Hoi An ancient town in central province of Quang Nam (Source: VNA)
The list was based on more than 232 million verified reviews made on the travel and accommodation booking website.
The beauty of Ninh Binh (Source: VNA)
The top 10 hospitable tourist destinations in Vietnam voted by travelers around world are Hoi An, Quang Nam; Phong Nha, Quang Binh; Ninh Binh; Hue, Thua Thien-Hue; Mui Ne, Binh Thuan; Tuy Hoa, Phu Yen; Mai Chau, Hoa Binh; Dong Hoi, Quang Binh; Sa Pa, Lao Cai; and Con Dao, Ba Ria-Vung Tau.
President Biden welcomes VinFast facility project in North Carolina
According to VOV, US President Joe Biden has welcomed a VinFast invested project to build its first factory in North Carolina as part of the Vietnamese firm’s investment strategy to expand operations in the United States.
President Joe Biden welcomes VinFast facility project in North Carolina
“Today, Vinfast announced it will build an electric vehicle and battery manufacturing facility in North Carolina – US$4 billion to create more than 7,000 jobs. It’s the latest example of my economic strategy at work,” said President Biden.
In an official statement released by the White House on the same day, President Biden said that since taking office he has promoted an industrial strategy to revitalise domestic manufacturing and create jobs, strengthen American supply chains, and supercharge industries of the future like electric vehicles (EV).
“We see that strategy paying off day after day,” noted Biden, “Last year, I signed the Bipartisan Infrastructure Law to build out EV charging infrastructure and brought together the United Autoworkers and automakers at the White House to sign an executive order to get 50% electric vehicle sales share in 2030.”
VinFast, the carmaker under Vietnam’s largest private conglomerate VinGroup, on March 28 announced its facility project in North Carolina, the first of its kind in the US.
It plans to pour US$2 billion in the first phase and will continue to pump more capital in future phases. The factory that will sit on a sire of 1,976 acres has been designed to produce 150,000 vehicles annually in the first phase.
The firm plans to produce two passenger vehicles at the factory, as well as electric buses, batteries for electric vehicles, and ancillary industries for suppliers.
VinFast announces an MoU on its factory construction in North Carolina. (Photo: Vinfast)
At the Lost Angeles Auto Show last November, VinFast introduced two electric crossovers, both of which the company said it would bring to the US market later this year. The firm also announced plans to invest over US$200 million to open a US headquarters based in Los Angeles this year, in addition to more than 60 sales locations, multiple service centres, and mobile service sites.
“Having a production facility right in the market will help VinFast to proactively manage its supply chain, maintain stabilised prices and shorten product supply time, making VinFast’s EVs more accessible to customers, contributing to the realization of local environmental improvement goals,” Le Thi Thu Thuy, vice chair of Vingroup and global CEO of VinFast, said in a statement.
The American electric vehicle market is becoming more competitive, home to Tesla, a host of EV startups and Detroit automakers, which have recently announced electric versions of longstanding models.
Aquatic exports enjoy 25 percent growth last month
The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis has disrupted shipments to the two European countries since late February and caused spikes in shipping costs and input expenses, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The export of aquatic products recorded strong growth in March. Illustrative photo. (Source: VNA)
In March, Vietnam exported 920 million USD worth of aquatic products, a year-on-year increase of 25 percent, VASEP reported. However, the rate reflected a slowdown after the sector posted spectacular growth of 44 percent in January and 62 percent in February.
Total shipments reached 2.4 billion USD in the first quarter of 2022, up 40 percent against the same period last year.
This was attributed to the impressive recovery of tra fish exports which expanded 88 percent to hit 646 million USD during the period on the account of surging demand from major markets, such as the US, China and the EU. The fish has again become a key export item, accounting for 27 percent of the total aquatic exports, the association said.
Shrimp contributed the largest export share of 37 percent in March, earning more than 345 million USD in turnover, up 21 percent. The Q1 revenue exceeded 900 million USD, up over 37 percent year-on-year.
The seafood processing sector has been struggling as soaring fuel prices, triggered by the Russia-Ukraine conflict, are imposing a heavy burden on offshore fishermen. Last month, seafood exports expanded by just below 3 percent to total 312 million USD, largely thanks to good growth (20 percent) in shipments of tuna, squid and octopus.
By the end of the first quarter, Vietnam shipped some 878 million USD worth of seafood abroad, of which 234 million USD came from tuna, up 55 percent; and 156 million USD from squid and octopus, up 35 percent. The largest growth was seen in the shipments to the US (42 percent), China (77 percent), and the EU (37 percent).
Vietnam’s aquatic exports are expected to pick up 25 percent to 934 million USD in April./.