Vaccine successes

Vietnam’s skilled workforce, optimistic economic outlook, and competitive wage prices are among the factors drawing foreign investors’ attention to the country. An estimated 21% of Indian companies that have operations in Southeast Asia or expect to do so in the future show their plan to expand their businesses in Vietnam in the next two years. Whilst, 26% of Chinese corporates in Vietnam are looking to prioritize growth here over the next two years. Car production at Thanh Cong Hyundai Plant. Photo: Viet Dung These are some of the key findings from HSBC Navigator: SEA in Focus , which surveyed more than 1,500 companies from six of the largest economies in the world, including China, France, Germany, India, the UK, and the US – all of which have operations in Southeast Asia or have plans to do so in the future.  The survey gauges their sentiment on doing business in Southeast Asia, with a particular focus on trade, digitization, and sustainability. … [Read more...] about Companies from China and India temped to move to Vietnam

Australian Ambassador Robyn Mudie talks to a successful woman joining the project in Son La province at the symposium. (Photo: VNA) Hanoi (VNS/VNA) - The Australian-funded Gender Responsive Equitable Agriculture and Tourism (GREAT) programme hosted a symposium, Engaging Women in Markets – Scaling up Local Successes Nationwide, in Hanoi on May 27. Throughout the day, the GREAT programme team and Government of Vietnam representatives discussed evidence and lessons learned from the GREAT Programme that can help inform Vietnam’s National Target Programmes (NTPs) implementation. The NTPs and GREAT both aspire to stronger socio-economic opportunities in Vietnam ’s northwest region, particularly for the ethnic communities that call the region home. GREAT is Australia’s most significant gender investment in Vietnam, totalling 33.7 million AUD (24.1 million USD). The programme works with businesses, NGOs, government and civil society partners to build more inclusive business and … [Read more...] about Australia, Vietnam work together on gender equality for stronger economies

S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P

The AFD and EU have been actively supporting Vietnam in the areas of climate change mitigation and adaptation. Vietnam will receive financial aid from the EU and the Agence Française de Développement (AFD) to reduce the vulnerability to climate hazards in several towns in four northern and central provinces. The project is jointly co-financed with a EUR5 million (US$5.36 million) grant from the EU, a EUR123 million ($132 million) ODA loan from the AFD, and EUR 28 million ($30 million) from provincial budgets. The principal goal is to help localities adapt to climate change and recover from natural disasters such as flooding, typhoons, and drought. Delegates attend the launching ceremony. Photo: the Embassy of France in Vietnam The regional towns include Phat Diem in the northern province of Ninh Binh, Ngoc Lac in the central province of Thanh Hoa, and Hoang Mai in the central province of Nghe An, Huong Khe, and Thach Ha in the central province of Ha Tinh. … [Read more...] about AFD, EU strengthen urban climate resilience in Vietnam

That is the statement of Le Quoc Thinh, Director of Cuc Phuong Tourism Services Joint Stock Company (Vedana Resort) when introducing events aiming at promoting Cuc Phuong and Ninh Binh tourism after a long period of shutdown due to COVID-19. According to Chairman of Nho Quan district People’s Committee Hoang Khac Tiep, “Nho Quan is endowed with many historical relics and landmarks such as Van Trinh cave, Yen Quang lake, Dong Chuong lake, Cuc Phuong hot mineral water.” In particular, with the natural reserve area and new-stone-age cultural relics, Cuc Phuong National Park has received the title of Asia's leading national park for two consecutive years (2019, 2020) rated by World Travel Awards. It is worth mentioning that Nho Quan has nearly 30,000 ethnic people living in Muong villages. The strategy set by the district is to exploit existing indigenous cultural elements to combine with the trend of ecotourism, which is thriving in Ninh Binh province. Tourists have opportunities to … [Read more...] about Green Tourism – An ideal way to spread Muong ethnic culture

The shows are the result of co-operation between VOV and the Vietnam Film Studio (VFS). Launched last month, Vietnam Journey aims to honor Vietnamese culture and tourism. The screening of these shows is a part of the effort, according to Nguyen The Ky, General Director of the VOV. “We are introducing two shows for the Tet holiday to give viewers a chance to relax and enjoy interesting stories,” he said. “The stories are told in a tender and humorous way to call on people to preserve the country’s fine traditions.” Vuong To (Beauty of Silk) tells the story of Van Phuc Silk Village in Ha Dong district, where the trade of weaving silk has been nurtured for centuries. The film depicts the process of making and designing silk, and how hard the artisans fight to preserve the traditional trade in the face of modern trends and foreign brands. Directed by Nguyen Duc Viet, the show stars Quoc Tuan, Phu Don, Vinh Xuong and Thu Hien. Xuong said he spent a long time and effort learning … [Read more...] about TV shows promoting traditional culture to be screened