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He used to be the First Secretary of the Ho Chi Minh Youth Communist Union, Chairman of the NA's Youth and Children Committee, Head of the National Assembly Office (1987-2002) and Chairman of the NA's Foreign Affairs Committee. Mao retired in January 2008. … [Read more...] about Former Chairman of National Assembly Office passed away at 81

Hanoi (VNA) – The consumer price index (CPI) in May decreased by 0.03 percent against the previous month and 1.24 percent against last December, but increased by 4.39 percent year-on-year, the General Statistics Office (GSO) reported on May 29. The average index for the first five months was up 4.39 percent from that of the same period last year. In the period, basic inflation rose by 2.88 percent year-on-year. According to the GSO, in May, four out of the 11 commodity groups experienced price reductions: transport (2.21 percent); culture, entertainment and tourism (0.02 percent); post and telecommunication services (0.02 percent); and garment, headwear and footwear (0.01 percent). Increases were seen in prices of restaurant and catering service (0.34 percent); beverage and tobacco (0.25 percent); housing and building material (0.25 percent); other commodities and services (0.07 percent); household appliances (0.05 percent); and medicine and medical services (0.04 percent). … [Read more...] about May CPI shows slight reduction due to dropping petrol, power, rice prices

“Many experts forecast that the demand for footwear products in the US would increase post COVID-19. It was the reason that Vietnamese footwear producers should focus on trade promotion to the market,” said Vũ Bá Phú, Vietrade’s director. … [Read more...] about Việt Nam, US promote footwear trade post-pandemic

Hanoi (VNA) - Vietnam attracted a total of 13.9 billion USD in FDI in the first five months of this year, a fall of 17 percent year-on-year, the General Statistics Office (GSO) announced on May 29. There were 1,212 newly-registered projects with 7.4 billion USD in investment, down 11.1 percent in number but up 15.2 percent in capital, respectively. A total of 3.5 billion USD was added to 436 existing projects, a year-on-year increase of 31.4 percent, while capital contributions and share purchases by foreign investors stood at nearly 3 billion USD, down 60.9 percent. Processing and manufacturing was the most attractive sector among foreign investors, the GSO said, receiving 6.9 billion USD. Among 58 countries and territories registering new projects in Vietnam in the first five months, Singapore was the largest investor, with 4.3 billion USD, accounting for 58 percent of the total. Following was Taiwan (China) with 743 million USD, China with 694 million USD, Hong Kong (China) with … [Read more...] about January-May FDI down 17 percent

Hanoi (VNA) - The COVID-19 pandemic triggered a 48.8 percent decline in the number of foreign tourists visiting Vietnam in the first five months of the year, with the total standing at 3.73 million. The General Statistics Office (GSO) announced on May 29 that 72.9 percent of foreign tourists in the period were from Asia, with numbers from the region down 51.4 percent year-on-year. Falls were seen in almost all major markets, such as China (down 57.2 percent), Malaysia (53.9 percent), the Republic of Korea (53.4 percent), Japan (48.2 percent), France (47.5 percent), the UK (44.3 percent), and Russia (23.2 percent). Conversely, the number of Cambodian tourists surged 118.3 percent. Revenue from tourism services in the period was estimated at 8.3 trillion VND (359 million USD), down 54.1 percent. Localities seeing significant declines in revenue include the southern province of Ba Ria-Vung Tau (72.9 percent), south-central Khanh Hoa province (68.2 percent), HCM City (66.1 percent), … [Read more...] about International tourists down nearly 50 percent