Improvement report sample

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

According to Director of the Hue Relics Preservation Center Hoang Viet Trung, under the Nguyen Dynasty, the rituals marked the end of the lunar New Year holiday and the start of work and normal activities. The Neu pole was erected on the 23rd day of the 12th lunar month, marking the beginning of Tet. It coincides with the day when the Kitchen Gods are believed to ride a carp to Heaven to report on events from the past year. During 143 years of its reign (1802 – 1945), the Nguyen Dynasty held an annual ceremony to plant the Neu at the Imperial Citadel. The pole carried ritual items on its top, like a royal seal, a paper scroll and pen, which implied that the royal court stopped working during Tet. After the royal ceremony, ordinary people would erect their own Neu and start celebrating Tet. The Neu was intended to ward off ghosts and demons from entering the community during Tet, and guide the spirits of ancestors on the way home for the lunar New Year festival. The custom is also … [Read more...] about Neu pole lowering, seal opening ceremony celebrates new 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

Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29. In addition, the prices of goods, food and foodstuffs went up during the final lunar month to prepare for the longest annual holiday and domestic fuel prices rose to global levels, contributing to the rise of the index. January’s CPI increases 0.52% due to high Tet demand (Photo: VNA) This month’s CPI increased by 4.89 % year-on-year, while the core inflation in January inched up 5.21%. Among the 11 main commodity groups, nine marked a month-on-month increase in prices, and the rest registered a decline. Transport services reported the highest rise of 1.39 %, followed by beverage and cigarette with 1.12%. The prices of catering, other goods and services, apparel, footwear and hat, gold prices, restaurant services, cultural activities, and … [Read more...] about January’s CPI increases 0.52% due to high Tet demand

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

A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products

An art performance at the festival (Photo: VNA) Hanoi (VNA) - A festival was held at the Dong Da Culture Park in Hanoi on January 26 (the fifth day of the first lunar month) to mark the 234th anniversary of the Ngoc Hoi-Dong Da victory over Chinese invaders. In 1789, under the leadership of Emperor Quang Trung (also known as national hero Nguyen Hue), Tay Son troops defeated 290,000 Qing invaders, liberating the imperial city of Thang Long and regaining national independence and freedom. Since then, the fifth day of the first lunar month has become the traditional day marking the historic victory. The Ngoc Hoi–Dong Da victory has also gone down in Vietnamese history as an immortal and epic struggle for national construction and defence. Dong Da Mound reportedly witnessed fierce battles between Emperor Quang Trung’s soldiers and the Chinese invaders 234 years ago. The festival is designed to uphold the country’s cultural values, while educating young … [Read more...] about Festival marks 234th anniversary of Ngoc Hoi-Dong Da victory

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