Guests jubilantly welcome the new year in Vietnam
After two years of absence due to Covid-19, foreign guests have returned to Vietnam to welcome the new year in many provinces and cities across [...]
6 destinations for New Year travel
Phu Quoc, Da Nang, Da Lat, Nha Trang, Hoi An, Nha Trang, and Ninh Binh are the destinations recommended by Booking for a New Year [...]
Vietnam’s exports at a glance
The export sector will continue to drive Vietnamese economic growth as long as local businesses keep abreast of market swings. Faced with formidable challenges in the current downturns, it is more important than ever to look back. Opportunities are here to stay A recent poll conducted by the
Following vintage cars around town
Tens of vintage motorcycles and cars manufactured in the early 20th century participated in a street parade around HCMC. Joining the parade, “Heritage connection journey”, people had a chance to discover the iconic city of Saigon. The vintage car parade was co-organized by the Fiditour and
A flexible forex policy
The dollar-dong exchange rate has regained stability after the U.S. Federal Reserve slowed its interest rate hikes. This has allowed the State Bank of Vietnam (SBV) to restart buying foreign currencies. What signals has the SBV sent? The SBV, on December 15, announced it would buy the U.S. dollar
Hue conquers diners with delicacies
Hue pressed cake, also known as “banh ep”, attracts people’s hearts (and stomachs) not only for its combination of various flavors but also for its reasonable price. The main ingredient for banh ep is tapioca flour. First, the cook kneads the flour thoroughly with water and then divides it into
Real interest rate too high
Lately, knock-on effects from the monetary tightening policy designed to fight inflation and maintain the forex rate, coupled with negative impacts from the corporate bond crisis (and the response to that crisis as well) have led to liquidity constraints, prompting banks to hike interest rates
Catching first sunlight at Dien Cape
Besides being one of the most beautiful destinations in Phu Yen Province, Dien Cape (Mui Dien) also offers visitors history and culture. Dien Cape, also known as Dai Lanh Cape, is part of the Truong Son Mountain Range. It is located in Phuoc Tan Village, Hoa Tam Commune, Dong Hoa District, Phu Yen
Taking issue with interest rates
With banks joining an interest rate hiking race that may lead to economic uncertainties, it is high time to take measures to stabilize this vital macroeconomic issue. A non-beneficial race After the State Bank of Vietnam (SBV) lowered its policy rates twice in September and October, while the
Vietnam’s CPI inches up 3.15% in 2022
HCMC – Vietnam’s consumer price index (CPI) in 2022 rose 3.15% year-on-year, lower than the National Assembly target of 4%, according to the General Statistics Office (GSO). Fuel prices left a significant impact on the CPI. In specifics, 34 fuel price adjustments in the year resulted in domestic
Over 200,000 firms join local market in 2022
HCMC – Vietnam saw 208,000 businesses being established and resuming operations in 2022, up 30% year-on-year, according to a report from the General Statistics Office (GSO). On average, there were 17,400 new market entrants a month this year. However, the report revealed that 143,000 enterprises
Industry sees 7.7% growth in added value
HCMC – This year has seen industry recording 7.7% growth in added value against the previous year, General Statistics Office data showed. Processing and manufacturing have posted an 8.1% rise in added value, and contributed 2.09 percentage points to the country’s economic growth. The index of