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Remittances contributed by migrants account for 5% of Vietnam’s gross domestic product (GDP). International migration and internal migration in Vietnam have long played a very important role in the country’s socioeconomic development and they will continue to do so. Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam, shared that view with The Hanoi Times . Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam. Photos: IOM Vietnam “If you look at the GDP, up to 5% of the country’s GDP comes from remittances contributed by international migration and that’s only recorded remittances, so it should be a lot more,” she said. For that reason, when the migration governance is done right and well, there’s a lot of positive development and contributions to Vietnam when they return and with their remittances, Park added. In addition, there’s also a recognition that … [Read more...] about Migration significant to Vietnam’s socio-economic development: IOM

South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up 96% year on year. Vietnam imported nearly 8.9 million tons of oil and petroleum products in 2022 worth $9 billion, nearly double that of the previous year, according to the General Department of Vietnam Customs (GDVC). Locals buying petrol products at a gas station in Hanoi. File photo In December 2022, the country imported nearly 950,000 tons of oil and petrol products worth $823 million, up 22% in quantity and 11% in value against November. Diesel made up a lion’s share of the imported volume with 4.74 million tons, accounting for 54% of the country's imported petroleum in 2022. In 2022, the country consumed 1.7 million tons of gasoline, 2.3 times more than in 2021; and 1.46 million tons of jet fuel, representing 2.2 times on-year, and 16% of imported oil. South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up more than 96% year on year; … [Read more...] about Vietnam spends US$9 billion on oil imports in 2022

The Ministry of Culture, Sports and Tourism’s Van Hoa newspaper published his apology on Friday, which said it was a personal story and not meant to offend anyone. The comedian and director of the Vietnam National Drama Theater had posted "Mother’s slap" three days earlier to seemingly take a potshot at people who criticized his TV show. In the story, a woman cooks "banh chung" (glutinous square rice cake) every year for Tet, but her son, who does not know how to make it himself, always criticizes it. It read: "This year is no exception. At 8pm on Lunar New Year’s Eve, I criticized the cake after the first bite. My mouth has two sides, one to chew on ‘banh chung’ and the other to criticize the cake. "Not really because the cake is not delicious, not necessarily because it is bad, but because it is not what I imagined, it is not what I wanted. I criticize it because I have the right to criticize, because it is my mother’s responsibility to cook cakes as I want them." In the … [Read more...] about Vietnam’s famous comedian apologizes to TV audiences

The Ho Chi Minh Communist Youth Union, the largest organization of young people in Vietnam, will plant 20 million trees this year, said first secretary of the Central Committee of the union Bui Quang Huy. The Central Committee of the Ho Chi Minh Communist Youth Union on Saturday cooperated with the Party Committee and the People’s Committee of Hoa Binh Province in northern Vietnam to launch the Tet tree planting movement. At the launching ceremony, Huy informed that young people nationwide would plant 1.9 million trees on the day. In Hoa Binh alone, young people planted 30,000 trees. This is the first step to realize the target of planting 100 million trees in 2022 – 27, heading toward the prime minister’s plan to cultivate 100 million trees. Huy also asked each young person to plant, take care of, and protect at least a tree in their workplaces, schools, and residences. He required the Ho Chi Minh Communist Youth Union at all levels to come up with solutions to apply … [Read more...] about Vietnam’s youth union to plant 20mn trees in 2023

Commerce Minister of Thailand Jurin Laksanawisit made the statement following a meeting in Brussels with the E.U. Trade Commissioner Valdis Dombrovskis. Dombrovskis wrote on Twitter that both sides want a comprehensive, high-quality agreement, with ambitious and sustainable provisions. The E.U. is now Thailand's fifth largest trade partner, behind ASEAN, China, the U.S. and Japan. Two-way trade hit 41 billion USD last year, of which, Thailand’s exports to the E.U. totaled 22.8 billion USD, mostly computers, equipment and spare parts; gemstones and jewelries, air conditioners and components, rubber products and electronic circuit boards. Thailand currently has 14 FTAs with 18 countries, including the Regional Comprehensive Economic Partnership (RCEP) that came into effect early last year. On December 15, 2022, the two sides signed the Thailand-E.U. Partnership and Cooperation Agreement (PCA) to promote bilateral cooperation. Source: VNA … [Read more...] about Thailand, E.U. to resume FTA talks in March

The number of cases reported during the holiday, from January 20 to the morning of January 27, was down 1.5% from the same period during last year's Tet holiday. Among the injured, 11 people died, according to the ministry. Cases of hospitalization due to traffic-related injuries rose from last year's holiday, but the number of deaths dropped. Among the 30,000 cases of hospitalization due to traffic-related injuries this year, 235 people died. Following the week-long Tet holiday, over 381,200 people have been hospitalized nationwide, a 38% increase from the same period last year. Vietnam's Tet holiday this year ran from January 20 to January 26. … [Read more...] about 3,500 hospitalized during Tet due to fighting

According to the results of a recent salary survey conducted by Navigos, nearly 27% of respondents said salaries of middle- and senior-level employees will rise by from 5% to less than 10%, more than 23% said salaries will remain unchanged, more than 15% said salaries will increase by less than 5%, and nearly 12% said they will rise by 10% to 15%. Global Salary Survey 2023 conducted by Robert Walters in 31 countries, including Vietnam, said 88% of companies are willing to increase salaries by 15-25% this year. For employees in some sectors like the digital industry, salary hikes could be as high as 35% during the year. According to Navigos, many businesses are still in the post-pandemic recovery phase, and so have not been able to sharply increase salaries for their employees. However, over 50% of the surveyed firms said they will improve policies on salary, bonuses, allowances, and other benefits such as flexible working hours, educational opportunities, promotions, and … [Read more...] about Salaries of mid- and senior-level employees to rise by 5-25%

Specifically, Hoi An in the Central province of Quang Nam occupied the second place on the list as part of the annual Travelers' Choice Best of the Best Awards, following Cuba, while the southern metropolis secured 11th place. The category reveals destinations with the greatest year-over-year growth in interest on Tripadvisor based on travelers' reviews over a 12-month period between November 1 and October 31. "Hoi An on the central Vietnamese coast is a well-preserved example of the important Southeast Asian trading port it was from the 15th-19th centuries," Tripadvisor commented. "Already a common stop for backpackers, it is becoming better known to tourists." Meanwhile, Vietnam's bustling largest metropolis of Ho Chi Minh sets the cultural and economic pace for the country, Tripadvisor said, adding the former Saigon boasts charming French colonial architecture and wide boulevards. The U.S.-based travel site advised tourists to visit the War Remnants Museum at 28 Vo Van Tan … [Read more...] about Hoi An, Ho Chi Minh City among world’s top 25 trending destinations in 2023: TripAdvisor

"It's not just the coffee," said the American magazine, "but the hundreds of handwritten notes that adorn most every surface." Located at 64 Luong Van Can Street right next to Hoan Kiem (Sword) Lake in the heart of Hanoi, the entire coffee shop is covered with colorful post-it notes written by its customers. The notes are mainly inspirational quotes or comments about the lessons of life left by visitors from around the world. The three-story café attracts passers-by with its red signboard, views of Hoan Kiem Lake and nearby pedestrian zone. "Make sure to try a cup of egg coffee, which is more delicious than it sounds," Newsweek recommended. In addition to signature egg coffee, the café serves fresh juice, smoothies, snacks and sweet cakes with prices ranging from VND30,000-50,000 ($1.28-$2.13). The list also included Coffee 101 in Colombia, Majestic Café in Portugal, Café Sofa in the Czech Republic, Blacklist Coffee Roasters in Australia and The Roastery by Nozy Coffee in … [Read more...] about Hanoi coffee shop among world’s quirkiest: US weekly magazine

A screenshot of the Clay Matthematics Institute announcing its new research fellows Paul Minter (L) and Pham Tuan Huy. Pham Tuan Huy was awarded the Clay Research Fellowship along with Paul Minter, the Clay Mathematics Institute announced Friday. Huy would become a Clay Research Fellow for five years starting July 1, the institute said on its website. Those awarded with the fellowship would be provided with salary and research expenses. Huy has become the second Vietnamese to be honored by the institute. Vietnamese-French mathematician Ngo Bao Chau and Gérard Laumon received the 2004 Clay Research Award for their proof of the Fundamental Lemma for unitary groups. Huy, born 1996, will receive his PhD from Stanford University this year. He has published 28 articles on numerous journals on mathematics. He was an alumnus from the VNU-HCM High School for the Gifted, and won gold medals twice at the International Mathematical Olympiad in 2013 and 2014. The Clay Mathematics … [Read more...] about Vietnamese mathematician receives Clay research fellowship