Stock market crash 4 signs

The Vietnam Tourism Association (VITA) and the Korea Tourism Organisation of the Republic of Korea (KTO) sign a Memorandum of Understanding (MoU), Hanoi, September 28 (VNA) Hanoi (VNA) – The Vietnam Tourism Association (VITA) and the Korea Tourism Organisation of the Republic of Korea (KTO) signed a Memorandum of Understanding (MoU) on bolstering tourism cooperation in Hanoi on September 28. Accordingly, the two sides will share information related to tourism policies, market trends, statistics, bolster exchanges among businesses in the fields, and jointly organise promotion activities like tourism fairs, seminars and famtours, among others. Under the MoU , members of VITA will receive support in developing tours to the RoK, improving the tours' quality of tourism programmes and ensuring rights and benefits for Vietnamese tourists when travelling to the RoK , while enhancing service quality for Korean tourists in Vietnam. Vu The Binh, Chairman of VITA, said the … [Read more...] about Vietnam, RoK sign MoU to strengthen tourism cooperation

The index closed 1.7% points higher. It has dropped nearly 39 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND13.96 trillion ($575.20 million). The VN30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained. VIC of private conglomerate Vingroup rose 4.1%, followed by BCM of Becamex Investment and Industrial Development with a 3.4% increase. VRE of retail real estate arm Vincom Retail rose 2.6% and VPB of private lender VPBank closed 2.4% higher. Fourteen blue chips fell. CTG of state-owned lender VietinBank lost 2.6% and SSI of leading brokerage SSI Securities Corporation dropped 1.5%. Foreign investors were net sellers to the tune of VND537 billion, mainly selling CTG and VCI of Viet Capital Securities. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.38%. … [Read more...] about VN-Index steadies after stormy week

International tourists are becoming increasingly drawn to Ho Chi Minh City. (Photo: VNA) Hanoi (VNA) – International tourists are becoming increasingly drawn to Ho Chi Minh City where they can discover its vibrant blend of cultures through standout tours. Of the total 25 million tourist arrivals that the city hosted during January – August, there are nearly 3 million foreigners, up 105.2% year-on-year. Local tourist sites such as Ben Thanh Market , Sai Gon Central Post Office , and the War Remnants Museum have been favoured among the visitors. Zuzanna Henel and Klaudia Witkowska from Poland said they are impressed by the “Biet dong Sai Gon” (Sai Gon Special Task Force) tour developed by Vietluxtour, during which they got a better understanding of Vietnam’s war time as well as stories about Sai Gon heroes. Visiting HCM City for the fourth time in ten years, Allan Andersen from Demark said he wants to enjoy walks along the streets as well as local foods such as … [Read more...] about HCM City increasingly appealing to foreign visitors

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

Vietnam sent over 56,800 labourers to work abroad in the first seven months of 2022 (Photo: VietnamPlus) Hanoi (VNA) – Vietnam sent over 56,800 workers, including 21,238 females, abroad to work under labour contracts over the first seven months of 2022, equivalent to 63.2 percent of the target set for the year. According to data from the Ministry of Labour, Invalids and Social Affairs (MoLISA), Japan, Taiwan (China) and the Republic of Korea (RoK) remained the largest recipients of Vietnamese labourers during the reviewed period. With the number of workers going to work abroad continuing to remain stable, Vietnam’s plan to send 90,000 labourers to work abroad this year is completely feasible, the ministry said. Due to the impact of COVID-19, last year, Vietnam completed only 50 percent of its yearly target in labour export with 45,058 workers sent abroad. Thanks to wide-scale vaccination against COVID-19 and the changes in pandemic control strategies towards … [Read more...] about Over 56,800 Vietnamese labourers sent abroad in 7 months

The two sides expressed their pleasure at growth in trade, with two-way trade value reaching nearly 6.8 billion USD in 2022 and nearly 3.3 billion USD in the first half of this year, affirming Brazil’s position as Vietnam’s leading and most promising partner in Latin America. The two sides agreed to raise two-way trade to 10 billion USD by 2025 and 15 billion USD by 2030. They also consented to continue promoting the beginning of negotiations over a free trade agreement between Vietnam and the Southern Common Market ( MERCOSUR ), to strengthen business, trade, and investment cooperation between Vietnam and MERCOSUR member countries. Prime Minister Chinh proposed that Brazil create the necessary conditions to increase the importation of Vietnamese products, to contribute to ensuring balanced trade between the two countries, and to soon complete the process of Brazil recognizing Vietnam’s market economy status. The two sides also agreed to promote the signing of an agreement … [Read more...] about Prime Minister holds talks with Brazilian President

Vietnamese labourers wait for boarding procedures at the airport. (Photo: VNA) Hanoi (VNA) – Vietnam is speeding up negotiations with Hungary in a bid to sign an agreement on sending and receiving Vietnamese labourers in the European country – an emerging market drawing great interest from labourers. Statistics from the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs, Vietnam has sent workers to Hungary since 2018. So far, more than 2,700 Vietnamese labourers have been dispatched to the market, with the number of workers increasing year on year, reaching 1,148 in the first nine months of 2023. The department has licenced 25 businesses to recruit and send Vietnamese labourers to Hungary. Vietnamese labourers have engaged in many sectors in Hungary, including construction, manufacturing-processing, wood processing, agriculture and hotel and restaurant services. They have enjoyed good salaries and social welfare in the country. … [Read more...] about Vietnam looks to increase labour exports to Hungary

Talking to Saigon Giai phong newspaper, Huy provided specific details about cooperation agreements signed between Vietnamese government agencies and U.S. corporations during Prime Minister Pham Minh Chinh's recent official visit to the U.S., which focus on enhancing design capabilities, product development, and training human resources serving the semiconductor industry. NIC has signed three significant memorandums of understanding (MOUs) with U.S. partners, Huy said. Among them, the MoU with Synopsys aims to support the development of a chip design incubation center. Meanwhile, the MoU with Cadence Design Systems Inc was designed to promote the semiconductor and electronics industry in Vietnam. Through this collaboration, NIC will provide Vietnamese universities, training centers, and startups with the necessary technology and training programs to design and develop semiconductor products. Through the MoU with Arizona State University (ASU), NIC and the university will … [Read more...] about Vietnam looks to attract foreign high technology “eagles”

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