The latter half of the year is set for a substantial rebound, riding on the back of Q2's initial recovery signs. The bank's outlook for 2023 remains steady, with a GDP growth estimate of 5.4 per cent. Standard Chartered anticipates September’s figures to marginally outpace those of August, predominantly buoyed by retail sales. The forecast details an impressive 8.2 per cent annual growth in September's retail sales, though exports might dip by 6.2 per cent. Imports are slated to shrink by 7 per cent, while industrial production growth could see a surge to 3.2 per cent. Furthermore, the trade surplus might slim down to a mere $1.3 billion. The inflation index is set to tick up to 3.2 per cent on-year from August's 3 per cent, steered primarily by the education, housing, and food sectors. Conversely, transport-led inflation appears to be subsiding. In the tourism front, Vietnam welcomed approximately 7.8 million international travellers in 2023's initial eight months, closely … [Read more...] about Vietnam’s Q3 GDP poised for growth, Standard Chartered reports
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Promising future of Vietnam-Brazil cooperative relations
The article posted on website reporteasia.com wrote that Vietnam and Brazil have maintained long-lasting and stable cooperative relations since the two countries established diplomatic ties on May 8, 1989.(Photo: VNA) Havana (VNA) - Over the past 34 years, relations between Vietnam and Brazil have continuously been developing, with enhanced political trust and mutual understanding, according to an article posted on the website reporteasia.com. Since then, there have been many high-level delegation exchanges between the two nations, notably, the official visit to Brazil in May 2007 by then General Secretary of the Communist Party of Vietnam Nong Duc Manh and the visit to Vietnam in July 2008 by Brazilian President Luiz Inácio Lula da Silva. Leaders of the two nations also met on various occasions, and pledged to further strengthen the bilateral ties. Most recently, Prime Minister Pham Minh Chinh met with President Lula da Silva on the sidelines of the expanded G7 Summit in … [Read more...] about Promising future of Vietnam-Brazil cooperative relations
Parliamentary diplomacy – crucial link in France-Vietnam relations: parliamentarian
PM Pham Minh Chinh (R) and French President Emmanuel Macron in the Vietnamese leader's visit to France in 2021. (Photo: VNA) Paris (VNA) – Parliamentary diplomacy is an important link in the cooperation between France and Vietnam, said President of the France-Vietnam Friendship Parliamentary Group (FVFPG) Anne Le Hénanff. France , saying that since upgrading their relationship to a strategic partnership in 2013, the two countries have enjoyed flourishing relations. According to the parliamentarian, diplomatic relations have been marked by the exchange of many high-level delegations, contributing to renewing the strategic partnership . The most recent significant event was Prime Minister Pham Minh Chinh’s visit to France in November 2021. On this occasion, both sides issued a joint statement on further deepening the strategic partnership. The two governments have repeatedly demonstrated a strong political will to promote bilateral cooperation. Vietnam and France … [Read more...] about Parliamentary diplomacy – crucial link in France-Vietnam relations: parliamentarian
In Vietnam, man gives artifacts a second life
Old artifacts are not only valuable, but also a keepsake for many families. Many people would be extremely sad if an artifact was damaged for some reason. In such cases, they may eventually find their way to an expert like Nguyen Khac Duy. Ten years ago, the man, now 34, who lives in Sa Dec City in the Mekong Delta province of Dong Thap, returned to his hometown after completing his military service and assisted his family business in trading artifacts. Noticing that the supply of artifacts was dwindling over time, Duy thought of finding solutions to repair damaged items, which would allow his family to sustain their business for a long time to come. Giving old things a second life In the early days of trying to repair damaged artifacts, Duy's lack of confidence meant he only fixed his own artifacts for fear of further harming customers’ precious items. However, after some time, as the artifacts he repaired became more common, more and more collectors came to ask him to … [Read more...] about In Vietnam, man gives artifacts a second life
Vietnam eyes $10bn trade with Brazil by 2025: PM Pham Minh Chinh
Vietnamese Prime Minister Pham Minh Chinh called on Brazilian enterprises to beef up trade and investment activities in Vietnam to fully tap the great cooperation potential between the two countries, with the aim of boosting two-way trade to US$10 billion by 2025. PM Chinh was speaking at a powwow with representatives of Brazilian businesses in Sao Paulo on Sunday morning (local time) after he and his entourage arrived a day earlier for a four-day official visit at the invitation of President Lula da Silva. “The political relationship between our two countries is very good, but trade and investment relations are still not comparable, as there is still a lot of room for cooperation that has yet to be tapped,” the PM said at the event. Last year, the trade turnover between the two countries reached $6.78 billion, with Vietnam mainly importing from Brazil. Such bilateral trade remained modest as Brazil is the largest South American country with a population of 214 million people, … [Read more...] about Vietnam eyes $10bn trade with Brazil by 2025: PM Pham Minh Chinh
Vietnam’s 54 ethnic minorities featured on Google Arts
Visitors can gain a deeper insight into Vietnam's rich and diverse ethnicity through the virtual photo exhibition. Two hundred photographs of women in traditional costumes from 54 Vietnamese ethnic groups, taken by renowned French photographer Réhahn, are being displayed for the first time on Google Arts' online digital museum - Google Arts & Culture. This portrait of a Red Dao woman was taken by Réhahn in Sapa, Vietnam's northern province of Lao Cai. The photo exhibition of 54 Vietnamese ethnic groups called "Precious Heritage" is divided into eight categories, including the costumes and cultures of ethnic groups living in the north, south, central, and southeastern regions and the art of indigo cloth dyeing of ethnic people in northern Vietnam. The captions are written in three languages-Vietnamese, English, and French-and introduce the different characteristics, lifestyles, and customs of each ethnic group, helping viewers better understand the … [Read more...] about Vietnam’s 54 ethnic minorities featured on Google Arts
Promising future of Vietnam – Brazil cooperative relations
The article wrote that Vietnam and Brazil have maintained long-lasting and stable cooperative relations since the two countries established diplomatic ties on May 8, 1989. Since then, there have been many high-level delegation exchanges between the two nations, notably, the official visit to Brazil in May 2007 by then General Secretary of the Communist Party of Vietnam Nong Duc Manh and the visit to Vietnam in July 2008 by Brazilian President Luiz Inácio Lula da Silva. Leaders of the two nations also met on various occasions, and pledged to further strengthen the bilateral ties. Most recently, Prime Minister Pham Minh Chinh met with President Lula da Silva on the sidelines of the expanded G7 Summit in Japan in May 2023. The relationship between the parliaments and the Parliamentary Friendship Groups of the two countries has also been developing, contributing to the expansion of the Vietnam - Brazil collaboration, through the signing and implementation of 16 cooperation agreements … [Read more...] about Promising future of Vietnam – Brazil cooperative relations
Roadshow promotes Vietnam – Australia trade, education cooperation
The event, held as part of the activities to celebrate the 50th anniversary of the Vietnam - Australia diplomatic relations, drew more than 100 representatives from Australian universities, education establishments, food enterprises, as well as those from local branches, sectors, restaurants, hotels, retailers, importers, universities and colleges. Rebecca Ball, Senior Trade and Investment Commissioner of Australia, said that the event is expected to serve as a booster for the Vietnam - Australia trade through new cooperation opportunities in education and agrifood. Similar roadshows were held in March in Hanoi, Hue and Da Nang, attracting more than 400 businesses, associations and education establishments, producing encouraging outcomes, so Austrade has high expectations that the September program will have noticeable impacts on bilateral trade, Ball said. Meanwhile, Vice Chairman of the provincial People’s Committee Le Huu Hoang expressed his hope that the roadshow will enhance … [Read more...] about Roadshow promotes Vietnam – Australia trade, education cooperation
Thailand, Vietnam to collaborate in fight against fake news
At the meeting between Thai Minister Attached to the Prime Minister's Office Puangpet Chunlaiad and Vietnamese Minister of Information and Communications Nguyen Manh Hung. (Photo: VNA) Bangkok (VNA) – Thailand will join hands with Vietnam to combat fake news, Thai Minister Attached to the Prime Minister's Office Puangpet Chunlaiad has said. The information was disclosed by Puangpet after her meeting with Vietnamese Minister of Information and Communications Nguyen Manh Hung to gain an insight into its anti-fake news initiatives. The meeting took place on the sidelines of the 16th Conference of the ASEAN Ministers Responsible for Information (AMRI) and the 7th AMRI Plus Three Conference in the central city of Da Nang, Vietnam, from September 22-23. She praised Vietnam for setting up a committee to fight fake news on social media. According to Puangpet, combatting fake news is one of the main items before the AMRI meeting, adding Thailand also supports the Guidelines on … [Read more...] about Thailand, Vietnam to collaborate in fight against fake news
Hanoi inks tourism agreement with northern provinces, cities
In January-August, Hanoi welcomed nearly 17 million visitors, up 36% on-year. Hanoi and four northern provinces and cities on September 24 inked a joint agreement to boost the tourism sector. Foreign tourists at Hanoi's Temple of Literature. Photo: Pham Hung/The Hanoi Times The agreement, signed by the provinces of Lao Cai, Hai Duong, Quang Ninh and the coastal city of Haiphong, aims to combine cross-regional values and leverage each locality's advantages to create outstanding tourism products and services for the Northwest and Northeast regions. "Tourism cooperation among localities is essential to boost socio-economic growth post-pandemic," said Ha Van Thang, director of Lao Cai Provincial Tourism Department. The five cities and provinces have long-term partnerships in the tourism sector . Their main products include spiritual and cultural tourism. Under the agreement, the cities and provinces will strengthen information and communication in … [Read more...] about Hanoi inks tourism agreement with northern provinces, cities