Vietnam news in brief - September 28
Keep updated on the latest news about Vietnam.
Vietnam moves up two places to 46th in Global Innovation Index 2023
Vietnam has moved up two places to 46th out of 132 nations in the Global Innovation Index 2023, released by the World Intellectual Property Organization (WIPO) in Switzerland on September 27 (local time).
According to WIPO, Vietnam is among the three lower-middle-income countries that have made the most progress in innovation over the past decade and one of the three record-holders by being an innovation outperformer for the 13th consecutive year.
"Tro tan ruc ro" to be present at the 96th Academy Awards
| A poster of Tro tan ruc ro movie |
The Vietnamese film "Tro tan ruc ro" (Glorious Ashes) will represent Vietnam in the race for an Oscar at the 96th Academy Awards on March 10, 2024. The film tells the story of the love of southern women for their men. It was released in December 2022 after seven years of production and was directed by Bui Thac Chuyen.
The film won the Best Feature Film category, and Chuyen was named the Best Director at Vietnam's 2023 Golden Kite Awards, the most prestigious film award for cine artists.
Vietnam ranks 2nd among largest cassava flour sellers in Taiwan
Vietnam is the second-largest exporter of cassava flour to Taiwan (China), as reported by the Ministry of Industry and Trade. Vietnam shipped approximately 30,600 tons valued at US$15.6 million to Taiwan from January to August. These figures represented a decrease of about 18-20% in volume and value compared to the previous year.
Vietnam's cassava flour products accounted for nearly 14% of the Taiwanese market from January to August, increasing almost 3% year-on-year. Thailand holds the position of being the largest exporter of cassava flour to Taiwan.
Bamboo Airways restructures its fleet
| Vietnamese air carrier Bamboo Airways |
After completing the restructuring of its flight network, Bamboo Airways may get rid of some aircraft to reduce costs.
According to Planespotters, Bamboo Airways currently operates 23 aircraft, seven fewer than last year. Typically, fleet costs can account for nearly 20% of an airline's total operating costs. This ratio plays a crucial role in determining an airline's profitability.
Chinese solar panel giant to build another factory in Vietnam
Trina Solar plans to build its third factory in Vietnam on a 25-hectare site worth $400 million, according to Reuters.
The solar panel maker has two factories in Vietnam in Bac Giang and Thai Nguyen provinces. The existing factories are in production, with one starting silicon wafer production last month with an expected annual output of 6.5 GW and another producing solar cells and panels.
Hanoi's digital economy aims to account for 30% of GRDP by 2030
The share of Hanoi's digital economy is expected to reach 30% of the city's GRDP by 2025.
The latest plan issued by the Hanoi People's Committee outlines the goal of achieving a digital economy proportion of at least 10% in each sector and field, along with an annual labor productivity increase of more than 7%. This plan is part of Hanoi's broader strategy for digital transformation and the development of a smart city by 2025, with a vision extending to 2030.
Additionally, the municipal People's Committee emphasizes the need to continue implementing a comprehensive and synchronized approach to ensure the connection and sharing of digital data by regulations. The committee discourages the development of small-scale applications specific to individual units and underscores the importance of building upon previous efforts to establish e-government in alignment with the city's regulations.
