Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20. In the first month of 2023, newly-registered capital is estimated to have increased 3.1 times over the same period last year, showing that foreign investors still maintain confidence in Vietnam's investment environment. Hanoi ranks among the top localities in foreign direct investment (FDI) in 2022. Photo: Thang Long Industrial Park The Foreign Investment Agency under the Ministry of Planning and Investment reported that there were 801 newly-registered projects totaling $1.2 billion and 89 projects increasing capital with a combined amount of $306.3 million. In addition, 204 transactions of share purchases by foreign investors were worth $174 million, representing a year-on-year decline of 60.7%. Meanwhile, the disbursement of foreign investments dropped by 16.3% to $1.35 billion. The agency attributed the decrease in registered and disbursed FDI to the national holiday (the … [Read more...] about Foreign investors remain confident about Vietnam’s business environment
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RoK tops list of countries with most foreign visitors to Vietnam
The Republic of Korea (RoK) topped the list of countries and territories with most foreign visitors to Vietnam in January 2023, the General Statistics Office of Vietnam (GSO) announced on January 29. Located in central Vietnam, UNESCO-recognised Hoi An is one of the major tourist attractions for Korean visitors. (Photo: travelelog.com) According to data released the GSO, Vietnam welcomed 258,000 Korean arrivals in January, representing a 13-fold increase month on month and a 72fold increase year on year. The RoK was followed by the United States (nearly 78,000 arrivals), Thailand (55,000), Australia (44,225) and Malaysia (37,267). Besides, Japan, Cambodia, Singapore, Taiwan (China) and the United Kingdom were all countries and territories with large numbers of tourists to Vietnam in the first month of 2023. The GSO reported Vietnam attracted 871,200 foreign arrivals in January 2023, an increase of 23.2% over the previous month and 44.2 times higher than the … [Read more...] about RoK tops list of countries with most foreign visitors to Vietnam
Vietnam’s tourism in 2022: measures for recovery, acceleration
Dawn breaks over Da River lake.(Photo: VietnamPlus) Hanoi (VNA) - As vaccination coverage is expanding, the severity of the SARS-CoV-2 virus is showing signs of dying out. As a result, Vietnam’s tourism needs to quickly work out harmonious measures for the coming period of recovery. A sad economic year for the tourism sector has come to an end after many tremors caused by successive outbreaks of COVID-19 . Vietnam’s green economy in 2021 failed to recover as seen through the statistics of the yearly review, yet many experts still believe that in 2022, accelerations will be created with attention and assistance from the government. Although the pandemic is still spreading with new variants, there are grounds for us to hope the constantly expanding vaccination coverage has helped weaken the severity of the SARS-CoV-2 virus. The clock is ticking towards the day when the world can contain and roll back the pandemic, opening up chances for socio-economic recovery. That is … [Read more...] about Vietnam’s tourism in 2022: measures for recovery, acceleration
Certificate of merit awarded to Tet cat mascot creator in Vietnam’s Quang Tri Province
Authorities in Quang Tri Province, located in north-central Vietnam, have granted a certificate of merit together with a cash bonus to the creator of a graceful cat mascot statue, called the ‘Miss Cat’ by netizens, used to celebrate the 2023 Lunar New Year (Tet), which is the Year of the Cat. Dinh Van Tam, a 32-year-old local man, who made the charming artistic work, received the provincial government’s certificate of merit, together with a bonus of VND20 million (US$852), from Ha Si Dong, standing deputy chairman of the Quang Tri administration, on Friday. Since the cat mascot statue was put on display at the square of the province’s Trieu Phong District on January 15, tens of thousands of people have flocked there for viewing and photographing during the past seven-day Tet holiday, from January 20 to 26, district authorities said. The cat statue has also caused great excitement to social media communities, who have honored it as the ‘Miss Cat,’ as it is considered truly … [Read more...] about Certificate of merit awarded to Tet cat mascot creator in Vietnam’s Quang Tri Province
Cultural diplomacy raises Vietnam’s position worldwide
In an interview granted to the Vietnam News Agency, the official noted that Vietnam has focused on including the cultural content into the activities of high-ranking leaders during their overseas trips and the country’s reception of foreign leaders; and on promoting deep and wide integration in the fields of culture, science and education at international forums. According to him, Vietnam hosted significant regional and international conferences and events last year, including the 31st SEA Games and the Vietnam day program in the Republic of Korea, Austria and India. The country was elected to the Intergovernmental Committee of the UNESCO Convention for the Safeguarding of Intangible Cultural Heritage for the 2022-2026 term with the highest number of votes. The first official visit to Vietnam by UNESCO Director-General Audrey Azoulay was a highlight, putting the country, its culture and people on the radar of international media, Ngoc said. The guest said she was impressed by … [Read more...] about Cultural diplomacy raises Vietnam’s position worldwide
Vietnam attends fifth International Conference For World Balance
Themed “With all and for the good of all,” the event was one of the activities honoring Cuban national hero José Martí on the occasion of his 170th birth anniversary (January 28), with over 1,100 delegates from 87 countries globally taking part. This world forum of plural and multidisciplinary thought is convened by the José Martí Project for World Solidarity every three years, enabling hundreds of professors, social activists and intellectuals in general, from all latitudes of the planet, to reflect on the main contemporary problems. As the first guest to address the opening ceremony, Tuan underlined that together with the people across the globe, the Vietnamese people always aspire to live in a world of peace, democracy with the long-term goal of wealthy people, strong country and a democratic, fair and civilized society. In order to build a better world, the Vietnamese delegation suggested further strengthening the role of the legislature and lawmakers in fine-tuning laws; … [Read more...] about Vietnam attends fifth International Conference For World Balance
What’s on January 30-February 5/2023
EXHIBITION HCMC-Exhibition ‘No more, not yet’ Opening: Feb 3, 06:30 pm EMASI Nam Long, 147 Street No.8, Nam Long Residential area, D7, Display: Feb – June, Wed & Fri, 10 am – 04 pm EMASI Nam Long (D.7) Tues & Thurs, 10 am – 04 pm EMASI Vạn Phúc (D.Thủ Đức) *and every last Saturday of the month From the organizer: Nguyen Art Foundation (NAF) proudly invites you to the opening of ‘No more, not yet’, an exhibition that looks back on Nguyen Thi Thanh Mai’s shapeshifting artistic practice in all its multiplicity. Winner of the Artist Excellence Award (inaugural edition, initiated by The Factory Contemporary Arts Centre and managed by in-tangible institute), her work is presented here alongside nearly 20 artists whom she calls her colleagues and friends. The exhibition will be on display from February to June 2023 across the campuses of EMASI Nam Long and EMASI Van Phuc. Hanoi-Exhibition “This is not A Dream” Exhibition: Until Mar … [Read more...] about What’s on January 30-February 5/2023
15-year-old Vietnamese girl dies after drinking alcohol at Tet party
A grade-9 schoolgirl in Yen Bai Province, northern Vietnam has succumbed to her critical condition after drinking liquor at a party during the past Tet (Lunar New Year) holiday, local authorities reported on Saturday. The girl, identified only as M., died on Thursday, the last day of the seven-day Tet break, after she attended a drinking party at her friend’s house two days earlier in Ban Cong Commune of the province’s Tram Tau District. As the party was taking place, M. stepped out of the house and then fell down, Hang A Hanh, deputy chairman of the Ban Cong administration, told Tuoi Tre (Youth) newspaper. The girl was unconscious when being found by her friends and was taken to a local hospital immediately for emergency treatment, but she died two days later at the age of 15, Hanh said. Local police are investigating the actual cause of the death, the official said. “M. drank alcohol at the party, and police officers are probing how much alcohol she had drunk,” Hanh … [Read more...] about 15-year-old Vietnamese girl dies after drinking alcohol at Tet party
Apartment market to continue slumping this year
Decreasing demand for apartments in the region is also forecast to continue through at least the middle of the year. But it may begin to gradually rise by the last quarter of 2023 as legal bottlenecks and obstacles to credit are slated to be at least partially removed by the government, according to DKRA real estate consultants. DKRA Vietnam deputy R&D director Vo Hong Thang said apartment market liquidity, this year, would concentrate in affordable housing projects with prices of below VND50 million ($2,118) per square meter in HCMC and less than VND35 million per square meter in Binh Duong. Such social housing projects promise to be a ray of light in the otherwise gloomy 2023 market, he said, while adding the caveat that supply would still be limited. According to Thang, businesses are gradually supplying fewer high-priced homes and more affordable apartments and social housing units this year. He said this trend may last until 2025, with new supply focusing on the city’s … [Read more...] about Apartment market to continue slumping this year
2022 destination selection trend of Vietnamese tourists
Costume of Ha Nhi ethnic people in Ha Giang province. (Photo: VietnamPlus) It is hoped that 2022 will be a more optimistic year for the tourism sector. A survey revealed that up to 80 percent of Vietnamese people said they are planning vacations to make up for what the COVID-19 pandemic has deprived them of, and 43 percent said they want to experience a lesser-known place, instead of the destinations too familiar to them. It is also noteworthy that booking by tourists in Vietnam to share popular destinations is becoming a dominating trend. Ethnic minority culture paradise Up to 84 percent of Vietnamese tourists said they want to visit Meo Vac in Ha Giang province. It is a small but attractive valley in the northeast, surrounded by limestone mountains and inhabited by H’Mong and Ha Nhi ethnic groups, boasting a unique dish – thang co – cooked from the inner organs of cattle, of which 70 percent of Vietnamese tourists said they want to try during their 2022 tours. For … [Read more...] about 2022 destination selection trend of Vietnamese tourists