Focus: Domestic Tourism – A Rough Road Ahead: Vietnam saw a robust surge in domestic tourism last year, with over 101 million travelers reported, well above the pre-pandemic annual level. This is a vital impetus for the tourism sector amidst a scarcity of international visitors. However, many businesses have recently expressed concerns over a gloomy outlook for domestic tourism due to waning demand this year.
Inside Vietnam
FDI Attraction Amidst Global Minimum Tax Policy: Foreign direct investment (FDI) has been rising strongly even though global economic uncertainties have negatively affected this capital flow. Many factors are taking a toll on FDI activity and Vietnam can hardly stay unscathed.
Inexplicable Absence Marketplace: The Government has proposed adding nearly 30 draft laws, ordinances, and resolutions to the law-making program in 2023 and 2024 but the list does not include draft laws that are more urgent.
Hands Are Tied: Despite efforts to recover, businesses are struggling with challenges, such as high interest rates, difficulties in fundraising, increasing input costs and weak consumer demand.
Business
Ambitious Targets Amid Challenges: While the business community is concerned about a fall in profit this year, the banking system still expects positive growth.
Where Is The Coffee Market Headed? Vietnam and other major coffee-exporting nations are halfway through the 2022-2023 harvest season, but uncertainties are gripping the market.
Living
Fish Sauce As A Secret Ingredient: Didier Corlou, a French Master Chef, has fallen in love with Vietnam’s nuoc mam (fish sauce) and uses it to cook everything, including French cuisine. He sees it as his secret weapon.
A Trip To Mossy Land: Traveling to the northwestern upland of Vietnam, tourists can see many breathtaking landscapes. With mountain ranges 2,000 to over 3,000 meters above sea level, it is common to see unique green moss-covered forests.
Travel
Lost In The Peaceful Countryside: In Co Vien Lau, it is normal for tourists to get lost in its peaceful scenery, with the traditional beauty of the ancient Vietnamese villages in the middle of the majestic mountains and the charming rivers of the ancient capital of Hoa Lu in Ninh Binh Province.
A Sweet Aroma Hard To Resist: Banh it la gai is a rustic dish of Binh Dinh Province but also a culinary and cultural specialty. Diners who taste the sticky rice cake can never forget its delicious and sweet taste.
