Vietnam’s Q1 foreign tourist arrivals beat pre-pandemic level
Vietnam welcomed over 4.6 million international tourists in the first quarter of this year, up 72% year-on-year and exceeding the same period of pre-pandemic 2019 by 3.2%, the General Statistics Office (GSO) reported.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam industry sector continues recovery with 5.5% growth in Oct
Vietnam’s industrial sector continued on its road to recovery as the index of industrial production (IIP) rose 5.5% in October from September, while the January-October index was up 0.5% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Pfizer putting even more breakthroughs in Vietnamese patients’ hands
Pfizer is pursuing what the U.S. drugs giant believes to be the most innovative biopharmaceutical therapies with a purpose of making breakthroughs that change patients’ lives, Pfizer Vietnam general director Darrell Oh tells The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
One more corporate executive arrested in pandemic repatriation flight scam
Tran Tien, director of Phi Truong Trading and Tourism Company Limited, was detained on Tuesday on charges of giving bribes related to flights that brought Vietnamese home from overseas during the Covid-19 pandemic.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Government Office chairman receives Prime Minister warning
Prime Minister Pham Minh Chinh on Monday disciplined Mai Tien Dung, former chairman of the Government Office, for violations and shortcomings in his work.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Government Office chairman faces disciplinary action
The Central Inspection Committee has proposed the Party Central Committee's Secretariat take disciplinary action against Mai Tien Dung, former Government Office chairman.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s 2022 CPI rises 3.15%, retail sales up 19.8%
Vietnam's consumer price index (CPI) in 2022 increased 3.15% year-on-year while retail sales of goods and services rose 19.8%, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Poliburo 'severely criticizes' Foreign Minister Bui Thanh Son
The Politburo, Vietnam Communist Party's premier decision-making body, said Tuesday it had reprimanded Foreign Minister Bui Thanh Son for violations at his ministry related to pandemic repatriation flights.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
China’s re-opening will only modestly boost Vietnam’s 2023 GDP growth
VinaCapital’s chief economist Michael Kokalari explains why the Vietnamese economy would not see a major impact from China’s 2023 re-opening.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi vice mayor arrested for 'receiving bribes'
Chu Xuan Dung, vice chairman of the Hanoi People's Committee, was arrested Thursday for further investigation into his allegedly taking bribes in the pandemic repatriation flight scam.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Seven more arrested in repatriation flight scam
The Ministry of Public Security’s investigative agency arrested Saturday seven people for violations in the case of giving and receiving bribes related to repatriation flights that brought Vietnamese people home amid the Covid-19 surge.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam among most exciting investment destinations: EuroCham
Vietnam offers great investment opportunities, and European businesses are very excited about the country's prospects in the medium- to short-term, says Alain Cany, chairman of EuroCham Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s nation brand valued at $431 billion
Vietnam has seen the third biggest brand value gain over the course of the pandemic in absolute terms, up $184 billion year-on-year to $431 billion in 2022, says London-based Brand Finance.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Railways records $1.25 mln H1 loss
Vietnam Railways has reported a loss of VND29.7 billion ($1.25 million) in the first half of the year and expects the annual figure to reach VND570 billion ($24.1 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Garment, textiles post record-high export growth in tough times
Vietnam’s garment-textile export turnover reached $30.2 billion in the first eight months of the year, a year-on-year increase of 20% and the highest growth rate in the last decade.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Oil & gas transporters’ profits to speed up, container shippers’ to dip
Oil and gas transportation companies are expected to enjoy significant second-half profit growth extending to next year, while container shipping firms see slower growth.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
85% of businesses expect better situation in Q3: survey
Up to 85% of enterprises in the processing, manufacturing and construction sectors in Vietnam expected better or stable business situation in the third quarter of this year, according to a survey conducted by the General Statistics Office (GSO).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shophouses in Danang remain in hibernation amid lingering pandemic effect
Hundreds of shophouses in the inner and outer areas of Danang city remain deserted though life has returned to normal in Vietnam post-pandemic.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Strong economic recovery post pandemic buoys Vietnam banks
A State Bank of Vietnam survey has found commercial banks upbeat about profit and credit growth for the third quarter and the year as a whole.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi steps up vaccination amid rising Covid, dengue fever cases
Districts in Hanoi have stepped up vaccination efforts, given increasing cases of Covid-19 over the past days with the detection of Omicron subvariant BA.5.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Siem Reap-Danang air route resumed after 2 years of hiatus
The first commercial passenger flight from Siem Reap, a major tourist hub of Cambodia, to Danang, Vietnam's famous seaside city, was operated on Friday after more than two years of hiatus due to the pandemic.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam promising destination amid global production shift
Vietnam is considered an attractive destination among major companies shifting some or entire production lines out of China amid pandemic-induced disruptions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Covid-19 yet to reach endemic status: health ministry
The Ministry of Health on Monday proposed to continue considering Covid-19 a Group A infectious disease, or a specially dangerous and highly transmission illness with high mortality rate, rather than an endemic affliction.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Off-season travel trends Vietnam tourism could cash in on
Popular travel destinations are feeling the pressure as tourism bounces back from a pent-up, two-year low.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Adapting to 'new normal' labor trends key to talent retention
During the unprecedented "new normal", adaptability and change management lend businesses a competitive edge in a fast changing environment, says Andree Mangels, general manager of ManpowerGroup Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Low wages disempower Vietnamese workers
Surveys performed by trade unions over a number of years reveal around a third of Vietnamese workers are destitute, have debts, and even acquire "shark loans" using social insurance and identity cards as collateral.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines files recovery solutions hoping to shake stock supervision
Vietnam Airlines has sent the Ho Chi Minh Stock Exchange a plan with measures that the national carrier expects would help it be removed from the list of stocks with trading supervised by the exchange.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Labor reshuffle has businesses struggling to recover post pandemic
Many business owners are struggling to recover and rebuild amid a Covid-induced labor shortage, with employees increasingly seeking greater benefits.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
New decree to beef up real estate transfer
The real estate market in Vietnam has grown more active after a gloomy period due to pandemic fallouts, boosted by supportive state policies.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC's first metro line projects suffer delays
Metro Line No.1 and No.2 in Ho Chi Minh City, Vietnam’s southern economic hub, are undergoing delays in preparation and completion.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deputy health minister quits amid Covid test kit scam
Deputy Minister of Health Nguyen Truong Son has submitted his resignation letter to authorities, the Ministry of Health stated Tuesday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Int'l arrivals to Vietnam soar 13 times year-on-year in May
Vietnam welcomed roughly 172,900 international tourists in May, a 70.6% rise over April and 12.8 times higher than the same month last year.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Growing Vietnam M&A market dependent on capital flow, pandemic containment
Merger and Acquisition activities in Vietnam increased the most in a decade from 2007-2017 at a total scale of $10 billion.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy to recover strongly in 2022: ADB
Vietnam's economy is expected to rebound strongly in 2022 and even grow further in 2023, said ADB analysts.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
6-6.5% GDP growth target a significant challenge: Deputy PM
The 6-6.5% economic growth objective and the risk of rising inflation driven by domestic demand recovery have become "significant challenges" for Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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