Vietnam economy 2014 review in figures

In the downtrend of FDI in Vietnam, Japanese enterprises tend to pay more attention in the fields of retail, technology transfer, banking, finance and service in Vietnam instead of the manufacturing sector as before.

From January 1st in 2015, unilateral Vietnam visa exemption for ordinary passport holders of 7 countries will be implemented. Citizens of Norway, Sweden, Finland, Denmark, Japan, Korea, and Russia will be exempted for 15 days at most.

During the first two working days with representative of US Trade- Michael Froman, Minister of Finance- Jack Lew, Minister of Commerce- Penny Prizker, and Professor Jeffrey Schott, Deputy PM Vu Van Ninh discussed issues of Vietnam US economic relation.

Capella Hotel Group in Singapore signed an agreement with Sun Group to operate Capella Hanoi Project, a luxurious hotel of Sun Group in the capital. Capella Hanoi is the first project of the group in Vietnam.

As planned, the a riverside park along with a central square will be constructed in the area of nearly 30 hectares in Thu Thiem New Urban Area in Ho Chi Minh City. If approved, it will be the largest square in Vietnam.

On June 22th, the 21st South Africa International Trade Exhibition has been opened in Johannesburg City of South Africa. During the exhibition, international importers show great interest in Vietnamese products.

On October 22 evening, at Le Van Tam Park in Ho Chi Minh City, the High-tech Agriculture and Food Industry Fair or Hi-Tech Agro 2014 in HCMC City was launched by the Ho Chi Minh City Investment and Trade Promotion Center (ITPC).

In the 51st Paris Air Show Vietnam Airlines Boeing 787-9 Dreamliner with new brand identity performed a spectacular flight attracting the admiration of international airlines and aircraft manufacturers attending the event.

Vietnam Textile and Garment export 2014 is more likely to reach 24.5 billion dollars, an increase of over 19% in comparison to the previous year. It have been said that this is the largest increase in three preceding years.

In the near future, Vietnam Science and Technology will welcome application of high-technology from Israel, a country lacking natural resources but still develops its economy in all fields. This also highlights more the Vietnam – Israel relation.

On December 13th, an 81-storey skyscraper named The Landmark 81, which belongs to luxury urban area Vinhomes Central Park was started construction by Vingroup. It is expected that this highest building in Vietnam will be inaugurated in 2017.

Starbucks will open its three coffee shops in Hanoi in the effort to conquer the demanding palates of residents in this city. According to a representative of Starbucks Vietnam, the first three stores will be opened in prime locations of Hanoi.

After the success of the first restaurant on Dien Bien Phu Street, District 1, McDonalds Ho Chi Minh City will open the second on May 16th. The new restaurant is located near Ben Thanh Market, on Tran Hung Dao Street.

39 years after the Vietnam Liberation Day, Da Nang has developed significantly in all aspects. More importantly, Da Nang City has leave impression on tourists and residents as the most worth-living city in Vietnam.

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

According to a recent survey conducted by ANZ, it is reported that Vietnamese middle class increases most rapidly in Asia, about 2 million Vietnamese joining the middle-class of Vietnamese society every year.

Sun Group Corporation recently has celebrated groundbreaking ceremony to construct Asia Park Da Nang cultural park and recreation on 2/9 street with a total investment of $ 200 million.

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

The second Kids World will be opened on Dong Khoi Street by Ho Chi Minh Vincom Center, on April 25th. With a scale of more than 5000 square meters, Kids World is expected to be the paradise for children.

June 1st has been chosen as the International Children’s Day since 1950. On this occasion annually, a large number of attractive activities for Children Day in Hanoi will be celebrated in several attractions and amusement parks across the city.