The scene after a landslide at Rao Trang 3 hydropower plant in Thua Thien-Hue (Photo: VNA)

Quang Nam and Thua Thien-Hue will receive 20 billion VND each to overcome natural disaster aftermath in Tay Giang and Phong Dien districts, respectively. The rest will be earmarked for Huong Hoa and Dak Krong districts of Quang Tri province.

The PM ordered local authorities to use the funding for the right purposes and promptly distribute assistance to the needy.

Meanwhile, 80 billion VND had been raised for Quang Tri province as of November 17, according to the Vietnam Fatherland Front (VFF) in the province. More than half of the sum was delivered to the organisation.

President of the VFF Quang Tri chapter Dao Manh Hung said that the organisation had handed over 6.5 billion VND to localities and 110,000 aid packages to flood-hit residents.

Quang Tri bore the brunt of six floods and two strong tropical storms in October and November. Many schools were forced to close while hundreds of public works destroyed. Thousands of houses were submerged or collapsed.

Vietnam – a magnet for foreign investors: Russian expert

Having the third most vibrant startup ecosystem in Southeast Asia, Vietnam has been a promising land for foreign investors, Vietnam News Agency quoted Sergey Sinitsyn from the Moscow State Institute of International Relations saying that.

Illustrative photo. (Source: VNA)

A report from the ESP Capital and Cento Ventures shows that investment for Vietnam’s share of startup investment value in the region jumped from 5 percent in 2018 to 17 percent last year.

In the past four years, the country’s innovation and startup ecosystem has developed from dawn to a level that is significant to the whole region, Sinitsyn was reported by Sputnik as saying.

Vietnam has become a hub for innovation projects in Asia-Pacific, he said, adding attractive sectors include finance, education, technology, artificial intelligence and blockchain technology.

Several standout investments are Singaporean Temasek’s participation in VNG Corporation’s project, Softbanks & GIC’s investment in VNPAY, and Warburg Pincus’s investment in MoMo.

Particularly, VNG Corporation became Vietnam’s first ever unicorn tech start-up following investment of GIC, he said.

He stressed Vietnam has high-quality human resources, laying stress on the important roles of universities, institutes as well as business incubators and human resources training centres.

Meanwhile, the Vietnamese Government plays a tectonic role in encouraging and supporting a modern economy, he said, describing the Ministry of Science and Technology’s effort to organise the annual Techfest Vietnam which creates opportunities for local startups to access international markets like the US, the Republic of Korea, Singapore and Russia as a significant milestone in pushing ahead an innovative economy in the nation.

Da Nang to host Cultural Heritage Day for first time

The central city of Da Nang is set to celebrate the National Cultural Heritage Day with a series of activities to take place at Da Nang Museum from November 21 to 23, the Voice of Vietnam (VOV) reported.

Da Nang Museum (Photo:

The event will mark the first time that Da Nang has hosted such a festival, aiming to commemorate the 15th founding anniversary of the National Cultural Heritage Day (November 23).

A wide range of activities will be held during the course of the three-day festival, including a competition on cultural heritages of Da Nang, along with photo exhibitions featuring images of local heritage sites and cultural exchanges.

Most notably, a photo contest will be launched through Instagram for the purpose of allowing young people to learn about various cultural heritage values.

A trade fair to introduce items produced at local craft villages and a range of traditional food of different ethnic groups will also take place, while folk games are also anticipated to excite crowds during the festival./.

Compiled by BTA