Vietnam retail report

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Vietnam reached more than 14 billion USD in foreign direct investment ( FDI ) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI). The ministry’s data showed that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, buy contributed capital of foreign investors reached 14.03 billion USD, as much as 91.1% over the same period in 2021. Of which, 752 new projects were granted investment registration certificates, down 6.5% compared to the same period, with a total registered capital of over 4.94 billion USD, down 48.2% over the same period. In addition, there were 487 projects registering to adjust their investment capital, up 5.9% over the same period, with the total additional registered capital reaching nearly 6.82 billion USD, up 65.6% compared to the same period last year. There were also 1,707 capital contributions and share … [Read more...] about Vietnam attracts more than 14 billion USD of FDI in H1

Vietnam's National Assembly Chairman Vuong Dinh Hue visited Albertirsa City on Sunday, where he had talks with Deputy Speaker of the Hungarian parliament István Jakab, concentrating on agricultural cooperation, as part of his ongoing visit to Hungary. Hue arrived in Budapest late on Saturday afternoon (local time) for an official visit from June 26 to 28, at the invitation of Hungarian National Assembly Speaker László Kövér, Nhan Dan (People) newspaper reported. In his meeting with Deputy Speaker Jakab, Hue thanked him for spending time accompanying the Vietnamese delegation’s visit to Albertirsa and a processing factory of Mirelite Mirsa Co. Ltd., an outstanding local enterprise in clean and green agriculture. The host and guest affirmed that the two sides should focus on promoting cooperation in agriculture, especially when Hungary has strengths in such fields as cultivation, processing, marketing, and distribution. They agreed that there remains ample room for the two … [Read more...] about Vietnam’s top legislator meets Hungarian parliament deputy speaker, focusing on agriculture cooperation

In the first six months of 2022, Vietnam Airlines has resumed flights to 14 countries and territories, including the UK, France, Germany, Australia, the US, Japan, Korea, Thailand, Malaysia, Singapore, Laos, Cambodia, Taiwan, and Hong Kong. Lately, the airline has opened a new route to India and is preparing the necessary conditions to immediately reopen flights to China, Myanmar, and Russia when the conditions permit. The national carrier is expected to resume flights to Indonesia in July and key international routes to Japan, Korea, and Australia in November at the same flight frequency as in 2019. It hopes that it will be able to restore the entire international flight network, equivalent to that in 2019 by the end of 2023. The gradual restoration of international flight routes is an opportunity for Vietnam Airlines to improve the usage efficiency of resources, increase revenue, improve production and business results, reduce losses, and aim at profits in the following years. … [Read more...] about Vietnam Airlines plans to restore its entire flight network by the end of 2023

Vietnam earned a score of 78.49 to rank 62 out of 165 countries and territories included in 2021 World’s Best Countries For Quality of Life recently released, moving up its ranking of 101st out of 171 countries in the previous edition. The ranking was determined based on 10 key categories: affordability, economic stability, family-friendly, a good job market, income equality, political neutrality & stability, safety, cultural influence, well-developed public education system and well-developed public health system. Each attribute was graded on a 100-point scale. Compared to Southeast Asia peers, Vietnam lags behind Singapore (19th place), Thailand (38th), the Philippines (39th), Malaysia (41st) and Indonesia (58th), though ranking above Myanmar (101st), Cambodia (111th) and Timor-Leste (149th). Laos was not included in the report. Finland tops the list with 99.06 points. Denmark and Norway each earned an overall score of 98.13 and 96.75 to complete the global top three. … [Read more...] about Vietnam leaps up global quality of life ranking

An additional 769 new Covid-19 infections were confirmed on Tuesday, raising the national tally to over 10.74 million, according to the Ministry of Health. Illustrative photo According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in the country with some localities seeing the highest numbers including Hanoi (158), Phu Tho (62), Nghe An (54), Bac Ninh (40), and Son La (40). As of Tuesday evening, the number of Covid-19 patients in Vietnam has increased to over 10.74 million. On June 28, an additional 6,653 more patients recovered from the disease, raising the number of recoveries in the country to over 9.66 million. On Tuesday evening, three Covid-related deaths were announced in Ben Tre (2) and Quang Ninh (1), bringing the total death toll to 43,087. By June 27, the country had injected more than 229 million doses of Covid-19 vaccines, including over 6.80 million given to children aged 5 to 11. … [Read more...] about Vietnam records 769 fresh Covid-19 infections on Tuesday

With the launch of its revamped offering, Kredivo and VietCredit pioneer by providing a very unique product in the Buy Now Pay Later space across the country, in line with its ambition to bring innovative payment solutions to the Vietnamese market, for the benefit of the Vietnamese people. According to Kredivo, the Vietnam e-commerce industry has some similarities with Indonesia in respect of the tremendous potential it represents as well as some of the challenges both face. In Indonesia, Kredivo has contributed to remove the obstacles of the country's online retail industry by introducing the most advanced digital credit payment method, enabling Kredivo’s 5 million+ users in Indonesia to get instant access to flexible and affordable credit, and the merchant partners also benefit from instant point-of-sale financing, powered by its unique 2-click checkout. That makes Kredivo a market leader with at least 50 percent Buy Now Pay later wallet share across most of the major Indonesian … [Read more...] about Kredivo introduces its newest payment methods in Vietnam

VASEP proposed practical solutions to decrease logistics cost in the near future Chairman of Vietnam Tourism Association Vu The Binh stated that to promote the recovery of this industry in the near future, there must be new interesting tour packages to attract international tourists, along with favorable conditions to welcome them to Vietnam. He proposed a working session between the tourism and aviation industries to introduce the most reasonable prices for these new packages. Deputy General Secretary of Vietnam Association of Seafood Exporters and Producers Nguyen Hoai Nam shared that the high fuel prices have created pressure on many businesses, and many fishermen have stopped their work. He suggested some solutions to reduce logistics cost, including digital transformation among member businesses, which was wholeheartedly welcomed by Minister Dung with the promise to support any needy enterprises in order to increase their competitiveness. Vice Chairwoman of Vietnam … [Read more...] about Vietnam collecting feasible solutions to boost production, trading, investment

The 769 new COVID-19 cases are all local infections, including 665 in the community, detected in Hà Nội (158), Phú Thọ (62), Nghệ An (54), Bắc Ninh (40), Sơn La (40), Đà Nẵng (38), Hồ Chí Minh City (32), Yên Bái (32), Lào Cai (27), Quảng Ninh (26), Hòa Bình (26), Hà Nam (21), Vĩnh Phúc (21), Bắc Kạn (17), Hưng Yên (16), Tuyên Quang (15), Cao Bằng (14), Thái Bình (13), Hải Dương (13), Quảng Bình (12), Ninh Bình (11), Thái Nguyên (11), Nam Định (11), Hải Phòng (9), Quảng Trị (8 ), Thanh Hóa (7), Khánh Hòa (6), Lạng Sơn (5), Lâm Đồng (5), Bà Rịa - Vũng Tàu (4), Điện Biên (4), Bắc Giang (3), Lai Châu (2), Bình Thuận (2), Bến Tre (2), Đồng Tháp (1), and Cà Mau (1). Three COVID-related deaths were announced in Bến Tre (2) and Quảng Ninh (1), bringing the total death toll to 43,087. … [Read more...] about 769 new COVID-19 cases, three more deaths reported on Tuesday

All agencies are asked to continue administering booster doses for those 18 and above, and to complete second doses for those aged 5-11 in August. VNA/VNS Photo. HÀ NỘI — There were 769 new COVID-19 infections recorded across Việt Nam on Tuesday, an increase of 132 new cases from Monday. The figure brings the total number of infections in the country to 10,744,854. All the new transmissions were domestic. Hà Nội again topped the country, with 158 new infections. The remaining cases were recorded in Phú Thọ (62), Nghệ An (54), Bắc Ninh (40), Sơn La (40), Đà Nẵng (38), HCM City (32), Yên Bái (32), Lào Cai (27), Quảng Ninh (26), Hòa Bình (26), Hà Nam (21), Vĩnh Phúc (21), Bắc Kạn (17), Hưng Yên (16), Tuyên Quang (15), Cao Bằng (14), Thái Bình (13), Hải Dương (13), Quảng Bình (12), Ninh Bình (11), Thái Nguyên (11), Nam Định (11), Hải Phòng (9), Quảng Trị (8 ), Thanh Hóa (7), Khánh Hòa (6), Lạng Sơn (5), Lâm Đồng (5), Bà Rịa - Vũng Tàu (4), Điện Biên (4), Bắc Giang (3), Lai Châu … [Read more...] about 769 new COVID cases reported on Tuesday

Processing and manufacturing are among the industries that attracted the most projects of foreign investment in Viet Nam. — Photo congthuong.vn Viet Nam reached more than US$14 billion in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI). MPI’s data showed that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, buy contributed capital of foreign investors reached $14.03 billion, as much as 91.1 per cent over the same period in 2021. Of which, 752 new projects were granted investment registration certificates, down 6.5 per cent compared to the same period, with a total registered capital of over $4.94 billion, down 48.2 per cent over the same period. In addition, there were 487 projects registering to adjust their investment capital, up 5.9 per cent over the same period, with the total additional registered capital reaching nearly $6.82 billion, up 65.6 … [Read more...] about Viet Nam attracts more than $14 billion of FDI in H1