About half of Japanese companies in Việt Nam expect higher profits in 2024
HCM CITY — About half of Japanese companies operating in Việt Nam expected improvements in profits in 2024, a survey conducted by the Japan External Trade Organisation found. Regarding the operating profit forecast for 2024, 50.4 per cent of Japanese companies in Việt Nam expected improvements compared to the average rate in the region of 43.8 per cent. In particular, 100 per cent of surveyed Japanese retailers in Việt Nam have expansion plans. Jetro sent questionnaires to 14,018 Japanese companies investing in 20 countries and territories in Asia and Oceania and received valid responses from a total of 4,982 companies, including 849 in Việt Nam. Japan consistently ranks among the top countries in terms of foreign direct investment in Việt Nam.
Source:Viet Nam News
January 29, 2024 19:01 UTC
Annual dialogue looks to beef up Vietnam-RoK comprehensive strategic partnership
Illustrative image (Photo: Internet)– The Vietnam Academy of Social Sciences (VASS) on January 29 held an annual dialogue on enhancing the Vietnam - RoK comprehensive strategic partnership for peace and stability in the Indo-Pacific.On the table were several key issues, including regional political and security developments, the linking of industry to people, and recommendations for the partnership to thrive.In his opening remarks, Assoc. Prof. Dr. Ta Minh Tuan, VASS Vice President, said that Vietnam is a key partner of the Republic of Korea (RoK) in implementing its Indo-Pacific Strategy and Korea-ASEAN Solidarity Initiative Dr. Park Cheol Hee, President of the Korea National Diplomatic Academy, listed a series of joint works performed by the sides in recent times. They have improved legal corridors, and innovated credit mechanisms and reviewed tax systems, fees, and input costs to support exports. The countries have also expanded cooperation into new areas in supply chain development, high-tech industries, support industries, and urban development, among many others.Dr. Nguyen Thi Tham, Director of the research centre for RoK and DPRK under VASS’s Institute for Northeast Asian Studies, proposed the sides focus more on security collaboration to deal with traditional and non-traditional security risks in a comprehensive, multidimensional manner.Other participants suggested measures regarding investment in industry restructuring such as developing support industries for manufacturing materials, components and boosting the competitiveness of some sub-sectors manufacturing consumer products./.
Source:Viet Nam News
January 29, 2024 17:22 UTC
Vietnam attracts 2.36 billion USD in FDI in first month of 2024
The sharp increase in the number of projects and the appearance of large-scale projects were one of the main factors driving the sharp increase in foreign investment capital. In terms of investment fields, foreign investors invested in 15 industries out of 21 national economic sectors. Of that, the real estate sector attracted the most with more than 1.27 billion USD (53.9%) and the processing and manufacturing industry ranked second with nearly 926 million USD (39.2%). Of them, Singapore led with more than 1.4 billion USD, accounting for 59.5% of total investment capital. Hanoi attracted the most FDI this month, followed by Ba Ria-Vung Tau, Bac Giang, Bac Ninh, and Dong Nai./.
Source:Viet Nam News
January 29, 2024 15:00 UTC
VIETNAM NEWS HEADLINES JANUARY 29/2024
Vietnam wins numerous ASEAN tourism awards Vietnam had 25 destinations and establishments named in different categories of the ASEAN Tourism Awards at a ceremony held as part of the ASEAN Tourism Forum (ATF) 2024 in Laos on January 26. Themed "Quality and Responsible Tourism Sustaining ASEAN Future", the ATF 2024 aims to strengthen collaboration in further improving ASEAN tourism products to attract more international visitors. It also brought 13kg of plastic waste collected from the sea to hand over to the Quy Nhơn Fishing Port plastic waste collection team for recycling. The awards was jointly by the Vietnam Golf Association, Vietnam Television Cable (VTVCab) and VGS Group. Vietnam, Srithai Vietnam, Central Retail Vietnam, and MM Mega Market Vietnam.
Source:Viet Nam News
January 29, 2024 10:17 UTC
Corporate bond market stays quiet at the beginning of 2024
HÀ NỘI — The corporate bond market is expected to remain relatively sluggish until the end of the first quarter of 2024, as conditions for issuing and trading corporate bonds tighten. These factors contribute to the trend of the corporate bond market. Previously, retail investors were the primary growth driver of the corporate bond market, accounting for one-third of the market's purchasing power. This is aimed at gradually improving the corporate bond market and aligning it with international standards. Investment funds also noted that the corporate bond market has faced its most challenging phase and that there are still obstacles ahead, particularly with the real estate market remaining subdued.
Source:Viet Nam News
January 29, 2024 09:55 UTC
Warning issued as trade fraudulent activities on the rise
HÀ NỘI - The Việt Nam Embassy's Commercial Services in the Netherlands has issued a warning regarding a surge in online fraudulent activities against Vietnamese exporters as global demand for petroleum products increases. According to the Vietnamese trade authorities, fraudulent activities were not confined to the Netherlands alone. As Vietnamese businesses seize opportunities in the expanding global market, the complexities and sophistication of trade disputes and fraud have increased. This could and had resulted in sizable losses for Vietnamese exporters. It highlighted the importance of a two-way identification method to help Vietnamese exporters verify and screen their foreign partners, mitigating fraud risks.
Source:Viet Nam News
January 29, 2024 03:45 UTC
56 Vietnamese exhibitors participate in Ambiente Frankfurt 2024
BERLIN — A total of 56 Vietnamese enterprises showcased their products at Ambiente 2024 - a leading exhibition fair on consumer goods and gifts in the world that is underway from January 27-30 in Frankfurt, Germany. Joining the event, Vietnamese enterprises expect to expand their exports to the EU – a major market of Vietnamese handicraft products that accounts for about 30% of the total. Of the 56 businesses attending Ambiente 2024, nearly 30 involve in bamboo/rattan products. On this occasion, Vietnam also aims to introduce to international partners its Vietnam Lifestyle exhibition, scheduled to take place in Ho Chi Minh City in October 2024, Ngoc said. Ambiente Frankfurt 2024, covering over 360,000 sq.m, attracts nearly 5,000 exhibitors from 170 countries who introduce the latest trends and most innovative consumer products in four display areas - kitchenware, furniture, gifts, and office items.
Source:Viet Nam News
January 28, 2024 23:25 UTC
Vietnam to join global tourism recovery trend this year: insiders
Vietnam welcomed 12.6 million international arrivals last year, reaching 70% of the 2019 pre-pandemic level. World-leading indie travel news source Travel Off Path has listed Vietnam as the safest country to visit in Asia in 2024, saying the country is both prosperous and peaceful, as it enjoys low rates of crime and impressive political stability. Vietnam is ideal for slow travelers and backpackers seeking to reconnect with nature and expose themselves to a culture that is almost entirely different from their own, especially for those coming from the Northern Hemisphere, it said. Many Vietnamese places have made their names on prestigious voting sites, leaving good impressions on international tourists and friends. However, experts said, limitations still remain, especially in making policies and long-term strategies whose efficiency requires many factors, including data sources to ensure accuracy and harmony in tourism statistics./.
Source:Viet Nam News
January 28, 2024 20:00 UTC
AIC's Break the Silver Ceiling campaign drew support from over 700
After a knee injury, I had to stop Muay Thai, so I do weight training with my upper body instead. We are glad that our campaign resonates with both seniors and youths alike, and we thank them for their support. This shows a strong support in our call to foster inclusivity and to celebrate the vibrancy of individuals at every stage of life. About the Agency for Integrated CareThe Agency for Integrated Care (AIC) aims to create a vibrant care community for people to live well and age gracefully. Our work in the community brings care services and information closer to those in need.
Source:Viet Nam News
January 28, 2024 17:00 UTC
Agriculture sector sets new records amid global challenges
A pivotal accomplishment in 2023 was the sector's record-breaking trade surplus, soaring to 12.7 billion USD, reflecting a noteworthy increase of 43.7%. Six key commodity groups, namely rice, fruits and vegetables, coffee, cashew nuts, shrimp, and wood and wooden furniture, recorded export turnovers exceeding 3 billion USD. Beyond the efforts of small- and medium-sized enterprises, major corporations continued to bolster their investments in agriculture, particularly in high-tech one. The overall growth in the sector reached its highest level in the last five years, sustaining growth across all domains while ensuring food security and major balances of the economy, and contributing to macroeconomic stability. Looking ahead, the sector has set ambitious goals, aiming for a growth rate of 3-3.5% and export revenue of around 54-55 billion USD, surpassing that in the previous year by 1-2 billion USD./.
Source:Viet Nam News
January 28, 2024 12:35 UTC
Vietnamese businesses need to invest in brand building on global media
As Vietnamese firms continue to expand globally, it is important for them to invest in brand building on the global media stage to sustain their success, experts said. One of the key reasons for Vietnamese firms to invest in brand building on global media was to enhance their credibility and reputation. By leveraging global media outlets, Vietnamese businesses could effectively communicate their values, innovation and quality to a wider audience. Experts, however, pointed out that investing in brand building on global media requires a strategic approach. Experts recommended that, to stand out and compete effectively, Vietnamese firms proactively engage with global media to ensure that their brand is visible and memorable to global consumers.
Source:Viet Nam News
January 28, 2024 10:34 UTC
Know when to fold your cards for a better Tết
When asked why they gamble during Tết, many say "Well, if I win the game, it means luck for me for the entire year." In common card games played in Tết, the rules clearly state that there can be only one winner. Sometimes, the winner can win triple the bet of the losers, and the losers can lose more than they intended. Therefore, any gambler must face the consequence of losing, and if losing means bad luck, why would he even want to gamble at Tết? If you know someone who gambles a lot, please first be a listener, not a judge, and try to show them a better path in life.
Source:Viet Nam News
January 28, 2024 10:31 UTC
Phu Quoc emerges as new trending destination among Koreans
Analysing holiday booking data, Kyowon Tour Travel Easy identified Japan as having the highest proportion of reservations, accounting for 20.8% of the total. Vietnam secured the second position with a share of 11.7%. Newly emerging tourist destinations gaining popularity among travellers include Siem Reap in Cambodia and Phu Quoc in Vietnam. Renowned for its long beaches with gleaming white sand nestled beside inviting turquoise waters, Phu Quoc island received accolades from the American travel magazine Condé Nast Traveler as one of the world’s top islands in 2023, marking its second consecutive year on the prestigious list. Beyond its stunning landscapes, Phu Quoc stands out as one of Vietnam's most alluring destinations, offering a kaleidoscope of cultural-historical experiences and a range of accommodations, from affordable housing to luxurious resorts./.
Source:Viet Nam News
January 28, 2024 08:02 UTC
VIETNAM NEWS HEADLINES JANUARY 28/2024
Vietnam suggests diversifying ASEAN-Russia tourism activitiesASEAN member states should consider measures to intensify tourism cooperation between the bloc and Russia, Director General of the Vietnam National Authority of Tourism Nguyen Trung Khanh said on January 26. The Vietnamese official emphasised that the three partner countries are key tourism markets of not only ASEAN countries but also Vietnam. In 2023, Vietnam welcomed nearly 6 million visitor arrivals from the three countries, accounting for 47% of total foreign arrivals, he continued. This is the first time the cruise liner has returned to Ha Long since the outbreak of the COVID-19 pandemic on the Sanya (China) - Ha Long (Vietnam) route. They affirmed that they are always interested in and ready to assist Vietnam in settling post-war consequences and reconciliation, especially in dioxin detoxification.
Source:Viet Nam News
January 28, 2024 07:30 UTC
Number of newly-established businesses in Thailand hit a 10-year high in 2023
- Thailand recorded a total of 85,300 companies registered as new businesses in 2023, the highest number in a decade, with combined registered capital of over 560 billion baht (over 15.72 billion USD).In its “2023 Thailand Investment Report” published on January 26, the Department of Business Development under the Thai Ministry of Commerce said 29% of new businesses were set up in Bangkok (25,120 companies), while the rest (60,180 companies) were in other provinces.The central region reported the highest number of new business registrations at 17,581 companies (20.61%), followed by the South (11,675 companies, 13.69%), the East (10,948 companies, 12.83%), the Northeast (8,942 companies, 10.48%), the North (8,604 companies, 10.09%), and the West (2,430 companies, 2.85%).In Bangkok, the top five businesses that saw the biggest jump in new registrations from last year are operating in electronic manufacturing, entertainment venues, bakeries, games and toys, and employment services.In provincial areas, the top five new businesses that saw the biggest increase over the previous year were motorcycle parts wholesale, motorcycle rental, currency exchange, marine transport, and technology education.The department estimated that the number of new companies in Thailand could reach 95,000 in 2024, increasing 5-10% year-on-year./.
Source:Viet Nam News
January 28, 2024 01:05 UTC