The Hai Ba Trung Pedestrian Street was opened on Sunday evening in Hue City, becoming the third walking street in the central province of Thua Thien-Hue. The Hai Ba Trung Pedestrian Street is opened in Hue City on March 26 The 850-metre street is located by the south of Huong River and Hoang Thanh night street. It operates from 6 pm until midnight every Friday, Saturday and Sunday. This is the third walking street in the central city. Two others include a pedestrian zone around the iconic Imperial Citadel, and the backpacker precinct at the intersection of Vo Thi Sau, Chu Van An, and Pham Ngu Lao streets. Speaking at the opening ceremony, Chairman of Hue City People’s Committee Vo Le Nhat, said that Hai Ba Trung pedestrian street was open on the occasion of the 48th anniversary of the Liberation Day of Thua Thien-Hue province (Mar 26, 1975 - March 26, 2023). "The pedestrian street is expected to create a new place for entertainment, sightseeing, … [Read more...] about Third pedestrian street opens in Hue City
F60 open pit conveyor bridge
FPT Software opens new office in South Korea
With the new facility, FPT Software is the first Vietnamese IT company to open an office in the Korean market, pinning high hopes on strengthening the company’s presence there and becoming a world-class, billion-dollar company. FPT chairman Truong Gia Binh spoke at the opening ceremony Addressing the opening ceremony, FPT Corporation chairman Truong Gia Binh said, "Our business philosophy is to stay closer to our customers, which could let us reach and serve our customers better. FPT will continuously open new offices around the world. FPT Software's second office in Korea helps us expand our global network further and strengthens our ability to connect and accompany customers despite time and geography." According to FPT Software Korea CEO Ha Minh Tuan, the new office is expected to address the shortage of IT talent in the country. “We also see strong demand for technology solutions such as AUTOSAR, IVI, SAP, low-code, managed services, and digital transformation. … [Read more...] about FPT Software opens new office in South Korea
Danang hospitality sector called on to open more toilets
Danang authorities are calling at least 50 hotels and restaurants in Son Tra District to offer free toilet facilities for tourists as part of an effort to boost hospitality in the central city. A hotel in Son Tra has offered free toilets for tourist This move is part of efforts to promote the city’s Comfort as Home campaign to provide free bathrooms for travellers. The campaign was launched in Danang’s Son Tra and Hai Chau districts in 2015. Son Tra District’s Department of Natural Resources and Environment has been assigned to support local hotels and restaurants with Comfort as Home-Free Toilet stickers. The stickers will be at the front entrance and toilet entrance. … [Read more...] about Danang hospitality sector called on to open more toilets
Visa upgrade at heart of fresh approach to tourism
Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism
Vietnam’s retail market proves attractive for foreign investors
People shop at a supermarket in Hanoi. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here. According to the Ministry of Industry and Trade, the Vietnamese retail market is worth 142 billion USD and is expected to increase nearly 2.5 times to 350 billion USD by 2025. In January, total retail sales of consumer goods and services decreased by 6% on-month to more than 481.8 trillion VND (20.4 billion USD) due to weaker demand as many commodities were purchased ahead of the Lunar New Year. People spent more on festival activities post Tet, said the General Statistics Office. However, it still rose 13% year-on-year. For the first two months of the year, the country’s total retail sales of consumer goods and services advanced 13% over the same period of 2022 to over 994.1 trillion VND. … [Read more...] about Vietnam’s retail market proves attractive for foreign investors
Ninh Thuan grape and wine festival 2023 to be held in June
Illustrative image (Photo: VNA) Ninh Thuan (VNA) – The south central province of Ninh Thuan will hold a grape and wine festival from June 13-18 to highlight the local products and culture. The opening ceremony is slated for June 16 evening. On the occasion, the locality will also hold a ceremony receiving UNESCO’s certificate recognising the pottery making art of Cham ethnic people as an Intangible Cultural Heritage in Need of Urgent Safeguarding. A tourist tastes wine in a grape orchard. (Photo: VNA) Activities during the festival are designed in response to the 2023 National Tourism Year themed “Binh Thuan – Green Convergence”. Grapes were introduced to Ninh Thuan province in the 1960s. With its hot and dry climate and sandy soil, Ninh Thuan has favourable conditions for grape cultivation, making it a unique agricultural product of the region. Ninh Thuan grapes have been certified for geographical indication by the National Office of Intellectual Property. … [Read more...] about Ninh Thuan grape and wine festival 2023 to be held in June
VN-Index extends its long winning streak
Logo of Vietcombank on its trading office in Tran Hung Dao Street, Ha Noi. The bank shares soared 2.25 per cent on Monday, led the market's bullish sentiment. — VNS Photo Ly Ly Cao Benchmark indices opened the week on a positive note, buoyed by the improvement of risk appetite. The VN-Index on the southern bourse Ho Chi Minh Stock Exchange (HoSE) ended Monday at 1,052.25 points, a gain of 5.46 points, or 0.52 per cent. It logged a long rising streak of five days with the market's breadth inclining to the uptrend. Meanwhile, liquidity increased slightly, of which over VND9.7 trillion (US$413.2 million) worth, equivalent to nearly 557 million shares, was traded on HoSE. The VN30-Index also advanced 5.03 points, or 0.48 per cent, to close the trading day at 1,056.45 points. Twenty of the 30 biggest stocks in market capitalisation of the VN30 basket jumped, of which one hit the ceiling price. Eight stocks declined while two stayed flat. On the Ha Noi Stock Exchange (HNX), the … [Read more...] about VN-Index extends its long winning streak
N.A. Chairman holds working session with Binh Thuan leaders
Noting that Binh Thuan is referred to as a "transportation hub" that connects the North central and central coastal regions with the southern key economic region, Chairman Vuong Dinh Hue said with existing potential and advantages as well as socio-economic achievements in recent years, Binh Thuan will have all the important conditions to make a strong breakthrough when the eastern section of the north-south expressway is open to traffic and Phan Thiet airport is put into operation. He asked the province to promptly submit its master plan for the 2021-2030 period with a vision to 2050, stressing that it needs to identify new growth drivers and production capability in the development process as well as try harder to draw investment in industrial parks. Further attention should be paid to cultural-sport-tourism activities, health care, education, social welfare and sustainable poverty reduction, he said. In the morning the same day, Chairman Vuong Dinh Hue offered incense and paid … [Read more...] about N.A. Chairman holds working session with Binh Thuan leaders
More welcoming policies will rejuvenate tourism chances
International visitors come to Vietnam for tourism purposes, market surveys, and investment. They not only bring about revenue and profit for the aviation and tourism industries, but also are an important factor for economic recovery and development across the country. Bui Doan Ne - Deputy chairman, Vietnam Aviation Business Association With over 70 per cent of international visitors to Vietnam arriving by air, resuming international flight routes promptly will support aviation and tourism, enabling them to recover soon and increase their competitiveness. These are dynamic industries that contribute significantly to the country’s GDP growth and economic development. International tourism to Vietnam has recovered slowly compared to other regional countries due to tight regulations in other countries, particularly China. The conflict in Ukraine has increased fuel costs and travel restrictions to European markets. Difficult economic conditions have also affected … [Read more...] about More welcoming policies will rejuvenate tourism chances
Kredivo closes $270m Series D equity round
This round was led by Japanese global bank Mizuho Bank, Ltd., a subsidiary of Mizuho Financial Group, Inc. and drew significant interest from Kredivo Holdings’ existing stable of top tier investors, including Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures. This funding round will cement Kredivo’s leading position in the digital financial services industry through its powerful expanding ecosystem which includes online and offline Buy Now, Pay Later (BNPL), personal loans, credit cards (physical and virtual) and support the upcoming launch of the neobank Krom. Kredivo is already a market leader in the third party BNPL segment in Indonesia, covering all major ecommerce and offline channels in the country via its open loop network. Akshay Garg, CEO of Kredivo Holdings said, “Despite challenging market conditions, investors continue to recognise the scale and strength of our business, and our innovation potential. … [Read more...] about Kredivo closes $270m Series D equity round