Vietnam holidays 2019

An art performance at the event (Photo: VNA) Vientiane (VNA) – The Vietnamese Embassy and Defence Attaché Agency in Laos held a ceremony in Vientiane on December 13 to celebrate the 75th founding anniversary of the Vietnam People’s Army (VPA) and the 30th All-People’s Defence Festival (December 22). Colonel Tao Van Thai, Vietnamese Defence Attaché to Laos, reviewed the history of the VPA and said Vietnam’s defence diplomacy has been constantly developed and expanded, notably the country’s participation in ASEAN Defence Ministers Meeting (ADMM) Plus meetings. Vietnam has also actively contributed to promoting international cooperation in addressing regional security challenges for peace, stability and development, he added. From 2014, Vietnam has sent forces to join the United Nations peacekeeping activities in South Sudan and the Central African Republic. Since October 2018, the country has twice dispatched second field … [Read more...] about 75th anniversary of Vietnam’s People Army marked in Laos

The contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and 16.7% in 2019. Vietnam’s tax foregone under commitments to free trade agreements (FTAs) hit VND13 trillion (US$536.83 million) in the first 11 months of 2019, according to Le Manh Hung, deputy head of the Import – Export Tax Department of the General Department of Vietnam Customs (GDVC).  In the first 11 months of 2019, Vietnam imported 110,000 cars, nearly doubling the amount recorded in the same period last year.  The amount of tax forgone under FTA commitments to date is estimated at VND29 trillion (US$1.25 billion), Hung said at a press conference held by the Ministry of Finance (MoF) on December 12. The amount was due to a reduction of import tariffs for goods, Hung explained, saying the contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and … [Read more...] about Vietnam forgoes US$536.83 million tax under FTA commitments

Vietnam has become an appealing investment destination for international textile and garment enterprises, as Vietnam’s apparel sector is expected to continue to register strong growth in the coming years. Visitors inspect equipment in the apparel sector at the 2019 Saigon Tex & Saigon Fabric Specifically, more than 1,000 suppliers from 24 countries and territories, including China, France, Germany, Japan, Singapore, the United Kingdom and Thailand, are participating in the 2019 Saigon Tex and Saigon Fabric exhibitions, the two events in the textile and garment industry held concurrently at the Saigon Exhibition and Convention Center in HCMC’s District 7 from April 10 to 13. There are 100 more exhibitors this year, than in 2018. Most of them agreed that Vietnam, a leading exporter of textiles and garments, is a promising market for suppliers of apparel materials and equipment. According to data from the General Statistics Office, Vietnam exported US$7.3 billion worth … [Read more...] about Vietnam’s apparel sector increasingly attractive to foreign investors

  The AHK publicises a report on German firms worldwide (Photo: VietnamPlus)   Hanoi (VNA) – Compared to other regional countries, Vietnam has received special attention from German businesses and become a magnet for investment in the medium term. The AHK World Business Outlook (AHK WBO) was conducted by the Association of German Chambers of Commerce and Industry (AHK), with the participation of German entrepreneurs in Vietnam. It showed that Vietnam is a top investment destination for German businesses with high expectations of economic development in the medium term. German enterprises are optimistic about their businesses as well as the prospects for growth in the next year, despite the instability of the global economy due to trade tension, the outlook said. [Germany helps improve Vietnam’s SMEs via innovation programme] Representatives of as many as 77 percent of German businesses in Vietnam said their business is better this year, much higher than the … [Read more...] about Vietnam remains attractive investment destination for German firms

San Diu women in their traditional clothes. (Photo: vietnam.vnanet.vn) Traditionally, San Diu ethnic women make their own clothes. A piece of traditional clothing often takes  several months to complete. Diep Thi Vong from Vinh Phuc province is one of a few San Diu women keeping the tradition of making her own clothes and teaches the younger generation how to weave and embroider. “My grandmother and mother used to make their own clothes. They taught me and even sent me to a weaving class to learn how to make San Diu traditional clothes. A San Diu woman was required to make what she wore on her first day of marriage,” Mrs. Vong said. San Diu women often layer their clothes — a traditional white top inside and an indigo black light jacket outside. Young women secure their jacket with a green or red belt, right side over left  while older women do it the other way around. The highlight of the San Diu’s traditional women’s clothes is … [Read more...] about San Diu ethnic people in Vietnam’s northern midlands and mountainous areas