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
Vietnam conservationist wins international princess of girona foundation awards
Vietnam to compete in 4 World Games events
The delegation includes Vietnam's number one cueist Tran Quyet Chien (billiards), Hoang Thi Phuong Giang, Duong Thuy Vi and Pham Quoc Khanh (wushu), Nguyen Tran Duy Nhat (muay Thai) and the women's beach handball team. At the previous event hosted in Poland in 2017, Vietnam scored one gold medal thanks to muay athlete Bui Yen Ly. This year's event will take place from July 7 to 17 in Birmingham, Alabama, the U.S., having been delayed one year due to the Covid-19 pandemic. It features 30 sports in 54 disciplines. Athletes from 110 nations will participate in this competition. World Games is an international multi-sport event that includes sports that are not contested in the Olympics. The event is hosted every four years, usually one year after the Summer Olympics. Although World Games comprise non-Olympic sports, it's still supported by the International Olympic Committee. … [Read more...] about Vietnam to compete in 4 World Games events
Vietnam Airlines resumes serving Bac Giang lychees
Lychees are served to business class passengers on the airline’s domestic and international routes from Ha Noi from July 1-15. — Photo courtesy of VNA Bac Giang Province's signature fruit lychees returned to serve as in-flight meals on Vietnam Airlines (VNA) flights after a two-year pandemic, said the national flag carrier. According to Vietnam Airlines, the fruit is served to business class passengers on domestic and international routes from July 1-15. The move aims to introduce the speciality to domestic and foreign passengers and expand cooperation with businesses and localities to promote Vietnamese agricultural products to the world, said VNA. Since June 24, the airline has coordinated with Bac Giang Province to promote lychees on the e-commerce platform VNAMall. Vice Chairman of the Bac Giang People’s Committee, Phan The Tuan, said: “The province is home to the country’s largest lychee-growing area of more than 28,000ha. Bac Giang lychee was the first Vietnamese … [Read more...] about Vietnam Airlines resumes serving Bac Giang lychees
Vietnam-China border trade slumps on Covid restrictions
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
Ho Chi Minh City proposes international transit terminal in Can Gio
In a document recently sent to Prime Minister Pham Minh Chinh, the municipal People’s Committee proposed the leader assign the Ministry of Transport to work with the committee and relevant agencies to assess advantages, opportunities, and possibility of an international transit terminal. The terminal will be able to handle the world’s largest cargo vessels (Photo: VNA) The HCM City administration said with a view to shifting part of the global container transit activities to Vietnam, the world’s largest sea shipping company MSC/TIL, the Vietnam Maritime Corporation, and Saigon Port have submitted a proposal to develop an international transit terminal in Can Gio. With about 7.2km of wharves, this project is expected to be able to handle 10-15 million TEUs (twenty-foot equivalent units) of cargo and serve the world’s largest container ships (24,000 TEUs) at present. The project will be implemented in seven phases, the first of which is hoped to start in 2024 and … [Read more...] about Ho Chi Minh City proposes international transit terminal in Can Gio
Three major Vietnamese cities among leading destinations in Southeast Asia
Vietnam's Da Nang, Hanoi, and Ho Chi Minh City were recently included in Travel + Leisure magazine's list of the top 10 cities in Southeast Asia under the Asia's Best Awards 2022. According to the U.S. magazine's ranking, Da Nang, Hanoi, and Ho Chi Minh City were ranked third, fifth, and eighth, respectively, based on votes submitted by readers worldwide this year. Thailand's capital city, Bangkok, is the best city in Southeast Asia in this category in 2022. According to Travel + Leisure magazine, this is one of the world's most popular tourist destinations. The Sheraton Saigon Hotel was named the top city hotel in Vietnam in 2022. The following two hotels in the top ten are Capella Hanoi Hotel and Park Hyatt Saigon. In the category of the best islands in Southeast Asia, Phu Quoc and Con Dao are the leading resort destinations in Vietnam. Phuket Island in Thailand was named the best island in Southeast Asia for the first time in 2022. Bali Island in Indonesia as well … [Read more...] about Three major Vietnamese cities among leading destinations in Southeast Asia