ASEAN Village Network to promote regional comprehensive cooperation
The ASEAN Village Network (AVN) will focus on three cooperation areas in its implementation namely tourist village, digital village and One Village One Product (OVOP), in order to promote the comprehensive connectivity and development in the region.
Pocket the standard Western travel experience without adjustment (Part 2)
Note the experiences when traveling to the West below, visitors will get detailed information for their river cruise with family or close friends. Traveling to [...]
The boy who grows water lilies earns VND 50 million per month
QUANG NAM – Anh Vo Van Thanh, in Duy Vinh commune, Duy Xuyen district, quit his job as a geologist and returned to his hometown to [...]
Vietnam’s digital economy may reach US$49 billion by 2025
HCMC – Vietnam’s digital economy may take the lead in Southeast Asia with average growth of 31% a year and reach US$49 billion by 2025, said a report by Google, Temasek and Bain & Company. Vietnam’s online retail sales hit US$16.4 billion in 2022, accounting for 7.5% of the country’s total
G-bond coupons slide further in April
HCMC – The coupons of G-bonds in all tenors dropped a further 14 to 27 basis points in April compared to the previous G-bond auction held in late March. At the final auction session in April, the respective coupons for the five, 10, 15 and 30-year G-bonds were 2.75%, 3.22%, 3.33% and 3.66%. The
Russia-Vietnam Trade Disrupted, But Growth Potential Remains
2023 Russia-Vietnam bilateral trade expected to be about US$3 billion
Vietnam becomes global production centre thanks to boom of foreign investment
Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.
Ample room remains for Vietnamese exports to Africa
There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA)
India plans to challenge European Union's proposal to levy carbon tax at World Trade Organisation, ...
India sees the proposed levy as discriminatory and a trade barrier, and would question its legality while citing that New Delhi was already following the protocols pledged in the UN Paris climate agreement.
Brunei becomes 11th nation to ratify CPTPP trade deal
Brunei has ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the last of the original 11 signatories of the trade and investment deal to do so.
Deposit rates fall further
HCMC – Following the central bank’s interest rate cuts in April, commercial banks have lowered deposit rates further this month. Annual deposit rates now range from 7% to 9% at most banks, 1-1.7 percentage points lower than late last year. Kienlongbank now applies a 7% yearly rate to nine-month
Vietnam PM to attend expanded G7 Summit in Japan
HCMC – Prime Minister Pham Minh Chinh will attend the expanded G7 Summit this weekend, from May 19 to 21, at the invitation of his Japanese counterpart Fumio Kishida. Vietnam is one of the two Southeast Asian countries invited to the summit this year, along with Indonesia. This is the third time