We are facing a challenging business environment on a global scale. How do you evaluate the support the ASEAN Business Advisory Council (ASEAN-BAC) has and the wider Vietnamese business community? Arsjad Rasjid, chairman of ASEAN BAC 2023 In our country we have something called Indonesia Incorporated, where the government and the private sector work together. This is very important and, at the ASEAN level, we should have an ASEAN Incorporated, where the governments and the business community work together. This is because there are multiple challenges. For instance, we have 280 million people in ASEAN. If we didn’t have the public and the private sectors working together, we would not have been able to solve issues like carrying out mass vaccinations during the pandemic. If we work together on ASEAN connectivity, on energy for example, we can maintain our security with this synergy. We are a $3.2 trillion economy. However, with more efforts towards ASEAN … [Read more...] about Vietnam can enhance its role further within ASEAN
China asean tourism
HCM City’s tourism shows positive signs with return of Chinese visitors
Foreign tourists visit Ho Chi Minh City's Post Office. (Photo: VNA) HCM City (VNA) – Travel firms in Ho Chi Minh City have launched tours between Vietnam and China as soon as China decided to include Vietnam in the list of countries to which Chinese group tours can be conducted from March 15. According to the city’s businesses, more Chinese tourist groups will arrive in the city this month and April will be the peak time marking the return of Chinese tourists to Vietnam. On the contrary, the number of Vietnamese tourists booking tours to China will also increase, helping to stimulate demand in the tourism markets of the two countries in the coming time. The forecast is based on the huge tourism demand of Chinese tourists after about three years of disruption due to the COVID-19 pandemic and Vietnam being one of the Chinese tourists’ favourite destinations. In addition, Vietnamese businesses have developed high-quality and oriented products and services for specific tourist … [Read more...] about HCM City’s tourism shows positive signs with return of Chinese visitors
Ho Chi Minh City’s tourism shows positive signs with return of Chinese visitors
According to the city’s businesses, more Chinese tourist groups will arrive in the city this month and April will be the peak time marking the return of Chinese tourists to Vietnam. On the contrary, the number of Vietnamese tourists booking tours to China will also increase, helping to stimulate demand in the tourism markets of the two countries in the coming time. The forecast is based on the huge tourism demand of Chinese tourists after about three years of disruption due to the COVID-19 pandemic and Vietnam being one of the Chinese tourists’ favorite destinations. In addition, Vietnamese businesses have developed high-quality and oriented products and services for specific tourist segments. Accompanying the business community, the city’s Department of Tourism has just coordinated with the Zhangjiajie city People's Committee in China’s Hunan province and the Vietnam Global International Travel Group Joint Stock Company to organize a tourism promotion conference in Zhangjiajie … [Read more...] about Ho Chi Minh City’s tourism shows positive signs with return of Chinese visitors
High pedestal to reach for 2023’s growth ambitions
High pedestal to reach for 2023’s growth ambitions Vietnam’s economic growth is projected to ease to 6.3 per cent in 2023 from a robust 8.02 per cent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank’s latest Taking Stock report released last week. Growth is expected to pick up to 6.5 per cent in 2024 as the economies of Vietnam’s main export markets gain strength, the report said. The outlook for Vietnam reflects heightened uncertainty in the global economy. Downside risks include weaker-than-expected growth in Vietnam’s major export markets, which include the United States, China, and the Eurozone, tightening financial conditions, higher domestic inflation, weaknesses in the balance sheets of corporate, banking and household sectors, and financial sector vulnerabilities. The Vietnamese government has set a target that GDP will increase 5.6 per cent in Q1, 6.7 per cent in Q2, 6.5 per … [Read more...] about High pedestal to reach for 2023’s growth ambitions
Italy – Vietnam relationship “strongly rooted in history”: Ambassador
The Vietnam News Agency (VNA) and the National Associated Press Agency of Italy (ANSA) sign a professional cooperation agreement at an online ceremony held in Hanoi on February 20. (Photo: VNA) Hanoi (VNA) - Italian Ambassador to Vietnam Antonio Alessandro cited Italian President Sergio Mattarella's words as saying that the relationship between the two countries “strongly rooted in history” while granting an interview to the Vietnam News Agency (VNA) on the occasion of the 50th founding anniversary of bilateral diplomatic ties (March 23, 1973 - 2023). The following is the full text of the interview. Reporter: How do you evaluate the relations between Vietnam and Italy since the establishment of the bilateral diplomatic ties 50 years ago, especially since the upgrading of the relationship to a strategic partnership in January 2013? Ambassador Antonio Alessandro : I would use the words of the President of the Italian Republic Sergio Mattarella, who has just released a … [Read more...] about Italy – Vietnam relationship “strongly rooted in history”: Ambassador