Fun
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Vietnam to Host 2019 U.S.- N.Korea Summit
North Korea’s leader began his 2,400 mile trip from Pyongyang to Hà Nội on Saturday in his custom, olive green armored train. The train’s crossing into China follows days of speculation over Kim’s travel plans ahead of the talks scheduled for February 27 and 28. Accompanying the North Korean leader was right-hand man and top
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Key Facts and Figures of US-Vietnam Relations
Cooperation between Viet Nam and the US has expanded quickly over the past years, with the United States being one of Viet Nam’s biggest trade partners. Official Visits Secretary of Defense Ash Carter visited Viet Nam in June 2015, President Barack Obama in May 2016, Secretary of State John Kerry in February 2017,President Donald Trump
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Happy TET 2019 Year of the Pig
TET Vietnamese New Year 2019 is Year of the Pig. In Vietnamese culture, the pig is considered to be a calm and lucky animal, representing care-free fun, good fortune and wealth. The Lunar New Year is a celebration of fortune and happiness and one of the most important holidays in Vietnam. This year TET is February 5-12th. It is
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A Bright Future for Baseball in Vietnam
John DiGravio, a college student and baseball player from Williamstown, Massachusetts, is spending his winter semester to study abroad in Hanoi, Vietnam. As part of the political science course “Fieldwork in Public Affairs and Private Non-Profits,” he is volunteering with Bedrock Educational Consultants to provide academic mentoring and coaching to Vietnamese high school students. DiGravio contacted two Vietnamese teams,
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Happy Holidays from Vietnam!
Christmastime in Vietnam is a wildly fun and breathtakingly beautiful season. Glittering lights, ornate decorations, day and night festivities, entertainment galore, extravagant holiday foods, and Santas everywhere are sure to put you in the holiday spirit. There is something very special about Christmas here. Each province, city and town put their own special flair to create an incredible holiday
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500 largest enterprises in Vietnam
December 10. 2018 Vietnam’s private sector continued to show strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 per cent in the 2014-17 period. This information was included in the recently released VNR500 Ranking for 2018, which ranks the top 500 largest businesses in the country and is compiled
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Grant Thornton November Tax Newsletter
Update on the latest regulations and important tax policies in Vietnam: November 2018 – No.1 Grant Thornton Vietnam would like to update the latest regulations and important tax policies as follows: Decree No. 143/2018/ND-CP on compulsory Social Insurance (“SI”) for expatriates. Decree 140/2018/ND-CP amending some regulations on issuance of work permit. Circular No. 16/2018/TT-BGDDT prescribing the
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Adventure, Science and Research defined Dr. Alexandre Yersin
French doctor and bacteriologist Alexandre Yersin (1863-1943) who founded the Medical School of Ha Noi in 1902, is remembered as the co-discoverer of the bacillus responsible for the bubonic plague, which was later named in his honor. Dr. Yersin devoted the majority of his life to Viet Nam. If you ask people today who Alexandre
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French PM visits Vietnam
French Prime Minister Edouard Philippe enjoyed a three-day official visit to Vietnam at the invitation of his Vietnamese counterpart Nguyen Xuan Phuc. During his stay in Vietnam, PM Edouard Philippe held talks with PM Phuc and paid a courtesy visit to President Nguyen Phu Trong. The leaders discussed measures to bolster their bilateral ties, international and
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E-commerce is booming in Vietnam
Hanoi has enacted a wide range of measures to promote sustainable development of e-commerce activities, which have grown significantly this year with Vietnamese shoppers. According to a survey of 1,000 enterprises in Hanoi conducted by the Vietnam E-commerce Association, 61% have conducted business activities on social networks because it is an easy and effective business trend,
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Orchid farmer creates jobs in spite of arid landscape
A young local farmer has created a thriving orchid business in one of the driest provinces in Vietnam. 34-year-old, Phan Thanh Sang, has created new career paths for people in Ninh Thuan Province, on the south-central coast of Vietnam. The mountainous area of land he calls his own is half-covered by forest, which makes cultivation challenging. In
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Vietnam jumps to 45th place in Global Innovation Index
Vietnam has jumped two positions to reach 45th place on the Global Innovation Index (GII) 2018. This is the highest achievement the country has ever gained, marking a significant growth in knowledge creation, research and development. The GII is published by Cornell University and INSEAD:World Intellectual Property Organization and is computed by taking a simple
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Tourism Boom Fuels Upscale Hotel Market
Vietnam’s hospitality sector has experienced strong growth in recent years. According to a report by UNWTO, Vietnam is the fastest growing country in Asia as a tourist destination. Last year, global travel industry gross bookings reached US$1.6 trillion, making it one of the largest and fastest growing sectors in the world. The developing trend is
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New Vietnam Tax Updates: Regulations and Policies
September 26, 2018 Grant Thornton Vietnam would like to update you with significant points on new regulations and important tax policies as follows: 1. Goods imported, then outsourced to another party for processing and thereafter exported is not entitled to import duty exemption. The Ministry of Finance issued Official Letter No. 8628/BTC-TCHQ dated 19 July
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How Kiva.org is changing lives
Compassionate people like you are changing the world. Kiva is an international nonprofit founded in 2005, based in San Francisco, with offices in Nairobi and staff stationed around the world. The Kiva mission is to connect people through lending, to alleviate poverty, and also to support people looking to create a better future for themselves,
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US-based Private Equity firm to establish real estate investment fund in Vietnam
US-based private equity investment firm PHI Group has entered into an agreement with Hanoi MHD Invest Joint Stock Company (MDH) to establish a real estate investment fund in Vietnam, according to the company’s announcement. Under the agreement, the two sides will invest in a real estate sub-fund, under the master Reserved Alternative Investment Fund (RAIF)
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Hanoi to host International Real Estate Conference
The 2018 International Real Estate Conference (IREC) will be held in Hanoi from September 5-10. The event is expected to attract the participation of more than 300 international guests from thirty countries and territories worldwide. Attendees include leaders of real estate associations and international organizations involved in everything regarding global realty matters. Over 1,000 Vietnamese
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Chairman’s Insights: Wage Growth and Productivity
The Government is currently in discussions with employers, the Ministry of Labour and Social Affairs, and the National Wages Council on the increase in Vietnam’s minimum wage for 2019. In 2018 Vietnamese employees received the highest regional salary increases at 10% compared to Thailand at 5% and a regional average of 8%. In fact it
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Tourists flocking to Vietnam’s idyllic sand sculpture park
Visitors to Phan Thiet, Vietnam are excited to see the beautiful red clay sand sculptures created by the skillful hands of foreign sculptors at Vietnam’s first ever sand sculpture park. Sculptors from 15 nations around the world such as Holland, Belgium, Italy, Brazil, Singapore, the US, and Japan were invited to create the initial designs.
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First Solar Power Purchase Contract in Vietnam is Signed
Electric Power Trading Company (EPTC), an arm of Electricity of Việt Nam, and India’s Shapoorji Pallonji Infrastructure Capital Co Ltd signed a power purchase agreement on July 16, 2018 for the solar power project SP Infra 1 Plant in Ninh Thuận Province. This is the first power purchase contract signed for a solar project in
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