Vietnam life ho chi minh city startups raise 1 1 billion in venture capital in 2021

During the meetings, Party General Secretary and President of Laos Thongloun Sisoulith, Prime Minister Phankham Viphavan, National Assembly Chairman Xaysomphone Phomvihane and President of the Lao Front for National Construction Central Committee Xinlavong Khoutphaythoun all spoke highly of the cooperation between the Vietnamese southern hub and Lao capital Vientiane as well as other localities of Laos. They affirmed that the Lao people are always grateful for HCM City’s support for and cooperation with not only Vientiane, Savannakhet and Champasak which have twin relations with the city, but also other Lao localities. The visit of the HCM City delegation will contribute to deepening the great friendship, special solidarity and comprehensive cooperation between the two countries, the Lao leaders said. They expressed a wish that HCM City will continue to share its experience in economic development with Vientiane and other Lao localities. The visiting HCM City official expressed … [Read more...] about Lao leaders appreciate Ho Chi Minh City-Vientiane cooperation

American technology company Intel has plans to broaden business and investment activities in Vietnam following the country’s good management of the COVID-19 pandemic, the Vietnam Government Portal (VGP) quoted Intel CEO Patrick Gelsinger. The Intel executive made the statement at a meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Friday. Vietnam is an attractive destination for foreign investors as it is a vibrant economy and a promising market, CEO Gelsinger said. He highlighted that Vietnam remains a charming investment destination in the eyes of foreign investors thanks to its dynamic economy, potential market, and industrious population. He appreciated the Vietnamese government’s efforts in creating favorable conditions for foreign investors, particularly its support for Intel to maintain production amid the pandemic time. Chinh, who visited Intel’s headquarters in California earlier this month, praised semiconductor chip manufacturer's investment … [Read more...] about Intel plans to expand investment in Vietnam

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts. A port in Vietnam (Photo: VNA) Vietnam’s signatory FTAs, especially recent agreements will promote trade breakthroughs and generate major trade surplus for 2022 and build momentum for 2022-23 in the process. Despite Vietnam’s challenges, exports recovered well in the first four months of 2022 to hit 122.4 billion USD, a year-on-year surge of 16.4 percent. The increase was attributed to business resilience and flexibility taking advantage of FTA parameters, notably the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), European Union-Vietnam Free Trade Agreement (EVFTA) and the Regional Cooperation Economic Partnership (RCEP) which took effect at the start of 2022. Nguyen Chanh Phuong, Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi … [Read more...] about Trade revenue set to eclipse 700 billion USD this year

Tourism authorities in Ha Giang Province, northern Vietnam have opened four new routes running through the Dong Van Rock Plateau in the hope of attracting more tourists to the northernmost mountainous region. The four include Quan Ba – Yen Minh, Yen Minh – Dong Van, Dong Van – Meo Vac, and Meo Vac – Du Gia. They are considered a true showcase of Ha Giang’s storied beauty. A stretch of the Ha Giang Loop in Ha Giang Province, Vietnam. Photo: Nhu Binh / Tuoi Tre The Ha Giang Loop has long been a favorite amongst motorbike-riding backpackers, but the establishment of the novel routes throughout the region will help to gradually open up the area to group tours and other visitors who prefer to travel by bus or car. From Quan Ba District to Yen Minh District Quan Ba District of Ha Giang sits in the southwesternmost area of the Dong Van Karst Plateau Geopark. To reach the Quan Ba Heaven Gate – a majestic overlook about 1,200 meters above sea level – visitors … [Read more...] about Explore the newest breathtaking routes in Vietnam’s Ha Giang Province

The administration of Binh Duong province, in collaboration with the Vietnamese Consulate General in Sydney and Becamex IDC Corporation, organized an investment promotion seminar in Sydney on May 27. Binh Duong promotes investment opportunities in Australia. (Photo: baobinhduong.vn) In his remarks, Consul General Nguyen Dang Thang introduced to Australian officials and businesses the potential for expanding trade and investment in Vietnam, affirming that the two countries have treasured a close relationship in various fields, including politics, diplomacy, trade and investment. Despite the impact of the COVID-19 pandemic, he said, two-way trade turnover between Vietnam and Australia reached a record high of more than US$12.4 billion in 2021, a year-on-year rise of 49.45%. The first four months of this year alone also saw bilateral trade grow impressively, reaching US$4.8 billion, up 32.37% compared to the same period of last year. With regard to investment, as … [Read more...] about Vietnam seeks Australian investment opportunities in Sydney

Check out the news you should not miss today: Society -- Sixty-three people were found using narcotics after police officers raided a club in Ho Chi Minh City in the small hours of Friday. -- Three sanitation workers and residents leapt into a lake to save a mother who was carrying her two children when she committed suicide by jumping off a bridge in the northern province of Thanh Hoa on Friday afternoon. -- A tree was uprooted in downtown Ho Chi Minh City, crushing a passing automobile during the prolonged rains and strong winds that hit Ho Chi Minh City on Friday evening. -- Police in the southern province of Binh Duong on Friday arrested two suspects for their involvement in a drug trafficking ring where over one kilogram of methamphetamine was confiscated. -- From January through April, the enforcement team at Ho Chi Minh City's bus stations, ferry terminals, and water terminals sanctioned five instances of smoking in public and warned 592 cases, the Center for … [Read more...] about Breakfast @ Tuoi Tre News – May 28

Increased fuel prices are wreaking havoc across the transportation industry in Vietnam as costs of once wallet-friendly alternatives, such as e-bikes, ride-hailing services, and budget airlines all steadily rise as a result. To combat the problem, the government is considering proposals to cut taxes on gasoline and oil, according to the National Assembly (NA). Ripple effect Nguyen Tri, sales manager for electric bike brand PG, explained that the increased price of e-bikes and e-scooters is due to the rising costs associated with transporting the bikes to sales outlets and distributors. According to Tri, PG had resisted raising rates at the beginning of the year despite spare part shortages and rising transport costs, but once fuel in Vietnam surpassed VND30,000 (US$1.28) per liter and transport operators hiked fees by 10 percent in March, the firm was left with no choice. “The increased prices of input materials, such as aluminum, steel, and electric wires have forced the … [Read more...] about E-bike buyers face serious sticker shock amid rising gasoline prices

Your browser does not support the audio element. A little girl has become an Internet sensation on Vietnamese social media after a video capturing her translating for her mother and a Vietnamese taxi driver went viral. In the video posted on Facebook by her mother last weekend, Swar Mnemosyne Ricafort, 6, translated her mother’s instructions for a Vietnamese taxi driver to reach a destination on Hai Ba Trung Street in District 1, Ho Chi Minh City. Gigi, her mother, is a Filipina who has been living in Vietnam for almost six years. “The taxi driver did not understand what I said so I asked her to translate. Otherwise we would not have been able to go anywhere. She knew that and had no option," Gigi told Tuoi Tre News on Wednesday. Ricafort speaks with the Vietnamese taxi driver in this viral video. But even Gigi was surprised by her daughter’s ability. “Then she started to speak in long Vietnamese sentences. I was so surprised that I thought I should film … [Read more...] about Little Filipino girl wins netizens’ heart with cute Vietnamese translation

After a year of not raising tuition fees due to the impacts of Covid-19, the Hanoi people's council passed a resolution on May 20 to hike public preschool and high school tuition fees for the 2022-23 academic year. The fees would double at first and subsequently increase by 20-40 percent every year. Sen, 43, lives in Hanoi’s Ha Dong District with her husband and two daughters, the other in 10th grade. She cleans houses for hourly wages while her husband is a laborer. They pay the highest tuition rate since their household registration is in Region 1, which comprises the capital’s inner districts. In addition, she may be required to pay VND300,000 ($12.93) per child per month for the following academic year, which is 1.4-2 times the current fee. Tuition fees for middle and high schools in Region 1 will gradually rise over the next three years to VND410,000, VND530,000, and VND650,000, respectively. Meanwhile, Sen and her husband's incomes fluctuate every month: Sometimes … [Read more...] about Hanoi parents brace for tuition hikes

The National Assembly will this week discuss how to provide more jobs for Vietnam’s citizens, Photo: Le Toan Over the past seven months, Nguyen Duc Minh has been in a lurch to feed his 4-member family, with his wife having had to stop working since late last year for a garment company in Hanoi. Before that time, Minh had been working for a Japanese company based in the capital’s Thang Long Industrial Park for four years. However, the company, producing electronics and plastics equipment, has made a staff cutback of 150 employees including Minh, whose monthly income was about VND7 million ($300). “The company had to reduce production caused by a decrease in export orders from Japan, South Korea, and some European markets,” Minh said. “I hope to be employed again by the company as I learned that the company is going to recover.” In Dong Anh district’s Kim Chung commune, home to Minh’s family, thousands of unemployed people are commonly seen now. They used to work in Thang Long … [Read more...] about All policies on table to ignite enterprises