VIETNAM: NEW ERA

Vietnam’s economy shows robust growth across sectors in the first half of the year.

Intricate costumes, from trousers, shirts to scarves and hats, are made of brocade fabrics by skilled residents and artisans of ethnic group Lo Lo in Meo Vac district, Ha Giang province. The exceptionally unique products are rich in the traditional culture of the ethnic group.

The supply of new apartments in Hanoi increased fourfold in the second quarter of 2024 from the previous quarter, according to CBRE Vietnam.

Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period.

Thuy Xuan incense making village is not only a famous traditional craft village that is attached to the locals’ spiritual lives in the ancient capital of Hue, but also an attractive tourist destination for both domestic and international visitors.

Vietnam has surpassed Japan to top the list of favourable foreign destinations of Korean tourists, according to the travel trend analysis for the third quarter of 2024, which was released by the Republic of Korea travel firm Kyowon Tour Travel Easy on July 8.

In the strategy to restructure the agricultural sector towards high-tech application and the search for new high-value crops to diversify the core group of export agricultural products, Gia Lai province has introduced the cultivation of Pink Cavendish banana variety, originally from South America. This has quickly yielded success in many potential export markets.

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD. This represents an increase of 10.4% in volume and 32% in value compared to the same period last year.

Vietnam’s goods export turnover was estimated at 190.08 billion USD in the first half of 2024, a year on year rise of 14.5% and pushing up the country's trade surplus to 11.63 billion USD.

The Ministry of Information and Communications will turn off 2G technology on land from September 16. Telecom service providers are being urged to take drastic measures to support their subscribers to switch to mobile phones with higher technology to ensure their interests.

Through many generations, the Lu ethnic people in Ban Hon commune, Tam Duong district in the northern province of Lai Chau have regarded brocade weaving as a testament to a woman’s skill, with a brocade weaving loom being an essential part of every Lu household.

Vietnam’s ratings affirmed at “BB+” with stable outlook

EuroCham confident in Vietnam's stable economic development

Ho Chi Minh City and Hanoi have been listed as emergers in the Asia-Pacific region in the first Inclusive Cities Barometer recently released by Cushman & Wakefield, a leading global real estate services firm.

25 years since receiving the title “City for Peace,” Hanoi has recorded positive and comprehensive changes, becoming a safe and friendly destination. The capital has also been widely promoted among international friends, and garnered high praise from international organizations.

The number of international visitors to Vietnam in the first half of 2024 surpassed that in the same period of 2019, with those from India rocketing 312% from the pre-pandemic level.

The cultural cooperation between Vietnam and Russia has a longstanding history and is thriving. Promoting this tradition, the 2024 Vietnamese Culture Days in Russia program is being held in Moscow from July 2.

Quy Nhon coastal city in Binh Dinh province is blessed with diverse and abundant seafood, especially tuna. Known as the "spotlight of the sea," tuna is versatile in many culinary preparations, but its unique delicacy, the tuna eyeball, stands out.

Thirteen Vietnamese universities have been listed in the Impact Rankings 2024 released recently by the Times Higher Education (THE).

During the first five months of this year, Vietnam emerged as the top country in terms of market share for textile and garment exports to the United States, surpassing China. According to the Vietnam National Textile and Garment Group, Vietnam also recorded the highest export growth among the world’s top three exporters in this category.