Vietnam new

Without mutual support, domestic manufacturers continue to wait for market capacity to be large enough to accept competition with suppliers from outside. With the right incentives, localisation is expected to boost manufacturing nationwide As many final consumer products require a series of manufacturing processes, when mass producing, one cannot do it all by themselves. This is how new supply chains are formed, however, without the concept of supporting or ancillary industries. Within the motorbike market, each year Vietnam consumes nearly three million units. Such output is very attractive for manufacturers, who easily achieve efficiency brought about by mass production. When implementing localisation, it is not difficult to attract suppliers whose supply chain is specialised and professional at each stage. The supply chain is formed by the needs and advantages of the market, without requiring a policy for the development of the supporting industry. Meanwhile, … [Read more...] about The new face of manufacturing supporting industries

The General Statistics Office (GSO) last week reported that after growing 5.03 per cent in Q1 2022, the Vietnamese economy bounced back to 7.72 per cent in Q2, and 13.67 per cent in Q3. Vietnam impressing with GDP growth - illustration photo In the first nine months of this year, it grew 8.83 per cent against the 1.42 per cent in the same period last year and only 2.12 per cent in that of 2020, representing the biggest 5-month increase in a decade. The agro-forestry-fishery expanded 2.99 per cent on-year, while the rates of the industry and construction sector and the service sector were 9.44 and 10.57 per cent, respectively. “The 9-month economic situation has flourished in almost all sectors. The economy’s production and business activities in Q3 have strongly grown on-year,” said GSO general director Nguyen Thi Huong. “Many sectors have bounced back strongly, especially industrial production, making it more favourable for the economy to reach the desired growth … [Read more...] about Vietnam impressing with GDP growth

There is a lot of room for Vietnam and India to develop trade cooperation, and the most important thing is enhancing connectivity , especially infrastructure connectivity, via both land and maritime corridors. (Illustrative image. Photo: VNA) Hanoi Oct. 6 (VNA) - Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said. Data from the General Department of Vietnam Customs shows that two-way trade between Vietnam and India surged to over 13 billion USD in 2021 from about 200 million USD in 2000. This has been a significant outcome, especially given major disruptions to supply chains during the COVID-19 pandemic. It is yet to match potential, however, Indian analysts believe. “There is a lot of room for Vietnam and India to develop trade cooperation, and the most important thing is enhancing … [Read more...] about Strengthening connectivity key to boosting Vietnam-India trade: Analysts ​

Illustrative image (Photo: VNA) Hanoi (VNA) – The national COVID-19 caseload rose to 11,482,334 with 1,020 new case s recorded on October 4, according to the Ministry of Health. With 805 patients given the all clear during the day, the number of recoveries rose to 10,593,986. Meanwhile, there are 57 patients needing breathing support. Two deaths from COVID-19 were recorded in the past 24 hours. The total fatalities rose to 43,151. On October 3, an additional 18,113 doses of vaccines were administered, raising the total number of doses of COVID-19 vaccines injected to 260,228,227./. VNA … [Read more...] about 1,020 new COVID-19 cases recorded on October 4

“After the pandemic, there is a rising demand in golf tourism as it has become a safe way to travel and entertain. Moreover, it attracts high spending visitors,” stated Ha Van Sieu, vice chairman of the Vietnam National Administration of Tourism, adding that golf tourism brings an opportunity to restructure the industry and renew the sector with high-value products. It is estimated there are around 30 golf courses of international 5-star standards in Vietnam. Vietnam’s Golf sector creating new impetus for tourism Currently, South Korea is the world’s third-largest golf market with around 3 million active players, after the US with 28.8 million players, and Japan with 10 million players. Coincidently, South Korean visitors made up the largest group of international visitors to Vietnam since the reopening of tourism early this year. Among them, many are golfers. Do Chi Cong, CEO of SB Invest and a member of EuroCham said, “Looking at the number of international golf … [Read more...] about Vietnam’s golf sector creating new impetus for tourism

Com lam is a dish from the Thai ethnic minority people, with glutinous rice cooked in a tube of bamboo and with a special fragrance and taste. The secret is ensuring the rice is clean and rinsed well. The bamboo should be fresh and young so that the new membrane inside can hold the rice, giving it the special flavour, fragrance, and sweetness. After the rice is soaked for two hours, the tube is wrapped in banana leaves and then put over a flame until it gains a pleasant smell. The important thing is to keep the flame at the appropriate level, not too big or too small. Com lam can be served with salted roasted sesame or grilled chicken. With time, Com lam has become a specialty in the local cuisine of many ethnic minority groups in the northwest region. Its fragrance and taste have won the hearts of many people. Visitors should be sure not to miss the chance to taste this special dish from the mountainous region of Vietnam ./. VNA … [Read more...] about Unique rice in bamboo tube in Vietnam’s northwest region