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A type of cashless payment (Photo: VNA) The pandemic accelerated this payment form towards a cashless society as oriented by the Government and the State Bank of Vietnam (SBV). According to a survey recently conducted by digital payment giant VISA, 65 percent of Vietnamese are carrying less cash in their wallets and one-third say they will stop using cash after the pandemic. Almost 76 percent of the consumers now use mobile wallets and even more (82 percent ) use cards. VISA also pointed out that online shopping and cash alternatives are all likely to stay on after the pandemic. Two-thirds of Vietnamese tried shopping online during the pandemic and half of them made their first purchase through social networks. Nine out of 10 consumers are now using home delivery services, and almost all of them now use it more often than before the pandemic. An overwhelming majority (more than 80%) now use their cards, QR payments, and mobile wallets at least once a week. Meanwhile, a solid … [Read more...] about Cashless payments still booming after pandemic

Of the figure 2.16 million tons were caught from the sea, a rise of 3.3 percent compared to the same period last year. The ministry attributed the increases to the favorable weather conditions and localities’ support to fishermen. However, it said that tuna catch in Binh Dinh, Phu Yen and Khanh Hoa dropped nearly 17 percent in August to only 832 tons. In the first eight months of this year, total tuna catch was estimated at 14,901 tons, up 10.6 percent year on year. Binh Dinh took the lead with 8,508 tons, a rise of 18.9 percent, followed by Phu Yen 3,410 tons (up 6.1 percent) and Khanh Hoa 2,983 tons (down 2 percent). Source: VNA … [Read more...] about Seafood output hits 2.3 million tons in eight months

The Paris seminar aims to promote trade and investment between Vietnam and France. (Photo: VNA Paris (VNA) – France has major advantages in various areas which are also those prioritized by Vietnam in its FDI attraction policy, said Vietnamese Ambassador to France Dinh Toan Thang at a seminar in Paris on June 23. Co-presided over by Ambassador Thang and President of the French Chamber of Commerce and Industry in Vietnam (CCIFV) Thibaut Giroux, the event aimed to promote trade and investment between Vietnam and France. It also saw the presence of French Consul General in Ho Chi Minh City Emmanuel Pavillon Grosser and representatives from nearly 80 companies and investors from both sides. In his remarks, Thang highlighted Vietnam as one of the fastest-growing and most dynamic economies in ASEAN, saying the Government of Vietnam has been persistently improving legal framework to attract French investors in the fields of mutual interest, particularly hi-tech industries and … [Read more...] about Vietnam, France step up trade, investment cooperation

According to the Government Information Security Commission, in 2021, more than 45,000 out of 76,977 cyber attacks on some key network systems were carried out in the form of exploiting vulnerabilities. There were about 14,000 network scanning attacks, more than 12,000 targeted attacks, more than 7,300 authentication attacks, nearly 7,000 malware attacks, and about 650 denial-of-service attacks. Major reasons behind the problem was the use of software without copyright, and users’ lack of awareness of cybersecurity. So far this year, the commission has detected more than 48,600 attacks targeting major networks, which means the number of cyber attacks is still rising, bringing more threats to the process of digital Government building and the development of digital economy and society. In order to ensure information security in the future, Pham Minh Tuan, deputy head of the Cyber Security Assessment section under the Government Information Security Commission’s Center for … [Read more...] about Vietnam Security Summit 2022 held in Hanoi

The two major cities were among several places in China that implemented curbs to stop the spread of the Omicron wave during March to May, with Shanghai imposing a two month-long city-wide lockdown that lifted on June 1. The efforts, part of China's adherence to a zero-Covid policy that aims to eradicate all outbreaks, have brought case numbers down but many of the heavy-handed measures have fuelled anger and even rare protests and taken a heavy toll on the economy. Beijing shut its schools in early May and asked students to move to online learning amid a spike in locally transmitted Covid cases. Senior year students at middle and high schools were allowed to return to classrooms from June 2. On Saturday, with case numbers trending lower in recent days, the capital's education commission said all primary and secondary school students in the capital can return to in-person classes from Monday. Kindergartens will be allowed to reopen from July 4. The Beijing Municipal Bureau of … [Read more...] about Beijing to reopen schools, Shanghai declares victory over Covid

State President Nguyen Xuan Phuc (C) meets outstanding workers in oil and gas sector (Photo: VNA) Hanoi (VNA) – State President Nguyen Xuan Phuc on June 25 met 70 officials and workers in the oil and gas sector who stood out in the good and creative labour emulation movement in the 2017-2022 period . Despite numerous difficulties in the period, the Vietnam National Oil and Gas Group has had over 2,800 topics, initiatives and solutions applied in the reality, which have produced a total estimated profit of over 500 million USD. The leader said the group, with its over 60,000 workers, has become an economic-technological spearhead that helps ensure sufficient supply of fuel to economic sectors and plays an important role in realising the sea strategy and safeguarding national sovereignty in the sea. State President Nguyen Xuan Phuc presents late President Ho Chi Minh's portraits to outstanding workers (Photo: VNA) Affirming that the participants at the meeting … [Read more...] about State leader praises outstanding workers in oil, gas sector

The constant rise in fuel prices has caused up to 55 percent of 99,000 fishing boats throughout Vietnam to stay ashore to avoid losses, according to the Ministry of Agriculture and Rural Development, which is calling for financial supports for fishermen. Fuel has become a so huge expense that many fishermen in the country are having trouble making a living. Gasoline and oil demand for fishing activities averages out at 330 million liters per month, according to the agriculture ministry, while the price of diesel 0.05S, the main fuel for fishing vessels, has spiked by 65 percent, or VND11,441 (US$0.49) per litter, since December 2021. In total, fuel costs needed to maintain normal fishing activities have skyrocketed by about VND3.776 trillion ($162.4 million) a month. While fuel costs usually account for 45-60 percent of fishing expenses, the other costs have also increased by 10-15 percent, raising the total expenses by 35-48 percent on average. Meanwhile, the increase in … [Read more...] about Vietnam agriculture ministry urges aid for fishermen as rising fuel prices keep them ashore

Vietnam was recently named amongst the top three Asia-Pacific countries where people have regained their confidence in travel. According to the Travel Confidence Index, a report commissioned by leading online travel company Booking.com, the Vietnamese population is the second most confident in travel, with 85 percent of Vietnamese travelers sharing that they intend to travel at some point in the next 12 months. Numbers one and two on the list were India (86 percent) and China (79 percent). The online survey, which polled 11,000 travelers from 11 countries and territories across Asia and Oceania between April and May 2022, aimed to track the impact of geopolitical and societal diversities in the region, as well as the varied response to the COVID-19 pandemic, on overall confidence levels when it comes to travel. The result indicated that, among Asia-Pacific travelers, Vietnamese are very much willing to put up with and/or overlook travel deterrents, including disruptions and … [Read more...] about Vietnam ranks amongst most optimistic tourism communities in Asia-Pacific

Two Indian naval ships, INS Sahyadri and INS Kadmatt, carrying more than 500 crew members arrived at Nha Rong Wharf on Friday, marking the start of a three-day friendship visit to Ho Chi Minh City. The visit is part of bilateral defense cooperation activities to enhance ties between the two navies and also mark the 50th anniversary of the countries’ diplomatic relations this year. During their stay, the Indian delegation is set to pay courtesy calls to Ho Chi Minh City leaders, visit the high commands of Military Region 7 and Naval Region 2, pay tribute to Vietnam’s late President Ho Chi Minh, visit local historical relic sites, and take part in sport exchanges with officers and soldiers of Naval Region 2. The Indian ships will also join the Vietnam People’s Navy in a joint passage exercise (PASSEX). Indian naval ship INS Kadmatt arrives at Nha Rong Wharf, Ho Chi Minh City, June 24, 2022. Photo: Quang Dinh / Tuoi Tre Addressing a press meeting held on INS … [Read more...] about Indian naval ships begin three-day visit to Ho Chi Minh City

The management board of Nha Trang Bay in south central Khanh Hoa Province declared on Friday that all swimming and diving activities at Hon Mun Nature Reserve will be suspended beginning Monday next week and lasting until further notice. The decision was made as a result of the recent bleaching, damage, and decline of many coral species at Hon Mun Nature Reserve and other areas in Nha Trang Bay. According to the management board, the suspension of ocean leisure activities in the areas surrounding Hon Mun Nature Reserve is to comply with the notice issued by the People's Committee of Nha Trang on Friday. The purpose of the suspension is to survey and evaluate the current situation, identify vulnerable locations, and develop a strategy to preserve the Nha Trang Bay Marine Protected Area in the near future. According to Huynh Binh Thai, head of the management board, the suspension of swimming and scuba diving operations at Hon Mun Nature Reserve does not indicate the closure … [Read more...] about Sea leisure activities suspended following reports of dead corals at nature reserve in Vietnam