Pay rise 2022

Cashew exports reduced both in volume and value in the first five months of the year. — Photo congthuong.vn Viet Nam’s cashew exports reduced significantly in both volume and value in the first months of the year, exports for the entire year are forecast to be lower than last year, according to the Viet Nam Cashew Association (Vinacas). Speaking at a meeting to review the industry’s performance in the first half of the year and set plans for the latter half, Tran Van Hiep, Vinacas’ deputy chairman, said cashew exports in the first five months fell by 7.81 per cent in volume and 6.81 per cent in value to 206,111 tonnes and US$1.19 billion, respectively. The average export price was about $5,792 per tonne, up 1.45 per cent over the same period in 2021. Enterprises imported about 968,000 tonnes of raw cashew nuts from abroad worth nearly $1.4 billion, down 35.24 per cent in volume and 37.84 per cent in value in the first five months. But the price of raw cashews imported from … [Read more...] about Cashew exports to slow in 2022 amid global inflation, Russia sanctions

A performance of the Gute Gute band from Israel attracts a large audience. (Photo: VNA) Thua Thien-Hue (VNA ) – Performances of the eight domestic and foreign art troupes on June 26 created a distinctive feature at the ongoing week-long Hue Festival 2022 in the ancient capital of the same name. The art troupe from the Central Highland province of Dak Lak brought in songs and dances honouring the beauty of mountainous areas, reflecting the aspiration and strength of the people who want to conquer heaven, earth and nature. Night performance s by domestic and foreign art troupes , which take place from 7.30 to 9.30pm every day, will last until June 29, admission is free. The new feature of the event is that the performances are held in the open air so audiences can enjoy and join in at the same time. The Hue Festival 2022 runs from June 25-30 with eight major programmes and many sidelines events in various locations along the city's famous Huong River./. VNA … [Read more...] about Night performances create distinctive feature at Hue Festival 2022

Designed by Vietnam contest is looking for works that make Hanoi “every-centimeter beautiful” and “more elegant” Rapid urbanization is making the public space of Hanoi become messy, with some areas deemed unsightly. A Hanoi’s public design competition is being held with the expectation that the capital will be “every-centimeter beautiful” and “more elegant”. An entry by late Spanish designer Diego Chula at the Designed by Vietnam Contest 2020. “New life/ Old Memories” is a design concept wishing to change the visual identities of metal fences that are being used in the public spaces in Hanoi. Photo: vietnamdesignweek.com A meaningful contest The Designed by Vietnam Contest, launched by the Vietnam National Institute of Culture and Arts Studies (VICAS) and Vietnam Design Group, is a part of Vietnam Design Week (VNDW) 2022. The third season of the contest is the first time it has included a public space design competition dedicated to Hanoi city, with … [Read more...] about Designed by Vietnam 2022 contest: for Hanoi to be beautiful in every centimeter

The Vietnamese coworking market is growing exponentially as more and more people become aware of the benefits this niche brings from a business and productivity point of view. This year, Hanoi coworking supply is predicted to rise due to the continuing high demand as global providers will expand their locations in Vietnam during the next few years. According to a latest related report on Vietnam's office market, global providers The Hive and Compass offices stated their intention to expand  businesses, seeking valuable consolidation opportunities and partnerships. One of Toong's coworking locations. Photo: Toong Numerous providers expand rapidly The Market Insight Report “Coworking & Flexible Workspace in Vietnam 2022” conducted by Acclime Vietnam supported by Knight Frank showed that as the market growth rate of flexible workspace develops sustainably, numerous providers have emerged in the sector and expanded rapidly. Alongside … [Read more...] about Global providers’ expansion plans make Hanoi coworking supply rise

The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022

Vietjet and Da Nang city signed a 5-year strategic cooperation memorandum to develop tourism and aviation and announced the opening of seven new international routes connecting the city and other countries. — Photo courtesy of Vietjet Vietjet and the People’s Committee of Da Nang City have signed a Memorandum of Understanding for five-year strategic cooperation to support the development and contribute to the socio-economic development of Viet Nam and Da Nang. The MoU was inked last week at the Da Nang Investment Forum 2022 under the presence of Prime Minister Pham Minh Chinh. From now until 2027, Vietjet will coordinate to promote the image of Da Nang to domestic and international tourists and promote trade, tourism, and investment in the city. Vietjet will also paint the tourism brand of Da Nang on the aircraft to bring the image of the city to all countries and destinations the airline has flown to while teaming up with Da Nang in stimulus events and investment … [Read more...] about Vietjet announces new int’l routes at Da Nang Investment Forum 2022

Workers process pineapple for export at the factory of the An Giang Agriculture and Food Import - Export Company. (Photo: VNA) Hanoi (VNA) – Vietnam has recorded impressive growth in exports to Hungary in recent years, statistics showed. Exports from Vietnam to Hungary increased eight-fold to 1 billion USD in 2020 from 124.2 million USD in 2016. The figure stood at 842.7 million USD in the first 10 months of 2021, up 5% year on year, according to data from the European country. Though shipments of agricultural and food products remain modest, the revenue posted a strong increase in the recent past as seen in some key exports. Vietnam exported almost 4.4 million USD worth of processed coffee to Hungary in 2020, surging 38-fold from four years earlier, and 7.13 million USD during January - October of 2021, up 85.6% year on year. Cashew nut exports grew 27.7% to nearly 2.4 million USD in 2020 compared to 2016, and 11.6% year on year to 2.2 million USD in the first 10 … [Read more...] about Vietnam’s exports to Hungary on the rise

As the first step in the airline's cooperation commitments with the city, the routes will link the Da Nang with Singapore, Busan of the RoK, and five cities of Indian - New Delhi, Mumbai, Hyderabad, Ahmedabad and Bangalore. They will operate from July, with four to seven return flights per week, meeting the demand for tourism, trade, investment, and visiting relatives. Vietjet Vice President Nguyen Thanh Son said, "Da Nang is one of the most attractive destinations for international tourists in Vietnam. Vietjet has transported nearly 22 million passengers from/to Da Nang until now, currently operated eight domestic and five international routes flying from/to Da Nang. Vietjet believes that the new routes announced today will continue to contribute to opening more opportunities, promoting economic, trade and business investment between Da Nang city and other cities, countries in the region." At the event, Vietjet signed a Memorandum of Understanding on a five-year strategic … [Read more...] about Vietjet launches 7 new international routes at Da Nang Investment Forum 2022

Additionally-registered and share-purchased FDI soared sharply in the first half of the year According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted newly-registered FDI inflows of about $14 billion in the first half of the year, equivalent to 91.1 per cent of the previous year's total. Of this, $4.9 billion was poured into 752 newly-licensed projects, a slight decrease of 6.5 per cent in the number of projects, and a sharp reduction of 48.2 per cent in value. Another $6.8 billion was added to 487 projects currently underway, a rise of 65.6 per cent in value and 5.9 per cent in number. Overseas investors also poured almost $2.3 billion into just over 1,700 share purchase deals, an increase of 41.4 per cent over the same period last year. FDI disbursement climbed slightly by 8.9 per cent on-year, to around $10 billion. Almost 35,000 valid foreign-invested projects were accumulated across the country with a total registered capital … [Read more...] about Additionally-registered and share-purchased FDI soars sharply in first half of 2022

Vietjet and Đà Nẵng city signed a 5-year strategic cooperation memorandum to develop tourism and aviation and announced the opening of seven new international routes connecting the city and other countries. — Photo courtesy of Vietjet ĐÀ NẴNG — Vietjet and the People’s Committee of Đà Nẵng City have signed a Memorandum of Understanding for five-year strategic cooperation to support the development and contribute to the socio-economic development of Việt Nam and Đà Nẵng. The MoU was inked last week at the Đà Nẵng Investment Forum 2022 under the presence of Prime Minister Phạm Minh Chính. From now until 2027, Vietjet will coordinate to promote the image of Đà Nẵng to domestic and international tourists and promote trade, tourism, and investment in the city. Vietjet will also paint the tourism brand of Đà Nẵng on the aircraft to bring the image of the city to all countries and destinations the airline has flown to while teaming up with Đà Nẵng in stimulus events … [Read more...] about Vietjet announces new int’l routes at Đà Nẵng Investment Forum 2022