Ho chi minh city food market

The hustle and bustle of the night market, the smell of grilled meat bursting in the smoke in the barbecue streets at night, and the sound of clinking beer glasses are the specialities that tourists can experience when coming to Vietnam. Eating at night and street food are also features that have now been revived after a long time of stagnation due to the pandemic. Recovery of nightlife Vietnam is considered one of the destinations with interesting nightlife tourism products – which is a motivation to attract foreign tourists. No matter if in Saigon, Khanh Hoa, Kon Tum, or Dak Lak, it is easy to see the lively nightlife with crowds gathering at night markets. The reappearance of street food in combination with special entertainment activities proved the recovery of Vietnam’s tourist sector. The Saigon Night festival organised by Saigon Beer – which is a brand of SABECO – in collaboration with the Ho Chi Minh Communist Youth Union is one of the programmes to prolong … [Read more...] about Culture and food festival welcomes back nightlife lovers

Inadequacies in salary are causing a shift of workers among foreign-invested enterprises. Taiwanese-backed Foxconn, the world’s largest iPhone contract manufacturer, is complaining about a battle to attract more affordable labour with its Chinese rivals in Vietnam. Young Liu, CEO and chairman of Foxconn, this month accused the company’s Chinese competitors of setting up campuses near its base in Vietnam to get closer to its workers. Foxconn’s campus, located in the northern province of Bac Ninh, currently employs around 60,000 workers, and the company has plans to increase that number over the next two years. Once the battle for workers becomes more serious, the company may face the risk of employee shortages. While the Foxconn CEO would not disclose the names of the competitors involved, the current crop of 31 companies – employing around 160,000 workers – that produce Apple products in Vietnam include major names such as Luxshare ICT, Pegatron Vietnam, and BYD Electronics … [Read more...] about Foreign groups battle to retain their workers

The event gathered representatives from the Ministry of Agriculture and Rural Development, the Mekong Delta Rice Research Institute, enterprises operating in processing and rice exports, and market experts and researchers. During the event, participants discussed and analysed bottlenecks, and proposed solutions to remove difficulties facing Vietnam's rice industry in its path towards sustainable development. Vietnam is known as a powerhouse in rice exports with an annual average export output of about 6.3 million tonnes, accounting for about 15 percent of total global rice exports. Vietnamese rice has been shipped to over 150 countries and territories worldwide. However, the country still meets obstacles in exporting rice to high-end markets where food protectionism and inflation are on the rise. Do Ha Nam,  Vice Chairman of the Vietnam Food Association, pointed out logistics difficulties facing rice exporters in the Mekong Delta region. Participants also mentioned solutions … [Read more...] about Seminar seeks to improve quality of Vietnamese rice

Singaporean-based United Overseas Bank (UOB) maintained its forecast for Vietnam’s gross domestic product (GDP) growth at 6.5 percent this year despite global uncertainty brought about by the conflict in Ukraine and soaring commodity prices. UOB recently released its report on the economic growth of markets around the world, including Vietnam. The report pegged its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent this year. UOB’s forecast for the country’s GDP growth is in line with the Vietnamese government’s goal of hitting a 6-6.5 percent economic expansion for 2022. The bank's report predicted that the country’s GDP growth will reach 7.6 percent in the third quarter of this year. However, the inflation rate could rise to five percent in 2023 due to various risks and challenges, including the Russia-Ukraine conflict and related sanctions. One of the optimistic signs of the Vietnamese economy is that foreign direct investment (FDI) … [Read more...] about UOB forecasts 6.5 percent GDP growth for Vietnam despite global uncertainty