Traditional partner

Ho Chi Minh City expects to have more urban management projects with Lyon City of France, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told visiting member of the Council of Lyon City Max Vincent during a reception on September 12. Vice Chairman of the Ho Chi Minh municipal People’s Committee Tran Vinh Tuyen (R) receiving member of the Council of Lyon City of France Max Vincent Tuyen said the two cities share similarities for conducting joint work in urban development. Vincent, for his part, pledged to discuss mechanisms to effectively launch projects. Host and guest agreed that both sides should facilitate exchanges, trade and investment promotion in the near future. During the Pullutec festival slated for November in Lyon city, the two sides are due to discuss a bilateral cooperation program and sign an agreement on lighting Ho Chi Minh City Fine Art Museum. Since Lyon and Ho Chi Minh City signed their cooperation … [Read more...] about Ho Chi Minh City, France’s Lyon City partner in urban management

Son viewed Tileuberdi’s Vietnam visit, which was made from August 17-18 on the occasion of the 30th founding anniversary of diplomatic ties, as momentum to strongly beef up traditional friendship and multi-faceted cooperation between the two countries. He welcomed the Kazakh delegation, which included representatives of Kazakh state management agencies in finance and investment who came to explore cooperation and business opportunities in the Southeast Asian nation. The minister suggested Kazakhstan support Vietnamese investors to operate in the market. For his part, Tileuberdi affirmed that Vietnam is a priority partner of Kazakhstan in the region, and that attaching importance to boosting the relationship is an important part of Kazakhstan’s foreign policy towards Asia-Pacific. He held that ample room still remains for Vietnam-Kazakhstan economic and trade collaboration, especially in agriculture, tourism, clean energy and high tech, lauding the plan to open a direct route … [Read more...] about Vietnam, Kazakhstan foster multi-faceted cooperation

SHANGHAI/PARIS -- From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering. Data this week showed China's economy slowed unexpectedly, prompting a central bank rate cut, while macroeconomic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury. Whereas in North America and Europe, inflation and … [Read more...] about Luxury sneakers may be a step too far for cash-strapped Gen Z

Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year

American agricultural products are available in many parts of Vietnam and some are becoming well-received in the country of 100 million people. Agriculture plays a prominent role in trade relations between the US and Vietnam, US Ambassador to Vietnam Marc Evans Knapper has said. US Ambassador to Vietnam Marc Evans Knapper at a press conference in Hanoi. Photo: NLD The ambassador shared the idea at the United Tastes of Food and Wine Reception held in Hanoi earlier this week in collaboration between the US Embassy, the California Milk Advisory Board, and the Nebraska Department of Agriculture. To boost the market share of American agricultural products in the Southeast Asian country, relevant agencies are working for further availability. “We are looking for ways to expand US agricultural imports into Vietnam,” Ambassador Knapper said. What Ambassador Knapper said might be true, based on the fact that American agricultural products are safe and … [Read more...] about [Vietnam-US relations] Agriculture – a prominent pillar in US-Vietnam trade: Marc Knapper