The Vietnamese word "hiện nay" means "nowadays" or "today" in English. It is used to refer to the present time or the current situation. This phrase is commonly used in both spoken and written Vietnamese to discuss what is happening at the moment or to compare the past with the present.
Hiện nay, nhiều người sử dụng công nghệ mới.
Giá cả hiện nay đang tăng lên.
While "hiện nay" primarily refers to the present time, it does not have other meanings outside this context. It strictly relates to discussions about current events or situations.