Hanoi seeks to attract foreign tourists in wake of Blackpink fever
Destination for global music starsThe latest event is the South Korean group Blackpink concerts at My Dinh National Stadium, Hanoi, on July 29 and 30. The number of tourists flocking to Hanoi is also expected to soar to join the concerts. The need for a specific music tourism strategyAccording to travel experts, music tourism is a trend among young people. The global music tourism market is estimated to reach US$1.3 billion by 2033, providing opportunities for host countries to earn huge profits through catering and accommodation services. At the same time, a positive image has been created, identifying Hanoi as a culturally vibrant destination for music tourists.
Source:VietNamNet News
July 20, 2023 23:16 UTC
Export of rice, fruits, vegetables spike in H1
Director of the MARD’s Agro-Forestry-Fisheries Quality Assurance Department Nguyễn Như Tiệp predicted export growth of fruit and vegetables to be maintained in the second half, assuming firms pay attention to quality, design, packaging and origin tracing to meet market demand. It will also consider working with the Việt Nam Trade Office in China’s Nanning to step up the consumption of farm produce at the expo. An online forum is slated for July 21 to connect production, processing and export of Vietnamese shrimp to the US. Trade promotion activities for fruit products will be also held on the sidelines of events marking the 50th anniversary of Việt Nam-Japan diplomatic ties and the ASEAN-Japan Summit in Tokyo in this December. Every quarter, MARD units update market regulations and consumer preferences through commercial attachés and the Việt Nam business associations in various markets.
Source:Viet Nam News
July 20, 2023 21:37 UTC
Vietnam’s inflation forecast to slow to 4% in 2023: ADB
Inflation is expected to continue falling, approaching pre-pandemic levels as fuel and food prices decline, according to the ADB’s Asian Development Outlook released on July 19. Meanwhile, the Asia Pacific region is expected to maintain growth of 4.8% this year, driven by domestic demand. Inflation in developing Asia is forecast at 3.6% this year, compared with an April forecast of 4.2%. The Asian Development Bank has also revised its GDP growth forecast for Vietnam down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively. Weak external demand continued to put pressure on manufacturing and industrial production, while domestic conditions are expected to improve moving forward, according to the Outlook./.
Source:Viet Nam News
July 20, 2023 14:51 UTC
Vietnam’s tourism recovering quickly
According to data from Google’s tourism trend monitoring tool, search volumes for travel to Vietnam has been continually on the rise, ranking among the top in the world and jumping from 11th position to 6th now. Vietnam welcomed more than 5.5 million international visitors in the first half of the year, an increase of more than 13-fold over the same period of 2022, and over 64 million domestic tourists, up 5.3%. Total revenue from tourism stood at more than 14.5 billion USD, up 29.4%. This shows that tourism demand in Vietnam is recovering quickly and at a much higher rate than in its regional competitors. The recent decision to extend tourist e-visas from 30 to 90 days, which will officially take effect from August 15, is expected to present a golden opportunity for the sector to continue to make further strides forward./.
Source:Viet Nam News
July 20, 2023 14:51 UTC
Bankers propose resolution to support firms, people
HÀ NỘI — The Việt Nam Banks Association (VNBA) has suggested the Government submit a request to the National Assembly for a resolution to support firms and people to overcome difficulties and promote business development like they did during the COVID-19 pandemic. Although the Government and the Prime Minister have proposed solutions to remove difficulties for firms and people, the capital absorption capacity of the economy is still low. The Government should also review and evaluate the effectiveness of the Small- and Medium-sized Enterprise Support Fund under the Ministry of Planning and Investment and supplement its capital in order to support firms that have not yet met the conditions for loans at credit institutions. Hùng also suggested that the Government should reduce VAT for commercial banks to ease them in sharply reducing lending interest rates to support firms. The General Department of Civil Judgment Execution should review outstanding judgments related to the handling of collateral for bad debt recovery.
Source:Viet Nam News
July 20, 2023 12:01 UTC
Shares end two-day rise as large-caps falter
HÀ NỘI — The Vietnamese stock market settled lower on Wednesday, ending its two-day gaining streak due to the slump of heavy-weight stocks. Liquidity declined compared to the previous session, with more than 897 million shares traded on HoSE, worth nearly VNĐ17.7 trillion (US$748.6 million). Securities stocks decreased towards the end of the session. The VN-Index's loss was significantly broadened as securities stocks declined strongly, such as VNDirect Securities Corporation (VND), Saigon-Hanoi Securities JSC (SHS), Việt Capital Incorporation (VCI), Agribank Securities Corporation (AGR) and APG Securities Joint Stock Company (APG). During the session, VNĐ1.6 trillion worth of shares, equivalent to a trading volume of nearly 91.3 million shares, was traded on the northern market.
Source:Viet Nam News
July 20, 2023 08:59 UTC
VIETNAM NEWS HEADLINES JULY 20/2023
Also on July 19, the VFF Central Committee delegation had a working session with head of the Beijing CPPCC Committee Wei Xiaodong and visited the CPC Museum. The Vietnam Fatherland Front (VFF) Central Committee held a get-together in Hanoi on July 19 for overseas Vietnamese youths attending the 2023 Summer Camp. In their first participation, 32 Vietnamese students all won awards in the final round which took place in Fukuoka, Japan. Perfect scores triple in 2023 National High School ExaminationThe Ministry of Education and Training (MoET) on Tuesday morning announced the results of the nine subjects in the 2023 National High School Examination, with an explosion of perfect scores in citizenship education. Vĩnh Phúc Province has the highest average score in the 2023 National High School Examination while Hà Giang recorded the lowest average score.
Source:Viet Nam News
July 20, 2023 04:24 UTC
Vietnam has more senior AFC futsal referees
(Photo: VFF)Hanoi (VNA) - The Vietnam Football Federation (VFF) has announced that Huynh Nguyen Thanh officially became Asian Football Confederation (AFC) senior futsal referee. This is the second AFC senior futsal referee of Vietnam, after Truong Quoc Dung from Ho Chi Minh City. Thus, the country currently has 50 futsal referees, including three FIFA-level and two AFC senior referees. To become a qualified AFC senior futsal referee, Thanh has undergone several assessments by officials from the organisation. He has participated in managing many international tournaments, including the Southeast Asian Club Championships 2018 and 2019, the qualifying round of the Asian – Southeast Asian futsal championship 2022 in Thailand, and the 2023 Southeast Asian Club Futsal Championship./.
Source:Viet Nam News
July 20, 2023 04:02 UTC
Exports of cement and clinker fall
HÀ NỘI — Exports of cement and clinker products reached 14 million tonnes in the first six months of this year, a year-on-year decline of 15 per cent. Lương Đức Long, Vice Chairman and General Secretary of the Việt Nam National Cement Association said that cement production and consumption decreased last year compared to 2021. However, the country's cement export market was also not positive in the first six months of the year. Việt Nam's second-largest cement export market is the Philippines, but recently this country has officially announced the imposition of a temporary anti-dumping tax on cement products from Việt Nam, causing difficulties for cement exports to the market. The increase in export tax and the price of export clinker not rising has made the difficulties even worse.
Source:Viet Nam News
July 20, 2023 01:41 UTC
☕ Afternoon briefing on July 19
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. At the talks between Minister of Public Security General To Lam and Italian Interior Minister Matteo Piantedosi. VinFast will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28. The overall objective of the planning project is to develop an infrastructure system for the reserves, including strategic reserves, production reserves, commercial reserves, transport, and distribution. However, this is also a great opportunity for Vietnam to expand export markets if it is well prepared and satisfy the new rules.
Source:Viet Nam News
July 19, 2023 21:47 UTC
Trading platform for privately placed bonds goes live
HÀ NỘI — The trading platform for privately placed corporate bonds (PPBs) will make medium- and long-term finance more accessible to businesses and lessen their reliance on bank credits. That was the message from Minister of Finance Hồ Đức Phớc speaking at the inauguration ceremony of the PPB trading platform on Wednesday. Economist Đinh Thế Hiển said the launch of the trading platform would be a life-saver to bond issuers because they could leverage the platform to service their bonds that were coming due. A representative from VNDirect said real estate would be the sector with the largest volume of bonds coming due in Q3, accounting for 43.6 per cent of the total volume of bonds coming due in the country. Meanwhile, around VNĐ159 trillion ($6.7 billion) of bonds, including publicly-offered bonds, would reach maturity in the second half of the year.
Source:Viet Nam News
July 19, 2023 20:01 UTC
VIETNAM NEWS HEADLINES JULY 19/2023
She also commended Vietnam for its active engagement in future health care programmes and projects, as well as its climate commitments. The two sides vowed to focus on preparing well for the upcoming high-level visits, especially Prime Minister Lee Hsien Loong’s official visit to Vietnam. The event was attended by representatives of localities in the southern region, leaders of Korean corporations operating in Vietnam, and leaders of the Vietnam National University Hanoi (VNU-Hanoi) and the Vietnam National University Ho Chi Minh City (VNU-HCM City). A representative of the Korean Chamber of Commerce in Vietnam (KOCHAM) said that businesses are always looking for high-quality human resources of Vietnam to serve production and development requirements. In 2023, Vietnam continues to offer Laos 1,100 scholarships to help Lao students pursue their study in Vietnam, while Laos offers Vietnam 60 scholarships.
Source:Viet Nam News
July 19, 2023 16:03 UTC
Vietnamese designs shine at Miss Supranational Caribbean 2023 pageant
HÀ NỘI Vietnamese fashion designer Nguyễn Minh Tuấn has impressed international fashionistas by contributing to the victory of Miss Curaçao, Andreina Pereira, at the Miss Supranational Caribbean 2023 pageant. Pereira made history for the island nation at the Miss Supranational pageant by becoming the first-ever winner of the Miss Supranational Caribbean 2023 title. Prior to winning the Miss Supranational Caribbean 2023 title, Pereira was also named the second runner-up in the Miss Universe Curaçao 2022 pageant. In February, Pereira was crowned Miss Supranational Curaçao 2023, paving the way for her to compete in the Miss Supranational Caribbean pageant. The organisers of the Miss Supranational Curaçao pageant praised the high-end craftsmanship and attention to detail in Tuấn’s designs.
Source:Viet Nam News
July 19, 2023 13:09 UTC
Vietsovpetro proposes developing new oil blocks
HÀ NỘI — The Việt Nam-Russia oil and gas joint venture Vietsovpetro has recently sent a proposal to the Việt Nam Oil and Gas Group (Petrovietnam) regarding the expansion of its operating area. Specifically, Vietsovpetro proposed Petrovietnam accelerate development plans for Blocks 09-2/09, 16-1/15, and 09-2/10, and ask the relevant authorities to approve Vietsovpetro's involvement in potential projects such as Blocks 17 and 05-2/10, while adopting Vietsovpetro's investment plans for new blocks. Vietsovpetro General Director Vũ Mai Khanh said Vietsovpetro was encountering challenges in mobilising floating systems and drilling rigs due to the scarcity and high rental costs, which were hindering its expansion plans and activities. It also aimed to expand cooperation and leverage external factors to develop and expand other services, he said. He also urged Vietsovpetro to partner with Petrovietnam Technical Services Corporation (PTSC) to develop a plan for flexible and efficient resource sharing.
Source:Viet Nam News
July 19, 2023 00:11 UTC
Vietnamese, Lao young officers promote exchanges
At the event, the two delegations focused on exchanging measures to promote youth affairs in the army of each country and solutions to further promote exchanges and cooperation in various fields. Lieutenant Colonel Tran Huu Dung, Deputy Head of the Military Youth Board, said that the two sides held many exchanges between young officers. The Military Youth Board of the General Department of Politics under the Vietnam People’s Army and the Youth Affairs Office of the General Department of Politics under the Lao People's Army hold training sessions to share experiences in professional and youth affairs every year. Lieutenant Colonel Bounmixay Khamphachan from the Youth Affairs Office of the Lao People’s Army spoke highly of the coordination activities between the two armies in general and the military youth of the two countries in particular, thereby reflecting the traditional friendship and solidarity. Training activities have helped many young officers of the Lao People's Army grow up during their working process, he added.
Source:Viet Nam News
July 18, 2023 20:59 UTC