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The province’s location in the southeastern region, bordering many southern economic hubs such as Ho Chi Minh City, Dong Nai and Binh Thuan provinces, is also an advantage for Ba Ria - Vung Tau to attract both domestic and international visitors. * Developing diverse tourism products In the 11-month period from January to November this year, Ba Ria – Vung Tau welcomed around 12 million visitors, equal to nearly 350% of the yearly plan and up 248% from the same period last year, according to the provincial Tourism Department. The outstanding result is attributable to the province’s efforts to upgrade and diversify its tourism products and services. Over the recent past, Ba Ria – Vung Tau has invested in many high-class leisure tourism properties, which has helped the province attracted both domestic and international tourists. Some examples are Morito Beach Ho Tram, Ixora Ho Tram by Fusion, Hyatt Regency Ho Tram Resort & Spa, Binh Chau Hot Spring Resort, and Coastar Estates … [Read more...] about Ba Ria – Vung Tau – attractive leisure tourism destination

Prime Minister Pham Minh Chinh (Photo: VNA) Highlighting the connections in history and culture between the two countries, PM Chinh affirmed that Vietnam attaches great importance to the relations with France, an important member of the European Union (EU). He took this occasion to thank the French Government and people for providing 5.5 million doses of Covid-19 vaccines to Vietnam, helping the country overcome the pandemic. PM Borne congratulated Vietnam on the achievements in post-pandemic economic recovery and development, suggesting that the two sides work closely together to make the bilateral strategic partnership deeper, more substantial and effective through the exchange of delegations at all levels, the optimization of existing cooperation mechanisms and the implementation of activities to mark important milestones of their ties in 2023. The two PMs agreed that economic cooperation is an important pillar in the Vietnam-France strategic partnership. They reviewed the … [Read more...] about PM holds telephone talks with French counterpart

Highlighting efforts by the Vietnamese Trade Office to connect export and import demand, he told the Vietnam News Agency that the two countries’ export structures do not directly compete but are complementary to each other. Vietnam has great demand for commodities with high technological content and added value from Japan, which in turn has high demand for agro-forestry-fishery products, processed food, textile-garments, and leather-footwear from Vietnam. That both countries are members of many free trade agreements (FTAs) such as the Vietnam - Japan Economic Partnership Agreement, the ASEAN - Japan Comprehensive Economic Partnership, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP), which include many strong tariff cut commitments, has created many opportunities for boosting trade cooperation. Within the CPTPP and RCEP frameworks, Japan is a promising export market for Vietnam thanks to … [Read more...] about Japan – a “laissez-passer” for Vietnamese goods to global markets: official

Increased FDI disbursement Data from the Ministry of Planning and Investment (MPI) show that from the beginning of 2022 to October 20, Vietnam attracted more than US$22.46 billion of foreign investment through new projects, capital increases of ongoing projects and stock purchases and capital contributions by foreign investors. Vietnam is a bright point among countries attracting foreign investment FDI disbursement in the first 10 months increased 15.2 percent year-on-year, reaching US$17.45 billion - the highest in the past five years. The disbursed amount is forecast to reach US$21-22 billion by year’s end, up 6.4-11.5 percent compared with 2021. The results of a quick survey by the MPI and the Vietnam Business Forum (VBF) show that the business efficiency and financial situation of more than 90 percent of FDI companies in Vietnam range from medium to high levels. Most of them expressed optimism and trust in Vietnam and willingness to expand investment and promote … [Read more...] about Foreign investment continues to spike

Hanoi, with its strength as a major cultural center where the quintessence of the whole country converges, has become a pioneer in perceiving and disseminating new intellectual and technologies in recent years. Hanoi's 2022 creative city plan focuses on design and technology. The technology combines traditional cultural values to create multi-colored cultural spaces containing modern and typical features of Hanoi. Through such spaces, the public will see culture from a more multidimensional perspective, arousing many ideas that can capitalize "soft power" into economic resources, contributing to developing the capital's cultural industry. "Taking wings" for creative city Creative experience space at Dinh Tien Hoang Street with many exciting activities. The Creative Design Festival 2022 closed after two weeks, highlighting not only its organizing scale and large participation of experts but also an impression among the audience on spaces and programs … [Read more...] about Building a creative city with thousand-year cultural identity

Particularly, the amount of imported petrol almost reached 178,000 tonnes at an expense of more than $157 million (an increase by 3 times and 3.3 times respectively as opposed to last month). In total, from the beginning of this year until the first half of this November, Vietnam spent around $7.8 billion to purchase over 7.5 million tonnes of fuel from other nations (a rise of 122 percent and 24 percent correspondingly compared to 2021). Fuel wholesalers commented that this imported volume is sufficient to satisfy the domestic demands until the upcoming Tet holiday. By Phuc Van – Translated by Yen Nhi … [Read more...] about Vietnam seeing surge in fuel import

The GEFE, which will run until November 30, aims to support Vietnam in achieving its COP26 commitments and its National Green Growth Strategy's socio-economic development goals. Addressing the plenary session themed “Green Energy and Financing”, Prime Minister Pham Minh Chinh said that climate change and green development are key objectives for Vietnam – one of the five countries hardest hit by climate change, with the aim of bringing prosperity, well-being and happiness to the people. The PM called for global unity in combating climate change and promoting green development. In addition, all policies must be people-oriented, and people must participate in policy making and enforcement, he stressed. The Government leader told participants that Vietnam is promoting the ratification of an Investment Protection Agreement with the European Union to create favorable conditions for businesses of both sides to expand investment, and speeding up the establishment of the Just Energy … [Read more...] about Prime Minister attends Green Economy Forum & Exhibition

Under the chair of N.A. Chairman Vuong Dinh Hue, the committee is scheduled to give opinions on the outcomes of the 4th session of the 15th National Assembly which concluded on November 15 and preparations for the legislature's 2nd extraordinary session and the 5th regular session in May next year. Regarding the N.A.’s 2nd extraordinary session, N.A. Chairman Vuong Dinh Hue said the Prime Minister has submitted to the N.A. Standing Committee seven urgent issues that need to be handled early, including the national master planning in 2021 – 2030, with a vision to 2050; a draft revised Law on Medical Examination and Treatment; and a number of financial and budgetary issues, including solutions to handle problems and inadequacies at some toll stations and transport infrastructure projects under the BOT investment form. The N.A. Standing Committee will look into issues to be put on the agenda of the second extraordinary session. The committee will also consider and give opinions on a … [Read more...] about N.A. Standing Committee convenes 17th session

On display at the exhibition were photos and artifacts featuring two parts. The first part introduced famous historical figures and monks who made great contribution to the construction of the Vietnam Buddhist Sangha and its outstanding achievements over the past time. The second highlighted documents, artifacts and symbols of Buddhist culture via various forms to popularize the spirit of Buddhism to Buddhist monks and nuns, followers and the public. Earlier on the same day, Buddhist dignitaries and delegates participating in the congress laid flowers and offered incense in tribute to President Ho Chi Minh at his Mausoleum. Translated by Quynh Oanh … [Read more...] about Exhibition highlights quintessence of Vietnamese Buddhism

The U.S. company said in a report: "Countries that are moderate risk are considered resilient. These countries are capable of quickly and effectively managing most crises and threats to personal security. But criminal activity, terrorism and natural disasters can impact travel or in-country operations." Vietnam has a reputation for its stable political situation and absence of terrorist threats. The report ranks 163 countries in terms of "peacefulness," analyzing data on their political stability, neighboring country relations, nuclear weapons, internal and external conflicts, military expenditure, incarceration rates, and "perceptions of criminality" among other factors. In Southeast Asia, the Philippines, Thailand, Cambodia, Laos, and Indonesia were classified as "medium risk" due to their vulnerability to criminality, sporadic unrest and being ill-equipped to manage crises. Only Singapore is rated as "low risk," making it the safest destination to travel in Southeast Asia. … [Read more...] about Vietnam among safest travel destinations in Southeast Asia: US security company