Given the significant contributions of investment capital to the local economy, experts say Vietnam needs immediate solutions to attract more FDI and strengthen its resources. According to data, after 35 years of implementing its open door policy to attract foreign direct investment, Vietnam has so far received investment from 140 countries and territories around the world. Foreign capital flows are present in most places in the country with projects invested by major global names such as Intel, Microsoft, Foxconn, Samsung, Sanyo, Sony, Fujitsu, Toshiba and Panasonic. You may be interested in A complete picture of the situation in Vietnam,…
Author: Kevin Le
Rapid state change and rapid response to the outbreak of the disease have helped Vietnam effectively improve its position in economic and tourism rankings. With a flexible policy to cope with COVID-19, the early opening of international borders, Vietnam’s economy continuously received positive signals, international tourism boomed, ranking as the fastest-growing travel industry in the world. The recovery index after COVID-19 improved strongly, while credit institutions also revised their assessment of Vietnam’s economic outlook in a more positive direction. According to the World Economic Forum’s Tourism and Tourism Development Index 2021 report, tourism in Vietnam has increased by 8 places.…
Vietnam is one of the most popular countries for tourists and expats because it is an inexpensive destination, with plenty to see and do. However, the cost of living in Vietnam can keep your finances a bit on edge. This article provides information on the cost of living in Vietnam 2022. Goods and services are on average cheaper here than in other countries. In general, life in Vietnam may surprise you if you look for something more affordable. Nevertheless, due to inflation and the rising prices of commodities (especially crude oil), it increases the cost of living and budget you…
According to the World Economic Forum (WEF) Global Tourism Development Capability Index Report 2021, Vietnam tourism has 6 pillar indices that rank among the top group in the world. The 2021 WEF report assesses and ranks 117 economies based on measuring 17 pillar indices with 112 sub-indices classified into 5 groups, including business environment, tourism policy and facilitation, infrastructure, tourism demand driver and sustainability of tourism. Overall, the WEF report ranks Vietnam tourism at 52/117 of the global economy, up 8 places from 2019. This is the third highest increase in the world, after Indonesia (12 places up) and Saudi…
From May to July, photographers return to Hon Kho Island, which belongs to the fishing village of Nhon Hai (Quy Nhon, Binh Dinh) to “hunt for seaweed”. The series of photos was taken by photographer Dang Van Hai (residing in Phu Cat, Binh Dinh). Traveling and capturing beautiful moments in every place you visit has long been a favorite of this 29-year-old photographer. In the photo seaweed in the fishing village of Nhon Hai seen from above. Seaweed appears from May to July, creating a beautiful scene as a “golden field” under the clear blue sea. On the other hand,…
Fraud costs the Vietnamese economy more than €197,006,980 Have you ever been approached by a scammer? If so, you’re not alone. Unfortunately, there are many scammers in the world – one in ten adults in the US will fall for scams every year. As more people trade and invest, the number of scams has increased – since 2015 there has been a 13.3% increase in securities and investment fraud. There are several ways these fraudsters approach you and end up taking your money Scams are happening all over the world – in fact there was a 15% increase in global…
Entrepreneurial couple Kees Goossens (59 years) and Ingrid (57 years) used to have good careers in the Netherlands. They own a modern and fully equipped villa. However, in 2017, the couple decided to quit their jobs, sell their comfortable home and move to Portugal to live on a deserted hillside. When they moved to Portugal, the couple spent two months building a new house. They built a one-storey wooden house, which is not equipped with electricity, water or a modern gas supply system. Kees talked about his bold decision and said he was “tired of the boring middle class life”.…
Vietnam’s active economic performance in recent years has attracted the attention of some major European companies, German news site DW reported that Vietnam was one of the few Asian countries not to experience an economic contraction during the coronavirus pandemic in 2020 and 2021. This year, the country’s GDP is expected to grow by about 5.5 percent. About 60 percent of European companies operating in ASEAN say Vietnam offers the best expansion opportunities in the region, according to a survey conducted by Standard Chartered Bank. German car supplier Brose, which has 11 factories in China, is currently choosing between Thailand…
In addition, it is easier to monitor progress and receive the results of the case handling when it can be done online on the same website. Step 1: Visit the Residence Management Public Service Portal website at: https://dichvucong.dancuquocgia.gov.vn/ On the main screen interface, select Permanent Residence. Step 2: The system will ask people to login to the National Public Service Portal account to proceed. People enter ID card number and password to login to the system. If people don’t have an account, click Register to create an account (the easiest way to register is by choosing to register with a…
With 93% of Vietnamese LGBTQ+ travelers having experienced less than welcoming or uncomfortable experiences while traveling, Booking.com is taking action to pave the way for everyone to travel proudly The term “travel” and its connotations are meant to denote positive experiences, adventure and fun. But for many LGBTQ+ travelers around the world, the reality of travel can often paint a very different picture, with new research from leading digital travel platform Booking.com showing that 93% of Vietnamese LGBTQ+ travelers are less than welcoming or uncomfortable has experienced, experiences while traveling. Booking.com’s most comprehensive LGBTQ+ travel survey to date, conducted among…