The event is being organised by the Vietnam National Entrepreneur Association in collaboration with the Vietnam National Administration of Tourism - the Ministry of Culture, Sports and Tourism and reputable businesses in the tourism industry. Dr. Dinh Viet Hoa, president of the Vietnam National Entrepreneur Association and head of the organising committee said, "This summit will introduce opportunities and solutions for comprehensive tourism development, along with innovative technologies and training to guide tourism business activities." “The event is a response to government policies that aim to support startups and develop small and medium-sized enterprises in the tourism ecosystem,” Hoa added. Dr. Vu Tien Loc, chairman of the Vietnam International Arbitration Centre and honorary president of the Vietnam National Entrepreneur Association, said, "Tourism plays an important role in the economic and social development of countries around the world. Resolution … [Read more...] about New tourism industry summit set for October
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Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade
US Ambassador to Vietnam Marc E. Knapper (Photo: VNA) Hanoi (VNS/VNA) - On the back of the newly-signed Comprehensive Strategic Partnership between Vietnam and the US, American exporters are setting their sights on delivering a wider range of agricultural products to Vietnamese consumers. US Ambassador to Vietnam Marc Knapper said bilateral trade was growing steadily over the past decade, reaching 130 billion USD in 2022, of which 10 billion USD went to agriculture. Following the elevation of the relationship to a Comprehensive Strategic Partnership, there's no doubt that bilateral trade, particularly in the agricultural sector, would continue to thrive. In other words, a wider range of American agricultural products would make their way into Vietnam in the short term and so would Vietnamese products into the US. Francis Lee, a representative of the Washington Apple Commission, said American apples were in high demand in Vietnam with about 2 million baskets being … [Read more...] about Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade
Vietnam-U.S. Comprehensive Strategic Partnership heralds new waves of trade
U.S. Ambassador to Vietnam Marc Knapper said bilateral trade was growing steadily over the past decade, reaching 130 billion USD in 2022, of which 10 billion USD went to agriculture. Following the elevation of the relationship to a Comprehensive Strategic Partnership, there's no doubt that bilateral trade, particularly in the agricultural sector, would continue to thrive. In other words, a wider range of American agricultural products would make their way into Vietnam in the short term and so would Vietnamese products into the U.S. Francis Lee, a representative of the Washington Apple Commission, said American apples were in high demand in Vietnam with about 2 million baskets being consumed annually. Other products such as grapes and cherries were also gaining popularity among Vietnamese consumers. He expected that the upgraded relationship would facilitate the entry of more American fruits into Vietnam in the years to come. He said Vietnam and the U.S. could consider reducing … [Read more...] about Vietnam-U.S. Comprehensive Strategic Partnership heralds new waves of trade
Saigon Gourmet Week makes grand return
Building on the triumph of previous events and staying true to the Sofitel brand's authentic and lively food and beverage concept, this year's event brings together a remarkable gathering of nine Michelin-star and renowned celebrity chefs from across the globe. They will join forces in a delightful series of cooking classes, lunches, dinners, and an all-star chefs brunch, all thoughtfully hosted at the magnificent Sofitel Saigon Plaza. As part of Saigon Gourmet Week, a series of captivating culinary experiences awaits. Participants have the opportunity to join morning cooking classes led by expert chefs and relish a delightful lunch afterward. Moreover, guests can indulge in sumptuous 3-course lunches and extravagant 4-course dinners, meticulously prepared by Michelin star and celebrity chefs. For those with a taste for fine wines, there is the option to enjoy expertly curated wine pairings during the evening dinners. The highlight of the event is the All-Star Chefs … [Read more...] about Saigon Gourmet Week makes grand return
Vietnam’s nine-month GDP increases by 4.24%
Vietnam’s GDP in the first nine months of this year rises by 4.24% year-on-year. (Photo: VNA) Hanoi (VNA) – Vietnam’s gross domestic product (GDP) in the first nine months of this year rose by 4.24% from the same period last year, the General Statistics Office (GSO) announced on September 29. In the third quarter, the country's economic growth rate was estimated at 5.33% compared to the same quarter of 2022. The GSO assessed that although the nine-month growth rate is only higher than those in the same period of 2020 and 2021 in the past 12 years, it showed a positive trend of increasing gradually over the quarters: 3.28% in the first quarter, 4.05% in the second quarter and 5.33% in the third quarter. In the January-September period, the agro-forestry-fishery sector expanded by 3.72%, contributing 8.03% to the total added value of the entire economy. The growth rates of the industrial and construction sector and the service industry were 5.19% and 6.24% with … [Read more...] about Vietnam’s nine-month GDP increases by 4.24%
SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
An example of a SkyX Solar collaboration with An Phat At a seminar from September 12 to 17, held by the World Sports Goods Industry Federation and the Vietnamese Delegation in Geneva, distinguished brands like Adidas and Decathlon spotlighted Vietnam's crucial role in sustainable manufacturing, praising its robust workforce and rapid assimilation of advanced technologies. Leveraging its National Strategy for Green Growth 2021-2030, Vietnam is making substantial strides towards its sustainable development goals, with an emphasis on evolving its textile and footwear industries by 2035 to align with a circular economic model. This commitment resonates deeply with international sustainability standards, enhancing Vietnam's influence in the sustainable supply chain sector. The role of green certificates – which are emblematic of sustainable and responsible production and the use of renewable energy – is becoming increasingly crucial in today’s market. These certificates are … [Read more...] about SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
Branding music festivals requires breakthrough solutions
Hanoi plans to host more international music festivals, reinforcing its brand as a UNESCO Creative City. Several major music festivals are to be held in Hanoi and Ho Chi Minh City in the last three months of 2023, to build cultural brands and lure domestic and international tourists. The golden girls of the Korean BlackPink Band successfully held a two-night performance in Hanoi last month. Photo: Some Where In Hanoi However, hosting music events on a yearly basis - contributing to the development of the cultural industry - requires significant ground-breaking efforts. Building cultural brands In major cities worldwide, countless cultural events and music festivals are held each year, creating rendezvous and building their brands. Hanoi is not left out of this trend. In addition to Vietnamese rappers Suboi, JustaTee and MCK, the festival will feature the former lead singer of world-famous boy band Boyzone, Ronan Keating , and South Korean … [Read more...] about Branding music festivals requires breakthrough solutions
Vietnam posts trade surplus of 21.68 billion USD in nine months
During the January – September period, Vietnam exported some 259.67 billion USD worth of products, a year-on-year fall of 8.2%. Meanwhile, the country's imports totaled 237.99 billion USD, down 13.8% year on year. Regarding the structure of exported goods in the period, processed goods accounted for 88.3% of the total export value, with 292.22 billion USD. As for imported goods, materials for production made up 93.7% of the value, with 223.08 billion USD. The U.S. was the largest export market of Vietnam with 70.9 billion USD, while China was the largest import market of the Southeast Asian country with 79.1 billion USD. According to the Ministry of Industry and Trade, the drop in Vietnam’s exports was attributed to slow recovery of the global economy, falling demand and high interest rates in developed countries such as the U.S., E.U. nations and China, coupled with a tightened monetary policy and high levels of inventory. The ministry will continue to keep a close watch on … [Read more...] about Vietnam posts trade surplus of 21.68 billion USD in nine months
More consideration lent to US investment
Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment
Insights into Vietnam’s first AI-driven sales season
Khoi Le, country director for Vietnam, Meta Clearly, these mega sales are here to stay as the Asia-Pacific region, including Vietnam, recorded the highest sales day participation rate last year. Meta’s Seasonal Holidays Study survey indicated that up to 71 per cent of Vietnamese shoppers shop early to get significant discounts and 65 per cent are driven to participate in mega sales by the low prices and discounts on offer, which demonstrates their caution and the importance of sales during the current economic uncertainty. 58 per cent of shoppers increased their spending during this year's Lunar New Year holiday, showing an increase in spending of approximately $30 (VND700,000) on-year. It’s interesting to note that shoppers in Asia-Pacific are still spending despite caution around the global economy, and they’re more open to discovering new products and services during the sales season. This means businesses will need to rely on supercharging discovery more than ever. Our … [Read more...] about Insights into Vietnam’s first AI-driven sales season