Vietnam has increasingly become a fast-growing industrial center, especially for technology and clothing, wrote an article published Jan. 14 by India’s stattimes.com. The article said that while parts of Asia are still recovering from the global pandemic, Vietnam’s economy has boomed, recording an impressive 8.02% increase in GDP in the last quarter of 2022 – that’s faster than others major regional economies in Asia. Export sales amounted to USD 372 billion, an increase of 10% year-on-year. ###: Registration of a foreign-invested company in Vietnam Explaining the boom in Vietnam’s industry, it said part of the reason is supply chain disruption…
Author: Kevin Le
In 2022, Vietnam’s tourism struggled to recover from the COVID-19 slowdown, even though the country has already lifted pandemic-related travel restrictions. Vietnam expects to more than double the number of tourists this year to about 8 million. The forecast came as official figures showed more than 3.6 million arrivals in 2022 with a return of inbound travel after the pandemic. The UK was Vietnam’s main European market, with a total of 93,794 British visitors. New hotels set to open in 2023 include Nobu Hotel Danang, Avani Cam Ranh and Mandarin Oriental Saigon. You may be interested in Kien Tran…
European companies’ confidence in the Vietnamese economy declined in the second quarter, but the S-shaped country is still among the top five global investment destinations for their companies, according to the latest Business Climate Index (BCI) published by the European Chamber of Commerce in Vietnam (EuroCham) showed last week. The BCI fell below baseline to 48.0 in Q4 2022, down 14.2 points from three months ago and 25 points from the first quarter of the year. While Vietnam’s economy grew more than 8% throughout 2022, this data comes on the back of continued global economic volatility due to a storm…
In 2022, Vietnam averaged 31 traffic accidents per day, resulting in 17 deaths and 22 injuries. Traffic accidents in Vietnam have shown a drop in all three criteria of cases, fatalities and injuries since the launch of a campaign to ensure safety and order ahead of the upcoming Tet holiday (Lunar New Year) and other major events in the country. country, Vietnam News The agency cited a report from the Traffic Police Department under the Ministry of Public Security. The data showed that between November 15, 2022 and January 12, 2023, up to 1,854 traffic accidents occurred nationwide, killing 1,026…
Five years after graduating from college, many people’s careers have taken off. But there are still people at the moment, the job is still bumpy and the salary is stagnant, just like when they just graduated from school. Xiaohong (28 years old, Shanghai, China) is one of them. “Five years after graduating, my salary is still 3,000 yuan, which is equivalent to the income of a recent graduate. In addition to the increasing age, more and more worries, only ability and salary remain unchanged,” she said. Before that, when she was a student, she had good academic records. But after…
The Lunar New Year holiday, known simply as Tết, is the happiest time of the year in Vietnam. People spend quality time with their friends and family, sharing gifts, laughing and huge meals. We’ve put together an overview of Tet celebrations in hotels and resorts across Vietnam. A village in Tet marks the Year of the Cat Family resort Alma ushers in the Lunar New Year with a six-day program of merriment, transforming the huge lobby into a traditional “Tet Village” to honor the most important time in the Vietnamese calendar. Alma family resort welcomes the Lunar New Year with…
UOB Vietnam has just announced a partnership with Intellect, a mental health technology company. The bank’s SME clients get access to Intellect’s app that provides wellness support to their employees. Personnel is an important focus for companies. According to the ASEAN SME Transformation Study 2022, about 44 percent of SMEs in the region are considering retaining and motivating their workforce as a measure to control labor costs[1] performed by UOB and partners. However, with the rapid pace of business across the region, employee mental health has become a greater concern. Challenges SMEs face range from reduced employee morale and falling…
As the Lunar New Year 2023 approaches, thousands of parents and students gathered at Phenikaa School to participate in the Spring Festival: “Tet around the world” on January 13, 2022 (i.e. the 22nd day of the lunar calendar). The Tet holiday theme festival is a creative zone where students can design, experience and discover interesting cultural concepts about the Lunar New Year holiday in Vietnam and other countries around the world. This activity also reflects the school’s efforts to promote the physical and mental well-being of students, along with its creative and inspiring teaching method, aimed at the comprehensive development…
Tet is one of the most important holidays in Vietnam, with Vietnamese people eagerly awaiting travel and celebrating with friends and family as they welcome the Lunar New Year. As the world reopens, 2023 marks a promising return of travel for Vietnamese travelers ready to get out and about again and make the most of the start of the new year! With this in mind, Booking.com, one of the world’s leading online travel companies, has released the latest search data that sheds light on Vietnamese travelers’ favorite destinations for the upcoming Tet celebrations. A clear preference for beach destinations followed…
Vietnam continues to be a favorite tourist destination for travelers from the Republic of Korea during the upcoming Seollal or Korean Lunar New Year – a holiday and celebration that marks the first day of the Korean lunar calendar. Seoul falls on January 22 this year. Data from travel agencies in the Republic of Korea shows that the demand for overseas travel from people in the country is high during the Seollal, even though the holiday is only four days long. As of early January 2023, travel agencies have sold out 80% of the total airline tickets they prepare for…