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International arrivals in Vietnam surge over 12-fold year on year

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Vietnam has welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, the General Statistics Office (GSO) said on May 29.

International arrivals in Vietnam surge over 12-fold year on year hinh anh 1Illustrative image (Source: thanhnien.vn)

Hanoi – Vietnam has
welcomed nearly 4.6 million international arrivals in the first five months of
2023, soaring 12.6-fold from the same period last year, the General Statistics
Office (GSO) said on May 29.

Of the international arrivals, 88% came
to the country by air, 10.9% by road, and 1.1% by sea.

Revenue from tourism services went up
89.4% while earnings from accommodation and restaurant services rose 22.1%, the
GSO said, attributing the increases partly to many holidays during the five
months.

However, the number of foreign
visitors in May fell 6.9% from the previous month.

International arrivals in Vietnam surge over 12-fold year on year hinh anh 2Foreign visitors to Hoi An city, a famous destination in the central province of Quang Nam (Photo: VNA)

Recently, Vietnamese tourism has
continually been honoured by foreign media, helping enhance its attractiveness
to international travellers.

Notably, Cat Ba of Ha Phong city has been given the second place among the 10
most spectacular beaches in Asia by Microsoft Travel; Ninh Binh province named among the world’s top 10 best hidden
family vacation spots to visit in 2023 by Canada’s The Travel magazine; and the  North-South, or Thong Nhat (Reunification), railway listed one of the world’s most
amazing train journeys by the Australian version of renowned travel guide book
publisher Lonely Planet.

Meanwhile, Vietnamese fried spring rolls (known as “nem ran” in the north and
“cha gio” in the south in Vietnam) and summer rolls (“goi cuon”) are on the
list of 50 most popular appetizers in the world
compiled by international food magazine Taste Atlas.

In May, Prime Minister Pham Minh
Chinh signed off the Government’s Resolution No 82/NQ-CP on the main tasks and
measures for accelerating effective and sustainable tourism recovery and
development. It specified many groups of measures for developing tourism into a
key economic sector so as to turn Vietnam into one of the 30 countries with the
highest tourism competitiveness./.

Source: https://en.vietnamplus.vn/international-arrivals-in-vietnam-surge-over-12fold-year-on-year/253791.vnp

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Zhejiang Trade Exhibition opens in Hanoi

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3 hours ago

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October 4, 2023

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The 2023 Zhejiang International Trade Exhibition and the 11th Zhejiang Export Fair, the largest and oldest expo independently held by China’s Zhejiang authority in ASEAN, opened at the Hanoi International Convention Centre on September 28.

Zhejiang Trade Exhibition opens in Hanoi hinh anh 1At the opening ceremony of the exhibition (Photo: VNA)

Hanoi – The 2023 Zhejiang International Trade Exhibition
and the 11th Zhejiang Export Fair, the largest and oldest expo independently
held by China’s Zhejiang authority in ASEAN, opened at the Hanoi International
Convention Centre on September 28.

The 4,000sq.m expo features 120 booths, displaying
products in hardware and machinery, textiles and inputs, interior and exterior
furniture, electronics and household appliances.

The three-day event is hosted by the Department of Commerce of Zhejiang province, and co-organised by Zhejiang Yuanda International Exhibition Co Ltd and
the Vietnam National Trade Fair and Advertising Company (VINEXAD).

Deputy Director of the Asia-Africa Market Development under the Ministry of
Industry and Trade  (MoIT) To Ngoc Son
said this is the 11th year the two sides have coordinated to
organise the trade promotion activity which marks the full recovery of economic
and trade exchanges between the two nations after three years of hiatus due to COVID-19.

Zhejiang Trade Exhibition opens in Hanoi hinh anh 2Deputy Director of the Asia-Africa Market Development To Ngoc Son speaks at the opening ceremony. (Photo: VNA)

The event is expected to create more cooperation opportunities for businesses
from both nations in the context that the global economy is facing a gloomy outlook,
he said, adding Zhejiang province – an important gateway in China’s eastern
region has an important role to play in the Vietnam – China trade, with Vietnam
– Zhejiang trade revenue accounting for 10% of the total trade between
the two nations in 2022.

Launched in 2011, the expo has been a platform not only for product exhibition
and promotion but also for Vietnam and China to strengthen economic and cultural
exchanges and multifaceted cooperation between their localities.

Last year, Zhejiang’s exports
to Vietnam reached 14.5 billion USD, an increase of 17.99%, while imports were 6
billion USD, up 14.21% over the same period last year.

The exhibition will run until September 30./.

Source: https://en.vietnamplus.vn/zhejiang-trade-exhibition-opens-in-hanoi/268734.vnp

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Vietnam’s nine-month economic growth reported at 4.24% YoY

The country’s GDP grew by 4.24% in the first 9 months, exceeding the growth rate of 2.19% and 1.57% in 2020 and 2021, according to data from the General Statistics Office.

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4 hours ago

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October 4, 2023

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The results suggest that the economy is experiencing a notable upswing, potentially due to favorable economic politics or external factors.

The gross domestic product in the July-September quarter was estimated to increase by 5.33% from a year earlier, faster than the growth rate of 4.05% in the second quarter.

The recent growth registered in the country’s economy is a positive sign, indicating a continued recovery from the pandemic-induced downturn. Despite a slight decrease in growth compared to the same period last year, the economy remains stable and may continue to grow in the coming months.

In September, the consumer price index increased by 3.66% compared to the same period last year. The average value recorded in the third quarter of 2023 grew by 2.89% compared to the third quarter of 2022.

In the reviewed period, the total import and export turnover of goods reached $497.66 billion, down 11% over the same period last year. Of which export value hit $259.67 billion, down by 8.2%, while import value hit $237.99 billion, down 13.8%.

With regard to trade balance, the country posted a trade surplus of $2.29 billion in September and $21.68 billion during the nine months.

Industrial production in September increased by 5.1% year on year, up 0.1% from the previous month, while the January-September period showed an increase of 0.3% from the previous year.

In addition, the total retail sales and consumer service revenue in the first 9 months of 2023 is estimated to reach VND 4,567.8 trillion, an increase of 9.7% year on year (the same period in 2022 increased 20.9%). 

Source: https://e.nhipcaudautu.vn/economy/vietnams-nine-month-economic-growth-reported-at-424-yoy-3355298/

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International packaging firms eye Vietnamese market

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6 hours ago

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October 4, 2023

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Over 400 exhibitors from 17 countries and territories are joining the 21st Vietnam International Printing and Packaging Industry Exhibition (VietnamPrintPack 2023), which opened in Ho Chi Minh City on Wednesday, in search of investment and cooperation opportunities.

The participating printing and packaging enterprises come from Germany, China, Japan, South Korea, Switzerland, Britain, and the United States.

According to insiders, Vietnam faces a shortage of providers of high-quality printing and packaging services and products.

VietnamPrintPack plays a key role in helping foster the printing and packaging industry in Vietnam. 

It has also paved the way for domestic firms to seek appropriate solutions and technologies, and for foreigners to do business in the Southeast Asian nation.

The exhibition covers an area of over 20,000 square meters and features 910 booths showcasing the latest products and services in the industry.

China’s Masterwork Group, which has joined the annual exhibition for the first time, is using the event to showcase its folding and gluing machines, as well as other products.

The expo is scheduled to wrap up on Saturday.

Vietnam’s printing and packaging industry is growing quickly, creating much potential for foreign investors and producers.

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Source: https://tuoitrenews.vn/news/business/20230928/international-packaging-firms-eye-vietnamese-market/75845.html

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