Speedtest global index

Illustrative image (Photo: VNA) Binh Phuoc (VNA) - The index of industrial production (IIP) of the southern province of Binh Phuoc in the first five months of 2023 increased by 6.5% year-on-year, the provincial Department of Statistics reported. The four key sectors, namely the mining; processing and manufacturing industry; electricity, gas, hot water, steam and air conditioner production and distribution; water supply and waste and waste treatment recorded stable growth , respectively expanding by 7.5%, 6.6%, 4.2%; and 10.3% in the Jan - May period. In May alone, the province’s IIP rose by nearly 3% month-on-month, and 7.1% over the same period last year, the department said. According to the provincial People’s Committee, it has taken measures to remove difficulties for local production and business activities; and effectively implemented the economic recovery and development programme in the province, focusing on mobilising resources for carrying out projects … [Read more...] about Binh Phuoc’s industrial production index up 6.5% in five months

Hanoi (VNA) - As many as 103 restaurants were honoured with four award categories, including four highly regarded Michelin-starred restaurants. The Michelin Guide has officially opened a new era for Vietnamese cuisine with the partnership of Sun Group as the destination partner. Restaurants honoured by Michelin Guide in Vietnam Up to 70 Michelin Selected restaurants, three individuals awarded the Michelin Guide Special Awards, 29 Bib Gourmand restaurants (good quality, good value cooking), and four Michelin-starred restaurants in Hanoi and Ho Chi Minh City (HCM City) have been officially announced. Mr. Gwendal Poullennec - International Director of Michelin Guide “The first selection in Hanoi and Ho Chi Minh City highlights the differences and variety in what these two cities have to offer. Hanoi, the capital of Vietnam, offers a very laid back and relaxed vibe with small shops and restaurants found mostly in the old quarter. Traditional Vietnamese … [Read more...] about Sun Group contributes to elevating Vietnamese cuisine to global level

Vietnamese Foreign Minister Bui Thanh Son (front, centre) at a session of the OECD Ministerial Council Meeting 2023 (Photo: VNA) Paris (VNA) – Minister of Foreign Affairs Bui Thanh Son is taking part in the Organisation for Economic Cooperation Development (OECD) Ministerial Council Meeting 2023 in Paris on June 7 - 8. Minister Son attended the event as representative of Vietnam – co-chair of the OECD Southeast Asia Regional Programme, at the invitation of OECD Secretary-General Mathias Cormann and the UK’s Foreign Secretary James Cleverly. Themed “Securing a Resilient Future: Shared Values and Global Partnerships”, the meeting is the most important event of the OECD in 2023, attracting the participation of ministers of the OECD member states and guest countries, along with leaders of the European Commission and many international organisations. Addressing the event, the Vietnamese official emphasised that sustainable and inclusive growth is secured only when … [Read more...] about Vietnam makes suggestions at OECD Ministerial Council Meeting 2023

Clients at a transaction office of BIDV. The bank's shares tumbled nearly 1.5 per cent on Thursday, leading the down trend. — Photo vietnamplus.vn Shares retreated from the morning trade on Thursday, weighed by strong selling activities after the VN-Index surpassed the key psychological level of 1,100 points. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the recent rallies to trade lower at 1,101.32 points, down 8.22 points, or 0.74 per cent. It had gained more than 34 points in the last five days. The breadth of the market switched to the negative zone, with 216 stocks slumping, while 127 ticker symbols finished higher. Liquidity, however, soared to the highest in the last six months. Particularly, the trading value on the southern bourse was nearly VND23.7 trillion (US$1 billion), equivalent to a trading volume of more than 1.3 billion shares. Many stocks in the VN30 basket, which tracks the 30 biggest ticker symbols in market … [Read more...] about Market corrects on profit-taking activities

The event connects 14 service providers in the cross-border e-commerce industry to bring together solutions to support Vietnamese businesses to promote exports via e-commerce. — VNS Photo Viet Nam could see its e-commerce export revenues rise to VND296.3 trillion (US$12.5 billion) by 2027, heard the 2023 Cross-Border E-Commerce Conference in Viet Nam in Ha Noi on Wednesday. Amazon Global Selling and Viet Nam E-commerce and Digital Economy Agency (iDEA), Ministry of Industry and Trade kicked off their Cross-Border E-Commerce (CBEC) Conference in Viet Nam in response to growing demand from Vietnamese businesses and to empower them to capture the rising CBEC opportunity. With the theme “Embrace Asian Experience, Vietnamese Brands Go Global”, held in Ha Noi on Wednesday and HCM City on Friday, the event will include a CBEC conference to share the most updated insights and information about the e-commerce export industry, a connecting day for 14 services providers in many services … [Read more...] about Supporting businesses to promote online exports

In this competition, five out of 19 Vietnamese teams at primary and secondary schools excellently won awards and four others were in the Top 20. The People’s Army Newspaper has had an interview with Dr. Tran Viet Hung, the co-founder of the organization about the championship. The VEX WORLDS 2023, drawing more than 30,000 students from over 50 countries and 50 U.S. states, is a big tournament in the world. Asked about the initial idea of STEAM for Vietnam - a U.S. non-profit organization, U.S. Center (under the U.S. Embassy and Consulate in Vietnam), and the Hanoi University of Science and Technology about this playground, Dr. Tran Viet Hung emphasized the importance of STEAM education for those engaged in technology and to help hone students' thinking effectively and unlock their potential. He mentioned Bill Gates, Elon Musk, Mark Zuckerberg as good examples in early getting use of computer and technology. He confirmed that with deep knowledge, people fear nothing and dare to … [Read more...] about Project inspires Vietnamese students to dream big

At the meeting (Photo: VNA) Brussels (VNA) - Executive Vice President of the European Commission (EC) Valdis Dombrovskis, who is also Trade Commissioner, has affirmed that the European Union (EU) has regarded Vietnam as its important partner in the region, and called the Southeast Asian nation a model in impressive trade cooperation, especially after the EU-Vietnam Free Trade Agreement (EVFTA) came into force in 2020. Speaking at a meeting with the ASEAN Brussels Committee ( ABC ) in Brussels on June 6, Dombrovskis noted that the EU will increase its investment in Vietnam, particularly in significant such areas as just energy transition, and sustainable development. Vietnam’s Vice Ambassador to Belgium Vu Thu Thuy emphasised that the EU is an important partner of Vietnam, and trade cooperation remains a bright spot and a pillar of the bilateral ties. After the coming into force of the EVFTA , the two-way trade has grown more than 30% annually despite uncertainties in … [Read more...] about Vietnam a model in trade cooperation: EC official

Vietnamese consumers are also becoming more discerning and value conscious (Photo: VNA) Hanoi (VNS/VNA) - Vietnam remains an attractive market for retailers as Vietnamese consumers remain optimistic about the economic challenges and are driving premium purchases. Vietnamese consumers’ overall optimism remained one of the highest among countries globally, according to global management consulting firm McKinsey. McKinsey wrote in a recent article on its website that Vietnamese consumers were optimistic that the country’s economy would rebound within two to three months and grow just as or even more strongly than before the COVID-19 pandemic. There was also a clear intent by consumers to “splurge” and treat themselves, with more than 70% of respondents saying they intend to increase spending on categories of products or services they spent less on over the past year and a half. It was estimated that more than half of the Vietnamese population would enter the global middle … [Read more...] about Vietnam remains an attractive retail market: reports

Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry speaks at the opening ceremony of the exhibition. (Photo: VNA) Hanoi (VNA) – The 11th Hanoi International Plastic, Rubber, Printing, and Packaging Industry Exhibition (Hanoi PlasPrintPack 2023) was opened in Hanoi on June 8, attracting 200 companies with 340 booths. The companies are from 11 countries and territories including China, India, Indonesia, Japan, Malaysia, the Philippines, Taiwan (China), Hong Kong (China), Thailand, the UK, and Vietnam. Speaking at the opening of the exhibition, Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry, said that along with the development of the domestic manufacturing industry, the plastic, packaging, and printing industries also see rapid growth. They are supporting industries with great potential and require high-tech products, modern production processes, and management to increase competitiveness in the market. Ho Duc … [Read more...] about Over 200 companies join Hanoi PlasPrintPack 2023

Vietnam’s e-commerce export revenue is currently experiencing a remarkable annual growth rate exceeding 20 percent and is projected to reach VND296.3 trillion (US$12.6 billion) by 2027. The forecast was released at the Vietnam Cross-border E-commerce Conference 2023 held in Hanoi on Wednesday by the E-commerce and Digital Economy Agency under the Ministry of Industry and Trade in collaboration with Amazon Global Selling, a program that enables merchants to list and sell their products across the world on U.S. e-commerce giant Amazon’s marketplaces. In her remarks at the event, Lai Viet Anh, deputy director of the E-commerce and Digital Economy Agency, highlighted the flourishing global trend of cross-border e-commerce, which is gaining momentum in numerous countries worldwide. “In Vietnam, the retail e-commerce sector demonstrates an annual growth rate of more than 20 percent annually,” Anh said. With this impressive growth rate, Vietnam possesses immense potential for the … [Read more...] about Vietnam’s e-commerce export revenues grow over 20% per year: conference