Up to 200 domestic and overseas businesses are joining International Vietbuild Exhibition 2022 in Da Nang. — Photo cafeland.vn The International Vietbuild Exhibition 2022 is underway in the central city of Da Nang with the participation of more than 200 domestic and overseas businesses. The exhibition showcases a wide range of products in construction, building materials, exterior-interior decoration, solar energy machines, and smart home technologies in 1,000 booths. In his speech at the exhibition's opening ceremony on Wednesday, Deputy Minister of Construction Nguyen Van Sinh praised the event's contribution to supporting the implementation of State guidelines and policies on construction and real estate, trade promotion, technology transfer, brand development and investment co-operation. It would also help connect supply and demand, especially in the context of the country's economic recovery after the COVID-19 pandemic, Sinh said. Meanwhile, organisers said the event … [Read more...] about Da Nang hosts Vietbuild 2022
Hiring 2022 batch
Hanoi hosts second Vietnamese Goods Week 2022
The second Vietnamese Goods Week 2022 is underway until May 22. A trade fair promoting Vietnamese goods and featuring 90 stalls is taking place at Trinh Cong Son pedestrian street, Nhat Tan Ward, Tay Ho District, Hanoi. Local consumers are shopping at the Vietnamese Goods Week 2022. Photo: hanoimoi.com.vn With the theme "Vietnamese branded goods create a driving force for the country's economy to develop sustainably", the Hanoi’s Vietnamese Goods Week 2022 is aimed at stimulating consumer demand as well as bringing Vietnamese goods to people and tourists in the city. The fair has a scale of 90 booths displaying consumer goods, products from craft village and those in agricultural, forestry and fishery sectors, safe and organic food, merchandise ranked by the One Commune One Product (OCOP) program, among other Vietnamese goods. Tran Thi Phuong Lan, Acting Director of the Hanoi Department of Industry and Trade, said that through the Vietnamese Goods Week … [Read more...] about Hanoi hosts second Vietnamese Goods Week 2022
Economic growth in 2022 forecasted to be from 5.2 to 6.2 percent
The Vietnam Economic Annual Report 2022, titled "Upgrading the digital platform for the service industry", is published on the morning of May 20 by the VEPR. The Vietnam Economic Annual Report 2022, titled "Upgrading the digital platform for the service industry", was published on the morning of May 20 by the VEPR under the University of Economics - Vietnam National University, Hanoi. Noticeably, VEPR has forecasted three growth scenarios for Vietnam's economy in 2022 Forecasting Vietnam's economy in 2022, VEPR assessed that the economy is in recovery but will continue to face many difficulties and obstacles. The first is the risk from the pandemic - the risk of the emergence of new virus strains, although recent developments indicate an improvement in global disease control. Secondly, inflation pressure and production costs are increasing strongly. The third is the risk from the Russia-Ukraine conflict. Although the direct impacts are not too great because bilateral … [Read more...] about Economic growth in 2022 forecasted to be from 5.2 to 6.2 percent
Đà Nẵng hosts Vietbuild 2022
Up to 200 domestic and overseas businesses are joining International Vietbuild Exhibition 2022 in Đà Nẵng. — Photo cafeland.vn ĐÀ NẴNG — The International Vietbuild Exhibition 2022 is underway in the central city of Đà Nẵng with the participation of more than 200 domestic and overseas businesses. The exhibition showcases a wide range of products in construction, building materials, exterior-interior decoration, solar energy machines, and smart home technologies in 1,000 booths. In his speech at the exhibition's opening ceremony on Wednesday, Deputy Minister of Construction Nguyễn Văn Sinh praised the event's contribution to supporting the implementation of State guidelines and policies on construction and real estate, trade promotion, technology transfer, brand development and investment co-operation . It would also help connect supply and demand, especially in the context of the country's economic recovery after the COVID-19 pandemic, Sinh said. … [Read more...] about Đà Nẵng hosts Vietbuild 2022
Vietnam Blockchain Summit 2022 to take place in July
The Vietnam Blockchain Summit 2022 will take place on July 21-22. (Photo courtesy of VINASA) Hanoi (VNA) - The Vietnam Blockchain Summit 2022 will take place at the National Conference Centre of Vietnam in Hanoi on July 21-22. The event will bring together more than 2,500 delegates from management units, enterprises, investment funds, domestic and international organisations and individuals. The summit is an annual event on a national and international scale. Being organised for the first time by VINASA and Vietnam Blockchain Association, the programme is oriented to become a prestigious annual destination, in the chain of events of the blockchain world. This year’s event is organised to accompany the Government, agencies, ministries, sectors and businesses in orienting, developing, and promoting the application of blockchain technology in Vietnam, and at the same time making an impression on the country’s blockchain development, creating a destination for investors, … [Read more...] about Vietnam Blockchain Summit 2022 to take place in July
Techcombank eyes seat at top Southeast Asian banking table
"Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us deliver stellar performance year after year," said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a "stable and cheap" source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last year, on its way to the bank’s target of 55 percent by 2025. Techcombank’s net interest margin (NIM), a measure of the difference between the interest received by the bank and the amount paid out to lenders, also increased 69 basis points to 5.6 percent during the year. "Together, these improving metrics, along with our effective cost management, translated into an excellent profit before tax … [Read more...] about Techcombank eyes seat at top Southeast Asian banking table
Vietnamese consumers’ growing interest in Australian F&B products
Shannon Leahy, trade commissioner for Austrade, and general director of BRG Retail Nguyen Thi Thanh Thuy. Photo: Austrade Australia is one of Vietnam’s major suppliers of beef ad lamb products. Local consumers can enjoy a growing range of Australian products from fresh fruits, dairy, seafood, and beverages including a diverse range of sparkling, red, and white wines. Cherries, citrus, table grapes, milk, yoghurt, cheese, cereals, juices, rock lobsters, and abalone are just some of the beloved Australian products that have made it into Vietnamese stores, restaurants, and homes. General director of BRG Retail Nguyen Thi Thanh Thuy said, “Vietnamese consumers increasingly demand clean, fresh, and delicious products with premium quality and transparent origins regardless of if they are eating out or at home. Australian suppliers can offer exactly what they want, including high-quality sustainable meat, delicious fruits, the finest dairy and cereals, and premium seafood … [Read more...] about Vietnamese consumers’ growing interest in Australian F&B products
Vietnam joins efforts to restore ecosystems
Van Long Wetland Nature Reserve (Photo: VNA) Hanoi (VNA) – Vietnam is joining common efforts to restore the ecosystems in response to International Day for Biological Diversity 2022 themed “Building a shared future for all life”. biodiversity degradation and ecosystem imbalance remains high, directly affecting food security, and driving people to the risk of poverty, genetic resource depletion, and especially climate change. Therefore, the restoration and protection of ecosystems and biodiversity has become a global issue. Coral reef in Phan Rang-Thap Cham city, Ninh Thuan (Photo: VNA) Vietnam is considered one of the most important areas in the flyway network of migratory and endemic birds, with 63 globally important bird zones and seven endemic bird zones. Most recently on May 17, the Deputy PM signed a decree on a number of urgent tasks and solutions to protect wild and migratory birds in Vietnam./. VNA … [Read more...] about Vietnam joins efforts to restore ecosystems
Vietnam experiences a strong recovery amidst external headwinds
Vietnam experiences a strong recovery Sanjay Kalra, group head and lead economist of the ASEAN+3 Macroeconomic Research Office (AMRO) said, “The Vietnamese economy is expected to grow at 6.3 per cent this year and 6.5 per cent in 2023 and inflation is projected to remain contained. This positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investments inflows bolstered by an appropriate macroeconomic policy stance.” Thanks to the easing of restrictions and domestic containment measures, the aggregate output gap is expected to narrow significantly by the end of the year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality, and logistics sectors. Consumer price inflation is projected to remain contained under 3.5 per cent as the authorities plan to utilise … [Read more...] about Vietnam experiences a strong recovery amidst external headwinds
Vietnam’s Techcombank is on track for seat at top table of ASEAN banks
Aiming to become one of the top 10 banks in ASEAN, Vietnam’s Techcombank is prioritizing sustainable growth over the long term, even as the bank delivered another year of sizzling hot growth in 2021. The rate of Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s “billion-dollar profit” club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the lender continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last … [Read more...] about Vietnam’s Techcombank is on track for seat at top table of ASEAN banks