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Land law adjustments aim to protect entities as well as the real estate market, photo Le Toan In a seminar to collect opinions from enterprises and experts regarding amendments to the Law on Land held last week in Ho Chi Minh City, Seck Yee Chung, a representative of the Vietnam Business Forum’s Trade and Investment Working Group, said that Article 35.d of the draft law provided that domestic companies only have the right to mortgages with their land and properties attached to the land at credit institutions licensed to operate in Vietnam. “This means that companies in Vietnam cannot mortgage their factory or land through foreign lenders, which creates great challenges for them to access competitive financing resources outside the country,” Chung said at the seminar, which was organised by the International Finance Corporation (IFC) and Ministry of Natural Resources and Environment (MoNRE). “Foreign lenders will look for security assets of Vietnamese companies to secure their … [Read more...] about Land law points further scrutinised

Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert

Vietnamese boxer Nguyen Thi Tam trounced Spanish rival Laura Fuertes Fernandez 5-0 in the women’s 50kg quarterfinals to advance to the semifinals of the 2023 IBA Women’s World Boxing Championships in India on Wednesday. From the beginning of Wednesday’s match, Tam showed her dominance over Fernandez. Tam did not allow her opponent to approach while launching single and continuous attacks. With abundant physical strength and good stature, Tam confused the European No. 9 and took the lead in the showdown. In the first two rounds, Tam scored with straight punches and accurate hooks into Fernandez’s face, abdomen, and ribs to claim the absolute victory. In the third round, Fernandez tried to regain the balance but ended up being squeezed out by the Vietnamese boxer. At one point, Fernandez even failed to keep her composure and had an unsportsmanlike conduct against Tam, for which she was given a warning. In the end, Tam won 5-0 with the absolute points of 30 in all five … [Read more...] about Vietnamese boxer outplays Spanish competitor to advance to world championship semifinals

Vietnamese boxer Nguyen Thi Tam made history as the first Vietnamese boxer to fight in a world final after winning 4-1 in the semifinals of the 2023 IBA Women’s World Boxing Championships in India on Thursday. Tam faced French opponent Lkhadiri Wassila, who has won the French championship seven times, as well as earned two bronze medals in Europe, in Thursday’s 50kg semifinal. Tam won the first round with a flurry of straight punches and hooks from both left and right. She lost the second round when Wassila adapted to her attacks. Tam kept her distance in the final round in order to avoid attacks from Wassila. She effectively threw three punches and three hooks from the right arm at the end of the round, convincing four of the five coaches to name her the winner. The victory has made Tam the first-ever Vietnamese boxer to advance to a world final. The best achievement of Vietnamese boxing in the world arena was when female boxer Nguyen Thi Huong took home the bronze … [Read more...] about Vietnamese boxer enters world championship final

A large dish of deep-fried river sardines with a stomach full of eggs, or grilled sardines served with ginger garlic chili fish sauce, are among the tastiest sardine recipes that you should not miss in Vietnam, especially during the start of the sardine season. Sardines can be found in the sea and brackish water areas at the Han River mouth in Da Nang City of central Vietnam. However, during spawning season in spring, schools of sardines migrate to the An Trach irrigation dam, a national irrigation project located in the Yen river section running through the city’s Hoa Vang District, to lay eggs. Though sardines can also easily be found in other rivers in the area, such as Tuy Loan or Cu De, local inhabitants said the sardines from the Yen River are a blessing from nature with outstanding characteristics. Every afternoon, fishing boats sail back and forth in the Yen river section to catch sardines. Sometimes, schools of sardines suddenly jump out of the water, splashing … [Read more...] about Enticing Vietnamese sardine dishes that will leave you craving more

Nordic countries, including Denmark, Finland, Norway, and Sweden, shared their experience in green solutions to a circular economy and waste management and policy implications for Vietnam at a seminar held in Ho Chi Minh City on Wednesday. The seminar was organized by the Embassies in Vietnam of Denmark, Finland, Norway, and Sweden and Fulbright University Vietnam to mark the occasion of Nordic Day 2023 (March 23). In his opening remarks at the seminar, Ambassador of Denmark to Vietnam Nicolai Prytz said with a long tradition of working together to find solutions to common challenges, the Nordic countries are proud to share their experience and knowledge with Vietnam. “We believe that sharing experience and best practices with our partners is essential to promoting sustainable development,” Prytz added. Meanwhile, Ambassador of Norway to Vietnam Hilde Solbakken highlighted the role of the private sector in promoting green innovation, saying, "In the Nordic region, we have seen … [Read more...] about Nordic countries share circular economy, waste management solutions with Vienam

Superior visa policy Foreigners can enter Vietnam by air or sea, stay in a transit area and transfer to Phu Quoc to get this visa exemption. This is the only place that meets the conditions required for visa waiver: It has an international airport, has a definite geographical boundary, is separate from the mainland and so having foreigners does not jeopardize Vietnam's defense, security, social order, or safety. Hon Thom, the world's longest cable car, is on the south of Phu Quoc. Photo by Anh Duong Transportation to the place is convenient by air, sea and land, and visitors can enter and exit through three international border gates: Phu Quoc International Airport Border Gate, Ha Tien International Border Gate and Duong Dong Port International Border Gate in Phu Quoc. There are many daily flights to Phu Quoc from India, Korea, Thailand, and Malaysia... Tourists can easily travel by taxi and bus. People who have bought tickets to Sun World Phu Quoc will get … [Read more...] about Phu Quoc, ideal tourist destination with special visa exemption

Phu Quoc is currently the only destination in Vietnam with this unique visa policy. According to current legal regulations, from July 2020, foreigners and Vietnamese holding foreign passports entering, exiting, and residing in Phu Quoc Island are exempt from visas for a temporary stay of no more than 30 days. Foreigners can enter an international border gate (including air and sea), stay in the transit area at that border gate, and then transfer to Phu Quoc Island to be exempt from visas following this regulation. Phu Quoc is famous for its beautiful and dreamlike beaches Phu Quoc has this visa policy because it is the only island that meets the conditions of visa exemption for foreigners under Vietnamese law. It has an international airport, definite geographical boundaries, is separate from the mainland, supports the nation's socioeconomic development policy, and does not jeopardise national defence, security, social order, or safety. As an isolated island located … [Read more...] about Visa exemption means international tourists can visit Phu Quoc for up to 30 days

Christanto Suryadarma, sales vice president for Southeast Asia at Zebra Technologies, told VIR at a press briefing on March 21, “There are many industries that we can participate with in Vietnam to modernise and automate. Transportation logistics is a key, and we are already gaining customers in this field. We are also starting to see some good use cases in healthcare, and we want to continue growing that." "Recently, we also saw interest from the Vietnamese government in terms of safety and security, looking at how they can equip security and police officers with our technology to improve safety and productivity,” he added. Christanto Suryadarma, sales vice president for Southeast Asia, Zebra Technologies Retail and manufacturing are now the two best performing industries for Zebra Technologies in Vietnam. For example, in retail, the company sees many retailers automating and digitalising using its solutions. Moreover, the nation is now a strategic location for … [Read more...] about Zebra Technologies eyes potential of logistics, healthcare, and public sectors in Vietnam