Vietnam faces huge inflationary pressure in 2023: expert
Inflationary pressure for Vietnam's economy in 2023 is "huge" and comes from many factors, he said in an interview with the Vietnam News Agency (VNA). Demand for petrol and electricity – the two important commodities for production and consumption – will increase in 2023. It is calculated that if the electricity price rises by 8%, the GDP will decrease by 0.36% and inflation will be up by 0.5%. If the electricity price increases by 10%, the GDP will decline by 0.45% and inflation will be up 0.61%, Lam said. The business community needs to make thorough preparations to boost production and business, ensuring the supply and circulation of goods.
Source:Viet Nam News
February 05, 2023 03:36 UTC
VIETNAM NEWS HEADLINES FEBRUARY 4/2023
It was recognised by the Vietnam Records Organisation (VietKings) as the biggest of its kind held in Buddhist rituals in Vietnam. A household that has not received compensation at Vinh Loc Residential Area in Binh Hung Hoa B Ward, Binh Tan District. Former Dutch diplomat donates paintings to Vietnamese museumThe Vietnam National Fine Arts Museum has recently received two paintings from former Deputy Ambassador of the Netherlands to Vietnam Ellen Berends. House prices in the outskirt of HCMC like Hoc Mon District, Cu Chi District, District 12 have witnessed a significant rise. A household that has not received compensation at Vinh Loc Residential Area in Binh Hung Hoa B Ward, Binh Tan District.
Source:Viet Nam News
February 04, 2023 20:39 UTC
☀️ Morning digest January 31
Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. The working session followed his fact-finding tour of some key transport projects after the Lunar New Year holiday. The Vietnamese Embassy in Belarus has organised a programme attracting over 400 Vietnamese and their Belarusian relatives. The sum was sourced from the Ho Chi Minh City chapter of the Vietnam Fatherland Front’s Fund for the Poor. Accordingly, the retail price of RON 95 went up 990 VND per litre to 23,140 VND (0.91 USD) from 7pm the same day./.
Source:Viet Nam News
January 31, 2023 02:09 UTC
Lung Tung festival opens in Lai Chau province
At the festival. (Photo: VNA)Lai Chau (VNA) – Thai ethnic people in Than Uyen district, the northern province of Lai Chau, held their traditional new year festival of Lung Tung (Going to the field) on January 29, drawing crowds of local residents and visitors. Then, the government's and locals' representatives went to the field to perform the plowing and sowing rituals, hoping for a year of abundant harvest. During the festival, visitors have a chance to participate in folk games, nem con (throwing a ball through a ring for good luck), crossbow shooting, tug of war and cultural exchanges. Addressing the event, Tran Quang Chien, vice chairman of Than Uyen district’s People’s Committee said that Lung Tung festival is an opportunity to strengthen community bonds, preserving the fine traditional cultural values of ethnic groups and popularising the image of Than Uyen district to tourists./.
Source:Viet Nam News
January 30, 2023 08:41 UTC
VIETNAM NEWS HEADLINES JANUARY 28
Next to the PMH is the Poetry Shop, where poets and poetry lovers will interact with the public, read poetry and talk about Vietnamese poetry. Vietnam Register urges car owners to visit any auto testing center on their way back to work from their hometowns to avoid long waits. As the demand for auto testing remains high, Vietnam Register decided to reopen auto testing centers throughout the country right after Tet, the traditional national holiday. He highly appreciated the efforts of the Permanent Representative of Vietnam to Geneva in participating in UN mechanisms and forums. On January 27, 1973, the Foreign Ministers of the four parties, including the US, the Democratic Republic of Vietnam, the Provisional Revolutionary Government of the Republic of South Vietnam and the Republic of Vietnam, officially signed the Paris Agreement.
Source:Viet Nam News
January 28, 2023 16:21 UTC
Vietnam among world’s 10 biggest recipients of remittances
Remittance flows into Vietnam approximated 19 billion USD in 2022. (Photo: VNA)– Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Vietnam remained relatively stable compared to previous years, the report noted.Total remittances to Vietnam increased by nearly 5% in 2022 and may go up 3.6 - 4.5% in the following years after growing 5% in 2021, according to statistics of WB and KNOMAD Last year, the value rose about 1 billion USD to approximate 19 billion USD, making the country one of the three biggest recipients in the Asia-Pacific and among the top 10 globally in terms of remittances.Some banks perceived that the growing remittance inflows will help them not only gain more profits from services but also boost foreign exchange reserves, serving Vietnam’s foreign currency attraction policy.Among remittance sources, the US houses the largest number of Vietnamese immigrants, followed by the UK, Australia, and Canada. Meanwhile, Japan, the Republic of Korea, and Taiwan (China) post the most number of workers from Vietnam./.
Source:Viet Nam News
January 28, 2023 09:35 UTC
VIETNAM NEWS HEADLINES JANUARY 27
On January 27, 1973, the Foreign Ministers of the four parties, including the US, the Democratic Republic of Vietnam, the Provisional Revolutionary Government of the Republic of South Vietnam and the Republic of Vietnam, officially signed the Paris Agreement. There are five colours – red, blue, white, yellow and black – needed in making a traditional Red Dao costume, but red should be the most prominent. All the patterns on a Red Dao traditional costume are entirely hand-sewn by Red Dao women which takes a tremendous amount of time. There are differences in the way Red Dao people in each region wear tunics, headscarves, belts and other accessories. In some places, Red Dao people wear a string of nine or 11 large red cotton balls around their neck.
Source:Viet Nam News
January 27, 2023 22:21 UTC
Hanoi welcomes 332,000 visitors during Lunar New Year holiday
Hanoi (VNA) – The capital city of Hanoi served 332,000 tourists, including 32,000 foreigners, during the Lunar New Year (Tet) holiday from January 21 – 26, according to the municipal Department of Tourism. Total revenue from tourism activities topped 1 trillion VND (42.6 million USD), the department said. Notably, Van Mieu (the Temple of Literature) - Quoc Tu Giam (the first university in Vietnam) and the Huong pagoda received about 80,000 visitors each. Meanwhile, the Thang Long Imperial Citadel, the Special National Relic of Co Loa, Duong Lam ancient village – the Son Tay ancient citadel received 19,700; 18,000 and 15,000 visitors, respectively. During the holiday, a series of art performances and cultural programmes were held at relic sites and tourist attractions, while many new tourism products introduced to attract visitors.
Source:Viet Nam News
January 27, 2023 08:38 UTC
Destinations across Vietnam report surges in holiday-maker numbers during Tet
Visitors experience paragliding in Binh Thuan (Photo: VNA)VNA– Tourist attractions across Vietnam have lured large numbers of holiday-markers during the week-long Lunar New Year (Tet) festival from January 20-26.Sa Pa, a famous destination in the northern mountainous province of Lao Cai, welcomed around 88,000 domestic and foreign travellers during Tet – the largest festival in a year of Vietnamese people. This figure represented a year-on-year rise of 20%.Notably, the occupancy rate reached up to 95% on January 24-26 (or the third to fifth day of the first lunar month).Meanwhile, about 140,000 tourists visited the south central province of Binh Thuan, which is famous for its beautiful beaches, from January 20-25, up 64.7% year-on-year. Revenue from tourism services is estimated at 310 billion VND (13.2 million USD). Binh Thuan , the host of the Visit Vietnam Year 2023, targets 6.5 million visitors, including 200,000 foreigners, and 15.9 trillion VND in revenue from tourist activities this year.The southernmost province of Ca Mau welcomed nearly 164,500 tourists, and pocketed 120.5 billion VND from tourism services during the holiday.The figures represented year-on-year increases of 61% and 145%, respectively, according to the provincial Department of Culture, Sports and Tourism./.
Source:Viet Nam News
January 26, 2023 17:25 UTC
Vietnam successfully connecting tangible with intangible heritage: UNESCO
UNESCO Representative in Vietnam Christian Manhart (Photo courtesy of UNESCOTwo designs of Ao Dai on display at the Ao Dai festival at the Yen Tu relic site in Quang Ninh in April 2022. (Photo: uongbi.gov.vn)Visitors crowded the ancient city of Hoi An, a UNESCO World Heritage Site and a famous tourist destination in the central province of Quang Nam. (Photo: VNA)Bau Truc pottery products in the making by Cham ethnic people in Binh Thuan province (Photo: VNA)Christian Manhart, UNESCO Representative to Vietnam, at the Phong Nha-Ke Bang National Park, an UNESCO-recognised global heritage site in central Vietnam. (Photo courtesy of UNESCO)VNA– Christian Manhart, UNESCO Representative to Vietnam, has hailed the nation’s success in connecting its tangible with intangible heritage and affirmed UNESCO’s further close collaboration serving Vietnam’s sustainable development.In an interview granted to the Vietnam News Agency on the occasion of the Lunar New Year (Tet) festival, Manhart presented his view on the Southeast Asian nation’s competitiveness for tourism, which he said lies in its rich and exceptional culture and nature.“At present, Vietnam owns 8 World Heritage sites and 14 Intangible Cultural Heritage Elements, which show the huge potentials,” he added.The UNESCO Representative went on: “Vietnam is very successful in connecting tangible with its intangible heritage. I was so lucky to participate in the festival and got to wear a traditional Vietnamese Ao Dai with the World Heritage logo printed on it.
Source:Viet Nam News
January 25, 2023 08:59 UTC
VIETNAM NEWS HEADLINES JANUARY 24
Israel - Vietnam Friendship Association comes into beingThe Israel - Vietnam Friendship Association has been established with a view to increasing people diplomacy between the two countries. That Viet Nam becomes the member of the UN Human Rights Council is a great achievement. It actually shows that Viet Nam is now really recognized at the international level. So international communities are looking at Viet Nam to see what they are doing in terms of human rights. Da Nang to host Miss Vietnam Business 2023The Miss Vietnam Business 2023 pageant is scheduled to take place from March 15 to March 22 in Da Nang City.
Source:Viet Nam News
January 24, 2023 23:43 UTC
Thailand launches new guidelines to promote tourism
The Tourism Authority of Thailand (TAT) has come up with guidelines to launch events and festivals to attract tourists in line with the government’s “5Fs soft power”. (Photo: thaipbsworld)Bangkok (VNA) - The Tourism Authority of Thailand (TAT) has come up with guidelines to launch events and festivals to attract tourists in line with the government’s “5Fs soft power”. The government launched the 5Fs in 2022 with a focus on five key attractions – Food, Film, Fashion, Fighting and Festivals – to promote Thailand internationally. Meanwhile, festivals will also be held throughout the year to promote local traditions, wisdom and culture, such as Lunar New Year and Songkran. These activities will help tourists experience the beauty of Thailand’s attractions and culture, the spokesmen added./.
Source:Viet Nam News
January 24, 2023 21:08 UTC
VIETNAM NEWS HEADLINES JANUARY 23
A strong cold air wave is moving toward northern Vietnam to cause temperatures in the northern region to fall sharply, starting on January 23 evening. Explaining his decision to stay longer in Vietnam, Park.who has been in Vietnam for five consecutive years, stated infrastructure for young football in Vietnam is not good and ‘I want to stay here to help’. On the occasion of Lunar New Year 2023, the Vietnam National Administration of Tourism (VNAT) released its first video clip of the year in the media programme “Discover Vietnam”. The arrests came after the police searched this auto testing center in the province’s Bien Hoa City for several days. The HCMC police searched 13 auto testing centers and pressed bribery charges against 89 individuals.
Source:Viet Nam News
January 24, 2023 02:05 UTC
Vietnam’s growth story makes waves worldwide: Indian diplomat
Indian Ambassador to Vietnam Sandeep Arya (Photo: The Indian Embassy in VietnamVietnamese products showcased at the 41st India International Trade Fair (IITF) in New Delhi on November 2022. (Photo: VNA)Vietnamese Minister of National Defence, General Phan Van Giang and his Indian counterpart Rajnath Singh (R) review the honour guard of the Vietnam People's Army at the welcome ceremony for the Indian officer in Hanoi on June 8, 2022 (Photo: VNA)Participants at the Namaste Vietnam Festival 2022 in central Khanh Hoa province (Photo: VNA)VNAHigh economic growth rate and fast-moving digital transformation in Vietnam and India have generated huge opportunities for the two countries to take greater strides in economic cooperation, Indian Ambassador to Vietnam Sandeep Arya has said.In an interview granted to the Vietnam News Agency on the occasion of the Lunar New Year (Tet), the diplomat stressed that Vietnam is looked at as one of the fastest growing economies globally, and the country’s economic achievements are extremely impressive. He predicted that Vietnam's economy could grow by 6.8% or something of that kind for 2023.The General Statistics Office (GSO) of Vietnam recently reported that the country's GDP expanded by 8.02% in 2022, the fastest pace annually since 1997. He pledged to do his best to make them as part of “successful growth story” between the two countries.As a new-comer, Arya said he is quite excited about what he experiences and witnesses by himself in Vietnam in the Lunar New Year (Tet) festival. He took the occasion to extend New Year greetings to the leaders and people of Vietnam, wishing Vietnam a lot of success and prosperity in the year ahead./.
Source:Viet Nam News
January 23, 2023 23:02 UTC
Thailand expects tourism revenue of 640 million USD during Lunar New Year holidays
Thailand expects to attract 588,900 foreign arrivals during the coming Lunar New Year celebration which starts this week. (Photo: Xinhua/VNA)Bangkok (VNA) – Thailand expects tourism spending during the Lunar New Year holidays will reach 21.3 billion baht (640 million USD), equal to 48% of that in 2019. Of the total, about 322,500 foreign visitors to the country will be from Northeast Asia and Southeast Asia, bringing it a revenue of 11 billion baht. Regarding the domestic tourism market, Yuthasak estimated that revenue could reach 81% compared to 2019, equivalent to 4.6 billion baht, a year-on-year increase of 139%. During the festive season, Thailand’s tourism industry expects to serve 1.38 million domestic tourists, accounting for 90% of the figure in 2019./.
Source:Viet Nam News
January 19, 2023 20:10 UTC