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A new survey by HCMC-based market research firm Decision Lab finds that female consumers can make or break the food and beverage industry of Vietnam. Average visits per capita by female consumers to the out of home food and beverage market has increased by 5 percent during last year, from 121 between the fourth quarter of 2016 and the third quarter last year to 128 between the fourth quarter last year and the third quarter this year. Women have also increased spending on almost all major food channels in Vietnam, namely full service restaurants (FSR), or sit down eateries where food is served directly to the customers' table, and quick service restaurants (QSR), where table service is minimal and the typical fare is fast food, street food, convenience stores, canteens and bars. As a result, women’s contribution to the out of home market revenue has increased by a whopping 10 percent. Among the women themselves, the 15-34 year-old segment accounts for 82 percent of the visits in … [Read more...] about Women can make or break Vietnam’s F&B industry

(Photo: Kim Dong Publishing House) Hanoi (VNA) – The Kim Dong Publishing House has released a pictorial book series written by Russian authors to mark the Vietnam-Russia Friendship Year and the Russia-Vietnam Friendship Year in 2019. The publication is also intended to celebrate the 70th founding anniversary of the Vietnam-Russia diplomatic relations in the next year. The series, created by Vitali Bianki and Vladimia Sevchenko, is based on a journey of two elephants which were Vietnam’s gift to Saint Petersburg city of Russia in 1954. The elephants have become a symbol of friendship and solidarity between the two nations, which was fostered by late President Ho Chi Minh./.  VNA … [Read more...] about Book on 70th anniversary of Vietnam-Russia ties launched

The U.S. was Vietnam’s largest export market in the first five months with a value of $22.6 billion, up 28 percent year-on-year. China came second with $13.4 billion, down 2.6 percent, according to Vietnam's General Statistics Office.  Vietnam was the U.S.’s 12th largest supplier last year, but if this pace of growth is sustained for a full year, it could leapfrog Italy, France, the U.K., and India in the ranks of top exporters to the U.S, Bloomberg said in a new report. The country has become a standout in a region where the world’s export engines are largely hurting amid trade-war tensions and a slowing electronics cycle, the report added. U.S. Census Bureau data shows Japan, South Korea, Singapore, and Taiwan all saw export contractions in April, while in the same month Vietnam’s exports gained 7.5 percent from a year earlier.  Experts have called Vietnam a "winner" of the trade war as it has received increasing investment as major … [Read more...] about Vietnam exports to US rise 28 pct as China-US trade war intensifies

"The trade war is going beyond analysts’ ability to predict and forecast. It poses big challenges to countries which trade with the U.S. and China, including Vietnam," Deputy Minister of Trade and Industry Tran Quoc Khanh said at a recent meeting:  Vietnam’s exports in the first six months rose 7.2 percent year-on-year, lower than the average growth of 11.6 percent in the last five years, according to customs data. RongViet Securities Corporation (VDSC) said in a newly-released note that export growth for the year could be 8 percent. It was 13.2 percent last year. The risk is even higher as China depreciates its currency to respond to the U.S.’s recent announcement of a tariff hike on $300 billion of its goods. The yuan slid to 7.0039 per dollar on Thursday as a result, the lowest level since April 2008. Economist Nguyen Tri Hieu said a depreciating yuan would pose a challenge to Vietnamese goods trying to enter China as cheaper Chinese goods will pour into … [Read more...] about Escalating trade war to hit Vietnam’s exports

Members of the Vietnam Archaeological Institute and the Bac Kan Museum have found that many places in the province’s Ba Be District have traces of human presence dating back 8,000-9,000 years. Trinh Nang Chung, head of the research team, said the overall study has determined that the relics are from the Hoa Binh Culture of the New Stone Age (Neolithic Era). In Puong Cave, a part of the Ba Be National Park, the team dug and explored a five-meter-square lake where they found vestiges of two old kitchens. The team has not detected any grave remains at the sites, so far. Nearly 100 relics, mostly stone and bone, were found almost throughout the cave areas. Stone tools like short axes, rough cutting tools and oval-shaped tools were crafted from pebbles found in rivers and streams, bearing characteristics of the Hoa Binh Culture, archaeologists say. The tools were crafted with rough, rudimentary techniques. The oval-shaped tools in particular and the short axes show adjustments … [Read more...] about Archaeologists discover prehistoric relics inside northern Vietnam caves