Vietnam supermarkets turn to banana leaves to wrap vegetables

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Several supermarkets in Vietnam have joined a campaign to use non-plastic products to wrap vegetables in a bid to protect the environment, state media reported on Wednesday (April 3).

The three biggest supermarket chains in Vietnam – Lotte Mart, Saigon Co-op in Ho Chi Minh City and Big C in Hanoi – have started using banana leaves instead of plastic bags to wrap vegetables, the online newspaper Vnexpress reported.

Shoppers at a Lotte Mart outlet in Ho Chi Minh City were recently surprised to see scallions, okra and other vegetables wrapped in banana leaves, the newspaper reported, adding that the company will expand the use of banana leaves to the entire chain in the country later this year, following a trial period in the southern city.

The measure is part of an effort to switch to environmentally friendly products, not just for vegetables but also for fresh meat, the newspaper said.

The Ho Chi Minh City Lotte Mart was also selling paper straws and food boxes made from sugarcane waste, while eggs were contained in paper packages instead of plastic boxes.

Big C is offering shoppers completely biodegradable bags made with corn powder.

Vietnam generates about 2,500 tonnes of plastic waste a day, according to official figures. The country ranks fourth globally for the amount of plastic waste dumped into the ocean, according to the United Nations Environment Programme.

According to a report on Strait Times

Epizode released the official aftermovie, will return to Phu Quoc this December

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The sensational EPIZODE festival just released its official aftermovie for its successful third edition. The video features the festival’s most memorable moments and testimonies from their performers including the likes of Peggy Gou, Nick Warren, Waff, Ferry Corsten, Dana Ruh, Oliver Huntemann, Hibiya Line, Ouissam, Kerry Wallace, Sunju Hargun and Zig Zach. The aftermovie illustrates the vibrant spirit of the 11-day music and art festival that kicked off before the New Year in the blissful island of Phu Quoc in Vietnam.

After the huge success of its last edition, which was also the festival’s biggest one up to date, EPIZODE will be making an epic return to Phu Quoc’s beach from December 27 2019 to January 7 2020. Once again, EPIZODE⁴ will showcase 11 nights and days of non-stop music and various daytime activities. The festival will continue to connect the West and the East together by presenting the biggest global electronic music headliners alongside the best regional talents. All of them will be spinning across uniquely designed stages among the other-worldly art installations spread across the beach.

EPIZODE AFTERMOVIE

Last year, the number of attendance doubled from the previous year’s with more than 10.000 people from 79 countries dancing on the beach. In only three years, EPIZODE is already recognized as one of the most iconic electronic music festivals in Asia. It is also touted as one of the best NYE music getaways that gathers ravers, industry folk and avid travelers in a dreamy environment equipped with unparalleled music selection, next level production and an artistic setting.

The first tier of 11 day Multi-Pass is on sale at €149, and the price of group pass is €369. The Sister Multi Pass costs €199 and a 3-day Multi Pass is €109. Tickets can be purchased online via Epizode website: www.epizode.com

The festival is organized by Sagrado Corp – a Moscow-based company coordinating all the venues of the holding. They are very reputable locally, co-organizing The International Expo Cultural Program in Astana, and organizing tours for many DJs and musicians in Moscow, including Solomun, Wu Tang Clan, Carl Cox, Tiesto, Sven Vath, Luciano, W&W and more.

Vietnam Baby Food Sector Market Research Report: Ken Research

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The Baby Food Sector in Vietnam, 2018″, is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Vietnamese market.

Vietnamese mothers have prepared fresh food for their babies but, as the economy has developed and more women have been drawn into the urban workplace, these mothers have increasingly found they have less time to spend preparing food and to spend with their young children. This, coupled with the greater availability of prepared baby food in modern retail outlets, has fueled strong growth in the baby food sector. Vietnamese consumers are concerned about nutrition, food safety, and food quality, particularly in the wake of a number of food scares in recent years.

What else does this report offer?

Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.

Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.

Future projections considering various trends which are likely to affect the industry.
Vietnam has no unified food law, but it does have a large number of food quality laws, labeling laws, and safety and hygiene laws, as well as additional quality standards which apply to infant formula.

The baby food market includes plain cereals (wheat, oat? based, and rice, including red rice), cereals with fruit, and dried savory dishes, which consist mainly of cereals with added pork, chicken, or fish plus vegetables. Baby cereals were packed in boxes, and in cans.

The price of baby drinks makes them a luxury most mothers cannot afford. Both juices and teas are available, but only in a limited number of urban outlets.
The majority of baby meals continue to be sold in jars, although a few pouches were found for the first time in 2018.

Finger foods are mainly presented in boxes, although a few products are available in bags, tubs, and, most recently, in stand-up pouches.

Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation. Analyze current and forecast behavior trends in each category to identify the best opportunities to exploit.

Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market. Investigates which categories are performing the best and how this is changing market dynamics.

For more information on the research report, refer to below link:

Vietnam Baby Food Sector Market

Related Reports:

The Baby Food Sector In Austria, 2019

The Baby Food Sector In Taiwan, 2018

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com | +91-9015378249

Ho Chi Minh City to launch first human milk bank at top maternity hospital

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A leading maternity hospital in Ho Chi Minh City is set to launch the city’s first international standard human milk bank next week as a solution to a shortage of biological milk for premature newborns.

Nguyen Thi Tu Anh, head of the Neonatal Department at Tu Du Maternity Hospital, said the human milk bank would help maintain a sustainable source of breast milk for babies born prematurely.

Human milk bank is a service for those who wish to share their breast milk with others donate the milk for vulnerable infants, orphans or nursing mothers.

On average, Tu Du Maternity Hospital delivers and provides medical treatment for about 6,000-7,000 babies born with low birth weight every year, but only 30 percent of the newborns with illnesses can be breastfed by their mothers.

The first human milk bank in the world was opened in Vienna, Austria in 1909 and Vietnam first launched the service at the Da Nang Hospital for Women and Children in the namesake city in 2017.

According to the World Health Organization (WHO), feeding newborns breast milk exclusively for the first six months of life reduces child mortality and has health benefits that extend into adulthood.

Tuoitrenews

Vietnam’s healthcare startup Jio Health nabs $5m in Series A round

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Jio Health, a Vietnam-based healthcare startup, which was originally founded in the US, but moved to Vietnam has announced on Monday that it has closed a USD 5 million Series A financing round led by Monk’s Hill Ventures.

According to a news sourced by KrAsia, the company operates an online healthcare app as well as a brick-and-mortar clinic in Saigon to provide a range of medical services, including pediatrics, primary care, chronic disease management, ancillary care, and more. Jio Health also offers home visits by doctors, a telemedicine portal, deliveries of lab test results, and access to digital medical records.

The new funds will enable Jio Health to scale its operations and capabilities.

Jio Health was founded in 2014 by Raghu Rai and serial entrepreneur Ken Rohl in the United States. The startup was relocated to Vietnam after its founders saw the opportunity to offer tech-driven healthcare services to people who live in Southeast Asia.

The region’s healthcare remains a blue ocean for tech firms. The expenditure on healthcare in ASEAN countries stands at only 4% of GDP, far below the 9.5% average in OECD member nations. Southeast Asia’s diversity also means that healthcare spending rates are highly disparate.

Having launched its full set of services in Vietnam for about a year, Jio Health has about 130 staff members—including 30 people on the tech team and 70 caregivers (including doctors). It also holds the relevant licenses to prescribe and sell over-the-counter drugs.

FDI registration hits record high in Q1

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Total Q1 registered FDI has reached a record high of over US$ 10 billion over the last three years, the Foreign Investment Agency under the Ministry of Planning and Investment (MoPI) reported.

As of March 20, total FDI attracted valued US$ 10.8 billion, representing a year-on-year growth of 86.2%.

Specifically, 785 FDI projects got business licenses worth US$ 3.82 billion, up 80.1% against the same period last year.

Meanwhile, 279 projects got additional capital of nearly US$ 1.3 billion, accounting for 72.5% against 2018.

In Q1, foreign investors poured US$ 5.68 billion in buying stocks, up nearly three times against the same period in 2018.

The amount of FDI disbursement reached US$ 4.12 billion, up 6.2% against the same period last year.

Including crude oil, the FDI sector earned US$ 41.45 billion of export turnover, representing a year-on-year growth of 2.7%, accounting for 70.8% of national export turnover.

On the other hand, the FDI sector imported US$ 33.88 billion of goods, up 6% against the same period last year, making up 58.4% of import turnover.

In Q1, the FDI sector ran a trade surplus of US$ 7.57 billion including crude oil and US$ 7.06 billion excluding crude oil.

Foreign investors engaged in 18 sectors, chiefly the processing and manufacturing sector with US$ 8.4 billion, accounting for 77.7% of total registered capital.

Real estate ranked second with US$ 778.2 million (or 7.2% of total registered capital). Science and technology followed with US$ 383.2 billion (US$ 3.5% of total registered capital).

In the reviewed period, Hong Kong was the largest FDI provider with US$ 4.4 billion, accounting 40.7% of total investment; followed by Singapore with US$ 1.43 billion; the Republic of Korea with US$ 1.3 billion.

The Capital City of Ha Noi was the largest FDI recipient by luring over US$ 4.15 billion and accounting 38.4% of total investment.

According to a report on VGP

VN to lack 400,000 IT workers by 2020

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Viet Nam will need an additional 400,000 information technology (IT) personnel by 2020, heard a forum on information and communications technology (ICT) human resources held in Ha Noi on Saturday.

According to the Ministry of Education and Training, 37.5 per cent of universities and colleges in Viet Nam offer ICT majors. Each year, there are about 50,000 IT graduates.

On the other hand, the statistics of the Ministry of Information and Communications show the number of job openings in the software and IT industry increases by about 30,000 every year.

It is forecast by 2020, the recruitment demand of enterprises will be 1 million IT personnel. Job website Vietnamworks also predicts that, by 2020, Viet Nam will lack some 400,000 IT workers and each year, Viet Nam will need 78,000 new IT employees.

Despite a huge demand for ICT human resources, Phi Anh Tuan, vice president of HCM City Computer Association, said domestic IT training programmes have not met demand, especially for high quality engineers. Only about 27 per cent of IT workers can meet the requirements, the rest need additional training for a minimum of three months.

IT students face many challenges such as the rapid speed of technology development; AI; IoT; Blockchain.

Therefore, IT students need to improve regularly for the demand of high quality of IT human resources and also need co-ordination to help improve the quality of IT human resource training, Tuan suggested

According to a report on VNS

Bamboo Airways denies adding seats next to emergency exits

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Bamboo Airways, the latest player in Vietnam’s domestic aviation market, has officially rebuffed allegations widely spread on the Internet last weekend that it had added seats next to the emergency exits on one of its planes against the aircraft’s original design.

Three photos purportedly showing two rows of seats just next to two emergency exits on an aircraft were posted on social media by a person who claimed to have taken them on board a Bamboo Airways flight.

The passenger questioned whether the carrier had deliberately placed the additional seats near the exits.

Many people commented under the photos, accusing the airline of defying safety regulations to install the extra seats to maximize the number of passengers per flight.

In a discussion with Tuoi Tre (Youth) newspaper on Sunday, a Bamboo Airways representative strongly rejected the allegations, affirming that the company did not install the extra seats or made any changes to the designs of its planes.

The carrier confirmed that the photos were taken on board its aircraft, an Airbus A320.

According to the Airbus A320’s design approved by the European Union Aviation Safety Agency (EASA), each aircraft of this model has four overwing emergency exits, two on each side of the plane, besides the standard emergency doors.

Overwing exits are installed on passenger aircraft to provide a means of evacuation onto the wing.

Bamboo Airways said seats can be installed along these special exits, as long as they ensure a minimum clearance for passageways of seven inches (17.78cm) in case of emergency.

This seat installation is stipulated in regulations set by the Civil Aviation Authority of Vietnam (CAAV), the representative said, adding that this means there is nothing wrong with the rows of seats along the overwing exits as seen in the photos.

He added that Bamboo Airways had contacted the passenger who posted the photos to explain the overwing exit design to him. After that, the pictures were taken down.

Vietnam Airlines had previously faced the same allegation when passengers thought that the flag carrier placed extra seats next to the emergency exits on one of its Airbus A321 planes.

The case was handled in the same manner, with Vietnam Airlines asserting that A321 aircraft are designed with two overwing exits.

According to a report on Tuoi Tre

VinGroup buys 87 Shop&Go convenient stores for $1

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VinCommerce, the retail unit of Vietnam’s private conglomerate Vingroup, is set to acquire all outlets of the Shop&Go convenient store chain, after accepting an arguably unprecedented offer from its operator for a one-dollar deal price.

It was the corner store chain’s operator, Cua Hieu va Suc Song Co. Ltd., that offered to transfer all of the 87 locations in its system to VinCommerce for US$1, Vingroup said on Monday.

Following the acquisition, all Shop&Go stores will be transformed, upgraded in all aspects from facilities and merchandise to staff quality, and operate under the standard management Vingroup currently applies for its supermarket system VinMart and convenient store chain VinMart+.

The acquisition will be finalized by the end of this month.

Founded in 2005, Cua Hieu va Suc Song operates in the retail trade of consumer goods, with the first Shop&Go outlet inaugurated in 2006 in Ho Chi Minh City.

Thirteen years after its launch, the chain has expanded to 87 stores, including 70 locations in Ho Chi Minh and 17 in Hanoi. In both cities, Shop&Go stores are mainly located in the inner-city areas.

Shop&Go follows the model of a 24/7 convenient store, providing fast food, mixed drinks, and other services such as ATM withdrawal and mobile top-up cards.

However, the store chain has suffered unexpected business results from tough competitions in the retail market, according to a company’s representative.

The chain earned VND267 billion ($11.48 million) in revenue, but incurred nearly VND40 billion ($1.72 million) in losses in 2016, online news site Zing.vn reported, citing the company’s financial reports

After years of operating at a loss, by the end of 2016, Shop&Go accrued losses of VND205 billion ($8.82 million) while its registered capital was only VND1.27 billion ($54,610). It was not until October 2018 when the company’s registered capital was increased sharply to VND207.27 billion ($8.91 million).

With the Shop&Go acquisition, VinCommerce continues to affirm its leading position in the retail market with 108 VinMart stores and around 1,900 VinMart+ convenient shops across Vietnam.

According to a report on Tuoi Tre

Digital content firms propose ‘virtual special zone’

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Believing that they are at a disadvantage, digital content firms have proposed establishing a special zone.

Vietnamese digital content providers have complained about the protection policy which puts domestic companies at a disadvantage with foreign ones.

Vietnamese companies have to follow strict regulations on management, censorship, and business conditions, and have to pay different taxes, but foreign companies don’t.

Analysts also say that Vietnam’s policies don’t encourage development and that strict regulations will hinder the creativity of businesses.

In an effort to ease difficulties for digital content firms, some experts have suggested a so called ‘virtual special zone’, a temporary special zone with special policies which include capable digital content firms.

The firms in the special zone would have the right to implement trial projects to launch new services under looser policies. The firms would have to commit to observe the rules of the special zone.

If the pilot virtual special zone program succeeds, it would be applied on a larger scale, to firms outside the zone as well.

The opinions about the special zone vary.

Nguyen Ngoc Bao, CEO of VTC Mobile, said digital content firms need an open policy to allow businesses to do things that are not prohibited by law.

Nguyen Ngoc Han, CEO of Thu Do Multimedia, noted that special economic zone (SEZ) is a separate zone which enjoys special policies to facilitate economic activities. SEZs operate on the basis of preferences to attract investments to a specific zone, applied only in a limited geographical area.

Meanwhile, a ‘virtual special zone’ as suggested by experts is an area which first applies policies on a trial basis before it is expanded to other areas of the country.

“The digital content industry, by nature, is a type of cross-border service, so ‘virtual special zone’ is not unreasonable for the IT & digital content industry,” he said.

He warned that an ‘ask-and-grant mechanism’ may take shape in the special zone. Digital content firms would have to ask for favors from management agencies to join the special zone and be eligible for preferential policies.

Han believes that to encourage digital content firms, it is necessary to strictly observe the Enterprise Law which says businesses can do what they want as long as they follow the law, and that a special zone is not necessary.

According to a report on Vietnamnet

Vietnam released provincial competitiveness index (PCI) report

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The Vietnam Chamber of Commerce and Industry (VCCI) has just released a report on provincial competitiveness of 2018, in which Quang Ninh province continues to hold the number 1 position. On the other hand, Dak Nong province ranked last for 2 consecutive years.

The PCI 2018 report is based on feedback from 12,000 businesses, of which nearly 11,000 private enterprises are operating in 63 provinces and cities and over 1,500 businesses with FDI operating in 20 locations. methods in Vietnam. Quang Ninh province is leading the PCI ranking 2018 with 70.36/100 points (slightly down from 70.69 in 2017). Second position is belonged to Dong Thap province with 70.19 points, up 1 rank compared to the previous year.

Long An and Ben Tre province ranked 3rd and 4th with 68.09 and 66.67 points, both increased by 1 rank. On the other hand, Da Nang province dropped from the second position in 2017 to the 5th position this year when it dropped from 70.11 points to 67.65 points. Top 10 are also included Binh Duong, Quang Nam, Vinh Long, Ha Noi and HCMC.

The PCI 2018 survey shows that some areas of the business environment have changed more positively than 2017. 1. Informal costs continue to be reduced; 2. The business environment for private enterprises tends to more equality and 3. Administrative reforms are clearly changing. However, the survey results show that businesses expect more improvement in the government. In particular, they want to improve the transparency of the business environment, increase the quality of labor training, improve business support services and create more favorable conditions in the implementation of procedures to apply for business licenses, especially land, tax, social insurance.

In addition, the report also pointed out that the level of optimism of businesses about business prospects in the future also continued to be relatively high. According to the survey, 49% of private enterprises and 56% of FDI enterprises said that they will expand their businesses in the next 2 years. However, research shows that there are signs of an increase in the rate of businesses struggling to operate. These businesses are small and super small private groups. Therefore, the role of the government is becoming more important than ever to support businesses for better economic environment.

- VDSC

Fake news: Vietnam to Get Its First Ever Cryptocurrency Exchange

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“Kronn Ventures AG, a Switzerland-based blockchain firm, is going to launch a cryptocurrency exchange in Vietnam”. CCN.com reports.

According to CCN.com, the company signed a memorandum of understanding with Linh Thanh Group, a Vietnam-based distribution company, for the establishment of the country’s first crypto trading platform. The two further agreed to create a cryptocurrency for their exchange, without revealing how it would serve the platform.

The Kronn announcement followed the State Securities Commission of Vietnam’s (SSC) ban on cryptocurrency-related activities. The securities watchdog issued a circular in July last year, ordering industries to not partake in “any issuance, transaction or brokerage activities related to cryptocurrencies.” The order came in response to a written directive issued by Vietnam’s prime minister office. PM Nguyen Xuan Phuc ordered the central bank, some ministries, and law enforcement agencies to oversee “activities related to bitcoin and other cryptocurrencies.”

To evaluate the news sources, Vietnam Insider has checked with State Bank of Vietnam (SBV), Mr. Nghiem Thanh Son, Deputy head of Payment department has confirmed that,  “SBV hasn’t granted license to any Cryptocurrency Exchange in Vietnam”. So, “Vietnam to Get Its First Ever Cryptocurrency Exchange” seems be a fake news.

In January 2018, Vietnamese media reported that the government had separately asked the Ministry of Justice to submit a crypto review by the end of the month. In response, the ministry submitted their review report in November 2018, proposing three different legal directions: lax crypto laws, a complete prohibition, or legalization under strict conditions. By then, the Vietnamese lawmakers were deciding to create a legal framework for cryptocurrencies.

Nevertheless, Kronn confirmed that it was able to secure a license for launching a cryptocurrency exchange. While the claim conflicted with the SSC ban, we are reaching Kronn to present a piece of evidence on the matter that could clarify the crypto’s legal status in Vietnam altogether.

Outlook on those largest trading partners of Vietnam in 2019.

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The IMF forecasted that US economic growth (as Vietnam’s largest export market) in 2019 could fall to 2.5% and even lower by 2020. However, according to the report: Vietnam Economic Annual Review 2018 from Vietnam National Economics University, this growth rate would be still considered higher than the potential output of the US economy.

The report also said that Chinese economy was expected to grow slower for next several years, could be at 6.3% in 2019 and 6.4% by 2020. In fact, Chinese government had been taking initiatives in their monetary policies, however, the impacts from China-US trade war and their tightening on financial and banking regulations would certainly have some negative impacts on China – a large export market of Vietnam.

In Asia, Japan was reported by IMF to grow at 1.1% in 2019. This increase reflects a confidence on Japan’s fiscal policies implemented throughout 2018, even a consumption tax increasing plan would take place by October 2019.

In Southeast Asia, the ASEAN-5 group was expected to grow at 5.1% in 2019 and 5.2% by 2020. This increase is only slightly reduced compared to the previous period which mainly reflects risks from exchange rates as well as unusual changes from international investment flows.

In European region, it was about 1.6% in 2019 and 1.7% by 2020, lower than the previous period. Those major economies of European Union such as Germany, Italy and France could face certain difficulties, mainly from weak growth of domestic demand and their political instability.

World trade growth in 2019 was forecast by the IMF at 4%, down by 0.2% compared to 2018, mainly due to the impact of trade wars between big countries such as US-China trade war which could be likely to keep continuing for next several years, this could push many countries tend to multilateralize their economic and trade links in order to avoid reliance on some major markets.

- VDSC

Can foreigners open bank account in Vietnam?

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Considering moving to Vietnam to explore new opportunities? Or you’ve already landed here and are about to embark on your exciting adventure in South East Asia?

It’s no easy decision and one that should not be taken lightly so careful preparation and consideration will go a long way in improving your quality of life in Vietnam. Either way, one of the first few things you should set up apart from your place of residence, is a bank account. It’s best to have a domestic bank account than spend money using your overseas bank cards and get charged fees.

So let’s get started with some common questions to ask before you pick a banking partner:

Can I open a bank account as a non-resident of Vietnam?

Most definitely. As an incoming expat you are free to open a bank account within the country.

What’s the process? How long does it usually take?

The formalities vary by different banks, but overall it’s quite simple:

Choose the bank where you want to open your account
You’ll need to bring some documents with you to the bank of your choice when you go to apply. These may vary according to the bank, but will typically include:

    • A valid passport
    • A valid visa
    • A minimum deposit amount depending on the bank
    • Valid proof of address (tenancy contract)
    • A copy of your work / labour contract if applicable

Make an appointment online or simply visit one of the branches of the bank you choose.

The process can take anywhere from 30 minutes to 2 hours depending on the bank. The more efficient the account opening process, the shorter the time spent

What banking fees are involved?

Like banks around the world, Vietnam too has its fees that you should be aware of. This will vary by bank and service. Some of the most common fee types include:

Transfer Fees
This is a lucrative revenue generator and most banks will charge fees for inter bank transfers starting at 3,000 VND to 33,000 VND. Some banks do not charge any fees.

ATM fees
Typically banks will not charge when withdrawing from their own ATM network, however using a different bank’s ATM might levy a fee, starting at 1,000 VND to 11,000 VND.

Service Fees
This varies by bank, but depending on the minimum deposit or balance maintained with the bank, this fee may or may not be applicable. The fee can range from 5,000 VND to 200,000 VND.

Internet banking
Most banks these days will not charge you for using Internet banking, however you could incur some fees from 10,000 VND upward with a select few.

Which bank should I choose?

All in all, the bank you choose should reflect the services you need the most, how easy it is to sign up and what fees you will be charged. There are more than 43 banks in Vietnam, but the popular banks present in the major cities include HSBC, Citibank, Shinhan, VP Bank, Techcombank, VIB, Maritime bank, Vietcom bank, SacomBank, Vietin Bank, UOB, TP Bank … and of course Timo by VPBank

- Timo

Hanoi among TripAdvisor’s best world destinations

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Vietnam’s capital Hanoi has been listed among the top 25 destinations in the world in the annual Travelers’ Choice Awards from TripAdvisor.

The list was based on an algorithm that analyses the millions of reviews and ratings for hotels, restaurants, and attractions collected from TripAdvisor travelers over a 12-month period.

At 15th on the list, TripAdvisor wrote, the charming Vietnamese capital has aged well, preserving the Old Quarter, monuments, and colonial architecture, while making room for modern developments alongside, according to the site.

Hanoi may have shrugged off several former names, including Thang Long, or “Ascending Dragon”, but it hasn’t forgotten its past, as sites such as Ho Chi Minh’s Mausoleum and Hoa Lo Prison attest. Lakes, parks, shady boulevards and more than 600 temples and pagodas add to its appeal, which is easily explored by taxi.

The Old Quarter, the Vietnamese Women’s Museum, and Vietnam Museum of Ethnology are all must-see places, it added.

Topping the list was London, which was believed to be an effect of the royal wedding last year, when there was a significant rise in bookings, TripAdvisor revealed, particularly tours to see the Changing of the Guard, Buckingham Palace, and Windsor Castle, which saw year-on-year increases of between 94 per cent and 231 per cent, according to the site. With the couple’s new baby due imminently, London may continue to reap the rewards into 2020, the site predicted.

Meanwhile, 2019 was the first year New York, which has been a long-time favorite with travelers, slipped out of the top 10, to 13th best-rated destination in the world.

Other destinations included Paris, Rome, Crete (Greece), Bali, Phuket, Barcelona, Istanbul, Prague, Tokyo, and Lisbon.

As capital for more than a thousand years, since 1010, Hanoi is considered the cultural center of Vietnam, where every dynasty has left behind its imprint. It hosts more cultural sites than any other city in the country, including hundreds of pagodas and temples. Influenced by the Chinese and the French, the city features an Asian – Western style in architecture and cuisine.

The Old Quarter, near Hoan Kiem Lake in the city center, still bears the original street layout and architecture of old Hanoi. At the beginning of the 20th century it consisted of only 36 streets, most of which are now part of the Old Quarter. Each street at that time comprised merchants and households specializing in a particular trade, such as silk, jewelry, etc. The street names nowadays still reflect these specializations, though few of them remain exclusively in their original field of commerce. The area is famous for its small artisans and merchants, including many silk shops. Many of its streets become pedestrian malls on Friday, Saturday and Sunday evenings, offering tourists a great chance to discover the area at their leisure.

Hanoi attracted an estimated 7.5 million tourists in the first three months of 2019, including nearly 1.9 million foreigners, up 10.6 per cent and 15.5 per cent, respectively, compared to the same period last year, according to the city’s Department of Tourism. It welcomed over 26 million visitors last year, including over 5.7 foreigners, increases of 9.3 per cent and 16 per cent, respectively, year-on-year.

Source: Dtinews

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