Why vietnam is an attractive destination for foreign investment

Currently, there are more than 70 million registered motorcycles in the Southeast Asian country with the figure projected to grow even larger in the future. In the first four months of 2023 alone, the country produced more than 1 million new motorcycles. Five major manufacturers: Honda, Yamaha, Suzuki, Piaggio, and SYM hold over 90% of the market share in Vietnam, manufacturers also export fully assembled models to international markets. VAMM said the stage has been set for Vietnam to become an attractive destination for motorcycle manufacturers in the Asia-Pacific region. Due to supply chain difficulties and rising trade tension between the U.S. and China, manufacturers have been shifting their investments to smaller markets in Asia to minimize risks. For example, the Japanese government has allocated a 2.2 billion USD fund in support of Japanese businesses relocating from China while the U.S. government has been calling for U.S. businesses to either return to the U.S. or … [Read more...] about Vietnam emerges as a major motorcycle market and manufacturing hub

Alumni are regarded ambassadors to strengthen Australia and Vietnam relations amid joint efforts to work together on a variety of educational and training projects. Vietnamese people who studied in Australia have contributed to Vietnam’s development and acted as ambassadors to foster bilateral relationship. Australian Trade and Tourism Minister, Senator the Hon Don Farrell praises the role of alumni in Australia-Vietnam relations. Photo: Embassy of Australia in Hanoi Australian Trade and Tourism Minister, Senator the Hon Don Farrell has praised the role of alumni’s contributions to Vietnam and Australia bilateral relations. Alumni help to add depth to Australia's economic diplomacy, building trade, investment, and business linkages, not only in Vietnam, but more broadly in the Southeast Asian region, Senator Don Farrell said during a visit to Vietnam last month. The senator made the remarks at the inauguration of the Australian Alumni Awards to honor the … [Read more...] about Alumni bridge Australia and Vietnam

Australian Prime Minister Anthony Albanese spent time visiting a local beer spot in Hanoi to enjoy bia hoi (light Vietnamese draft beer) after he arrived in the Vietnamese capital city on Saturday afternoon. PM Albanese joined a crowd at a draft beer spot on Duong Thanh Street, Hoan Kiem District to drink ice-cold draft beer and have lunch there. The Australian leader sat at the same table as that of Vietnamese Ambassador to Australia Nguyen Tat Thanh and Director of the State Protocol Department Nguyen Viet Dung. Before visiting the draft beer spot, PM Albanese bought a loaf of banh mi, a Vietnamese baguette served with different fillings, for lunch. A staff member of a banh mi stall gives banh mi to PM Albanese. A representative of the Vietnam-based brewer Habeco briefs PM Albanese on the history and development of Hanoi draft beer. PM Albanese jointly says “Mot, hai, ba, do!” (one, two, three, Cheers!) and chats with … [Read more...] about Australian PM tries Hanoi draft beer during visit to Vietnam

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on June 3 asked ministries, agencies and localities to push the three engines of export, investment and consumption in order to spur the country's economic growth in the time ahead. Speaking at an online regular meeting between the Government and localities, the leader stressed the need to remove obstacles to production and business, and help enterprises in administrative procedures , interest rates and market expansion. He also urged localities to accelerate the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as national target programmes, and focus on site clearance and material preparations for key projects. Apart from promoting domestic consumption, it is necessary to expand export markets, the PM said, highlighting other tasks such as effectively optimising free trade … [Read more...] about Focusing on export, investment, consumption to boost growth: PM

Minister of Information and Communications Nguyen Manh Hung presented draft amendments to the Law on Telecommunications before the National Assembly on Friday, arguing that the existence of OTT services in Vietnam means that there must be questions raised regarding their management in order to ensure service quality, safety and security. The draft therefore entails stipulations on the management of telecom services, including data centers, said Hung. The measures and forms of approval also aim to encourage new services to develop, according to the minister. Hung said the development of new satellite technologies has necessitated the completion of management policies regarding trans-national, satellite telecom services in Vietnam, "in order to ensure users’ interests in Vietnam." Le Quang Huy, head of the National Assembly’s Science, Technology and Environment Committee, said OTT services, in essence, use the Internet to provide applications like Zalo, Viber and Telegram. OTT … [Read more...] about Ministry must ‘manage’ Zalo, Telegram to protect users

Australian Prime Minister Anthony Albanese talks about  Vietnamese dishes at the lunch with young people. (Photo: VNA) Hanoi (VNA) - Australian Prime Minister Anthony Albanese had lunch at an eatery in Hanoi’s Old Quarter on June 3, where he tried the world-famous Vietnamese sandwich "banh mi", a favourite street food of many Vietnamese people and foreign tourists, and drank " bia hoi ", a locally brewed beer often used by Hanoians on hot summer days. "Banh mi" is ranked 7th among the best street foods in the world by TasteAtlas, a website dedicated to discovering fresh ingredients, traditional dishes, and authentic restaurants around the world. Australian Prime Minister Anthony Albanese is briefed on how to make a "banh mi". (Photo: VNA) CNN Travel has also included "banh mi"  among its top 24 sandwiches in the world in 2023. According to the website, Banh mi can be easily found at street vendors and food carts everywhere. This is not only a popular … [Read more...] about Australian PM savours Vietnamese foods, drinks locally brewed beer