EuroCham President Alain Cany In comparison to the first quarter of 2022, European investors' confidence in Vietnam's growth potential has decreased. Approximately 60 percent of respondents predict that Vietnam's economy will stabilize or improve in the third quarter of 2022, while this figure was 69 percent the previous quarter. Around 45 percent of survey respondents said they were very satisfied or satisfied with Vietnam's efforts to attract and retain foreign direct investment (FDI), while 76 percent expect their company to raise capital. FDI into Vietnam before the end of the third quarter. However, regarding Vietnam's green growth prospects, 79 percent of business leaders said their assessment of Vietnam's green development potential has improved. Nearly 90 percent of respondents think that Vietnam should strengthen the development of the green sector to attract more foreign investment. The survey also identified barriers to European investment in Vietnam and trade … [Read more...] about Business Climate Index in Vietnam drops: EuroCham Vietnam
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HCM City to issue traceability codes for products
Scanning QR Traceable Code. — Photo baochinhphu.vn HCM City plans to issue a list of goods with traceability codes with a goal to have at least 50 per cent of businesses in multiple sectors, such as vegetables, livestock, food and medicine, be able to exchange data with the traceability code system in Viet Nam and the world. Nguyen Thi Kim Hue, deputy director of HCM City Department of Science and Technology, said that traceability is a matter that consumers have great concerns for besides a product’s standards and quality. By establishing traceability, businesses can better monitor the production and distribution of products. This will help with the competitiveness of the product and the businesses domestically and internationally. The city has also issued a plan to implement and manage goods traceability for the 2021-2025 period. — VNS … [Read more...] about HCM City to issue traceability codes for products
European business sentiment declines in Vietnam driven by global headwinds
Vietnam's potential growth is also being viewed with less favor by European business leaders, as 60 percent of respondents predicted that the Vietnamese economy would stabilize or improve in the third quarter of 2022, compared to 69 percent who held this belief entering the second quarter, according to a report released Monday by the European Chamber of Commerce in Vietnam (EuroCham). But most European business leaders remain upbeat about investing more in Vietnam, with 76 expecting their company to increase foreign direct investment (FDI) in Vietnam before the end of this quarter. Positive views were expressed about Vietnam's prospects for green growth too, with 79 percent of participants saying their assessment of Vietnam's green development potential improved from the first quarter. Regarding the link between green growth and FDI, nearly 90 percent of respondents believed Vietnam should increase green sector development to attract more foreign investment. Some barriers … [Read more...] about European business sentiment declines in Vietnam driven by global headwinds
Hanoi among Top 10 cities in Southeast Asia
Three major cities of Vietnam are distinguished with the annual prestigious awards of Travel & Leisure. The United States-based magazine Travel & Leisure has recently unveiled its 2022 Asia’s Best Awards with suggestions about the best travel destinations around the world. Accordingly, Hanoi, Danang, and Ho Chi Minh City are among the Top Ten “Best Cities in Southeast Asia” Hanoi- the thousand-year-old charming city President Ho Chi Minh Mausoleum in Hanoi. Photo: Cao Anh Tuan Ranked fifth on the list of Travel & Leisure , the charming capital city of Vietnam- Hanoi is a must-see travel destination for foreign travelers to the country. The fact is that the city is very peaceful and very welcoming to foreigners. It has a low crime rate, great tropical weather, and is easy to balance work life and fun, according to Bill Noland, an Aussie digital nomad in Hanoi. “It takes me around VND10 million or $428 for a convenient accommodation … [Read more...] about Hanoi among Top 10 cities in Southeast Asia
European businesses positive about Vietnam’s prospects for green growth
The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth
15th plenary conference of HCMC Party Committee to open on July 5
At the HCMC Party Committee's 13 th meeting (photo:SGGP) Tomorrow, the one-day conference will concentrate on the discussion and assessment of reports relating to implementation results of the socio-economic plan and the Party building work in the first six months of 2022, solutions that will be carried out in the second half of the year. According to the Ho Chi Minh City People's Committee, in the first six months of the year, Ho Chi Minh City's socio-economy continued to recover strongly with V-shaped growth and it has been maintained stably. HCMC continues to well control the Covid-19 pandemic situation, consolidate the conducted health strategy, and associate the health strategy with other strategic activities and plans. Many cultural, literary and artistic activities brought pervasiveness, especially programs to celebrate public holidays. As for the diplomatic task, political security and social order and safety have continued to be maintained. In the first six months … [Read more...] about 15th plenary conference of HCMC Party Committee to open on July 5
Binh Phuoc posts nearly USD 700 million in H1 trade surplus
The administration said thanks to proactive moves to ensure material supply for manufacturing and diversify export markets, local businesses have maintained the strong recovery trend and enjoyed good exports growth. They exported over USD 1.95 billion worth of goods in H1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’s target. Meanwhile, the import turnover stood at USD 1.26 billion. The People’s Committee noted though there remain difficulties in export markets and goods flows, thanks to the experience gained during the long social distancing period in 2021, businesses have gradually ensured material supply and kept supply chains uninterrupted, thus fulfilling export orders. Meanwhile, the index of industrial production increased 22% year on year in the six months, helping Binh Phuoc achieve a growth rate of 6.91% to rank second the southeastern region and 35th in Vietnam. In particular, the processing - manufacturing industry expanded by 23.4% and … [Read more...] about Binh Phuoc posts nearly USD 700 million in H1 trade surplus
GM Liem back on FIDE standard chess ranking
Vietnamese Grandmaster Le Quang Liem . (Photo:sggp.org.vn) Hanoi (VNA) – Vietnamese Grandmaster Le Quang Liem has been back on the International Chess Federation (FIDE) standard chess ranking after two-year absence as he had not competed in this category internationally since 2020. Liem ranked 23rd with an Elo rating of 2,722, according the latest FIDE ranking released last week. The ranking was topped by Norwegian Grandmaster Magnus Carlsen with 2,864. Two other Vietnamese grandmasters Nguyen Ngoc Truong Son and his spouse Pham Le Thao Nguyen were also named in the ranking. Son, a standard chess champion at SEA Games 31, was placed 111th with Elo of 2,645 while Nguyen was in the 2,583th position with 2,369. Last month, Liem claimed the second place at the standard chess category of an international chess tournament in Czech Republic’s Prague. He will be in Switzerland for the Biel Chess Festival 2022 from July 10 – 25./. VNA … [Read more...] about GM Liem back on FIDE standard chess ranking
☀ Morning digest on July 4
Hanoi, (VNA) - The following is a list of selected news summaries over the weekend by the Vietnam News Agency. – Prime Minister Pham Minh Chinh has ordered faster administration of the third and fourth doses of COVID-19 vaccine as part of measures against the unpredictable pandemic situation, especially when the sub-variant BA.5 has appeared in Vietnam and raised the risk of a new wave of coronavirus infections. According to the Government Office, to enhance pandemic control and create favourable conditions for socio-economic recovery and development, the Government leader has assigned Deputy PM Vu Duc Dam to continue directing the Ministry of Health, other ministries and sectors, and 63 provincial-level localities to drastically carry out anti-pandemic measures, especially accelerating COVID-19 vaccination. Read full story - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the … [Read more...] about ☀ Morning digest on July 4
Vietnam wins 13 awards at “Two country circuit” photo contest
A photo titled “Phong Dien floating market” by Tran Anh Thang is given a certificate of honour. (Photo: qdnd.vn) Hanoi (VNA) – Vietnamese photographers have won 13 medals and certificates of honour in travel, portrait and free categories at the 7th “Two Country Circuit” photo contest 2022. A photo entitled "Stork season in Van Long” by Nguyen Dang Hao wins gold medal .(Photo: qdnd.vn) The event, which was organised by Novi Sad, Kotor and Podgorica photography clubs of Serbia and Montenegro and sponsored by the International Federation of Photographic Arts (FIAP), drew entries from 37 countries and territories worldwide./. Đỗ Thị Mai Hiên source … [Read more...] about Vietnam wins 13 awards at “Two country circuit” photo contest