The World Bank has lowered its growth forecast for Vietnam this year by two percentage points to 4.8 percent as Covid-19 weighs on the economy. More stories at Vietnam Insider’s homepage. “Whether Vietnam’s economy will rebound in the second half of 2021 will depend on the control of the current Covid-19 outbreak, the effective vaccine rollout, and the efficiency of the fiscal measures to support affected business and households, and to stimulate the recovery,” Rahul Kitchlu, the bank’s acting country director for Vietnam, said in a report released Tuesday. In December the bank had forecast growth of 6.8 percent, but…
Author: Miley Selena
Boeing has opened its first office in Hanoi and named a new Southeast Asia leader, reflecting the continued importance of the region to the company. The aircraft manufacturer also opened a new office in Jakarta and named Alexander Feldman, who will be based in Singapore, as the new president of the company’s Southeast Asia business, effective Aug. 27. Boeing’s presence in Vietnam and Indonesia would support the company’s growth objectives across its commercial airplanes, defense and services businesses, it said in a statement. Related: Here’s how to setup a foreign entity in Vietnam Boeing also announced the appointment of Alexander…
Vietnam has shut down factories and imposed strict new measures to fight a rising wave of Covid-19 after escaping largely unscathed from the first 14 months of the pandemic A gap has formed between the demand for goods in the well vaccinated U.S. and the capacity of sparsely vaccinated manufacturing countries to meet it, building inflationary pressure. The outbreaks in Vietnam and elsewhere add to a long list of challenges—including outbreaks at ports, freight-container shortages and rising raw-material prices—that companies face in delivering goods at low cost and on time ahead of the holiday season. Related: How China becomes world’s…
The United States will donate 1 million Pfizer-BioNTech vaccine doses to Vietnam, Vice President Kamala Harris told Vietnamese Prime Minister Pham Minh Chinh during a meeting in Hanoi on Wednesday. US Vice President Kamala Harris arrived in Vietnam on Tuesday, to a welcome delegation led by Vietnamese Deputy Foreign Minister Nguyen Quoc Dung, Chairman of the Government Office Le Khanh Hai, and Chargé d’Affaires, a.i. of US Embassy Hanoi Christopher Klein. Related: U.S. Vice President trip to Vietnam delayed over ‘health incident’ The agenda of the trip is said to range from COVID-19 support, economic cooperation, to regional security challenges. According to the Ministry…
If you are an individual taxpayer (say a salaried individual) and your total income during the financial year (FY) exceeds Rs 2.5 lakh before taking into account common deductions such as Section 80C, Section 80D etc. available under the Income-tax Act, 1961, you are required to file ITR for the financial year 2020-21. Even if your total income does not exceed Rs 2.5 lakh but the payer of income has deducted taxes and you need to claim a refund from the tax authorities, you will need to file an ITR without which you will not receive the refund due to…
Vietnam’s historic city of Hoi An and Sapa are the two most appreciated destinations for taking photos, according a survey by booking.com According to international visitors, the top three most popular destinations for taking the best pictures in Vietnam are Hoi An town with yellow antique-style houses, Sa Pa with terraced fields across mountain slopes, waterfalls and poetic streams, and the busy old quarter of the thousand-year-old capital city of Hanoi. International travelers also fall in love with Vietnam’s endless stretch of coastline with its pristine beaches, along with looming villages on the mountainside as they rate Ha Long, Da…
U.S. Vice President Kamala Harris landed in Vietnam on Tuesday, after three hours delayed following an unexplained health incident She will be in Vietnam from August 24 to 26, according to a statement issued by the Ministry of Foreign Affairs. Vietnam – U.S. relations have been seeing a positive momentum. Related: U.S. Vice President trip to Vietnam delayed over ‘health incident’ The U.S. has in recent times stepped up cooperation with Vietnam in the field of maritime security. The U.S. has sold two Hamilton-class patrol boats and a number of Metal Shark patrol boats to help Vietnam enhance its ability…
A trip to Vietnam by U.S. Vice President Kamala Harris was delayed on Tuesday following an unexplained health incident in Hanoi, the U.S. Embassy in the Southeast Asian country’s capital said in a statement. Harris, who was in Singapore concluding a three-day trip, was due to fly to Hanoi late on Tuesday but was unexpectedly delayed for three hours due to an “anomalous health incident.” Related: Kamala Harris set to depart Singapore for Vietnam after unspecified Delay “Anomalous health incident” is a term the U.S. government often uses to describe Havana Syndrome, a condition with symptoms such as dizziness, nausea,…
The U.S Vice President Kamala Harris is set to depart Singapore on Tuesday, more than two hours later than originally scheduled after an unspecified delay. The reporters would be briefed on the reason for the delay on their way to the airport following a planned 6:30 p.m. local time departure from the hotel, according to a White House official. Related: “Kamala Harris trip can accelerate the progress Vietnam and the US have already made” Harris had been scheduled to depart Singapore for Vietnam, the second leg of a trip to Southeast Asia, at 4 p.m. local time. Reporters traveling with…
Despite the impact of COVID, Samsung Electric plans to raise the investment for Vietnamese factories. The country offers a lot of incentives for tech giants to set up shop there. Panasonic has moved its refrigerator and washing machine production to Vietnam from Thailand The tech giant Samsung has already poured over $USD17.5 billion into infrastructure in Vietnam; currently Samsung’s devices and electronics make up roughly 20 per cent of the country’s total exports, while the tech company employees 170,000 Vietnamese workers. This comes as border closures in Asia have forced Apple to start mass production of its latest AirPods in…