In 2020-2021, despite being heavily affected by the COVID-19 epidemic, Vietnam’s GDP still maintained positive growth, mainly thanks to the growth of import-export and investment, especially foreign direct investment. In fact, a number of industries recovered strongly after the epidemic such as retail, personal goods, and pharmaceuticals, due to a good recovery in domestic demand. Construction industry pins hope in public investment, FDI and real estate to bounce back. Some industries showed good recovery reaching close to the pre-pandemic period, including transportation, warehousing, and forestry, while logistics sector is expected to be a bright spot in the coming years. The Asian Development Bank has forecasted that Vietnam 's economic growth will recover to 6.5% in 2022 and reach 6.7% in 2023. The International Monetary Fund , meanwhile believes that the figures will be 6% in 2022 and 7.2% in 2023./. VNA … [Read more...] about Vietnam’s economy expects strong recovery
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The Partnership for Global Infrastructure and Investment, unveiled with fanfare by U.S. President Joe Biden and G7 allies from Canada, Germany, Italy, Japan and the European Union, aims to fill a huge gap left as communist China uses its economic clout to stretch diplomatic tentacles into the furthest reaches of the world. Biden said the target was for the United States to bring $200 billion to the table, with the rest of the G7 another $400 billion by 2027. Funding the kinds of projects that China currently dominates -- everything from roads to harbours in far-flung corners of the world -- is not "aid or charity," Biden said. Highlighting the geostrategic thinking behind the plan, Biden said such projects "deliver returns for everyone, including the American people and the people of all our nations." Around the world, the role of China's democratic rivals is "a chance for us to share our positive vision for the future" and for other countries to "see for themselves the … [Read more...] about G7 touts $600 bn global infrastructure plan to rival China
International School Ho Chi Minh City featured in Queen’s Official Platinum Jubilee Pageant Commemorative Album Dan Truong set to excite audiences at Sun Fest concert Schneider Electric launches inaugural Global Partner Recognition Program Dettol joins hands with HCMC University Medical Center to celebrate World Hand Hygiene Day Capella Hanoi Hotel ranked among top 100 in the world Marc-Antoine Lucchini, Head of Foundation and General Medicines at Sanofi , recently had a business trip to several Asian countries. Among those countries, Viet Nam was highly evaluated for its potential market for healthcare development. The effort of digital transformation and sustainability commitment from Sanofi Like many countries, Viet Nam is facing heavy burdens of morbidity and mortality caused by non-communicable diseases. Being able to control risk factors, improve disease prevention, make early diagnoses and manage treatments of such … [Read more...] about “Viet Nam is a promising market for healthcare,” Senior global leader of Sanofi shared of his business travel to Asia.
Denis Brunetti, president in Vietnam and Myanmar for Ericsson With digital transformation being accelerated in the manufacturing sector, what are the factors for the successful development of smart factories in Vietnam? The next wave of socioeconomic development in Vietnam will be created through innovation, science, and technology, driven by the digital economy. A key component of Vietnam’s socioeconomic development strategy is the digital economy, which will contribute 25 per cent of GDP by 2025 and 30 per cent by 2030. It will also further enhance productivity in all key economic sectors of Vietnam. The new digital economy will be created by scientific and technological advancements and innovation, particularly in areas such as 5G, AI, machine learning, automation, cloud computing, blockchain, and the Internet of Things (IoT). With our global scale and expertise, we look forward to supporting Vietnam with the expanded deployment of 4G and 5G networks moving forward. … [Read more...] about The path to success with smart 5G manufacturing in Vietnam
Chairman of the Korean Business Association in Việt Nam, Shon Young Il, speaks at a dialogue between Korean business executives and HCM City authorities on June 24. — VNA/VNS Photo Xuân Anh HCM CITY — The chairman of the Korean Chamber of Commerce and Industry in Việt Nam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city. Shon was speaking at a meeting between Korean business executives and city officials late last week organised by the People’s Committee and Korean consulate general in the city. The meeting was held to review the performance of Korean enterprises and for the city officials to listen to their problems and offered solutions. The problems discussed included some related to labour, with Shon saying a number of businesses complained about difficulties in obtaining work permits for foreign workers. Reducing costs, including salaries, is an imperative part of doing … [Read more...] about HCM City promises to ease problems faced by Korean investors
The Fusion brand has a unique identity, one built on an innovative take on wellness-inspired hospitality. Fusion Resort & Villas Danang – the first residential project of Fusion in Vietnam delivers on that identity, with its core values reflected in every detail of the property. Located on the coast of Non Nuoc Beach with an area of 15.75 hectares at the gateway to the UNESCO world natural heritages Hue, Hoi An Ancient Town, and My Son Sanctuary, Fusion Resort & Villas Danang is a special project developed by Lodgis Hospitality Holdings, a hotel investment platform and joint venture between Warburg Pincus and VinaCapital. Fusion Resort & Villas Danang will offer outstanding facilities and an array of dining options to render guests’ gastronomic journey memorable, with the resort’s overlooking the pool and ocean; a beachside grill house and bar restaurant, and another restaurant and bar located on the 10 th floor of the hotel. Diners can take in the panoramic … [Read more...] about Fusion Resort & Villas Danang celebrates premium launch