Months of 2024

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The Civil Aviation Authority of Vietnam reported that nearly 55,000 flights faced delays in the first ten months of 2024, primarily due to late-arriving aircraft. Of nearly 212,000 total flights operated by Vietnamese airlines during this period, only about 74% departed on schedule, while 841 flights were canceled.

Vietnam Airlines achieved an 82.6% on-time rate, with 75,232 out of 91,035 flights departing as scheduled. Bamboo Airways led the industry with 83.3% punctuality, while VietJet Air saw 57,815 flights depart on time. In total, the average on-time performance across all Vietnamese carriers reached 74.2%.

Flight delays affected 25.8% of all flights, with late aircraft arrivals accounting for 15.2% and airport infrastructure and services adding 0.8%. Meanwhile, operational issues were cited as the main cause of the 841 canceled flights over these ten months.

In October alone, Vietnamese airlines operated 17,847 flights, with 74.6% departing on time and 4,532 delayed. The transition to the Winter 2024 schedule, starting from October 27, has prompted both Vietnamese and foreign airlines to increase flights to meet the growing demand.

Vietnamese carriers, including Vietnam Airlines, Vietjet Air, Vietravel Airlines, and Bamboo Airways, are now offering 1,013 weekly round-trip international flights across 98 routes to 20 countries and territories—a six-route increase from the Summer 2024 schedule. Additionally, Vietnamese carriers maintain 45 domestic routes connecting 22 airports.

Revitalizing Da Nang’s Tourism Presence in China

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On November 9, Da Nang’s Department of Tourism announced positive results from a recent tourism promotion trip to Kunming and Chongqing in China.

From November 3 to 8, a delegation from Da Nang’s Department of Tourism participated in the Vietnam Culture and Tourism Festival in Kunming and a cultural and tourism promotion event in Chongqing. This activity marked the 75th anniversary of diplomatic relations between Vietnam and China, providing an opportunity for localities, including Da Nang, to promote new destinations and unique tourism products to the Chinese market.

The program featured cultural performances and a space showcasing Vietnamese culture and tourism, with participation from Vietnamese expatriates, media outlets, travel bloggers, tour operators, travel agencies, and major airlines.

Mr. Tan Van Vuong, Deputy Director of Da Nang’s Department of Tourism and head of the delegation, shared that Da Nang tourism focused on promoting beach resorts, cultural tourism, cuisine, shopping, MICE tourism, golf, wedding tourism, and festivals and events to travel agencies in Kunming and Chongqing.

Local authorities and businesses, including Da Nang’s tourism sector, had the opportunity to connect, exchange, and present products and services to partners, fostering mutual exchange of visitors.

The Da Nang delegation also met with the Yunnan Provincial Department of Culture and Tourism and the Chongqing Municipal Cultural and Tourism Development Committee to present Da Nang’s attractions, products, and services tailored for Chinese tourists. They also shared recent achievements in visitor attraction and proposed opening new flight routes from Yunnan and Chongqing to Da Nang to strengthen tourism exchange.

Mr. Tan Van Vuong stated, “Da Nang has long been a favorite destination for Chinese tourists. Through this program, we aim to restore Da Nang’s tourism presence in China, promoting the image of a safe, friendly, and welcoming Da Nang, as well as introducing new tourism products to the Chinese market.”

According to Da Nang’s Department of Tourism, from 2016 to 2019, China was consistently a key tourism market for Da Nang, with annual growth in visitor numbers. In 2019 alone, Da Nang connected to 26 regular and charter flights to major cities in China.

Source: thanhnien.vn

With a 50% reduction in registration fees, Vietnamese people are buying more domestically-produced cars than imported ones.

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As the year-end months approach, the demand for cars among Vietnamese consumers continues to rise, with domestically assembled vehicles benefiting from a 50% reduction in registration fees being favored over imported cars.

Increased travel needs and work-related purposes drive more Vietnamese to purchase cars, mainly choosing domestically assembled passenger vehicles with under 9 seats, which are eligible for the 50% registration fee discount. This policy has boosted the consumption of locally produced cars, helping them regain a competitive edge over imported models.

Growing Demand for New Cars Among Vietnamese Consumers

Efforts from manufacturers and distributors, combined with the increasing demand for new cars among Vietnamese consumers toward the end of the year, are driving growth in the automotive market. This trend is reflected in the October 2024 sales results reported by the Vietnam Automobile Manufacturers Association (VAMA).

Specifically, according to the latest sales data from VAMA, in October 2024, total sales of various types of vehicles from VAMA members reached 38,761 units, an increase of 2,176 vehicles (approximately 6%) compared to September 2024. This marks the second consecutive month that the Vietnamese automobile market has grown, maintaining sales above 35,000 units.

“The market’s continued growth momentum in October 2024, with sales reaching nearly 40,000 units, is a result of government support for domestically assembled cars and the efforts of automotive manufacturers and dealers,” shared the head of sales at a Ford dealership in Ho Chi Minh City.

Alongside the 50% reduction in registration fees for domestically assembled vehicles under Decree 109/2024/ND-CP, many assembled and imported car models are also benefiting from special promotions offered by car manufacturers and dealerships. These discounts have significantly reduced car prices, boosting consumer interest.

Including 7,639 vehicles assembled and distributed by TC Motor in October 2024, Vietnamese consumers purchased a total of 46,400 vehicles, an increase of 3,297 units (around 7.1%) compared to September 2024. Among these, passenger cars with under 9 seats remain the majority, reflecting a rising demand for personal, family, and work-related vehicles in Vietnam.

Leveraging Registration Fee Incentives, Domestic Cars Turn the Tables

Similar to September 2024, when Decree 109/2024/ND-CP officially took effect, the “booster” of a 50% reduction in registration fees once again proved effective, helping domestically assembled cars achieve strong sales growth and turn the tables on imported vehicles.

In October 2024, sales of domestically assembled cars reached 21,113 units, an 8% increase, while completely built-up (CBU) imported cars reached only 17,648 units, up by 3% from the previous month.

VAMA data shows that, excluding models assembled and distributed by TC Motor and electric car sales, domestic vehicle sales still demonstrate the effectiveness of the reduced registration fee policy for “domestic” cars.

After the first ten months of 2024, imported car sales reached 129,590 units, up 34.9% compared to the same period last year, yet still lower than the sales of domestically assembled cars, which totaled 134,754 units (a 3% decrease from the previous year). Thus, after months of trailing behind imported cars, domestically assembled cars have successfully turned the tide.

Source: thanhnien.vn

Unique Street in Ho Chi Minh City: The ‘Curve Wizard’ of Ao Dai with Over Half a Century on Pasteur Street

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The Ao Dai street, which has taken shape for over half a century on Pasteur Street, stretches more than 1 km and is home to nearly 20 shops specializing in tailoring and designing Ao Dai.

We visited Pasteur Street’s Ao Dai district on the afternoon of November 13, riding beneath the soft, golden sunlight cast behind us. Along the street, Ao Dai design shops stand side by side, creating a strip of delicate silk. This street is accessible from many directions within Ho Chi Minh City.

To me, Pasteur Street has a romantic and poetic charm, with wide sidewalks, tall trees lining both sides, casting shadows interspersed with golden sunlight on the pavement. The street also exudes elegance and timelessness with its preserved French architectural landmarks, such as the over-130-year-old Pasteur Institute of Ho Chi Minh City.

Grace Amidst the Urban Heart

Stopping by the Pasteur Institute in Ho Chi Minh City, we were struck by the tailor shops across the street. The storefronts display a variety of Ao Dai designs, ranging from traditional to modern styles.

We met an elderly man with a gentle face, dressed elegantly, delicately handling a piece of pink fabric. His hands moved gracefully and meticulously as he measured and sketched chalk lines onto the cloth.

This was Mr. Nguyen Van Toan, 77, owner of Thanh Ha Tailor Shop and the first generation in his family to uphold a three-generation legacy of Ao Dai tailoring. He shared with us the rich history of Ao Dai tailoring, a craft he has dedicated himself to for 61 years.

Mr. Toan recalled that in the 1950s, everyone in the Ao Dai tailoring world knew of Saigon’s “Curve Wizard,” Mrs. Nguyen Thi Bac, owner of the famous Thiet Lap tailor shop on Pasteur Street, District 3, Ho Chi Minh City. Mrs. Bac laid the foundation for Pasteur Street’s Ao Dai district. At that time, Thiet Lap was a renowned Ao Dai shop with a team of 50 tailors, becoming a “phenomenon” as nightclub singers and the elite flocked there to wear the coveted “wasp-waist” Ao Dai. Later, when Mrs. Bac settled abroad, she passed down the craft to her descendants.

Mr. Toan’s shop became the third Ao Dai tailor shop on Pasteur Street (after Thiet Lap and Nha). Initially, he worked as a contract tailor for various shops and sold his creations in Cho Lon. By 2000, driven by the desire for a supportive business community and noticing Pasteur Street’s appeal to foreign visitors and its central location, he decided to move his shop there.

At that time, the street had only about three or four shops, but over the years, the number of stores gradually increased.

Having been connected to the Ao Dai for over half a century, Mr. Toan shared that in the 1960s and 1970s, Ao Dai was seen as the standard of beauty. The tightly-fitted Ao Dai, with a cinched waist emphasizing an alluring hourglass shape, was considered “fashionable” and dominated Saigon’s streets.

After 1975, the popularity of Ao Dai declined, losing its exclusive status as Western-style clothing began to gain favor.

Over 60 Years Living with Ao Dai

Mr. Toan has continuously adapted Ao Dai designs to meet changing customer preferences. In the past, people preferred Ao Dai with raglan sleeves (where the sleeves extend from the collar to provide a snug fit and reduce creases around the shoulders and armpits) and a traditional high collar.

Today, customers favor modernized Ao Dai styles, with innovations such as deep necklines, lotus leaf collars, heart-shaped collars, and intricate embellishments like gemstones and floral embroidery—creating a fresh look while maintaining the inherent elegance and grace.

“In addition to my own designs, I also tailor based on customers’ ideas. For instance, if a customer wants a unique Ao Dai with shoulders like a dress, I’ll create it as requested. One must always change, innovate designs to keep up with the times and trends,” Mr. Toan explained.

The price of an Ao Dai at Mr. Toan’s shop varies depending on the fabric and design. For regular fabrics, the cost can be around VND 1 million. For high-end materials like silk, lace, or imported fabrics, the price can reach several tens of millions of dong.

Mr. Toan believes that the true value of an Ao Dai lies in the dedication of the tailor and the happiness of the wearer. “In this traditional Ao Dai tailoring craft, just seeing people wear it beautifully on the street makes me happy,” he says with a warm smile.

While time has changed many things and Saigon no longer has the quiet charm of the past, Pasteur’s Ao Dai street continues to thrive alongside the city’s modern pulse. According to long-time artisans here, handcrafted Ao Dai faces challenges due to the impact of Covid-19 and competition from mass-produced, affordable, and convenient products.

Amid the bustling urban landscape, surrounded by skyscrapers and the city’s fast-paced rhythm, Pasteur Street preserves the timeless beauty of the nation. Many young people and foreign visitors come to Pasteur’s Ao Dai street, seeking a sense of nostalgia and a unique beauty found nowhere else.

When visiting, as we admire the flowing, graceful, and elegant Ao Dai, we can catch a glimpse of memories from bygone years.

Source: thanhnien.vn

Investment Risks Drive Cash Flow into Savings as Gold and Real Estate Markets Face Challenges

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Individual customers’ deposits continue to flow into the banking system despite savings interest rates remaining low.

Deposits Reach Record High

According to recent data from the State Bank of Vietnam (SBV), as of the end of August, citizens have deposited over VND 6,924 trillion, marking a 6% increase compared to the end of 2023. In August alone, banks mobilized an additional VND 86 trillion from individuals, bringing the total increase in deposits since the beginning of the year to over VND 392 trillion. This marks the second consecutive month of growth. On average, individual customers deposited over VND 2.866 trillion per day in August, four times the average daily amount of the previous month, which was only VND 700 billion per day. Over the first eight months of 2024, residential deposits showed positive growth each month, with January as the only exception, showing a decline. Notably, individual deposits have surpassed those of economic organizations.

Not only individual deposits but also deposits from economic organizations increased in August by VND 68 trillion from the previous month, reaching VND 6.836 trillion. However, compared to the end of 2023, deposits from organizations still recorded a decrease of 0.05% (down by VND 5 trillion). Over the first eight months, organizational deposits continuously showed negative growth, with June as the only month with positive growth.

The total payment instruments in August increased by VND 257 trillion from the previous month, raising the growth compared to the end of 2023 to 4.12%, reaching VND 16.658 trillion. Among this, deposits from individuals and economic organizations reached a record level of more than VND 13.762 trillion. According to data from the SBV, total deposits by the end of October were estimated at VND 14.5 trillion, indicating continued deposit growth in September and October.

In Ho Chi Minh City, the capital mobilization rate by banks outpaced lending. The SBV branch in Ho Chi Minh City reported that credit growth over the ten months reached 6.87%, while banks’ capital mobilization increased by 8.9% compared to the end of 2023. Loan outstanding balances amounted to VND 3.7 trillion, while deposit mobilization reached VND 3.8 trillion.

Notably, individual deposits continue flowing into banks despite low savings interest rates, even though deposit interest rates began to increase slightly in April. Moving into November, some banks raised their deposit rates by about 0.1-0.6%, but current deposit interest rates remain between 5-7% per year for 12-month terms and 4.5-5% per year for 6-9 month terms.

Idle Money Seeking an Outlet

Assoc. Prof. Dr. Nguyen Huu Huan from the University of Economics Ho Chi Minh City noted that this trend suggests that savings deposits remain a safe haven while waiting for other investment channels to become more attractive. Currently, real estate and stocks are still unappealing, and while gold prices rose significantly in 2024, people with available funds have found it difficult to purchase. “A friend of mine has VND 8 billion in bank deposits. When gold prices were around VND 80 million per tael, he planned to shift his savings into gold. However, banks and gold trading companies only sold small amounts—one tael at a time—making it uncertain how long it would take to buy 100 taels. Unable to purchase gold, he continued depositing his money in the bank at a 6% interest rate, earning VND 35 million in interest monthly,” Huan explained.

In reality, among investment channels, gold has seen the strongest price increase. As of now, SJC gold bars have risen by VND 10 million per tael (equivalent to a 13.5% increase), with peaks of up to VND 18 million per tael (a 24.3% increase). On November 13, SJC gold trading units were buying at VND 80.5 million per tael and selling at VND 84 million. Meanwhile, gold prices in the free market were down VND 1 million per tael compared to official systems, with SJC gold bars selling for approximately VND 83 million per tael and buying at VND 82 million. For those holding gold rings, the price increase ranged from VND 20 to 27 million per tael (up 31.5% to 42%). On November 13, the buying price of gold rings hovered around VND 80.8 – 81.2 million, with selling prices from VND 83 – 83.2 million. However, as mentioned, low liquidity and difficulty in buying and selling remain limitations for this investment channel.

Regarding the increase in organizational deposits, Mr. Nguyen Huu Huan expressed some doubts. He noted that the rise in August might be seasonal, as funds are received for payments but not yet allocated to production or business activities. However, the increase in organizational deposits in September and October is concerning because the end of the year is typically a period of higher individual spending, which generally leads to a slower growth in both individual and organizational deposits toward year-end.

Sharing the same view, financial expert Huynh Trung Minh believes that as other investment channels still carry risks, cash flow temporarily seeks safety in savings. For instance, real estate prices in certain areas are currently high, deterring investors. Additionally, real estate companies are facing financial difficulties, so when launching new projects, individuals are cautious, weighing various factors before deciding to invest. As for stocks, not everyone has enough knowledge to risk investing.

“In fact, the gold market has been the most dynamic in 2024, with prices fluctuating continuously. However, the domestic gold market is regulated, making it difficult to purchase gold. Moreover, individuals are only allowed to buy one tael at a time, and purchasing in larger quantities requires turning to the free market. However, regulations only permit SJC gold bars to be traded at licensed outlets, meaning buying and selling SJC gold bars in the free market is illegal and may result in fines or confiscation, similar to foreign currency violations. Additionally, many forecasts indicate that global gold prices will continue to fluctuate, especially as U.S. President-elect Donald Trump implements new economic policies. This could lead to significant gold price swings in the near future,” Minh explained.

Source: thanhnien.vn

North-South High-Speed Railway Route Adjustment Through Nam Định to Yield USD 400 Million Benefit

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The Ministry of Transport (Bộ GTVT) believes that choosing the route for the North-South high-speed railway to pass through Nam Định City offers an estimated benefit of around USD 400 million over 30 years, compared to a direct route that bypasses this area.

This information was presented by the Ministry of Transport in a report addressing the feedback and explanations provided to the Standing Committee of the National Assembly regarding the North-South high-speed railway project.

Previously, the reviewing authority suggested clarifying the route direction following the principle of “as straight as possible,” especially in the section passing through Nam Dinh Province, to ensure the project’s effectiveness.

According to the Ministry of Transport, the route through Nam Dinh Province has been studied to ensure alignment with the national, regional, and provincial planning frameworks. During the research process, the design unit proposed three options for analysis and comparison.

•Option 1 routes closer to Nam Dinh City, with the station located approximately 5 km from the city center.

•Option 2 routes farther from the city center, with the station about 12 km away.

•Option 3 extends the route directly connecting Ha Nam and Ninh Binh without passing through Nam Dinh.

According to Ministry of Transport leaders, Nam Dinh City, serving as the southern center of the Northern Coastal Region, has a projected population of about 600,000 by 2040. It is a transportation hub with high transport demand and attracts nearby areas in the Red River Delta, such as Thai Binh and Hung Yen.

By 2050, the demand for arriving and departing passengers at Nam Dinh station is forecasted to reach nearly 3 million passengers per year. Additionally, if investment and operational costs are calculated over 30 years, the section passing through Nam Dinh (12 km) will cost approximately USD 1.66 billion, with estimated benefits of USD 2.06 billion.

The report notes that operating the high-speed rail line through Nam Dinh City would yield an estimated USD 400 million in benefits over 30 years compared to a direct route bypassing the area. Furthermore, global experience shows that many high-speed rail routes bypass large centers to attract passengers, as seen in Japan, South Korea, and Germany.

In discussions on November 13 regarding the investment policy for the North-South high-speed railway project, delegate Nguyen Hai Dung (from Nam Dinh) also emphasized that the high-speed railway station is included in the national and provincial railway planning for Nam Dinh Province for the 2021–2030 period, with a vision to 2050, located in My Hung Commune (now Hung Loc Ward, Nam Dinh City).

Dung expressed that the people of Nam Dinh are delighted to see the planned high-speed railway route passing through the province and hope this will soon become a reality.

High-Speed Railway Route Options

The Ministry of Transport stated that the proposed high-speed railway route considered connectivity with existing and planned railway lines, urban railway networks in Hanoi and Ho Chi Minh City, major airports, seaports, key economic zones, and international rail connections (China, Laos, Cambodia).

In the northern region, starting from the Ngoc Hoi complex and Thuong Tin station, the route will connect with northern railway lines (Lao Cai – Hanoi – Hai Phong, Hanoi – Lang Son) via the eastern and western ring lines.

Additionally, the route will connect with central Hanoi via Metro Line No. 1, link to Noi Bai Airport through Metro Line No. 6, and connect to the seaports in the Hai Phong area, enabling international transportation with China through the Lao Cai – Hanoi – Hai Phong and Hanoi – Lang Son lines.

Central Region: The route will facilitate international connections with Laos at Vung Ang Station via the Mu Gia – Vung Ang – Vientiane line. At Chu Lai Station, it will connect with Chu Lai Airport, which is planned as a central freight transport hub for the region. The route will also link to Vung Ang Port (Vung Ang Station), Ky Ha Port (Chu Lai Station), and Van Phong Port (Ninh Hoa Station), and integrate with the railway line passing through the Central Highlands at Da Nang Station.

Southern Region: The route will connect with Ho Chi Minh City’s railway network and seaports (Cai Mep – Thi Vai) via the Bien Hoa – Vung Tau line (Trang Bom Station). It will also establish international transportation links with Cambodia through the Ho Chi Minh City – Loc Ninh line. In the Mekong Delta region, the route will follow the Ho Chi Minh City – Can Tho line. Thu Thiem Station will link to central Ho Chi Minh City and Tan Son Nhat International Airport through metro lines, with direct connectivity to Long Thanh Airport at Long Thanh Station.

Vietnam Airlines Plans to Lease 4 Additional Aircraft for Lunar New Year 2025

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The airline hopes to lease aircraft soon to add 130,000 seats during the peak travel season for the 2025 Lunar New Year.

The aviation industry is rushing to charter more aircraft before the Tet peak season. Photo: VNA.

Vietnam Airlines has recently announced plans to increase flights to meet travel demand during Tet 2025. The airline intends to lease four Airbus A320/A321 aircraft, including two on wet leases.

According to a representative from Vietnam Airlines, each aircraft is expected to operate 180 flights during the Tet peak period. Leasing two aircraft will provide an additional 64,800 seats, while four aircraft will add 129,600 seats for the high-demand season. As such, the airline aims to promptly partner with service providers to secure these aircraft as planned.

These planes, with a capacity of 180 passengers, will be staffed by Vietnam Airlines and foreign flight attendants, maintaining the airline’s service standards, except for the in-flight entertainment system.

Meanwhile, Bamboo Airways’ CEO, Luong Hoai Nam, stated that over the past year, the airline has been seeking and negotiating with leasing companies worldwide to acquire more aircraft amid a global shortage.

According to Mr. Nam, Bamboo Airways continues to work closely with partners and expects to receive new planes before Tet 2025.

Regarding ticket availability for the upcoming Tet holiday, since September, the Vietnam Airlines Group—including Vietnam Airlines, Pacific Airlines, and VASCO—has made nearly 1.5 million tickets available for purchase on all domestic routes.

Vietjet Air also opened sales early, offering 2.6 million tickets for flights from January 15 to February 12, 2025 (December 16 of the lunar year Giap Thin to January 15 of the lunar year At Ty).

Bamboo Airways has also launched ticket sales for the same period, with flexible pricing to match actual market demand, allowing passengers to choose suitable fares.

On the regulatory side, the Civil Aviation Authority of Vietnam (CAAV) has issued a decision to adjust flight slot parameters at Tan Son Nhat International Airport from January 14 to February 12, 2025, in preparation for the Lunar New Year.

specifically, the airport will increase from 42 flights per hour to 46 flights per hour during peak hours from 6:00 AM to 11:55 PM. From midnight to 5:55 AM, flights will increase from 32 per hour to 42 per hour.

In the domestic terminal area, departure flights in Hall A will increase from 13 per hour to 15 per hour, Hall B from 11 to 13 per hour, and domestic arrivals will increase from 21 per hour to 22 per hour.

According to the CAAV, this early decision will enable airlines and related industry units to proactively develop operational plans for Tet 2025, and to inform passengers promptly, allowing them to plan their travel more effectively for the holiday season.

@Znews

Vietnam’s Integrated Resort Ranked Among Asia’s Best

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A golf-integrated resort in Quang Nam has been recognized by Travel+Leisure as Asia’s Best Integrated Resort in 2024.

The only representative of Vietnam in Quang Nam is highly appreciated by Travel+Leisure for its experience for tourists. Photo: @hoiana_resort_golf.

During the peak summer and year-end travel seasons, Travel+Leisure Southeast Asia, Hong Kong, and Macau editions released their 2024 Best Integrated Resorts in Asia-Pacific awards to recommend top destinations for travelers. In this list, Hoiana Resort & Golf (Quang Nam) is the only Vietnamese establishment to be featured.

The travel site defines an integrated resort as a place where guests can enjoy premium dining (such as Michelin-level), family-friendly activities, local cultural experiences, pools, and a sense of homelike comfort—all with unique touches.

In their review of Vietnam’s award-winning representative, Travel+Leisure praised Hoiana as an ideal central Vietnam destination suited to a wide range of guests, especially golf enthusiasts, with its proximity to both the coast and popular tourist sites in Hoi An.

Hoiana Shores Golf Club. Photo: @hoiana_resort_golf.

The resort spans 4 km of pristine coastline in Quang Nam, near two UNESCO World Heritage sites—the Hoi An Ancient Town and My Son Sanctuary. It offers over 1,200 rooms across four upscale hotels.

In addition, Hoiana features 20 high-end restaurants and bars, the Hoiana Shores Golf Club, eight pickleball courts, Asia’s largest beach club, and a 2,700-square-meter kids’ club.

A Premier Suite at the Galaxy Macau integrated resort. Photo: Galaxy Macau.

Aside from Hoiana Resort & Golf, other winners in the awards include two resorts from Singapore, two from Australia, two from the Philippines, and three from Macau, China.

At the top is Galaxy Macau (Cotai, Macau, China), an integrated resort with eight 5-star hotels, family attractions, casinos for all ages, the world’s longest rooftop lazy river, and a 150-meter artificial beach.

Singapore’s Marina Bay Sands, with its iconic sky park shaped like a ship and views of the Singapore Strait, also earned a place on the list.

@Znews

Vietnam Ranks Among Top 5 Most Memorable Christmas Destinations in Asia

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With its natural beauty, rich culture, cuisine, and a variety of outdoor activities, Vietnam has been voted as a perfect destination for an unforgettable Christmas away from home.

Young people check in at a Christmas-style cafe in Ho Chi Minh City in early October. Photo: Phuong Lam.

Travel site World Expeditions recently announced its list of the top 5 most memorable Christmas destinations in Asia. Remarkably, Vietnam secured the second spot on this list and was praised as a stunning location filled with unique heritage sites.

World Expeditions describes Vietnam as a country with impressive landscapes, a long history, and a vibrant culture. From the bustling atmosphere of Hanoi to the spectacular shores of Ha Long Bay, these attractions offer visitors unforgettable experiences, inspiring them to return time and again.

Notably, leading the list this year is Laos—the pristine gem of Southeast Asia.

With winding rivers, remote villages, and tranquil towns, Laos is known for its peaceful pace of life, inviting travelers to slow down, unwind, and immerse themselves in the serene environment.

Relaxing doesn’t mean boring, however. Laos’ cities showcase a blend of gilded Buddhist temples, French colonial architecture, and colorful markets filled with the aromas of incense and street food.

The remaining spots on the list are held by Thailand, Cambodia, and Myanmar. These impressive destinations feature vibrant temples and attract millions of visitors every year.

With a trend of escaping crowds, many people choose to spend Christmas at unique, secluded destinations. In this regard, Asia offers an ideal option, perfectly meeting this demand. It also ranks as the top choice among World Expeditions readers for an unforgettable Christmas holiday away from home.

@Znews

Upcoming Festival of Red Ceramic Bricks – Green Economy in Vinh Long Province

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The first Festival of Red Ceramic Bricks – Green Economy in Vinh Long Province 2024 will take place at the red ceramic brick craft village along the Thay Cai Canal in Mang Thit District, Vinh Long Province, from November 16 to November 23, 2024.

According to the Vinh Long Department of Tourism, this inaugural festival will feature diverse activities, offering visitors an engaging experience of Vinh Long and the unique cultural values ​​of the “Red Kingdom – Mang Thit.” The opening ceremony is scheduled for 8:00 p.m. on November 16 at the brick production craft village along Thay Cai Canal.

Festival staging can visit, experience, and explore the red ceramic brick craft village, watch artisans create and explain the history and development of this brick-making hub, as well as the meticulous process of crafting unique ceramic brick products that embody traditional Vietnamese culture.

A highlight of the festival will be an expansive exhibition space with “floating market” activities on both water and land. Approximately 30 boats will line the riverbank, loaded with local agricultural products and materials, while around 40 stalls on land will showcase OCOP products, notable village craft goods, and regional agricultural specialties.

Additionally, the festival will include LED kite performances, with kites ranging in size from 5 meters to over 20 meters soaring through the sky for visitors to admire. Approximately 300 drones will perform for 10-15 minutes, displaying iconic images of Mang Thit in the night sky during the opening ceremony.

As part of the festival, Vinh Long will set a record with 102 dishes made from soy tofu skin, marking the first showcase of tofu skin dishes in Vietnam. Established nearly a century ago, the My Hoa tofu skin craft village in Binh Minh, Vinh Long, has become an increasingly popular attraction for visitors.

The Green Economy activities will include various events such as a photo exhibition themed “Green Environment – ​​Green Life – Green Tourism” at T&T Phuoc Tho residential area, Pho Co Dieu Street, Ward 3, Vinh Long City; a regional specialty fair showcasing the Mekong Delta; and exhibition and experiential spaces for agricultural, industrial, and tourism products along Vo Van Kiet Street.

There will also be additional activities, such as planting commemorative trees under the theme “For a Green Earth” and a cultural space featuring agricultural products and tools on display.

@SGtiepthi

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