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The fifth plenary session of the 15th National Assembly has discussed and approved a number of important draft bills, including three new amendments to regulations that have significant impacts on the tourism industry in Vietnam. These policies are expected to boost the recovery and development of the tourism sector. Martin Koerner - Chairman EuroCham Vietnam’s Tourism and Hospitality Sector Committee The first law is to extend the visa exemption duration from the current 15 days to 45 days for citizens of countries that currently can travel to Vietnam visa exempt, including France, Germany, Italy, Spain, the UK, Japan, South Korea, Norway, Finland, Denmark, and Sweden. This law aims to attract more tourists from these key markets and encourage them to stay longer and spend more here. The second law is to expand the list of countries eligible for e-visa from 46 to 80, including markets such as India, Brazil, Mexico, and Argentina. The e-visa allows visitors to apply … [Read more...] about The future of tourism in Vietnam new visa policies and beyond

At the Na tional Assembly's session on June 2. (Photo: VNA) Hanoi (VNA) – Three bills will be tabled for discussion at the National Assembly on June 5, during the on-going fifth session . In the morning, the draft revised law on credit organisations and the draft revised housing law will be presented to the NA, along with reports assessing the bills. NA deputies will then discuss in group the draft revised housing law, which has 13 more articles compared to the 2014 law. The new bill drops 7 articles of the current law, adding 34 articles while keeping 47 articles unchanged and amending 104 articles. In the afternoon, the deputies will discuss in group the draft revised law on water resources and the draft revised law on credit organisations ./. VNA … [Read more...] about National Assembly to discuss three bills on June 5

Vietnamese Minister of Foreign Affairs Bui Thanh Son . (Photo: VNA) Paris (VNA) – Vietnamese Ambassador to France Dinh Toan Thang has said Vietnamese Minister of Foreign Affairs Bui Thanh Son’s attendance at the 2023 Organisation for Economic Cooperation and Development (OECD) Ministerial Council Meeting (MCM) and official visit to France from June 5-8 would provide an opportunity to reaffirm the common perception of the vision of the bilateral relations and the determination to promote deeper and closer connections between the two countries, particularly in meeting their requirements in the new context. In an interview granted to the Vietnam News Agency (VNA)'s resident correspondents in Paris, Thang said it is the first visit to France by a Vietnamese Minister of Foreign Affairs since the two countries upgraded their relationship to a strategic partnership a decade ago. It is also meant to celebrate the 50th anniversary of bilateral diplomatic ties and the 10th … [Read more...] about FM’s France visit to reaffirm common perception of vision of bilateral ties: Ambassador

The northern region of Vietnam is in the midst of a scorching heatwave. A representative from EVN stated that electricity consumption, both nationally and in Hanoi in particular, has steadily increased recently as a result of widespread and prolonged hot weather. According to EVN's statistics, the average daily electricity consumption in the city was 58,336 million kWh in March, 61,542 million kWh in April, and 75,406 million kWh in May. Consequently, average electricity consumption in May increased by more than 22.5 per cent compared to April. Deputy Minister of Industry and Trade (MoIT) Do Thang Hai, speaking on June 3, said, "Some areas currently lack sufficient electricity for production and daily, but the situation will soon be rectified." The power disruption in Hanoi and other areas will only last for a limited duration. According to Hai, hydropower, one of the primary sources of electricity in the north, is being mobilised at a low level due to the lack of sufficient … [Read more...] about Northern Vietnam lacking sufficient electrical power

Manulife Vietnam repays over $34 million in light of accusations Lieutenant General To An Xo, the official spokesperson for Vietnam’s Ministry of Public Security, addressed inquiries from local media during a routine government press conference on June 3. It concerned the ongoing developments in the case involving Manulife Vietnam and Saigon Commercial Bank (SCB) and accusations of illicitly transforming customers' savings deposits into life insurance agreements. Lieutenant General Xo disclosed that the police have received a total of 579 complaints and have taken decisive action in response to each one. According to local media Dantri, Lieutenant General Xo shared that as of May 31, Manulife Vietnam had received a staggering 6,060 complaints pertaining to insurance contracts. Out of this substantial number, Manulife has successfully addressed and resolved 3,553 of the complaints. "Manulife has demonstrated its commitment to resolving this issue by refunding a large sum of … [Read more...] about Manulife Vietnam repays over $34 million in light of accusations

Nearly 250 athletes take part in the first sea swimming Ly Son Cross Island tournament on May 28. (Photo of organisers) Hanoi (VNS/VNA) - The open sea swimming competition on Ly Son island was highly appreciated for its organisation and preparation as it was held for the first time in the central province of Quang Ngai last weekend. In its inaugural race, nearly 250 athletes, locals and foreigners, swam in the middle of the sea paradise and overcame ancient craters and millions of years of volcanic sediment as well as diverse coral reefs. They were guided by a special corridor made of national flags from the start to the finish of the three-category competition entitled Ly Son Cross Island. Khoa Sun and Nguyen Thi Thu Trang won the men's and women's 5km, respectively. Vo Tri Trung and Tran Thanh Binh were winners of the men's and women's 2km classes. Nguyen Dang Khoa and Dang Linh Giang topped the men's and women's 1km divisions. "Congratulations to all the … [Read more...] about Ly Son island swimming event successful, to become annual tourism product

There are 9,953 Mobile Money service points nationwide. — Photo vnexpress.net Viet Nam had more than 3.9 million people using Mobile Money service by the beginning of last month, an increase of 6.3 per cent compared to March and three times higher compared to the same period last year. Statistics of the Viet Nam Telecommunications Authority (VNTA) under the Ministry of Information and Communications show that the number of Mobile Money users in rural, mountainous, and remote areas reached more than 2.7 million customers, accounting for 69 per cent of service users. Currently, there are 9,953 Mobile Money service points nationwide, an increase of 12 per cent compared to March. The number of units accepting payment via Mobile Money reached 15,326 points, up 0.2 per cent. The total number of transactions including deposit, withdrawal, money transfer, and payment by Mobile Money is more than 26.1 million transactions, with a total transaction value of more than VND1.7 trillion … [Read more...] about Mobile Money has nearly 4 million users

Nguyen Thanh Dan from HCMC booked a five-star hotel room in Ha Long City for two weeks starting Sunday, but on the first night of her stay the power went out immediately. It was an extremely hot night, and her baby could not stand the heat, so she had to cancel her room and rent another at a nearby three-star hotel. "I had not received any announcements in advance about power outages. Seventy rooms at my hotel were filled on Sunday," said a representative from Green Suites Hotel. Because of the power cuts, guests canceled their rooms. In addition to a refund of VND600,000 (US$25.53) per room, the hotel also lost paying additional compensation to guests. By Monday morning, the hotel had rented a large generator to prevent unexpected power outages. Many parts of Ha Long, a top tourist attraction in the northern region, have been suffering sudden power cuts over the past several days, affecting tourism activities as it’s now the peak summer travel season. Many hotels, motels … [Read more...] about Ha Long tourists, hotels suffer massive power outages

At a conference on solutions to develop and promote investment in real estate for agricultural tourism in Vietnam on May 25 in Hanoi, an action programme was discussed to create motivation for agro-tourism and rural development. Legal synchronisation can unlock agro-tourism potential Organised by the Vietnam National Administration of Tourism and the Vietnam National Real Estate Association (VNREA), it was the first time that a large-scale event discussed such issues. Nguyen Van Khoi, chairman of VNREA, said that the development of agricultural tourism is gradually becoming a trend in rural areas, especially in agricultural economy countries like Vietnam. It not only benefits the industry but also contributes to increasing the value of the land, raising opportunities for economic development, and improving the lives of local people. “In order to increase the value of the land through the development of agricultural and rural tourism, a sustainable development … [Read more...] about Legal synchronisation can unlock agro-tourism potential

Currently, land rents in IPs in Vietnam are roughly 20 per cent less than in Thailand and Indonesia, according to Vu Minh Chi, senior manager of Industrial Services at Colliers Vietnam. "The reason is the quality and diversity of this market is inadequate," remarked Chi. Land tax has been reduced by 30 per cent this year, and it is proposed that the VAT rate be reduced to 8 per cent to support production enterprises. All showcase the appealing qualities of industrial real estate in Vietnam. Vietnam is still considered an attractive investment destination. According to the Foreign Investment Agency, the total registered foreign investment capital in Vietnam reached nearly $8.88 billion in April, representing an increase of 82.1 per cent on-year. The figure includes750 new projects receiving investment registration certificates, with a total registered capital of more than $4.1 billion. In addition, 386 projects were registered to modify investment capital, an increase of 19.5 per … [Read more...] about Vietnam’s industrial rents are rising swiftly