Child focused on food

A bakery and coffee shop in HCM City. The Vietnamese food and beverage industry is expected to grow by 18 per cent this year. — Photo By Thu Ngan The food and beverage market is forecast to grow by over 18 per cent this year to VND720 trillion (US$31 billion). A recent report by iPOS.vn said that, after an impressive rebound in 2022, the F&B industry is poised to achieve “sustainable growth”. It predicted the market to top VND938 trillion ($40 billion) by 2026. It expected big players to push strongly this year to gain market share but smaller ones to exercise caution since the economic difficulties would continue in 2023. New brands like Phe La and Katinat Saigon Kafe would enter, it said. It forecast some business models to struggle in 2023, including food delivery because sellers would have to reduce their prices to be competitive. The model developed strongly when the COVID-19 pandemic hit. A representative of Golden Trust, a company in food and beverage … [Read more...] about Food and beverage industry to do well this year despite modest economy

Demand for fresh foods increases ahead of the Ram Thang Gieng (the first full moon of the lunar year) as usual, but market prices have barely changed. The upcoming celebration of Ram Thang Gieng (the full moon of the first lunar month) marks a strong increase in demand for fresh food in the market, but prices have remained stable. People buy fruits at a traditional market in Hanoi to prepare dishes for the celebration of the first full moon in the lunar year. Photo: Hoai Nam/The Hanoi Times The first full moon of the lunar year falls on the 15th day of the first lunar month. On that day, Vietnamese prepare some dishes in honor of the gods, Buddha, and ancestors, and pray for the happiness, luck, and prosperity of their relatives. In 2023, Ram Thang Gieng falls on January 4. Given such meaning,  demand for fresh and good quality food before and during the day tends to increase. In 2023, however, prices for raw and fresh foods are virtually unchanged … [Read more...] about Food prices rise slightly ahead of first full moon

Regular Cabinet press conference (Photo: VNA) Hanoi (VNA) – In February and following months, Vietnam will focus its resources on three growth drivers of investment, consumption and export, said Minister-Chairman of the Government Office Tran Van Son at the regular Cabinet press conference on February 2 following its monthly teleconference with localities. Son said that at this conference, all Government members agreed that in the coming time, there are more difficulties and challenges than opportunities and advantages. Therefore, Prime Minister Pham Minh Chinh asked ministries, sectors and localities to proactively address arising problems and step up three strategic breakthroughs namely institutions, infrastructure and human resources. He requested giving priority to maintaining macro-economic stability, controlling inflation, propelling growth and ensuring major balances of the economy. "It is necessary to ensure the balanced, rational and effectively … [Read more...] about Vietnam focuses on investment, consumption, export: regular Government press conference

The Thai government's spokesman Anucha Burapachaisri. (Photo: nationthailand) Bangkok (VNA) – The Thai government's spokesman Anucha Burapachaisri said on February 1 that the Ministry of Industry has signed a memorandum of understanding (MoU) with Japan’s Ishikawa prefecture to forge links between local enterprises. Anucha stressed that Ishikawa is the 23rd out of Japan’s 47 prefectures to sign an MOU with Thailand to promote industrial cooperation under the theme of “Otagai”, which means “to help each other”. On the Thai side, the Department of Industrial Promotion will match cluster industries in Ishikawa, including machinery, textile and fibre, food and agriculture, with suppliers and partners in Thailand. Both sides also agreed to participate in the 22nd Otagai Forum in Nanao City, Ishikawa, on February 22 to promote collaboration in the carbon-fibre-reinforced polymer and food processing industries and the bio-circular and green (BCG) economy. Anucha said over … [Read more...] about Thai, Japanese businesses forge links

It advised tourists to visit Vietnam outside of the peak summer travel season in July and August to find budget-friendly accommodation. The magazine recommended travelers to try the country's signature dishes: beef pho , bun cha (barbecued pork with rice noodles) and banh mi (baguette). "Expect to eat like royalty even when you're on a budget in Vietnam – it’s street-food heaven." Bun cha and pho costs around VND50,000-80,000 (US$2.13-3.41) in Vietnam and banh mi around VND15,000. A cruise tour through limestone karst mountains in the world heritage site Ha Long Bay or a cycle tour through ancient houses with yellow walls in the old town Hoi An are not bad ideas for newlyweds, it said. The list of the top 10 destinations is rounded off by Cambodia, Indonesia, Honduras, Bulgaria, South Africa and Puerto Rico. … [Read more...] about Vietnam among world’s best places for budget honeymoon: Lonely Planet

By 2025, the Ministry of Information and Communications expected Vietnam to have 80,000 digital tech firms, meeting at least 50% of digital tech and services from state agencies. Vietnam aims for the digital technology industry to lead the implementation of Industry 4.0 in the country, with revenue growth 2.5 times higher than the overall GDP expansion rate. ICT to help Vietnam realize the digitalization process. File photo The target was revealed in the Ministry of Information and Communications (MIC)’s directive for information and communication technology (ICT) development in 2023 and the 2024-2025 period. "Digital technology focused on design, creation, and manufacturing in Vietnam is the main industrial sector driving the nation's industrialization and modernization, contributing to greater digitalization capability and shaping a digital country," the MIC stated. Under the plan, the ministry expected revenue from the ICT sector would hit US$165 … [Read more...] about Digital technology to spearhead Vietnam’s drive for Industry 4.0

The book shows the Party Chief’s comprehensive direction in the graft fight drawn from practice and foresight on issues of Party building, anti-corruption, and the country’s development. Vietnam today [February 2] introduced the launch of a 600-book on the corruption fight by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. The book on Anti-corruption was written by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. Photo: NLD Titled “Persistently determined to prevent and fight against corruption and negative phenomena, contributing to building an increasingly transparent and strong Party and State”, the book summarizes the anti-corruption direction of the General Secretary, who is also head of the Central Steering Committee on Anti-corruption. The book, published by the National Political Publishing House, will be released in print and online. The online version is available for free on stbook.vn . … [Read more...] about Vietnam publishes book on Communist Party chief’s anti-corruption

Vietnam's real estate market continues to show strong appeal to foreign investors despite global economic difficulties. The foreign direct investment (FDI) into Vietnam’s real estate market in 2022 rose by over 70% yearly to US$4.45 billion, focusing on industrial and large-scale commercial projects, according to the Ministry of Construction (MoC). Real estate projects in Hanoi. File photo The MIC’s report suggested that real estate stands second among sectors with the highest FDI attraction in 2022, which showcases “the strong appeal of the market to foreign investors amid a difficult global economic environment.” Neil MacGregor, Managing Director of Savills Vietnam, echoed this view by saying foreign investors remain attracted to Vietnam, especially in production, retail, logistics, and real estate. He expected the attention from foreign investors would help the local real estate accelerate the recovery process this year. Regarding this sentiment, HSBC … [Read more...] about FDI to Vietnam’s real estate rises by over 70% in 2022

Participants at the ceremony (Photo: VNA) Hanoi (VNA) – A ceremony was held in Hanoi on February 2 to release the book entitled “Resolutely, persistently fighting corruption and negative phenomena to contribute to building more transparent and stronger Party and State” by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. The release of the book is part of activities to celebrate the 93rd founding anniversary of the CPV (February 3) and the 10th anniversary of the establishment of the Central Steering Committee for Prevention and Control of Corruption and Negative Phenomena (February 1). Jointly published by the CPV Central Committee’s Commission for Internal Affairs and the Su That (Truth) National Political Publishing House, the book presents directions of comrade Nguyen Phu Trong as the Party leader and head of the steering committee in a systematic manner, and demonstrates the Party’s consistent ideology on the prevention and control of … [Read more...] about Party chief’s book on fight against corruption and negative phenomena released

The conference was attended by Deputy Chiefs of the General Staff Senior Lieutenant General Huynh Chien Thang, Senior Lieutenant General Phung Si Tan, Lieutenant General Nguyen Doan Anh, Lieutenant General Nguyen Van Nghia, and Major General Pham Truong Son. In the previous month, the General Staff directed its affiliated units to strictly maintain combat readiness, grasp local situations and address arising issues, contributing to firmly protecting national sovereignty. They also closely worked with relevant forces; observed all directives of of the Secretariat, the Prime Minister and the Directive of the Minister of National Defense on combat readiness and well organized activities in celebration of the lunar New Year 2023 (Tet) with absolute safety. During the Tet holiday, the General Staff extended greetings and inspected combat readiness in some military units, made good preparation for training work in 2023, mobilized troops in response to natural disasters and search and … [Read more...] about General Staff reviews task performance in January 2023