According to the International Monetary Fund (IMF), Vietnam's GDP based on purchasing power parity (PPP) stood in 25 th position globally in 2022, ranking just below countries such as Australia, and Poland. Specifically, Australia's reached approximately $1.63 trillion, securing 20 th position worldwide, while Poland's stood at around $1.64 trillion, placing it 19 th . The IMF also estimates that by 2023, Vietnam is expected to secure fourth position in Southeast Asia with a forecast GDP PPP of approximately $1.45 trillion. Looking further ahead, by 2026, Vietnam is estimated to have surpassed Thailand, propelling it to the second spot in the region with a figure of around $1.87 trillion. By 2028, Vietnam's economy is anticipated to have reached approximately $2.21 trillion, placing it among the top 20 economies globally. The top 20 economies in 2028, according to the IMF, are predicted to include China, the United States, India, Japan, Germany, Indonesia, Russia, … [Read more...] about Vietnam projected to become 20th largest global economy
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Russian film companies to join Telefilm Vietnam 2023
They will present more than 80 projects for international content buyers, movies, series, and animations at the Russian Content Worldwide booth, organized by Roskino, a national operator for the promotion of films. Among those is “The Challenge” - the first feature film shot in space. Ekaterina Naumova, Roskino Acting General Director said that last year, the Russian film industry had a comprehensive presence at Telefilm Vietnam for the first time in an online format. Customers showed great interest in Russian animation projects, documentaries, action films and comedies, and bought format rights of Russian serials, he noted. This year, in order to more effectively capitalize on film market opportunities and build partnerships with local TV channels, VOD platforms and distributors, Roskino will organize a large-scale offline presence of Russian content producers. This format will allow them to meet potential partners and increase interaction with foreign peers, she said, adding that … [Read more...] about Russian film companies to join Telefilm Vietnam 2023
Various activities held for Agent Orange/Dioxin victims and national contributors
The program was jointly organized by the Central Committee of the Vietnam Association of Victims of AO/Dioxin, the Green Leaf Charity Fund of Dong Cao Pagoda (Thai Binh province), Thai Nam Property Management and Development Joint Stock Company, and the Associations of AO/Dioxin victims in Hai Duong and Thai Binh provinces. In Hai Duong, the organizing panel presented 100 gift packages, worth VND 700,000 each, to AO victims in the districts of Binh Giang, Thanh Mien, and Gia Loc while in Thai Binh province, the organizers gave 100 gifts to AO victims in Thai Thuy and Kien Xuong districts. At the event, local authorities and benefactors expressed their hope that in the coming time, there would be more enterprises and individuals accompanying the program to support AO victims and needy people to stabilize their lives. * On the same day, the Lam Dong provincial Military Command held a ceremony to start the construction of a gratitude house for the family of a national contributor in … [Read more...] about Various activities held for Agent Orange/Dioxin victims and national contributors
Love changes oversize model’s life
But that was 10 years ago, before she met Hoang Son in 2018. He helped her realize that "being oversized is a unique advantage," she said. "I had probably been hurt too much, and Son came to compensate," the 30-year-old woman said of her now-boyfriend. Quynh and Son at a cafe in Ho Chi Minh City in 2022. Photo courtesy of Quynh Before meeting Son, Quynh believed that she had an "overweight" body. Her height was 1.6 meters, while her weight was 58 kilograms, about 10 kilograms more than the average weight of her peers. She was turned down for jobs many times because companies said she had an "underqualified appearance." But what hurt Quynh most was when her boyfriend of eight years told her to lose weight. "Everyone around me made me feel like I’m ugly. I tried to lose weight like my ex wanted me too, and I didn’t dare wear things he didn’t find eye-catching," she recalled. She also skipped meals and over-exercised. "Still, after all the effort I put in, … [Read more...] about Love changes oversize model’s life
ASEAN, RoK boost business ties in food, beverage
Ambassadors from ASEAN member states take a tour around the ASEAN Trade Fair as part of Seoul Food 2023, one of the largest food exhibitions in Asia, at KINTEX in Goyang, Gyeonggi Province, on May 30.(Photo courtesy of ASEAN-Korea Centre) Seoul – The ASEAN-Korea Centre (AKC) on May 30 opened an ASEAN Trade Fair in the framework of the Seoul Food 2023 (SF2003) to showcase food and beverage products from ASEAN countries and create opportunities for ASEAN companies to connect and establish business partnerships with partners from the Republic of Korea (RoK). In his remarks at the opening ceremony, AKC Secretary General Kim Hae-yong said that since 2009, the centre has organised many trade fairs and seminars to assist ASEAN's small and medium enterprises (SMEs) in finding their way into the Korean market, contributing to promoting vibrant trade activities between the two regions. A seminar on capacity building and enhancing value of ASEAN-Korea food was also held within the … [Read more...] about ASEAN, RoK boost business ties in food, beverage
Apple retailers set for price competition shake-up
Apple on May 17 announced the expansion of the Apple Store online into Vietnam. Customers throughout the country can now shop direct with Apple and receive a service delivered by dedicated team members ready to share their expertise in Vietnamese. Meanwhile, in mid-May, eDiGi, Vietnam’s foremost premium Apple retailer, announced the closure of its store after five years. The store entered the market when official Apple products were struggling to compete against smuggled counterparts. Backed by one of Vietnam’s top retail companies, IPP Group, eDiGi aimed to carve a niche for itself in Ho Chi Minh City’s District 1, Ho Chi Minh City. The accolades poured in as eDiGi secured the coveted Apple Premium Reseller and Apple Service Provider certifications, becoming the country’s pioneering haven for Apple aficionados seeking unrivalled services. However, eDiGi found itself grappling with a market where affordable prices outweighed immersive shopping experiences, and it struggled to … [Read more...] about Apple retailers set for price competition shake-up
Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US in 2022. (Photo: VNA) Hanoi (VNA) – The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius , President and CEO of the US - ASEAN Business Council ( USABC ). In an interview granted to the Vietnam News Agency ahead of the 10th anniversary of the two countries’ comprehensive partnership (July 2013 - 2023), the former US Ambassador to Vietnam said trade and investment play a big role in this relationship. The US is Vietnam’s second largest trading partner and biggest export destination. In 2022, bilateral trade reached a record high of 138.9 billion USD. Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US. The US was the biggest export market of Vietnam last year. Vietnam’s annual export to … [Read more...] about Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Saigon Hi-Tech Park partners with US firm to improve IC design capability
At the signing ceremony (Photo: VNA) HCM City, (VNA) – The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City and Cadence Design Systems , a multinational computational software company of the US, on May 30 signed a memorandum of understanding on cooperation in developing electronic design manpower and promoting the semiconductor industry in Vietnam. Under this partnership, Cadence, a world leading company in electronic design, can provide integrated circuit (IC) design software tools and related training programmes for universities in HCM City via its academic network. Nguyen Anh Thi, head of the SHTP management board, said the cooperation with Cadence will give local students a chance to access the latest technologies and methodologies in IC and system design, and acquire practical experience that will help them succeed in the high-tech industry. It will also help strengthen the capability of the SHTP Chip Design Centre, thus contributing to the local semiconductor … [Read more...] about Saigon Hi-Tech Park partners with US firm to improve IC design capability
Vietnam’s T&T Group, RoK’s DB Group seal cooperation deal
At the signing ceremony. — Photo hanoimoi.com.vn The Republic of Korea's conglomerate DB Group on Tuesday announced it has signed a memorandum of understanding (MOU) on business cooperation with Viet Nam's T&T Group. The two have agreed to share their infrastructure and know-how in Viet Nam, and to enhance mutual synergy through various collaborations. T&T Group, established in 1993, is a leading Vietnamese company engaged in various businesses, including financial services, energy, trade and real estate. It has over 200 subsidiaries and employs around 80,000 people. DB Group's Viet Nam business is led by DB Insurance. Its property and casualty insurance unit was established in 1984. DB Insurance made a leap forward in Viet Nam's market by acquiring PTI Insurance in 2015, becoming the third-largest insurance company in terms of market share in the Southeast Asian country. — VNS … [Read more...] about Vietnam’s T&T Group, RoK’s DB Group seal cooperation deal
Hanoi to become processed goods export hub
Building high-tech agricultural models, integrating production chains, connecting regions, and establishing processing facilities for export are all necessary for agricultural production in Hanoi. Hanoi is poised to become a center for processed goods for export, said Hoang Thi Hoa, director of the Hanoi Agriculture Development Center under the Hanoi Department of Agriculture and Rural Development, in an interview with Hanoimoi newspaper. Clean farm production at Japan & Vietnam Vegetable Fruit Company. Photo: Phuong Nga/ The Hanoi Times How do you assess the current prospects of Hanoi's agricultural exports? Based on its relatively large arable land , Hanoi is building a modern agriculture sector by applying advanced digital technology to create quality products that meet consumer and export needs. Over the years, Hanoi has promoted importing several items, including fruits, wood and wood products, and some processed goods. Specifically, … [Read more...] about Hanoi to become processed goods export hub