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Rai Cave is located in the south of Vinh Hy Bay, Nui Chua National Park, Vinh Hai commune, Ninh Hai district, Ninh Thuan province. It is only about 35 km from Phan Rang city, about 40 km from Cam Ranh city (Khanh Hoa province) and about 90 km from Nha Trang city (Khanh Hoa), very convenient for visitors. The road to Rai Cave is beautiful, winding between the magnificent blue sea and romantic green meadows. According to local people, the reason it is called Rai Cave because it used to be inhabited by sea otters and many dipterocarpus alatus, which were used to extract oil to paint ships and boats to help make them more waterproof. Coming to Rai Cave, tourists are captivated by the magical natural scenery. Just taking a photo at any angle produce a quality shot, for anyone. Rai Cave is not a large cave but in fact a rocky cliff protruding into the sea with many niches and compartments with strange shapes. Enjoying the pictures full of a hauntingly eerie blend of moss and waves, … [Read more...] about Rai Cave – Pearl of Vinh Hy Bay

The disbursed public investment capital last year was equivalent to 96.13 percent of the target set by the Prime Minister (Photo: VNA) Hanoi (VNA) - Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported. In a report to the Government in early February, Minister of Planning and Investment Nguyen Chi Dung said that an estimated 452.41 trillion VND (19.6 billion USD) in investment capital was disbursed last year from the State budget, equivalent to 96.13 percent of the target set by the Prime Minister. 2019 disbursement, meanwhile, was equal to just 73.7 percent and 76.75 percent of the figures targeted by the National Assembly and the Prime Minister. The 2020 rate was the highest for many years, he said, describing it as the “sweet fruit” of breakthrough efforts by the Government, ministries, sectors, and … [Read more...] about Disbursement of public funds sped up to fuel growth

HCM City eyes 10 percent growth in export in 2021 Shrimps processed for export Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 25

The Hanoitimes - The growth rate is significantly lower than the 6.8% growth rate recorded in the first quarter of 2019. There is a high possibility that Vietnam’ s GDP growth to slow to 6 – 6.3% year-on-year in the first quarter, significantly lower than the 6.8% growth rate from the same period of last year, according to Viet Dragon Securities Company (VDSC). VDSC also expected the number of international visitors will  drop significantly from February 2020, while agricultural goods exports to China will keep decreasing because of tighter supervision at the land border control. Meanwhile, Vietnam’s industrial production index plummeted 5.5% year-on-year in January, compared with the inter-annual pace of 7.9% last January. During the last three months, many significant events took place in various areas such as trade agreements (US-China Phase One and USMCA), geopolitical risks (Brexit and Trump’s Middle East peace plan) and unexpected natural disasters … [Read more...] about Vietnam’s GDP growth in Q1 predicted to slow to 6-6.3%

The Hanoitimes - While Vietnam is on track to witness the strongest growth in ASEAN this year, a weakening job market is the biggest risk to its economic recovery. With a tech-led recovery and consistent FDI inflows, Vietnam’s economy is set to rebound strongly by 8.1% in 2021, HSBC has said in a latest report. Meanwhile, HSBC also revised down its GDP growth forecast for Vietnam from 3% to 2.6% in 2020, accounting for the negative impact of the second wave. “Still, it is the only ASEAN economy where we continue to forecast positive growth this year,” stated the bank in its report titled “Asia Economics: It’s about stamina”. According to the report, the re-emergence of Covid-19 domestically largely disrupted the economy's nascent rebound. People’s mobility, which was nearly back to pre-pandemic levels before the second wave, sharply dropped in August. As a proxy for private consumption, retail sales’ V-shaped rebound was also stalled. In addition, domestic … [Read more...] about Vietnam GDP growth poised to rebound 8.1% in 2021: HSBC