Frozen shrimp production at a factory in the Mekong Delta province of Hau Giang. (Photo: VNA) HCM City (VNA) – Vietnam’s aquatic exports spiked 40% year-on-year to reach nearly 5.8 billion USD in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) has reported. The country earned more than 3.2 billion USD from aquatic exports in the second quarter of 2022, an increase of 36% from the same period last year. According to VASEP, shipments of shrimp picked up 7% – a quite modest pace – to total 450 million USD as a result of input shortages. Though, the sector experienced a strong growth of 33% in H1 to bring home 2.3 billion USD, accounting for 40% of the total seafood exports. Several producers have raised the shipments of high value-added processed shrimp products, instead of raw ones, to major markets like Japan, the US and the EU as a way to address input shortages. Exports of lobster posted a record-high 30-fold surge … [Read more...] about Aquatic exports spike 40% in H1
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Hanoi among Top 10 cities in Southeast Asia
Three major cities of Vietnam are distinguished with the annual prestigious awards of Travel & Leisure. The United States-based magazine Travel & Leisure has recently unveiled its 2022 Asia’s Best Awards with suggestions about the best travel destinations around the world. Accordingly, Hanoi, Danang, and Ho Chi Minh City are among the Top Ten “Best Cities in Southeast Asia” Hanoi- the thousand-year-old charming city President Ho Chi Minh Mausoleum in Hanoi. Photo: Cao Anh Tuan Ranked fifth on the list of Travel & Leisure , the charming capital city of Vietnam- Hanoi is a must-see travel destination for foreign travelers to the country. The fact is that the city is very peaceful and very welcoming to foreigners. It has a low crime rate, great tropical weather, and is easy to balance work life and fun, according to Bill Noland, an Aussie digital nomad in Hanoi. “It takes me around VND10 million or $428 for a convenient accommodation … [Read more...] about Hanoi among Top 10 cities in Southeast Asia
An Cuong works with Japanese partners to export wood to the US
An Cuong Wood Working JSC announces the cooperation agreement with Sumitomo Forestry American. — Photo courtesy of the firm Local timber producer, An Cuong Wood Working JSC, has announced a cooperation agreement with Sumitomo Forestry American, a subsidiary of Japan-based Sumitomo Forestry Group, to provide furniture for projects in the United States from 2022 onward. Sumitomo Forestry America has invested billions of dollars into the US market and owns many real estate and construction companies. The company planned to launch thousands of housing products in the US. According to An Cuong, the cooperation was expected to help it earn tens of millions of US dollars per year. An Cuong’s representative said: “It will be a great opportunity for An Cuong to boost its business activities in the largest economy in the world.” An Cuong chairman Le Duc Nghia said the firm exports some US$20 million worth of products stateside each year, estimating the cooperation with Sumitomo … [Read more...] about An Cuong works with Japanese partners to export wood to the US
What’s on July 4-10/2022
MUSIC & PERFORMANCES HCM City- Performance by Vietnamese-French violinist Jul 9, HCM City Opera House, Vietnamese-French violinist Stephane Tran Ngoc will be the featured soloist in the “A Night of Italian Spirit” concert. REC TOUR 2022 June – July 2022 From the organizer: AboutREC VietNam: REC Viet Nam grows from REC Room – A music management and event production team based in Hanoi. REC ROOM was formed in 2014 as a DIY audio recording studio, but has since developed into a community-driven music production team, with particular focus on; live music events, contemporary musical subcultures, management, tour production, and audio/video production for artists based in Vietnam. ____________________________________________________ EXHIBITION HCM City- Photo exhibition highlights beauty of Spratly Archipelago Until Jul 18, 122 Suong Nguyet Anh Street, District 1 The … [Read more...] about What’s on July 4-10/2022
Tien Giang’s export turnover up 18.5% in H1
According to Acting Director of the provincial Department of Industry and Trade Dang Van Tuan, foreign-invested enterprises accounted for 80% of the province’s total export turnover. The province has so far attracted 326 projects with a total registered investment capital of VND 82.4 trillion (USD 3.5 billion), including 129 foreign-invested ones worth a combined USD 2.73 billion. Tuan attributed the export growth to attractive investment policies and timely assistance to enterprises along with the diversification of export markets. Local businesses have been also encouraged to expand exports to countries that are part of free trade agreements which Vietnam is a member of, he said, adding that the province will continue to strengthen trade promotion and facilitate the export of key agricultural products with competitive advantages such as rice, processed seafood and specialty fruits. Tuan also said that the province has set the target of an average export growth rate of 7-8% … [Read more...] about Tien Giang’s export turnover up 18.5% in H1
WHA Industrial Zone 1 in Nghe An ready to welcome tech giant Compal
Compal’s executives paid a visit to Nghe An to explore the feasibility of investment in the locality. WHA Industrial Zone 1 - Nghe An, owned by Thailand’s WHA Group, has the potential for developing tech manufacturing activities thanks to its advantages of modern infrastructure, transport connectivity, and environmental care. WHA Industrial Zone 1 is developed with high-quality standard infrastructure and world-class facilities. The 143.5-hectare Phase 1 of WHA Industrial Zone 1 has been completed with a high occupancy rate. Meanwhile, it is on track to complete the second phase with 354.5-hectare in October. Given that Compal is looking for a 50ha manufacturing site, the second phase of WHA Industrial Zone 1 could be ideal for Compal to kickstart its new manufacturing facility in Vietnam. WHA Industrial Zone 1 in Nghe An Ever since its initiation as a PC peripheral supplier in 1984, Compal has grown to its present scale with outstanding management and solid research … [Read more...] about WHA Industrial Zone 1 in Nghe An ready to welcome tech giant Compal
Five local destinations win Asia’s Best Awards
Among the Top 10 leading cities in the Southeast Asian region, Vietnam boasts three representatives in the list, including Hanoi , Ho Chi Minh City , and Da Nang . Bangkok and Chiang Mai of Thailand were named in the list together with five destinations from different cities and territories. Phu Quoc and Con Dao were named among the Top 10 leading islands in the Southeast Asian region, alongside Phuket of Thailand, Bali of Indonesia, and Palawan of the Philippines. The latest ranking marks the first time that Travel + Leisure has awarded Asia’s Best Awards for destinations, hotels, resorts, restaurants, and bars according to the votes made by readers between January and April this year./. VNA … [Read more...] about Five local destinations win Asia’s Best Awards
Binh Phuoc posts nearly 700 million USD in H1 trade surplus
The factory of the Far Eastern New Apparel Vietnam Co. Ltd in Bac Dong Phu Industrial Park of Binh Phuoc province (Photo: VNA) Binh Phuoc (VNA) – Binh Phuoc , a province in the southern key economic region , recorded a trade surplus of nearly 700 million USD in first half of 2022, according to the provincial People’s Committee. The administration said thanks to proactive moves to ensure material supply for manufacturing and diversify export markets, local businesses have maintained the strong recovery trend and enjoyed good exports growth. They exported over 1.95 billion USD worth of goods in H1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’s target. Meanwhile, the import turnover stood at 1.26 billion USD. The People’s Committee noted though there remain difficulties in export markets and goods flows, thanks to the experience gained during the long social distancing period in 2021, businesses have gradually ensured material supply … [Read more...] about Binh Phuoc posts nearly 700 million USD in H1 trade surplus
Vietnam to solidify macro-economic stability: PM
Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM
ASEAN plus police music gala 2022 to popularize People’s Police
He made the statement at a working session with the event’s organizing board on July 2. The gala is part of a series of activities organized by the Ministry of Public Security to mark the 60th anniversary of the traditional day of the Vietnam People’s Police (July 20). It aims to strengthen cultural and music exchanges and improve mutual understanding of national identity, country, and people; the work of the Vietnam People's Police in particular as well as the forces of other ASEAN and its partners in general. The gala will take place on July 9-10 on pedestrian streets around Hoan Kiem (Returned Sword) Lake in Hanoi capital. It will bring together police music groups from ASEAN members such as Laos, the Philippines, Brunei, Myanmar, and Vietnam, in addition to those from Japan and China. Lieutenant Colonel Trinh Anh Thong of the ceremonial troupe of the ministry said more than 120 policemen had spent two months preparing for the event, adding that they will try to improve the … [Read more...] about ASEAN plus police music gala 2022 to popularize People’s Police