Vietnamese tourists visit Tokyo Japan. Vietnamese are among those who crave holidaying abroad the most across Southeast Asia. — VNS Photo Thu Ngân Vietnamese are among those who crave holidaying abroad the most across Southeast Asia, according to GrabAds’s latest SEA Travel Insights 2023 report. In the report, 80 per cent of 1,500 Vietnamese survey respondents planned to have an overseas holiday, just slightly behind Thailand and Singapore at 86 per cent and 85 per cent, respectively, and ahead of the Philippines at 69 per cent, Malaysia at 64 per cent and Indonesia at 56 per cent. The survey shows that intent to travel remains strong across the region. Of those surveyed, 72 per cent of Grab users plan to travel abroad at least once in the next 12 months, jumping from just 39 per cent when borders reopened in 2022, indicating intent to travel has climbed by 84 per cent in just one year. While Thailand, Singapore and Malaysia lead the way in terms of destinations within … [Read more...] about Vietnamese itching to take leisure trips overseas
Honeymoon in southeast asia
Monash University helps Vietnamese startups unlock their potential
Huynh Thanh Dat, Minister of Science and Technology, and Susan Elliott AM, interim president and vice-chancellor of Monash University What does it mean to Monash University to successfully host International TECHFEST 2023? We are pleased to host International TECHFEST 2023 – the first time the event has been held in Australia – as we celebrate the milestone of 50 years of diplomatic relations between Vietnam and Australia. We are delighted to collaborate with Vietnam's Ministry of Science and Technology and to have the opportunity to welcome the country's delegation to Monash. International TECHFEST 2023 reflects Monash University’s distinctive global footprint and commitment to international collaborations. It is a wonderful platform to strengthen relations between Monash and Vietnam, and deepen our connections with Vietnamese students, researchers, and industry leaders. Importantly, this event offers a significant opportunity to enhance the potential of the … [Read more...] about Monash University helps Vietnamese startups unlock their potential
ASEAN businesses seek investment opportunities in Africa
Chairman of the ASEAN Business Advisory Council (ABAC) Arsjad Rasjid (Photo: VNA) Jakarta (VNA) – Southeast Asian companies are evaluating potential investments in African market s so as to support growth and seek new opportunities amidst China’s economic slowdown, said Chairman of the ASEAN Business Advisory Council (ABAC) Arsjad Rasjid. China’s economic recession definitely impacts the Southeast Asian region, which has strong trade ties with the world’s second largest economy, he said. "What is important to see is that we are now looking at other nontraditional markets," Rasjid told Nikkei Assia, adding, "We've talked about Africa." With a population of over 1 billion, Africa is seen as filled with potential future markets by companies from the rest of the world. In late August, Indonesian President Joko Widodo made his first trip to Africa as leader of Southeast Asia's biggest economy. His tour to Kenya, Tanzania, Mozambique and South Africa marked a turn … [Read more...] about ASEAN businesses seek investment opportunities in Africa
Việt Nam loses US$350 million due to copyright infringement
Experts at the seminar on copyright infringement in Việt Nam. — Photo courtesy of the organiser Việt Nam ranks third in the region in terms of copyright infringement rate, with 15.5 million people regularly accessing pirated websites. In 2022, the problem of copyright infringement cost the country US$350 million. Phạm Hoàng Hải, Director of the Authority of Broadcasting and Electronic Information, a unit under the Ministry of Information and Communications, said that currently, copyright infringement is extremely complicated. There are a series of pirated websites for football tournaments as well as movies. According to data from SimilarWeb, there are currently about 70 pirated football websites, with more than 1.5 billion views in the years 2022 and 2023. SimilarWeb's data also shows that there are more than 200 pirated movie websites attracting about 120 million views per month, of which the top 10 have more than 66 million views per month. In particular, recently it was … [Read more...] about Việt Nam loses US$350 million due to copyright infringement
Stock market stable after strong changes
The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes
New Lotte mall expands operating terms amid growth in foreign retail
Lotte's largest retail complex in Vietnam has opened all establishment “We are committed to accompanying the socioeconomic development of Hanoi and Vietnam through investment activities, research, and development of more projects here,” said Shin Dong-bin, chairman of Lotte Group. Located in Hanoi, the $624 million complex combines a shopping mall with a hotel, cinema and aquarium, and has officially opened all establishments of the largest retail complex in Vietnam this month, is the 16 th supermarket of Lotte Mart in Vietnam, and the third branch of Lotte Mart in Hanoi. This is in light of the restructuring in China and stagnating sales in Korea. The move signifies Lotte's turn towards Southeast Asia. “1996 marked the beginning of Vietnam's Lotte Group with an investment contract for shopping malls and supermarkets, and now we have 19 member companies of Lotte in Vietnam,” he said. Lotte Shopping operates department stores, hypermarkets and supermarkets, e-commerce, … [Read more...] about New Lotte mall expands operating terms amid growth in foreign retail
EU to offer 5 support tools to Vietnam, address IUU fishing warning soon: new ambassador
The European Union (EU) will apply five assistance tools to Vietnam’s multifaceted development plan, as well as rapidly resolve its Illegal, Unreported and Unregulated (IUU) fishing ‘yellow card’ warning against the Southeast Asian country, the new EU ambassador to Vietnam recently announced. Ambassador Julien Guerrier was speaking at his first media meeting in Hanoi on Wednesday, one day after taking office and presenting his letter of credentials to Vietnamese State President Vo Van Thuong. Vietnam is an important EU partner in its Indo-Pacific strategy and the EU is one of Vietnam’s most reliable and long-standing friends and partners, Guerrier affirmed. The new ambassador pledged that during his four-year term, the EU will continue to help Vietnam realize its vision of becoming a developed economy by 2045 and achieving net-zero emissions by 2050. To that effect, the EU will provide Vietnam with five support tools, the first of which is to continue promoting the … [Read more...] about EU to offer 5 support tools to Vietnam, address IUU fishing warning soon: new ambassador