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
Covid 19 prevention measures
State-owned banks under capital increase pressure
Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders. A customer at a Vietcombank office in Hanoi. Though the four biggest State-owned banks, including Vietcombank, have been a key force in supporting the economy to overcome difficulties, their charter capital is too low. Photo thoibaonganhang.vn Currently, the big four, including BIDV, Vietcombank, Agribank and VietinBank, only hold more than 40 per cent of the credit market share of the country’s banking system, but over the years, especially in the past three years, the banks have been a key force in supporting the economy to overcome the difficulties caused by the COVID-19 pandemic and global economic uncertainties. State-owned banks always take the lead in implementing incentive policies of the National Assembly, the … [Read more...] about State-owned banks under capital increase pressure
Viet Nam among world’s 10 biggest recipients of remittances
Remittance flows into Viet Nam approximated $19 billion in 2022. — Photo baotintuc.vn Viet Nam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD). Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Viet Nam remained relatively stable compared to previous years, the report noted. Total remittances to Viet Nam increased by nearly 5 per cent in 2022 and may go up 3.6-4.5 per cent in the following years after growing 5 per cent in 2021, according to statistics of WB and KNOMAD. Last year, the value rose about US$1 billion to approximate $19 billion, making the country one of the three biggest recipients in the Asia-Pacific and among the top 10 globally in terms of remittances. Some banks perceived that … [Read more...] about Viet Nam among world’s 10 biggest recipients of remittances
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
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
Poetry Day to take place next month at Thang Long Citadel
Vietnam Poetry Day 2019 (Photo: VNA) Hanoi (VNA) - The Vietnam Poetry Day will be held next month in Hanoi's Thang Long Imperial Citadel with new activities, according to organisers. It is the first time this annual cultural event will take place in the citadel, which is a UNESCO World Heritage of Vietnam, after 18 years being held at Van Mieu (Temple of Literature) and three years of hiatus due to the COVID-19 pandemic. With the theme of "Nhip dieu moi" (New Rhythm), the 21st edition carries the wish that after the country has overcome the pandemic, life returns with a "new rhythm, momentum and confidence" along with the recovery of the whole economy, culture and society to approach a "future full of hope for good things", said Nguyen Quang Thiều, President of the Vietnam Writers' Association (VWA). It is expected to open on the occasion of the new year's full moon celebration which falls on January 15 of the Lunar calendar or February 5, 2023, with more events to … [Read more...] about Poetry Day to take place next month at Thang Long Citadel
Prague Airport wants to open direct air routes to Vietnam
Jiří Pos, Chairman of the Board of Prague Airport said that the airport is considering the launch of flights from Prague to Vietnam, by partnering with either Vietnam Airlines or Bamboo Airways. There could also be another round of talks with Qatar Airlines in February for a route to Doha, he added. The airport is negotiating the renewal of the route to Newark with United Airlines. Discussions are also taking place with American Airlines about restoring the route to Philadelphia. Pos said that the airport is talking to some US partners about a direct service connecting Prague and Chicago, adding that the airport also hopes to resume direct flights to Canada, specifically to Toronto and Montreal with potential partners being Air Canada or Air Transat. At the same time, Prague Airport is also interested in destinations in Asia, including China, India, Japan, Singapore, the Republic of Korea, and Mongolia, along with destinations in Europe, he revealed. Before the COVID-19 … [Read more...] about Prague Airport wants to open direct air routes to Vietnam
Cuc Phuong National Park – An ideal destination for nature lovers
Cuc Phuong, Vietnam’s first national park, is situated in the Tam Diep Mountain Range, which spans over the territory of Ninh Binh, Hoa Binh, and Thanh Hoa provinces. (Photo: VNA) Ninh Binh (VNA) - Cuc Phuong has been named as one of the leading national parks in Asia by the World Travel Awards for many consecutive years, enabling it to attract more visitors, especially nature lovers . Covering 22,000 hectares stretching across Ninh Binh, Hoa Binh and Thanh Hoa provinces, Cuc Phuong is the first national park of Vietnam. For nearly 60 years since its establishment, Cuc Phuong’s preservation work has made great achievements and the national park itself is internationally recognised as the largest wildlife protection area in Southeast Asia. With its limestone Karts topography, Cuc Phuong’s primary forest has value because of its archeology, paleontology and geology. Many archaeological sites have been discovered here, providing valuable insight into human history. The … [Read more...] about Cuc Phuong National Park – An ideal destination for nature lovers