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The year 2023 will continue to see challenges such as geopolitical conflicts, trade tensions, high inflation, and the risk of anti-dumping duties on Vietnam's export products, according to deputy Minister Do Thang Hai. At the conference to deploy tasks for the year ahead at the European-American Market Department this week, deputy minister of Industry and Trade Do Thang Hai said that the trade surplus between Vietnam and the markets in the Americas region had reached a record of more than $102 billion last year. The import-export turnover between Vietnam and the markets of the Americas in 2022 saw positive growth to reach $153.9 billion, up 10.7 per cent compared to 2021. In which, Vietnam's exports to America's partners reached $128.2 billion, up 12.4 per cent. Meanwhile, Vietnam's imports from America's partners reached $25.7 billion, up 3 per cent on-year. Trade turnover between Vietnam and many major markets in the Americas region saw stable growth such as the United … [Read more...] about Vietnam’s trade surplus with Americas exceeds $100 billion

Kenneth M Atkinson, chairman of the British Business Group in Vietnam Answering the question of why he decided to apply for Vietnamese citizenship, Atkinson said that it took him more than two years to prepare the procedures for his naturalisation registration. "I thought it was worth it and I became one of the few foreigners to have a Vietnamese ID. This is a great thing for me,” he said. Talking about why he took the initiative to apply for Vietnamese citizenship, Atkinson talked passionately about the country and the people of Vietnam. A peaceful but charming Hanoi with quaint street corners and French-style buildings, and a vibrant, generous, and sunny Ho Chi Minh City. Recalling the first time he came to Vietnam, he often stayed at the Army Hotel on Pham Ngu Lao Street, Hoan Kiem District. Every day, he usually went to the Metropole hotel to work. In those early years, he had a driver take him around Hanoi on a traditional cyclo. Anh Hai was the name he later saved on … [Read more...] about I am Vietnamese, says Atkinson

Peter Ryder - CEO, Indochina Capital For almost a year, Vietnam’s tourism industry has witnessed a recovery but is still behind other Southeast Asian neighbours. Vietnam welcomed 2.95 million foreign visitors in January-November 2022 while Thailand, Singapore, and Malaysia welcomed 10 million, 5.3 million, 6.2 million international tourists respectively during the same period. Many observers attribute the lack in foreign arrivals in 2022 to Vietnam’s restrictive tourist visa policies. More competitive and friendly tourism policies for international tourists such as 3-month multiple-entry visas, e-visa issuance, or granting visas-on-arrival at the airports will be suitable solutions to boost the tourism sector. Vietnam is one of the most open economies within Asia-Pacific, thanks to a series of economic reforms undertaken by the country’s government to create a fair and attractive business environment for foreign investors. The disbursement of foreign direct investment in … [Read more...] about Vietnam’s tourism sector has witnessed a recovery

The rejuvenation of nation’s tourism Oliver Horn - General manager InterContinental Long Beach Phu Quoc “We’ve focused across all of our services and outlets” In recent years, the domestic market has been playing an increasingly important role, giving us the incentive to sharpen our services to fit local travel expectations, while conveying our legacy of refined elegance and worldly travel. When looked at regionally, the picture is of an industry close to full recovery, and we are pleased to welcome lots of guests from Asian countries, especially South Korea, Australia, Singapore, and India – one of the fastest emerging markets throughout 2022. From early this year, the demand from the US and Europe, particularly Britain and Germany, has surged, and we are confident that it will soon return to pre-pandemic levels. Vietnam has been long renowned as the haven of diverse culinary themes, from tempting street food to traditional dishes from each province. … [Read more...] about The rejuvenation of nation’s tourism

Despite global disruptions caused by the pandemic, the countries’ bilateral trade in 2022 continued upward and showed signs of positive recovery. Regarding economic relations, Malaysia remains Vietnam’s ninth-largest trading partner, 13th-largest export market, and 9th-largest import source. Suhaili Ismail, Counsellor of Economic Affairs Malaysian Embassy to Vietnam During the official visit to Vietnam in March 2022, Malaysia’s former prime minister made courtesy calls to all the country’s most senior leaders. During the meeting with Prime Minister Pham Minh Chinh, both leaders agreed to increase exchanges of delegations at all levels, effectively promote bilateral cooperation, carry out the action plan of the 2021-2025 strategic partnership, expand people-to-people exchanges and prepare activities to celebrate 50 years of diplomatic ties in 2023. Both leaders also highlighted the importance of strengthening our bilateral trade, striving towards the target of $18 … [Read more...] about Malaysia can forge further strategies with Vietnam

In 1996, Argentina and Vietnam signed two agreements on economic and trade cooperation and the promotion and protection of mutual investments. After that, the relationship between the two countries was strengthened with a comprehensive partnership in 2010, and trade exchanges have grown steadily ever since. Luis Pablo Maria Beltramino Argentinian Ambassador to Vietnam Over the past 10 years, Argentina recorded a cumulative growth in exports to Vietnam of 600 per cent, while exports from Vietnam to Argentina increased by 700 per cent. This trend shows both countries have a sustainable relationship in trade. The products Argentina exports to Vietnam are mainly agricultural goods incorporated into Vietnam’s value chain and then exported to other countries. That is why we are de facto strategic partners in the agricultural and agro-industry. For its part, Vietnam exports completed consumer goods to Argentina such as mobile phones, electronic products and components, … [Read more...] about Growing Argentinian ties