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Dung Dang, Visa's country manager for Vietnam and Laos said, “For more than a decade, the Global Travel Intentions Study has equipped Visa and its partners with unparalleled insights into the travel and payment landscape. This invaluable knowledge allows operators in the industry to plan and execute effective strategies to satisfy consumer demands and grow their businesses, all while reinforcing Visa’s commitment to creating a cashless society.” Emerging trends powering the travel boom The GTI 2023 revealed an ongoing trend in the Vietnamese travel industry, with the rise of Gen Z and families with children as significant contributors to the growth. In terms of leisure trips, families travelling with kids and the older generation made the most trips over the past 12 months, with an average of 2.4. Gone are the days when travel was solely about ticking off landmarks from a checklist. Vietnamese travellers are now placing a strong emphasis on leisure-focused and … [Read more...] about A journey of discovery from Visa Global Travel Intentions Study 2023

The Japanese tourists recently told Asia One that they had been overcharged after trying a chili-style Alaskan King Crab at Seafood Paradise in Clarke Quay last month. After finishing their meal, they were shocked to receive the bill that charged them a total of S$1,322 (US$967), including a 10% service charge. The 3.5-kg crab dish they ordered cost S$938 (US$686). One of the Japanese tourists claimed they were not told they would be charged based on the weight of the crab, according to Asia One . The waiter initially told her the Alaskan King Cab specialty dish was about S$30 "without explaining that they charge per 100 grams." After arguing with the restaurant, the tourists called the police who arrived to settle the dispute before the restaurant offered them a S$107.40 discount, Channel News Asia reported. The group eventually paid for the meal. The Japanese tourists then reported the incident to the Singapore Tourism Board, which in turn brought the matter to … [Read more...] about Singapore restaurant denies that it cheated Japanese tourists

A condotel project developed by Nam Long Investment Joint Stock Company (NLG). NLG has approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion, expected to be implemented in the third quarter of this year. — Photo courtesy of NLG Real estate companies are continuously announcing plans to issue bonds to raise capital. The Board of Directors of Nam Long Investment Joint Stock Company (NLG) on September 19 approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion (US$21.2 million), expected to be implemented in the third quarter of this year. The bond lot is a non-convertible bond, with a term of five years, without warrants, with an expected interest rate of 9.6 per cent per year. With the proceeds, Nam Long will use them to invest in the Nam Long 2 Residential Area project in Nam Cần Thơ Urban Area, Cần Thơ City. The project has a total investment capital of VNĐ500 billion; total area of 43.8 hectares. In mid-February … [Read more...] about Realty firms look to raise capital via bonds

Check out the latest news about Vietnam. European Commission to inspect IUU fishing in Vietnam A delegation from the European Commission (EC) will visit Vietnam on October 10-18 to work with Vietnamese authorities on efforts to prevent illegal, unreported and unregulated (IUU) fishing , the Ministry of Agriculture and Rural Development said on September 25. A high-level dialogue session between the Ministry of Agriculture and Rural Development and the EC working group will take place on October 18, 2023 to discuss the findings of the inspection. Delegates attend the opening ceremony of the Vietnamese Goods Week in Paris. Photo: VNA Vietnamese products promoted at Frech Système U supermarket chain A delegation of 15 Vietnamese enterprises in agriculture, food, and textile industries are promoting their products at the Système U supermarket chain in France as part of the Vietnamese Goods Week in France. The event was inaugurated on September 25 in … [Read more...] about Vietnam news in brief – September 26

The period between January and September saw airports across the country welcoming 89 million passengers, including 23.7 million foreigners, up 20% and 266.8% year-on-year, respectively. (Photo: VNA) Hanoi (VNA) – Vietnam’s international aviation market has gradually recovered in the first nine months with an increase in the number of foreign passengers, said the Vietnam Civil Aviation Authority (CAAV). According to statistics, the period saw airports across the country welcoming 89 million passengers, including 23.7 million foreigners, up 20% and 266.8% year-on-year, respectively. Vietnam ese airlines transported 44.1 million passengers, an increase of 20.3% compared to the same period in 2022. Of the total volume, 11.5 million were foreigners, soaring by over 300% annually. The international air transport market continues to maintain its recovery momentum for most traditional markets (excluding China and Russia) and records the presence of some new markets in … [Read more...] about International aviation market shows signs of recovery

Vietnam ranked 19th in a list of 40 most visited countries based on an analysis of flight bookings between July 1 and August 31 by Spain-based travel data and analytics company ForwardKeys. Most Southeast Asian countries, except Thailand, stood behind Vietnam on the list, including the Philippines at 23rd, Singapore 24th, Indonesia 27th, and Malaysia 36th. Thailand was 14th and one of the only two Southeast Asian countries to break into the top 20 along with Vietnam. The number of foreign tourists arriving in Vietnam by air this summer jumped 12% over the same period last year but was 28% lower than pre-pandemic levels, the report said. Vietnam welcomed 2.3 million international visitors in July and August, equivalent to 80% of the figure during the same period in 2019. Of these, nearly 2 million visitors arrived by air, about 88% of pre-pandemic levels, according to the Vietnam National Administration of Tourism. Starting August 15, Vietnam's new immigration policy accepts … [Read more...] about Vietnam world’s 19th most visited destination this summer

On September 22, Montri Suwanposri, C.P. Vietnam's CEO and president, attended the launch ceremony at Lotte Mall West Lake Hanoi. Other guests included Praween Wirotpan, chairman of the Thai Chamber of Commerce and Industry in Vietnam, Oranus Watthayanon, minister counsellor of the Thai Embassy in Vietnam, Wirat Wongpornpakdee, senior vice president of C.P. Vietnam, and Asif Haneef Mehrudeen, founder of the Chickita brand. Chickita boasts flame-grilled chicken with eight unique Asian sauces and special recipes. The chicken comes from C.P. Vietnam's farms and retains the natural smoky flavour of grilled chicken. The restaurant operates on the from-farm-to-table philosophy, bringing attractive dishes to diners. Mehrudeen highlighted that the restaurant's outstanding feature is that all the chickens are raised on brown rice, drinking clean water and running in the gardens in Binh Phuoc province without the use of any growth stimulants. "Therefore, the chicken has a higher protein … [Read more...] about CPFoods launches first Chickita restaurant in the north

Workers check a production line at the Trung Nam Electronic Manufacturing Services in Đà Nẵng's Information Technology Park. Samsung group will support two businesses to build smart factories in Đà Nẵng City. — Photo courtesy of Quang Huy Samsung Việt Nam will help two businesses – Trung Nam Group and Tân Long Paper and Package Company – build the first smart factories in the central city as it nears the target of making it a ‘smart and green’ urban area. The city’s trade and industry department said the plan is part of the Memorandum of Understanding (MoU) signed by Samsung Việt Nam, the Ministry of Trade and Industry and the city’s department. Samsung will survey the two factories for options of applying smart production lines and management from September to December of 2023. Last year, Trung Nam Group, in cooperation with Xelex Corporation, rolled off the first production lines locally-made Xelex tablets at the Trung Nam Electronic Manufacturing Services in Đà Nẵng's … [Read more...] about Samsung supports local businesses building smart factories