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/ February 23, 2021

Vietnam to host 2021 World Team Tennis season in mid-June

The four- day competition is expected to take place at Hai Dang Tennis Club in Tay Ninh Province. According to the regulations, Vietnam team will compete with eight national tennis teams of Hong Kong (China), Syria, Sri Lanka, Kuwait, Qatar, Jordan, Malaysia and Pacific Oceania including players from Oceanian countries except for Australia and New Zealand. 2021 World Team Tennis season will take place at Hai Dang Tennis Club in Tay Ninh Province. Vietnamese top tennis players including Ly Hoang Nam, Trinh Linh Giang, Le Quoc Khanh, Pham Minh Tuan, Nguyen Van Phuong, Vu Ha Minh Duc, Nguyen Dac Tien under training of Head Coach of Vietnam national tennis team Truong Quang Vu will join in the regional sport event. According to General Secretary of Vietnam Tennis Federation Mr. Doan Thanh Tung, the Vietnam Tennis Federation will ask the World Tennis Federation to suspend the event if the pandemic situation is more complicated. By Gia Man- Translated by Huyen Huong …

/ January 15, 2021

Kotam tourist site: An example of integrating ecological tourism and local cultural identity

Located nine kilometres from the centre of Buon Ma Thuot city, Kontam tourist site is an attractive destination for tourists, particularly at weekends and public holidays. Covering a total area of 17 hectares and hosting magnificent hills, mountains, waterfalls, springs, valleys, and accommodation facilities imbued with the typical culture and architecture of the E De ethnic group, Kotam welcomes more than 400,000 tourists every year. According to Deputy Director of Dak Lak provincial Department of Culture, Sports and Tourism Dang Gia Duan, the launch of the Kontam tourist site has contributed to preserving and promoting the distinct culture of the Central Highlanders while reducing poverty and generating income for local ethnic minority people. The successful tourism model was made possible thanks to a joint effors of a group of five female entrepreneurs five years ago. They are Nguyen Thi Ngoc Anh, Nguyen Thi Hue, Nguyen Thi Phuc Minh, Vu Thi Xoan and Doan Uyen Thao, directors of five companies operating in trading, processing and exporting agricultural products, honey and mechanical equipment. The quintet are also enthusiastic members of the Dak Lak Female Entrepreneurs club, headed by Nguyen Thi Ngoc Anh, which has actively participated in charity activities in the locality. They came up with the idea of building a model which can help locals reduce poverty in a sustainable way. The Kotam ecological site was born, surrounded by the E De ethnic people’s villages, including Pak, Kotam, Krong A, and Krong B. As the owner of Quang Anh Trade Ltd. Co, one of the top companies with the highest revenues in Dak Lak, Nguyen Thi Ngoc Anh was appointed the Director of the Kontam Community-based Tourism Joint Stock Company. Not long after its launch, the Kontam company had attracted 35 members from the Dak Lak Female Entrepreneursclub , who poured a large investment into the construction of the tourist site. Traditional long stilt houses of the E De …

/ May 11, 2020

Receiving the movement of FDI inflow

According to the Ministry of Planning and Investment (MPI), newly registered capital, supplemented capital and capital contributions of foreign investors in the first four months of 2020 reached a total of US$12.33 billion, equivalent to 84.5% of the figure for the same period in 2019. The decrease in FDI pledges in the four-month period was also less than the decrease in the three-month period. This is an indication that the decline of FDI inflow will soon end and it is expected to increase sharply in the near future. According to economic experts, Vietnam's successful control of the COVID-19 pandemic will be the driving force to lure FDI inflow into Vietnam in the near future. Not only FDI, Vietnam has the opportunity to attract investors who wish to relocate their projects. American, Japanese, and European enterprises who intended to move their production out of China due to increasing labour prices and the impacts of the US-China trade war will accelerate this process amid the pressure from the COVID-19 pandemic. Moreover, the transition process will also receive support from their own countries. Specifically, Japan will spend approximately US$2.2 billion to support Japanese enterprises in relocating their factories to Japan or to diversify production facilities by moving to the Southeast Asia region. According to Dr. Nguyen Dinh Cung, a member of the Prime Minister's Economic Advisory Group, before the outbreak of the COVID-19 pandemic, the shift of production chains out of China appeared mainly due to the need to diversify the supply chain and to reduce risks of over-reliance on a single market, the increasing labour costs in China and especially the effect of the US-China trade war. Amid the development of the pandemic, the trend has become more visible. The production in China has been recovering but production and transportation costs have become more expensive. The COVID-19 pandemic has promoted the shift of investment out of China, the …