By Duc Hung March 24, 2021 08:15pm GMT+7 Central Vietnam province to reduce growth reliance on steelmaker Formosa steel plant in Ha Tinh Province. Photo by VnExpress/Duc Hung. The central province of Ha Tinh is looking to reduce its growth reliance on Taiwanese steelmaker Formosa, focusing instead on other sectors like tourism. Although the province…
22/02/2021 VIS TEAM Amid the current Covid-19 outbreak in Vietnam, many gold shops were promoting online sales to meet customers demand in the Gold of Wealth Day [February 21], the day when locals traditionally buy gold expecting this would bring good fortune to their businesses and families in a new year. Nguyen Thi Luyen, vice…
23/11/2020 11:10 am GMT+7 The recent Vietnam visit by national security advisor Robert O’Brien emphasizes Southeast Asia’s importance in U.S. foreign policy while enhancing bilateral relations, analysts said. Experts also said that the three-day visit on November 20 and 22, taking place less than a month following the one by U.S. Secretary of State Mike…
By Dat Nguyen October 30, 2020 01:59 pm GMT+7 Vietnam’s trade surplus hit a record $18.72 billion in the first 10 months of this year as imports slowed down amid the Covid-19 pandemic. Exports grew at 4.7 percent year-on-year to $229.27 billion, with shipments of five items, namely smartphones, computers-electronics, textile-garment, machinery-equipment, and footwear,…
September 14, 2020 by Pritesh Samuel Vietnam and the United States celebrated 25 years of diplomatic relations in July this year – a testament to improving bilateral and economic ties since the Vietnam War. Vietnam has emerged as an ideal alternative manufacturing destination to China for US businesses, in part due to the US-China trade…
September 14, 2020 Posted by Vietnam Briefing Written by Trinh Nguyen Vietnam is among the top textile producing countries and apparel exporters in the world, emerging as an ideal alternative to China. Major factors driving industry growth are growing textile exports derived from multilateral free trade agreements and low labor costs. Despite rising challenges…
The Vietnamese observe the 2nd of September every year as the National Day that Great President Ho Chi Minh read the Declaration of Independence of Vietnam at Ba Dinh Square in Hanoi, in a ceremony that formally gave the birth to the Democratic Republic of Vietnam and now is the Socialist Republic of Vietnam. This year,…
By John Boudreau and Nguyen Dieu Tu Uyen Bloomberg September 1, 2020 16:53 GMT +7 For the past three decades, Vietnam has known only good — or great — economic news. The nation’s consistent growth as an exporter, propelled by Communist leaders who began embracing market-oriented policies in the late 1980s, pushed many into…