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During the second quarter of 2022, European business stakeholders' confidence in Vietnam's investment environment declined slightly, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and conducted by YouGov Vietnam. Following a first-quarter rise, the BCI dropped 4.4 points in the second quarter to 68.8 points. In contrast with earlier in the year, compounding factors such as the continuing war in Ukraine, commodity price spikes, and the ripple effect of China's zero-COVID policy have dampened expectations among Vietnam's European business community. Although the BCI has fallen, it remains 7.6 points higher than in the fourth quarter of 2021, when it measured 61 points. Vietnam's potential growth is also being viewed with less favour by European business leaders. About 60 per cent of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, compared with 69 per cent who … [Read more...] about European FDI continues to flow into Vietnam amid economic uncertainties

Workers process tra fish at Sao Mai Corp's factory in An Giang Province. Tra fish export to the UK increased six-fold. — VNA/VNS Photo Vu Sinh Viet Nam’s tra fish export increased by 83.2 per cent in the first half of this year, the highest growth rate among fishery products, the latest data by the Vietnam Association of Seafood Exporters and Producers (VASEP) showed. Seafood exports were expected to rake in nearly US$5.8 billion for Viet Nam in the first six months, up almost 40 per cent year-on-year. Most seafood products witnessed high export growth rates in the first half, of which tra (pangasius) fish led the group with an estimated value of $1.43 billion, up 83.2 per cent, accounting for one-fourth of total seafood export value. Tuna and crustaceans followed with export value at $553.5 million and $110 million, or increases of 55.7 per cent and 54.5 per cent on-year, respectively. Shrimp export, the biggest seafood product export, which brought in $2.3 billion, grew … [Read more...] about Tra fish exports to UK soar six-fold

Vietnamese firms shipped just US$509-million worth of goods to China through the border, a 87 percent dive year-on-year, according to customs data. Imports from China dropped by 52.5 percent to $3.64 billion. China’s zero-Covid strategy and tightened control of cross-border movement have had the biggest effect on trade, the Ministry of Industry and Trade said. Lack of transport, logistic and cross-border trade infrastructure worsened the situation, it added. Though trading through key border gates in the northern provinces of Lao Cai and Lang Son has resumed, customs clearance has yet to return to pre-pandemic levels. At Lang Son’s Tan Thanh Border Gate, Vietnam’s main point for fruit export to China, only 100 vehicles get customs clearance a day, a third of the pre-pandemic level. The ministry has warned that the border congestion could escalate if no measures are taken. China was Vietnam’s largest partner last year, with bilateral trade reaching $166 billion. Vietnam … [Read more...] about Vietnam-China border trade slumps on Covid restrictions

Passengers on Vietjet’s first flights to Nagoya and Fukuoka have been warmly welcomed by a water cannon ceremony with souvenirs, flowers, and the love from the airport’s leaders. The route connecting Hanoi to Fukuoka is operated on three return flights on Tuesdays, Thursdays, and Saturdays every week. The Hanoi-Nagoya route is operated four times per week on Mondays, Wednesdays, Fridays, and Sundays. After routes connecting Ho Chi Minh City and Hanoi to Tokyo and Osaka, the new routes to Nagoya and Fukuoka offer more options for passengers when flying with Vietjet between Vietnam and Japan while saving costs and enabling flexible flight schedules. Japan has issued entry visas for Vietnamese people for short-term commercial purposes, studying abroad, working, and visiting relatives. Japanese visitors to Vietnam are exempted from visa requirements for stays of up to 15 days. Japan is one of the favourite destinations for Vietnamese tourists with its beautiful scenery and … [Read more...] about Vietjet offers direct flights to Fukuoka and Nagoya in just about five hours

President of the VFF Committee of HCM City To Thi Bich Chau (fourth from left) presents flowers to congratulate the representative committee of the local Muslim community on July 4. (Photo: VNA) HCM City (VNA) – The Vietnam Fatherland Front (VFF) Committee of Ho Chi Minh City held a meeting with the representative committee of the local Muslim community on July 4 on the occasion of Raya Aidil Adha – a major holiday on the Islamic calendar. President of the municipal VFF Committee To Thi Bich Chau said over the past years, the representative committee and the management boards of mosques’ areas in HCM City have guided and encouraged followers to uphold the national pride and adhere to the Party and State’s policies. Muslims have joined hands with local residents to overcome difficulties and challenges while actively taking part in patriotic emulation movements and campaigns launched by administrations and VFF committees. She highlighted the improved material and … [Read more...] about Holiday greetings from HCM City to local Muslims