Vietnam homewares trade fair

Vietnam promotes its tourism at TRAVEX trade fair in Indonesia (Photo: VNA) Jakarta (VNA) - Vietnam lauded its bountiful tourism options at the Travel Exchange (TRAVEX) trade fair, part of the ASEAN Tourism Forum (ATF) 2023 in Yogyakarta, Indonesia, from February 2-5. With a 54-sq.m pavilion, themed “ Vietnam-Timeless charm ” and “Live fully in Vietnam”, the country aims to lure visitors, while helping travel firms resume connectivity with their partners after the COVID-19 pandemic. It also spotlights the 2023 national tourism year to be hosted by the south-central province of Binh Thuan, home to the beach resort town of Mui Ne. TRAVEX is one of the most important activities within ATF 2023, attracting the attention of international partners, businesses and tourists. As the biggest annual tourism event in the ASEAN region, the ATF is attended by top industry policy makers, practitioners and suppliers of ASEAN-based tourism products and services. Hanan … [Read more...] about Vietnam promotes tourism options at top trade fair in Indonesia

Accordingly, Vietnam’s exports to other Asian countries reached USD 177.26 billion in 2022, up 9.5% year-on-year. The country’s imports from other Asian nations hit USD 298.03 billion, up 9.6%. Vietnam saw a trade deficit with only Asia among the five continents. Major trade partners of Vietnam in Asia include China, the Republic of Korea, Japan, and the Association of Southeast Asian Nations (ASEAN). According to preliminary statistics of the General Department of Customs, Vietnam's total import-export value of goods reached USD 730.2 billion last year, up 9.1% compared to 2021. The value of imports and exports between Vietnam and Americas, Europe, Oceania, and Africa was USD 153.73 billion (up 10.5%), USD 75.45 billion (up 2.8%), USD 17.62 billion (up 24.3%) and 8.1 billion (down 3.9%) respectively. Source: VNA … [Read more...] about Vietnam – Asia trade reaches nearly USD 475.3 billion in 2022

Vietnam set a target to earn US$393-394 billion in export revenue in 2023, up $22 billion or six percent over last year, said Phan Van Chinh, head of the Agency of Foreign Trade under the Ministry of Industry and Trade. At a conference on domestic production and consumption promotion and export market expansion held by the Ministry of Industry and Trade on Friday, Chinh said that the target is challenging as the local export sector has been facing many shortcomings, such as high but unsustainable growth and trade deficits with some large markets. To reach the target, the industry and trade sector should take measures to boost exports, and bilateral and multilateral cooperation activities to seek new markets and exploit the export potential of sectors in which Vietnam has advantages, Chinh added. In addition, it is essential to foster trade promotion in the domestic market and the distribution of goods via digital and e-commerce platforms to encourage consumption and develop … [Read more...] about Vietnam eyes up to $394bn in export revenue in 2023

The ivory, which was mixed in together with a batch of cow horn, was imported from Nigeria to Lach Huyen Port in Hai Phong. Nguyen Huu Dung, a customs official in Hai Phong, said when screening the cow horn, customs officers had detected abnormal signs. As a result, they used specialized tools to check the shipment more carefully and found the hidden ivory. Major General Vu Trung Kien, deputy commander of Vietnam’s Coast Guard, said signs of a ring trading and smuggling ivory from Nigeria to Vietnam had emerged since mid-October last year and the Coast Guard tightened inspections since then. The Coast Guard and police are investigating the ring further. Vietnam outlawed the ivory trade in 1992, but the country remains a top market for the product, which is prized for decorative and medicinal purposes, according to conservation groups. Vietnam is among the top 10 countries and territories in terms of wildlife trafficking, according to a December 2017 study by wildlife trade … [Read more...] about Coast Guard seizes 500kg of ivory smuggled into Vietnam from Nigeria

The signing of the Treaty of Waitangi on February 6, 1840. (Photo: nzhistory.govt.nz/media/photo/the-signing-of-the-treaty) Hanoi (VNA) - The ambassador of New Zealand to Vietnam, Tredene Dobson, has written an article on the occasion of New Zealand's Waitangi Day (February 6). The following is the full text of the article. "All countries are unique – they all have a thousand big and small things that make them special. And most countries have a national day where the people of that nation come together to celebrate those special attributes and qualities.  One of the things that makes Aotearoa New Zealand unique is that we don’t have a national day – not officially anyway. Not one day set down in law – different to all of the other public holidays – that carries the weighty title of ‘national day’. We do have ‘Waitangi Day’ though – a day so special and unique to our country that it is often regarded by international friends as our national day. Waitangi Day marks the … [Read more...] about Waitangi Day reflections on New Zealand – Vietnam Partnership

Accor Vietnam intends to double the number of international-standard hotel s in Vietnam. - Illustrative image (Photo: baodautu.vn) Hanoi (VNA) - Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years. Representatives of Accor and IHG said Vietnam is a very attractive country to invest in, and foreign investment has been quite robust over the past few years. There is huge potential for developing the hotel sector in the Southeast Asian nations. Xavier Cappelut, Vice President of Operations of Accor Vietnam, said the firm has plans to welcome 41 more hotels and resorts in its chain in Vietnam within the next five years. The hotel market received a great number of domestic visitors from the first half of 2022 due to the loosening of pandemic regulations, he said, adding that the demand has … [Read more...] about World’s leading hotel groups to double down on investment in Vietnam

Foreign Minister Bui Thanh Son (R) and Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno at the meeting (Photo: VNA) Jakarta (VNA) - Vietnam will work with other ASEAN member states to discuss, agree on processes, procedures and necessary measures to support Timor Leste to become an official member of the group soon, Foreign Minister Bui Thanh Son said. FM Son made the statement during a a meeting with Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno on February 4 on the sideslines of the ASEAN Foreign Ministers' Retreat (AMM Retreat) in Jakarta, Indonesia. The two sides agreed to promote exchange of delegations at all levels, soon hold the first meeting of the Joint Commission for Bilateral Cooperation at the ministerial level as agreed in the Framework Agreement on Technical and Economic Cooperation in April 2010,  implement signed agreements, and accelerate negotiations and … [Read more...] about Vietnam to help Timor Leste soon become official member of ASEAN: FM

It will not be easy to keep inflation at 4.5% this year as targeted, economic expert Nguyen Bich Lam, former General Director of the General Statistics Office (GSO), has said. Inflationary pressure for Vietnam's economy in 2023 is "huge" and comes from many factors, he said in an interview with the Vietnam News Agency (VNA). People queue up at a petrol station in Hanoi. (Photo:VNA) The demand-pull and cost-push inflation will put pressure on the country's efforts to control inflation amid surging demand and strengthening of the US dollar which yields increased import prices. Demand for petrol and electricity – the two important commodities for production and consumption – will increase in 2023. The domestic electricity price has been kept unchanged for the past few years, while the price of coal and gas used in the production of electricity has increased, he said, noting that thermal and gas power account for a large proportion of the total generated electricity. … [Read more...] about Vietnam faces huge inflationary pressure in 2023: expert

The nation will work alongside other ASEAN member states to discuss, agree upon processes , procedures, and necessary measures aimed at supporting Timor Leste to become an official member of the bloc, Foreign Minister Bui Thanh Son said. Minister Son made the statement during a meeting with Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno on February 4 on the sidelines of the ASEAN Foreign Ministers' Retreat (AMM Retreat) in Jakarta, Indonesia. Foreign Minister Bui Thanh Son (R) and Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno at the meeting Foreign Minister Bui Thanh Son (R) and Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno at the meeting Both sides consented to intensify the exchange of delegations at all levels, hold the first meeting of the Joint Commission for Bilateral Cooperation at the ministerial level in … [Read more...] about Vietnam ready to help Timor Leste become ASEAN official member

The 2019 ASEAN Tourism Forum Travel Exchange (Travex), which will be held in Quang Ninh province on January 16 - 18, 2019. The Vietnam National Administration of Tourism has called for local travel agents’ registration for Travex 2019. Accordingly, the travel exchange will feature 450 pavilions of ASEAN nations, including 100 booths of host Vietnam. Ha Long Bay, Quang Ninh province. Travex is among the most long-standing annual travel fairs in ASEAN as part of the ASEAN Tourism Forum (ATF). Quang Ninh province will host the ATF 2019 from January 14-19 next year under the theme “ASEAN: The Power of One”. It provides a platform for tourism firms of Vietnam and ASEAN to meet and strengthen cooperation with more than 400 international buyers and reporters from major tourism markets such as the US, Europe and Northeast Asia, among others. The ATF is a cooperative regional effort to promote the Association of the Southeast Asian Nations (ASEAN) region as one tourist … [Read more...] about Vietnam ready for ASEAN Tourism Forum Travel Exchange