Professor Hidetoshi Nishimura, President of the Economic Research Institute for ASEAN and East Asia (ERIA), shares his thoughts with VET on Vietnam's economy past, present and future. ■ How would you compare Vietnam’s economic development with other countries in ASEAN and East Asia? Vietnam has performed well compared with its neighbors. According to figures from the World Bank’s World Development Indicators, May 2018, GDP growth over the 2000-2016 period averaged 6.4 per cent annually, ranking an impressive fourth within ASEAN, behind only Myanmar, Cambodia, and Laos. If we take a longer-term view of GDP growth in Asia, from 1990 to 2016, Vietnam ranks second only to China. Further, growth of industry value-added (GDP-by-industry) has also risen, at a level in the middle of the range among ASEAN countries. Notably, Vietnam has also been able to grow in an equitable and inclusive manner. The poverty rate is among the lowest in ASEAN countries, at 2.6 … [Read more...] about Vietnam well placed to grow
Vietnam places to see
Vietnam to hold ceremony to see off athletes to ASIAD 2018
Marksman Hoang Xuan Vinh, one of the most prominent athletes of Vietnam at ASIAD 2018 (Source: soha.vn) Hanoi (VNA) – A ceremony to see off the Vietnamese delegation to the 2018 Asian Games (ASIAD 2018) in Indonesia will take place at 7pm on August 9, according to the Vietnam National Olympic Committee and Vietnam Sports Administration. The delegation will consist of 523 people, including 352 athletes, said head of the delegation Tran Duc Phan at a press conference held on August 8. The athletes aim to snatch at least three gold medals. At the press conference, Vice Chairman of the CMG.Asia Phan Ngoc Huy presented a sponsor package worth 600 million VND (about 25,780 USD) to the delegation. … [Read more...] about Vietnam to hold ceremony to see off athletes to ASIAD 2018
Vietnam appeals to foreign hotel giants
Many international hotel brand names have made their presence in Vietnam in the wake of the robust development of the country’s tourism sector and infrastructure. InterContinental Danang Sun Peninsula Resort in Danang city The first half of this year alone witnessed many famous brands to come to Vietnam. Mandarin Oriental, which is one of the world’s luxury hotel groups, announced cooperation with Union Square Saigon to develop its first high-end hotel in Vietnam, which is named Mandarin Oriental Saigon in Ho Chi Minh City and due to open by 2019. Best Western, one of the world’s largest hotel management groups, also signed an agreement with FLC on attaching Best Western Premier brand to FLC’s hotel now under construction in the central province of Quang Binh. Aman Resorts, a premier resort chain, made forays into Vietnam through joining hands with local partner Novaland Group to put the Azerai luxury hotel chain into operation in May. InterContinental … [Read more...] about Vietnam appeals to foreign hotel giants
Visitors go in droves to mountainous province to see ‘Crystal cloud’
A large number of people trekked to the remote rice terraces of the northern province of Yen Bai to see an installation in the form of a "crystal cloud" created from 58,000 shimmering beads. The exhibition is the first of its kind in Vietnam and the second in the world after the Crystal Cloud installation created by artists Andy Cao and Xavier Perrot at Swarovski Crystal World in Austria. Artist Andy Cao said "It was our pleasure to work with the owner of the field, and receive supports from the local authority. This is our first project in Vietnam and a dream that we will never forget." Vu Chi Bao, a tourist from Ho Chi Minh City said "this is such a unique exhibition. I have never seen such an installation like this in the open air. It is amazing watching the sunlight reflect on the water and the crystals." The Crystal Cloud is made of hand-sculpted galvanised wire mesh and adorned with 58,000 Crystal Cloud – La Pán Tẩn 2018, a landscape art … [Read more...] about Visitors go in droves to mountainous province to see ‘Crystal cloud’
Russia wants to see more Vietnamese tourists during World Cup
Football-loving Vietnamese tourists can visit Russia with ease for this year’s FIFA World Cup which takes place from June 14 to July 15. Volga River Cruise is one among recommended tours for Vietnamese tourists to discover Russia. — Photo russia-cruises-travel.com More favourable visa policies and special tours will be offered for the football spectacle, said the Russian Centre for Science and Culture in a seminar in Hanoi on Friday to promote tourism and introduce the special offers for Vietnamese fans. Representatives of the Russian Embassy, travel agents and airlines attended the event. “It should be noted that for the first time in its history Russia will become the host country of the world football championship, so we prepare carefully for the event,” said Russian Andrey Yurievich in Vietnam Vadim V Bublikov. “Especially for the championship in Russia, 12 stadiums have been made ready, meeting all modern requirements. In addition, more than one … [Read more...] about Russia wants to see more Vietnamese tourists during World Cup