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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

An overview of the meeting between Prime Minister Pham Minh Chinh and Brazilian businesses . (Photo: VNA) Sao Paulo (VNA) – Prime Minister Pham Minh Chinh on September 24 asked Vietnamese and Brazilian businesses to concretise cooperation mechanisms with specific programmes and projects, with an aim to bring two-way trade turnover to 10 billion USD by 2025, and 15-20 billion USD by 2030 in a more balanced direction. PM Chinh, who is in an official visit to the South American country, stressed that after nearly 35 years of the establishment of diplomatic ties, the bilateral relations have developed positively in all fields. Vietnam and Brazil are currently each other's largest trading partner in Southeast Asia and South America, with their trade turnover reaching a record level of about 6.78 billion USD in 2022, up 6.6% year-on-year, and by threefold in the past decade. However, investment cooperation remains very modest, as Brazil currently has six valid projects … [Read more...] about Vietnamese, Brazilian firms asked to work together to raise trade to 10 billion USD

The Ministry of Agriculture and Rural Developmentrecently approved a master plan for the upcoming fourth working session , scheduled for October 10 - 18, with the European Commission (EC) inspection team over the country’s efforts to combat illegal, unreported, and unregulated (IUU) fishing. (Photo: VNA) Hanoi (VNA) - The Ministry of Agriculture and Rural Development (MARD) recently approved a master plan for the upcoming fourth working session, scheduled for October 10 - 18, with the European Commission (EC) inspection team over the country’s efforts to combat illegal, unreported, and unregulated (IUU) fishing. The team will consist of representatives of the EC’s Directorate-General for Maritime Affairs and Fisheries (DG MARE) and Delegation in Vietnam. The inspection targets the implementation of the EC recommendations on IUU fishing, with a specific emphasis on the monitoring of fishing vessel activities in Vietnamese waters, vessel arrivals and departures at … [Read more...] about Vietnam to host EC inspection team for anti-IUU fishing in October

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

One of the rare old houses in the area of Hanoi's Old Quarter, the Heritage House at 86 Hang Bac Street is full of funky secrets. One of the most prosperous streets in ancient Hanoi was Hang Bac Silver Street . It is also the city's jewelry trade cradle, with many interesting historical stories. Hanoi's "well-off" street The timeless beauty of the heritage house at 86 Hang Bac Street. Photo: Bao Xay Dung Legend has it that Emperor Le Thanh Tong ordered Luu Xuan Tin, who was in charge of internal affairs, to set up a royal mint to cast coins and silver bars. As the mint required a large number of silversmiths, Luu Xuan Tin brought many skilled craftsmen from Hung Yen Province to Hanoi, who settled on Hang Bac Street. According to local historians, the first concrete evidence of the existence of Hang Bac is on a stele still found at 42 Hang Bac Street. It indicates that people were already living and trading on Silver Street in 1783. … [Read more...] about Hanoi’s heritage house of great historical imprints

If proper efforts are made, using film to promote tourism in Nha Trang might be successful. The coastal province of Khanh Hoa is like a miniature Vietnam, with diverse cultures, natural conditions and historical buildings. In addition, Khanh Hoa hosts popular film festivals and events that bring together actors and directors from other countries, boosting tourism and becoming an attractive destination like Cannes in France, Busan in South Korea, and Hollywood in the US. Do Le Hung Tu, Chairman of the Vietnam Film Association, shared the view following the success of the 2023 edition of the Golden Kite Film Award , which ended this month. The aerial view of Nha Trang City. Photo: Khanh Hoa Tourism Department Echoing Tu, Ta Quang Dong, Deputy Minister of Culture, Sports and Tourism said the Golden Kite Film Award is a great opportunity for experts and managers to work together and create new cultural projects to make Khanh Hoa's Nha Trang City a popular … [Read more...] about Nha Trang promises to be a city of cinema tourism

Visitors can gain a deeper insight into Vietnam's rich and diverse ethnicity through the virtual photo exhibition. Two hundred photographs of women in traditional costumes from 54 Vietnamese ethnic groups, taken by renowned French photographer Réhahn, are being displayed for the first time on Google Arts' online digital museum - Google Arts & Culture. This portrait of a Red Dao woman was taken by Réhahn in Sapa, Vietnam's northern province of Lao Cai. The photo exhibition of 54 Vietnamese ethnic groups called "Precious Heritage" is divided into eight categories, including the costumes and cultures of ethnic groups living in the north, south, central, and southeastern regions and the art of indigo cloth dyeing of ethnic people in northern Vietnam. The captions are written in three languages-Vietnamese, English, and French-and introduce the different characteristics, lifestyles, and customs of each ethnic group, helping viewers better understand the … [Read more...] about Vietnam’s 54 ethnic minorities featured on Google Arts

Cuong said he was very impressed with the beauty and peacefulness of Bulgaria as well as friendly and hospitable Bulgarian people. He said that Vietnam attaches great importance to relations with European countries, including traditional friends like Bulgaria, and always remembers the support that Bulgaria has given Vietnam. For her part, Karaslavova expressed her pleasure at the positive development of partnership between the two N.A.s over the years, including cooperation between the Vietnamese N.A. Office and the Bulgarian N.A. Secretariat. There are many areas where the two agencies can learn from each other, she said. Agreeing with Karaslavova, Cuong said that the N.A. Chairman Vuong Dinh Hue’s visit is the first paid by a top Vietnamese legislator after 15 years, and expressed his belief that the visit will be an important milestone in the relations between the two countries and their parliaments. During this visit, the top legislators of the two countries will sign a new … [Read more...] about Vietnamese N.A. General Secretary meets with Bulgarian counterpart

Chairman Vuong Dinh Hue affirmed that Vietnam is ready to help Bangladesh ensure food security, as evidenced by the recent signing of the extension of the Memorandum of Understanding on rice trade for the 2022 - 2027 period. Apart from rice, Vietnam could export other products of Bangladesh’s interest, such as agricultural machinery, raw materials, household appliances, electronics, processed agricultural and aquatic products, and explore new areas of cooperation such as green textile and garment, education, sci-tech, especially climate change adaptation, he said. Hailing Bangladesh as a promising market with a population of 170 million people, Chairman Vuong Dinh Hue announced a plan to hold a business forum with the participation of hundreds of enterprises from both sides, as part of his ongoing visit. President Shahabuddin suggested Vietnam encourage firms to invest in Bangladesh's economic zones. He also expressed support for Vietnam's proposal to open direct flights to … [Read more...] about N.A. Chairman meets with President of Bangladesh

The event, held as part of the activities to celebrate the 50th anniversary of the Vietnam - Australia diplomatic relations, drew more than 100 representatives from Australian universities, education establishments, food enterprises, as well as those from local branches, sectors, restaurants, hotels, retailers, importers, universities and colleges. Rebecca Ball, Senior Trade and Investment Commissioner of Australia, said that the event is expected to serve as a booster for the Vietnam - Australia trade through new cooperation opportunities in education and agrifood. Similar roadshows were held in March in Hanoi, Hue and Da Nang, attracting more than 400 businesses, associations and education establishments, producing encouraging outcomes, so Austrade has high expectations that the September program will have noticeable impacts on bilateral trade, Ball said. Meanwhile, Vice Chairman of the provincial People’s Committee Le Huu Hoang expressed his hope that the roadshow will enhance … [Read more...] about Roadshow promotes Vietnam – Australia trade, education cooperation