Vietnamese newspaper articles

While there are many young workers in cities who are working hard to own a house, there are also some people who have decided to give up this dream for certain reasons. Giving up a mental burden Huynh Anh Tuan, a city dweller of Phu Huu District in Thu Duc City, Ho Chi Minh City, who suffered from a sharp drop in income during the COVID -19 pandemic, decided not to pursue his dream of owning a home. When he gave up on the plan, he felt relaxed after the great pressure was gone. Tuan set a goal many years ago to own his own home before he turned 30. To that end, Tuan took on many freelance jobs after graduating from college and invested a small amount in stocks. In addition, an acquaintance promised to lend him VND500 million ($21,650) if he bought a house, which fueled his strategy over time, at least before the pandemic. Although he had such an ambitious plan, now, at the age of 28, Huynh Anh Tuan is changing his mind because of COVID -19. As a freelancer, Tuan has … [Read more...] about “To buy or not to buy a house” an important question

In April, Viet Nam's cashew exports reached 49,000 tonnes, earning US$290 million. — Photo dangcongsan.vn Enterprises should prioritise investment in developing value-added cashew products to avoid losing its market share instead of only focusing on wholesale, according to experts. Viet Nam's cashew nut is dominant in the EU market, however, it is mainly raw material and there are very few processed products, especially roasted and spiced products according to the taste of EU customers. Meanwhile, products made from cashews, especially spiced cashews, chocolate covered cashews, cashew milk, and cashew yoghurt, are becoming more and more popular for EU consumers because they are healthy alternative foods. “Diversifying cashew products has also pushed the demand for those products up in the EU market. Domestic enterprises need to have market research and investment in the processing stage to maintain their market shares in this market," Vu Anh Son, a representative of the Viet … [Read more...] about Viet Nam should prioritise value added cashew products for EU market

Hundreds of athletes, artists, and local residents participated in a charity run in Ho Chi Minh City on Sunday morning to mark the 15th anniversary of the Tuoi Tre (Youth) newspaper-backed Thuy’s Dream Foundation for children with cancer. The Sunflower Run, organized by Tuoi Tre, the Vietnam Youth Union in Ho Chi Minh City, and the Students Assistance Center, kicked off at the Vinhomes Central Park in Binh Thanh District at 7:00 am on Sunday. The event attracted hundreds of athletes, artists, and local residents. Participants join the Sunflower Run in Binh Thanh District, Ho Chi Minh City, May 22, 2022. Photo: Phuong Quyen / Tuoi Tre Aside from the offline race, an online run as part of the event will also take place from May 22 to June 22. For each of the first 5,000 participants who sign up for the online race, Tam An General Hospital will donate VND100,000 (US$4.3) to the fund for children with cancer. Participants can register for either the … [Read more...] about Hundreds run to raise fund for children with cancer in Ho Chi Minh City

This collection of little gems comes from exchanges with expats and tourists over the years – here in Vietnam, abroad at overseas living conferences and meetings, and, best of all for candid input, coffee shops and ‘belly up to the bar sessions’ in various places around the world. Conference attendees for the most part have never visited Vietnam, so their views are distant and often skewed, with eyes glossed over and wide open like saucers as reality is revealed. Do they use money in Vietnam or is there some type of bartering system? Seasoned veterans see that question as absurd, but to the uninitiated it’s a query worthy of clarification. Vietnam is often perceived by those from developed countries as a distant and eccentric country, while reality is it would be a struggle to find more business-oriented people anywhere in the world. I reply: “Cash is king. Just pop into a bank for a glimpse at how the                                          commercial system works here, … [Read more...] about Questions foreigners ask about Vietnam

Vietnam and Australia are both members of at least three free trade agreements, namely ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), CPTPP and the Regional Economic Comprehensive Economic Partnership (RCEP). According to data of the General Statistics Office of Vietnam, last year, two-way trade between Vietnam and Australia hit 12.4 billion USD for the first time, up more than 49 percent compared with that of 2020. The value of shipments to Australia reached more than 4.45 billion USD, a year-on-year increase of 23 percent. Vietnam spent nearly 8 billion USD in importing goods from Australia, up nearly 70 percent against 2020’s figure. Vietnam's exports to Australia are growing strongly, reaching 1.38 billion USD in the first quarter of 2022, a surge of 32.36 percent against the same period last year. Sharp increases were seen in Vietnam’s export of various agricultural and industrial products to Australia, for example 84 percent in coffee, 51 percent in aquatic … [Read more...] about CPTPP helps leverage Vietnam – Australia investment cooperation