18:37 (GMT +7) - Wednesday 22/01/2020

ANNOUNCEMENT FROM VET EDITOR-IN-CHIEF

Dear readers,

On behalf of the Thoi bao Kinh te Vietnam (Vietnam Economic Times) Group and from myself personally, I would like to express our sincere gratitude to you for your support, without which our publications could not survive and develop. Media readership plays a vital role in any publication, as without readership a media organization has no reason to exist.

We are, however, regretful to announce that we must temporarily cease publication of our all newspapers, magazines, and online newspapers in order to restructure operations in accordance with the national roadmap for media development and management.

We apologize for interrupting our information service and hope to be back on track in the not-too-distant future.

I appreciate your understanding.

Yours truly,

Professor Dao Nguyen Cat

Editor-in-Chief

Vietnam Economic Times (VET)

Nielsen: Consumers prefer personal touch in purchasing decisions

Talking to friends a better source of information on products and services than going online, Nielsen report finds.

1

UK launches $2.6mn project to help Vietnam safeguard deltas

Project to support Vietnam's delta network for sustainable development.

2

Mövenpick debuts in Cam Ranh

Mövenpick Resort Cam Ranh, near Nha Trang, now welcoming guests.

3

PM issues Directive on digital technology enterprises

Directive touches on the many factors involved in bolstering local enterprises during Vietnam's digital transformation...

4

Vingroup shelves plans to launch Vinpearl Air

Local giant will, however, continue to train pilots at VinAviation academy.

5

MPI & WB release latest Vietnam Development Report

Report provides comprehensive overview of Vietnam's transport connectivity and how it supports three critical national...

6

Fusion Resorts & Hotels prepare for Valentine's Day

Wellness-inspired hospitality group offering a host of options for a special February 14.

7

Phu My Hung in HCMC set for annual Tet flower festival

Various types of flowers and flower and plant art works on display at January 17-29 festival.

8

Heritage Line sets course for sailing bliss on Lan Ha Bay

New Heritage Line Ylang now plying the bay's pristine waters.

9

BIDV introduces banking app on Apple Watch

First banking app on Apple Watch that enables bank transfers and phone recharging by voice now available.

10

Issue

The world experienced a degree of turmoil during 2019, with trade tensions going unresolved and talk of a return to widespread protectionism. Though coming through the year largely unscathed, Vietnam is nonetheless at the mercy of global movements. While 2020 is likely to see it continue its impressive growth journey, care must be taken to avoid the negatives and seize upon the positives as global circumstances play out.

Commodities

Crude Oil: $59.48 ? -0.27%
Copper: $2.64 ? 0.38%
Sugar: $134.30 ? 1.21%
Coffee: $12.05 ? -2.19%
Gas: $2.75 ? 0.00%
Corn: $375.25 ? -1.83%

Source: vietstock

Exchange Rates

Unit: VND

NABuySell
EURNANA
GBPNANA
JPYNANA
SGDNANA
USDNANA

Source: Vietcombank

Gold

Unit: milion VND/ounce

Province Buy Sell
SJC NA NA
Ring NA NA

Source: SJC

Weather

Hanoi, vn

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Sky is Clear

NA m/s Light breeze

South-southwest (NA)

NA% NA hPa

BUSINESS SPOTLIGHT

Editor’s letter

In the context of a slowing global economy, Vietnam’s economy performed very well in 2019. According to General Statistics Office’s announcement on December 27, GDP expanded by 7.2 per cent. Trade turnover is estimated to hit a record $517 billion, with a trade surplus posted for the fourth year in succession...
Vietnam assumes the Chairmanship of ASEAN in 2020 at a time of special significance, as 2020 also marks the 25th anniversary of its admission into the bloc. Vietnam is also a non-permanent member of the UN Security Council in 2020-2021...
Such posts enhance its position and profile in the region and the world... The growth forecast for Vietnam in 2020 is both strong and positive, and the new year looks to be one of continued prosperity.
Happy New Year to all of our readers and contributors! (read more)

GUIDE AWARDS WINNERS

Tet is approaching yet again, and The Guide this month looks at how it’s celebrated around the country, samples some typical Hanoi food trays, and takes in a number of rice contests. It also profiles a US photo-journalist with 30 years in Vietnam, and ventures out to a waterfall just north of HCMC.