Vietnam

A diversified network of free trade agreements (FTAs) that Vietnam is a part of serves as a significant boost for the country's exports. Vietnam stays on track to realize the export growth target of US$368 billion for this year amid severe impacts from the Russia-Ukraine conflict on global supply chains, according to the Ministry of Industry and Trade (MoIT). Processing catfish for exports. Photo: Giang Lam The ministry’s data as of September 15 revealed the combined export turnover stood at $265.34 billion, up 17.82% year-on-year, while imports rose by 13.15% to $260.7 billion, resulting in a trade surplus of nearly $4.64 billion. Deputy Director of the MoIT’s Import-Export Department Tran Thanh Hai noted the Regional Comprehensive Economic Partnership (RCEP) that took effect in early 2022 is vital for Vietnam to diversify export markets. Hai added the deal with the participation of China would help Vietnam source cheaper input materials, … [Read more...] about Trade ministry eyes Vietnam’s exports to end 2022 on a high note

Mr. Dam speaks at the event Today ( Sep 26 ), the opening ceremony of the Horasis 2022 India Economic Cooperation Forum with the theme: Dynamic Vietnam - New Vision took place at the Convention and Exhibition Center in the Southern Province of Binh Duong. Deputy Prime Minister Vu Duc Dam, Secretary of State, Ministry of Foreign Affairs of India Rajkumar Ranjan Singh, leaders of the Binh Duong provincial Party Committee and the People's Committee, representatives of central ministries and agencies, and more than 500 businessmen, Indian investors and economic experts were attending the event. According to Deputy Prime Minister Vu Duc Dam, Vietnam has made great achievements with an increase in Gross Domestic Product (GDP) from US$4 billion to nearly $400 billion in 2022 after nearly four decades of renovation. Vietnam has gradually built a fairly solid economic foundation, showing its ability to adapt in the most difficult times, especially during the Covid-19 pandemic. As … [Read more...] about Vietnam – ideal destination for foreign investors

The pandemic and geopolitical tensions have caused supply chain issues for Vietnamese manufacturers. How have these impacted BASF? CEO Erick Contreras BASF has been negatively affected by the increased costs of natural gas and other raw materials, especially in Europe. We have also experienced supply chain disruption and logistic issues, impacting raw material supplies and delivery timelines to our customers. The price surge due to inflation and currency exchange has impacted our customer affordability and price acceptance, leading to reduced demand and consumption, especially for export, for many Vietnamese manufacturers. We will keep monitoring the situation and work closely with our customers and partners across the value chain to ensure business continuity with minimal disruptions to their operations and businesses. How did these changes affect BASF’s business and commitments to Vietnam, and what has it done to respond to those changes? Despite all … [Read more...] about BASF Vietnam commits to sustainable funding strategy

Tours to conquer Ta Xua and Ta Chi Nhu, two of the 15 highest mounts in Vietnam, were launched in Tram Tau district of northwestern Yen Bai province on September 25. Ta Chi Nhu is the sixth highest mountain of Vietnam (Photo: baoyenbai.com.vn) The activity was held on the occasion of Yen Bai’s receiving UNESCO certificate recognising the art of Xoe dance of Thai ethnic minority group as an Intangible Cultural Heritage of Humanity and Muong Lo Culture-Tourism Festival. The trekking tour on the 2,979m Ta Chi Nhu, the sixth highest mountain of Vietnam in Hoang Lien Son Range, lasts two days and one night. The first tour has drawn more than 20 climbers. Along the 10-km path to the top of the mountain, tourists will have a chance to enjoy the spectacular beauty of cloud and mountains blending with the wind and sunlight, as well as a sea of purple Chi pau flower, a typical flower in the area that blossoms in mid-September. Meanwhile, the journey to … [Read more...] about Yen Bai launches tours to conquer two of highest mountains in Vietnam

At the start of the new school year, there is a shortage of English teachers not only in public schools but also in private centers for foreign language teaching in Ho Chi Minh City and southern localities, though teachers are being offered great advantages. Tran Ngoc Duc, deputy director of H123 English Afterschool Center with eight branches in Binh Duong Province bordering Ho Chi Minh City, said his network of centers is back in operation since March after being closed for six months due to the COVID-19 pandemic. However, more teachers have been recruited since then as the number of existing teachers cannot meet learners' demands. Most foreign language centers are suffering from a shortage of both Vietnamese and foreign teachers. At the same time, at the beginning of the new school year, the number of students has increased by one and a half times, sometimes even two times, compared to pre-pandemic levels. Income increases of 30 percent for recruitment According to … [Read more...] about Southern cities and provinces in Vietnam short of English teachers

Heineken Vietnam Brewery Company inaugurates the Southeast Asia's largest brewery in Ba Ria- Vung Tau on September 24. — Photo courtesy of the firm Heineken Vietnam Brewery Company inaugurated its brewery in Ba Ria- Vung Tau. This is Southeast Asia's largest brewery, which uses 100 per cent renewable energy. Alexander Koch, CEO of Heineken Vietnam Brewery Co said in early 2020, the People's Committee of Ba Ria- Vung Tau province approved increasing the investment capital by VND1.65 trillion, bringing total capital to VND9.15 trillion (more than US$381 million). In 2017, the brewery was acquired by Heineken Vietnam from Carlsberg, with a capacity of 30 million litres per year. Now the factory has increased its capacity 36 times compared to before, to 1.1 billion litres per year. The Heineken Brewery Project has a total area of ​​40 hectares, operated with a high degree of automation, with innovative products being produced and introduced to the market. The brewery is on track … [Read more...] about Heineken Vietnam inaugurates SEA’s largest brewery in Vung Tau

Thailand was the most favored destination by Russian tourists with the number of air ticket bookings accounting for 38.7%, followed by Indonesia (10.9%), Vietnam (10.8%), the Philippines (5.5%) and Turkey (5.1%), Russia Travel Digest newspaper reported, citing OneTwoTrip's data of customer bookings with departures between December 31 and January 8, 2023. In the first eight months of this year, only 14,600 Russian tourists visited Vietnam, accounting for 1% of total foreign arrivals. In 2019, the year before the onset of the Covid pandemic, Vietnam received a record 646,000 tourists from Russia, making it the sixth largest tourism source after mainland China, South Korea, Japan, Taiwan, and the U.S. After the Russia-military conflict broke out in February, charter flights from Russia to Vietnam have not resumed. Currently, Russian tourists only come to Vietnam in small groups. They have to transit in Uzbekistan and Kazakhstan before taking a flight to Hanoi or Ho Chi Minh … [Read more...] about Vietnam a popular New Year destination for Russians

The Chu Lai Airport in Quang Nam Province will be closed from 7 a.m. Tuesday to 7 a.m. the following day. The airports of Da Nang, Phu Bai, Phu Cat and Pleiku, located respectively in Da Nang, Thua Thien Hue, Binh Dinh and Gia Lai will be closed from Tuesday to Wednesday noon. A Vietnam Airlines spokesperson said all its flights departing from the five airports will be suspended. Flights to and from Vinh, Dong Hoi, Buon Ma Thuot, Da Lat and Tuy Hoa towns in nearby areas may need to be rescheduled, the spokesperson said, adding that changes in the operation schedule will also impact some flights from other airports. A spokeswoman for Vietjet Air also said that flights to and from the five airports will be temporarily halted at the instruction of aviation authorities. All Vietnamese carriers have encouraged travelers to look out for storm-related information so as to plan their journey. Forecast course of storm Noru towards central Vietnam. Graphics by Vietnam … [Read more...] about Five central Vietnam airports closed as storm Noru approaches

The storm was in the southeastern region of the Paracels archipelago at 4 a.m. Tuesday, with maximum winds of 166 kph, up from 149 kph the previous night. The National Center for Hydro and Meteorological Forecasting said the storm would continue to move west at 20-25 kph on Tuesday and could get stronger. Its maximum wind speed could increase to 183 kph at 4 p.m. Tuesday, when it is around 300 km from Da Nang and 250 km from Da Nang’s southern neighbor Quang Nam, home to Hoi An and Cua Dai beach. By 4 a.m. Wednesday, the storm would move a bit south, raging along the coast from Quang Tri to Binh Dinh Provinces, with maximum winds of 166 kph. It is forecast to hit central provinces in the coming hours before weakening into a tropical depression and then a low pressure zone over Thailand. The area most affected by the storm would be Quang Tri, Thua Thien Hue, Da Nang, Quang Nam and Binh Dinh. Japan weather forecasting center said the storm would make landfall from Thua Thien … [Read more...] about Storm Noru strengthens, to approach Vietnam with 183 kph winds

Moving to low-carbon rice production offers the highest potential for Vietnam to meet its goal of cutting methane emissions by 30% by 2030 while boosting the competitiveness of a strategic export item, a new World Bank report says. Farmers harvest rice in O Mon district of Can Tho city (Photo: VNA) The report, titled “Spearheading Vietnam’s Green Agricultural Transformation: Moving to Low-Carbon Rice,” suggests that Vietnam can transform the rice sector by cutting greenhouse gas (GHG) emissions, improving resource efficiency and yields, boosting resilience, and diversifying production. Such transformation will require significant investment and major policy reforms to align incentives and coordinate behaviours of stakeholders at all levels. “The agricultural sector, despite all its successes, is an important contributor to GHG emissions in Vietnam,” said Carolyn Turk, World Bank Country Director for Vietnam, during the launch of the report in the “Integrated … [Read more...] about Low-carbon rice production helps Vietnam meet emission target