Nguyen Thi Nga BRG group has been a solid sponsor for numerous high profile golf courses for many years. With nearly 20 years experience in the golf industry, can you share more about the benefits that golf tourism brings to local people and Vietnam’s economy in general? I will first talk about travel. According to statistics from Vietnam National Administration of Tourism, foreign tourists usually stay in Vietnam for an average of just two days. They do not tend to spend large amounts of money and the rate of returning tourists is low. However, the appearance of golf has helped change this trend. Tourists who come to Vietnam to play golf tend to stay longer, as golf is a slow sport and a game can take up a full day. I often share about a record set at King Island golf course by a Japanese guest. He stayed at Nikko Hanoi hotel (now Hotel du Parc Hanoi) for a week, appearing on the golf course each day and playing 108 holes a day without stopping from 5.30am until 6.30pm. Many … [Read more...] about Bright prospects for Vietnam’s golf tourism
Vietnam cries foul as Monsanto victims get huge compensation in US
Major General Tran Ngoc Tho, Deputy Chairman of the Vietnam Association of Victims of Agent Orange and Dioxin and President of its Ho Chi Minh City branch, has sent a letter asking a U.S. court to reverse its earlier ruling in an Agent Orange case. Tho argued that the jury's ruling in the U.S. federal court of San Francisco on March 19, 2019, which decided that Monsanto's weed killer Roundup causes cancer. It ordered Monsanto to pay around $81 million to 70-year-old Edwin Hardeman of California, who has been diagnosed with non-Hodgkin's lymphoma. The major general also cited another case where a San Francisco court in August 2018 awarded a compensation of $289 million by Monsanto to Dewayne Johnson after he was diagnosed with cancer resulting from long-term exposure to Roundup and herbicide Ranger Pro produced by the company. While U.S. victims of Agent Orange have been compensated, "where is the justice for Vietnamese victims who are being destroyed every day by the toxic chemical?" … [Read more...] about Vietnam cries foul as Monsanto victims get huge compensation in US
PM receives OANA members’ leaders
Prime Minister Nguyen Xuan Phuc (C) and OANA members’ leaders (Source: VNA) Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc on April 19 hosted a reception for a delegation of representatives of members of the Organisation of Asia-Pacific News Agencies (OANA) who are in Hanoi for the 44th OANA Executive Board Meeting (EBM). PM Phuc congratulated leaders of OANA members on the success of the EBM meeting hosted by the Vietnam News Agency (VNA). He highly valued the theme of the meeting “For a professional and innovative journalism”, and topics discussed in the framework of the event, saying that these are typical contents in the current context of the complicated development of information in the world. OANA President Aslan Aslanov, who is also Chairman of the Board of the Azerbaijan State News Agency (AZERTAC), thanked the Vietnamese Government and authorized agencies for their support for the organisation of the meeting, … [Read more...] about PM receives OANA members’ leaders
Lower-than-expected Q1 GDP growth signals bumpy road ahead: CIEM
The Hanoitimes - Fueled by the uncertainty from economic growth in the first three months of 2019 and a worsening economic outlook, pressure is high for Vietnam to outperform in the remaining quarters. Vietnam’s GDP growth target of 6.8% in 2019 feasible despite Q1 slowdown Vietnam's GDP growth slows down to 6.79% in Q1 Vietnam’s economy forecast to grow at 6.8% in 2019 amid weakening global outlook: ADB Vietnam’s GDP growth projected to reach 6.7% in 2019: ICAEW Private consumption expected to be driving factor for Vietnam’s GDP growth in 2019: HSBC That Vietnam’s GDP growth ended the first quarter at 6.79%, lower than the 7.45% year-on-year and the government forecast of 6.93%, signals a sticky patch for Vietnam in the remaining months to reach the target of 6.8 – 7% in 2019, according to the Central Institute for Economic Management (CIEM). Overview of the conference. Source: Nguyen Tung “Fueled by the … [Read more...] about Lower-than-expected Q1 GDP growth signals bumpy road ahead: CIEM
US continues to impose anti-dumping taxes on Vietnamese wind turbines
Illustrative image (Source: internet) Hanoi (VNA) – The United States International Trade Commission (USITC) has announced its final conclusion of its sunset reviews concerning anti-dumping to utility scale wind towers imported from Vietnam, according to the Ministry of Industry and Trade (MoIT). The MoIT further said the USITC announced that the termination of the imposition of anti-dumping duties on utility scale wind towers imported from Vietnam would likely cause the US’ domestic manufacturing industry to continue suffering significant losses. The US Department of Commerce (DOC) will continue to impose anti-dumping duties on wind tower products for another five years and may conduct administrative reviews annually to adjust the applicable tax rates. On January 18, 2012, the DOC initiated an anti-dumping investigation into utility scale wind towers imported from a number of countries, including Vietnam. Both the USITC and the DOC issued their final conclusion … [Read more...] about US continues to impose anti-dumping taxes on Vietnamese wind turbines