Vietnamese economy

Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72), depending on whether it is purchased at a traditional wet market or a supermarket. Cheaper cuts of pork, such as cutlet and thigh, range from VND100,000-130,000 per kilogram, which is twice or thrice the price of chicken. "The prices of vegetables, spices and many other things have skyrocketed, but my salary remains unchanged, so I must cut back on my spending on expensive stuff," she said, sighing. "Now our family has meat only for one or two meals per week." A VnExpress survey of livestock farms at the end of June found that the price of live pigs had crossed VND60,000 per kg, a slight increase from previous days. The majority of farmers said the price has increased because the cost of animal feed has increased. Prices of new born pigs have also increased by 20 percent compared to two months ago. According to the Organization for Economic Cooperation and … [Read more...] about As prices rise, Vietnamese fork out less for pork

With the recent inauguration of many pedestrian streets, themed spaces, and night tours, authorities in Hanoi hope to give the city’s night economy a major boost. Every evening at about 7:00 pm, Hanoi’s Old Quarter begins to bustle with tourists rushing between shops, food stalls, and entertainment venues. The Old Quarter’s evening rush holds such a footing in Hanoian culture that nicknames have even been given to certain areas. The intersection of Ta Hien and Luong Ngoc Quyen Streets, for example, is affectionately called 'International Intersection' while Ta Hien Street is known as 'Beer Street,' Gam Cau Street is known as 'BBQ Street,' To Lich street is called 'Mixed Fruit Street,' and Tong Duy Tan Street is dubbed 'Food Street.' Weekends in the Old Quarter are especially busy, with groups of tourists and locals gathering in the area for entertainment and food, art performance venues, and karaoke parlors. The pedestrian street around Hoan Kiem Lake has also been a major … [Read more...] about Hanoi seeks to develop night economy

The July 1 event attracted officials and enterprises from both sides. In her remarks, Lord Mayor of Nottingham Wendy Smith described her city as a dynamic economic hub where many Vietnamese people are residing and studying. Nottingham welcomes all Vietnamese companies and investors, she affirmed, hoping that the economic and trade relations between the two sides will grow further in the coming time. Vietnamese Ambassador to the U.K. Nguyen Hoang Long, for his part, said there is plenty of room for the relations between Vietnam and Nottingham to expand. Nottingham is home to a large Vietnamese community, and many Vietnamese students are pursuing education at two major universities here – University of Nottingham and Notting Trent University, he said, emphasising that they will act as a bridge to further develop the bilateral partnership. With enthusiastic support from the government of Nottingham for trade and investment between the two sides and exchanges between their … [Read more...] about Meet Vietnam comes to U.K.’s Nottingham to promote trade, investment

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

A ceremony welcoming the Vietjet flights in Japan (Photo: vietjetair.com) Hanoi (VNA) – Vietjet has launched direct routes between Hanoi and Japan’s Nagoya and Fukuoka. The route connecting Hanoi to Fukuoka is operated three return flights on Tuesdays, Thursdays and Saturdays every week, the Hanoi - Nagoya one is operated four return flights per week on Mondays, Wednesdays, Fridays and Sundays to serve people and tourists with almost 5 hours flying per leg. After the routes connecting Ho Chi Minh City, Hanoi to Tokyo and Osaka, new routes to Nagoya and Fukuoka have offered more options for passengers when flying with Vietjet between Vietnam and Japan with saving cost, flexible flight schedules. Japan is one of the favorite destinations for Vietnamese tourists with beautiful scenery and unique culture. Fukuoka, in particular, which sits on the northern shore of Japan’s Kyushu Island, is known for many great beaches, ancient temples, the variety of nature as well as … [Read more...] about Vietjet launches direct routes to Japan’s Fukuoka, Nagoya

National Assembly Chairman Vuong Dinh Hue (centre) speaks at the Vietnam - UK high-level forum on economy and trade in London on June 29. (Photo: VNA) Rome (VNA) – Some media agencies in Italy higlighted Vietnam’s economic links with Europe and achievements in ensuring human rights when covering a recent tour of some European countries by National Assembly Chairman Vuong Dinh Hue . In an article about Vietnam’s trade and investment links with Italy and Europe, the La Città Futura newspaper said Vietnam is effectively implementing the commitments in the free trade agreements with the EU ( EVFTA ) and the UK (UKVFTA). So far, key farm produce of Vietnam like peppercorn, cashew nut, vegetables, fruit, tea, and rubber have benefited from preferential tariffs in the EU, which is one of the five largest markets of Vietnam’s fishery products. La Città Futura noted Vietnam is a leading partner of Italy in Southeast Asia and also a helpful bridge linking the EU, including … [Read more...] about Italian media spotlight Vietnam’s economic ties with Europe, human rights achievements