The Tràng An ecotourism site, part of the Tràng An Landscape Complex in the northern province of Ninh Bình, attracted a large number of visitors to its official reopening on February 2 after a long hiatus caused by the COVID-19 pandemic. Site management said the safety of all boats and the health of all staff and sailors had been examined prior to reopening. Police and security guards have also been arranged throughout the site to ensure security, order and road safety, Vietnam News Agency reported. It added that visitors are regularly reminded to comply with anti-pandemic rules, especially the 5K…
Author: Kevin Le
Despite great efforts by manufacturers, the motorcycle market is shrinking from its peak of 3.38 million units sold in 2018 to 2.5 million in 2021. There will be no significant growth in the next decade, experts say. The Vietnam Association of Motorbike Manufacturers (VAMM) reported that the five member companies, including Honda, Yamaha, Suzuki, Piaggio and SYM, sold 2,493,372 products in 2021, a decrease of 8.1 percent (220,243) compared to 2020. Of these, Honda Vietnam sold 1,992,365 products, just 93 percent from 2020, Yamaha Vietnam sold 425,294 cars, or 90 percent from 2020, and SYM, 27,084 (61.4 percent), Suzuki, 21,332…
Samsung C&T Corp., the construction unit of Samsung Group, has announced that it has secured a USD 510 million factory deal from Vietnam. In a statement on Feb. 2, Samsung C&T said it has been contracted by PetroVietnam Power Corporation to build the Southeast Asian country’s first combined cycle power plant, Vietnam News Agency reported. ###: Vietnam is confident in reopening economy as country could miss development opportunities if it waits Samsung C&T will form a consortium with local builder Lilama Corp. to build gas and steam turbines, heat recovery steam generators, substations and power lines for the plant, it…
Want to lease, rent or buy a new home in Vietnam? Here are the most important legal documents you need to know about your property rights in the country. In recent years, Vietnam’s strong economic growth as an emerging country has fueled interest in the country’s real estate market. When entering this market, it can be daunting to know the difference between the different types of real estate ownership and the qualification process for each. Here is a digestible overview of these documents to better prepare you for your foreign property trip in Vietnam. Let’s start! Deposit Agreement The down…
Speakers at Techfest Vietnam 2021, the largest annual event for innovative start-ups in Việt Nam which has finished its 7th edition last year. — VNA Photo Dương Giang HÀ NỘI — Việt Nam has set a target to speed up the development of science and technology for the 2021-30 period with the establishment of modern research and development centers in both public and private sectors as a core mission objective. Technology and innovation play a key role in improving Vietnamese firms’ productivity, product quality and competitiveness as well as the country’s socio-economic development, said deputy minister of science and technology…
Living in Vietnam can provide a real taste of life in the East. Expats are drawn to Vietnam’s beautiful weather, low cost of living, vibrant culture and steady improvements in infrastructure. Despite the benefits, there are still some issues that expats regularly complain about when living in Vietnam. Here is a story from Rick Ellis, an expatriate in Vietnam. My most recent update was a reassuring nag about the lack of motivation often displayed by university students and young graduates embarking on their working careers here in Vietnam. As a result of the article above, almost all of the interactions…
Việt Nam national women’s team vs Thailand in the play-offs of the AFC Women’s Asian Cup 2022. — Photo the-afc.com Football By Thanh Nga NAVI MUMBAI — Following the 3-1 win of the Vietnamese national men’s football team against China in the third round of World Cup qualification, more good news came in the Lunar New Year as the Việt Nam national women’s team beat Thailand 2-0 in the AFC Women’s Asian Cup 2022 play-offs, held in India on Wednesday afternoon. Việt Nam dominated the game right from the opening whistle, and Cù Huỳnh Như…
Vietnam has registered 8,744 new Covid cases, down 2,289 cases from yesterday. This is the lowest number of daily cases since Nov. 21 last year, the health ministry reported on Feb. 2. Of the new cases, 22 were imported and 8,722 were transferred locally, according to the health ministry. ###: Vietnam is confident in reopening economy as country could miss development opportunities if it waits Hanoi registered the highest number of domestic infections with 2,716, followed by Danang with 778, Thanh Hoa with 353, Haiphong with 283, Hai Duong with 233 and Quang Nam with 221. In addition, Phu Tho,…
In the period 2016-2020, the average investment capital for manufacturing and business of Vietnamese enterprises reached about VND 34.3 trillion per year and about 15,000 enterprises were dissolved annually. The Ministry of Planning and Investment is preparing a resolution to support and develop Vietnamese businesses for 2021-2025, replacing Resolution No. 35/NQ-CP of 16 May 2016. ###: How to register a company in Vietnam as foreign investors? In a review of business development in Vietnam in 2016-2020, the Ministry of Planning and Investment revealed that the growth rate of the number of newly created enterprises reached an average of 10.5% per…
Overseas Vietnamese getting ready for the Lunar New Year SportNews / Times24H