Global market

Over 50 works by modern Vietnamese masters from the early generation of École des Beaux-Arts de l'Indochine (Indochina School of Fine Arts) will be showcased at Sotheby’s first exhibition in Vietnam - Timeless Souls: Beyond the Voyage – Hồn Xưa Bến Lạ. As well as the first exhibition in the country held by the leading arts brokers in the world, the public event is also one of the largest Indochine Art exhibitions ever staged in the country. Taking place from July 11–14 at Park Hyatt Saigon, HCM City, the non-selling exhibition features over 50 works by Lê Thị Lựu (1911 – 1988), Lê Phổ (1907 – 2001), Mai Trung Thứ (1906 – 1980) and Vũ Cao Đàm (1908 – 2000), the four renowned early generation graduates from the École des Beaux-Arts de l'Indochine, who migrated to France in early 20th century. Fillette aux Nattes avec Son Panier de Fleurs (Girl with Mats and Her Basket of Flowers) by Lê Thị Lựu. With a mission to foster cultural dialogue between artists and the … [Read more...] about Sotheby’s presents its first exhibition in Vietnam

Projected GDPs for ASEAN+3 countries. Vietnam is forecast to be the second fastest-growing economy in the region this year. (Photo amro-asia.org) Hanoi (VNS/VNA) – Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN + 3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3% this year and 6.5% next year, well above the region-wide figures which were estimated at 4.3% and 4.9% respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5% and 7.0% in the April update. “Vietnam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates in these countries and … [Read more...] about Vietnamese economy to perform well: AMRO

CHI Hospitality International inaugurates a Stay7 International Hotel in the central city of Nha Trang. —Photo courtesy of the firm South Korean hotel management company CHI Hospitality International has inaugurated a Stay7 International Hotel in the central city of Nha Trang to take the opportunity from the recovery of the country’s tourism industry. Stay7 International Hotel Nha Trang has 203 luxuriously designed rooms at 65 Tran Quang Khai in the heart of Nha Trang City. There is a modern swimming pool on the 28th floor, ranked as one of the city's five most beautiful swimming pools. Currently, CHI Company Group has businesses in Viet Nam, such as in Ha Noi and HCM City, including financial/real estate, manufacturing, industrial logistics, and hotels. They are actively carrying out investment/operation projects in resort development in Da Lat and Phu Tho Province, 5-star hotels in Da Nang City, and residence buildings with about 320 rooms in Thai Nguyen Province. A … [Read more...] about South Korean hotel chain opens in Nha Trang

Vietnamese and Indian businesses from the pharmaceutical sector participate in a B2B meet at the India – Viet Nam Pharmaceuticals and Health Industry Conference on July 5. — VNS Photo Thu Hang Viet Nam is seeking co-operation with India in the field of pharmaceuticals, especially manufacture of vaccines for COVID-19, a conference heard on Tuesday. India is now the third biggest supplier of pharmaceutical products to Viet Nam, Tran Ngoc Liem, general director of the Viet Nam Chamber of Commerce and Industry’s HCM City branch, told the India-Viet Nam Pharmaceuticals and Health Industry Conference. Pharmaceuticals were one of India’s key exports to Viet Nam last year at US$267 million, he said. India is ranked third globally in terms of pharmaceutical output and 14th in terms of value. Its leading companies all meet international standards. The Vietnamese pharmaceutical market has been experiencing strong growth in recent years with 250 factories, 200 import-export … [Read more...] about Viet Nam, India eye partnership in pharmaceutical sector

Projected GDPs for ASEAN+3 countries. Viet Nam is forecast to be the second fastest-growing economy in the region this year. — Photo amro-asia.org Viet Nam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3 per cent this year and 6.5 per cent next year, well above the region-wide figures which were estimated at 4.3 per cent and 4.9 per cent respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5 per cent and 7.0 per cent in the April update. “Viet Nam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates … [Read more...] about Viet Nam to do well economically this year and the next: AMRO