How does tourism help the economy

In the medium- and long-term, the EVFTA will contribute to raising domestic revenues thanks to economic growth, at an estimated 7 trillion VND 10 years after the deal took effect, which compensates for the drop in import-export duties, projected at VND 2.53 trillion after 10 years implementing the deal. … [Read more...] about EVFTA hoped to help with sustainable poverty reduction in Vietnam

In the future, Ambassador Giorgio Aliberti believes that the important thing is the bilateral trade boost. Investment is mostly in the area of trade. When trade activities run smoothly, EU investors will see the potential of Vietnam and seek opportunities for cooperation. They need time to learn more about Vietnam as well as the Vietnam-EU bilateral trade relations. This serves as a “U-turn,” helping Vietnam integrate better into the global value chain. … [Read more...] about EVFTA and EVIPA help attract more investment in Vietnam

The announcement was made at the second Innovation Partnership Meeting, at which the Australian Ambassador to Vietnam H.E. Ms. Robyn Mudie and Minister of Science and Technology (MoST) H.E. Mr. Chu Ngoc Anh jointly reviewed achievements from the first 18 months of the Aus4Innovation program. Highlights have included nearly AUD 4 million in funding to scale up innovative partnerships between Vietnamese and Australian institutions, capacity building activities in science commercialization for individual researchers and institutions across Vietnam, and support to MoST in important science, technology and innovation policy research. … [Read more...] about Australia kicks off new initiative helping Vietnam apply AI for post COVID 19 economic recovery

Deputy Minister of Agriculture and Rural Development Phung Duc Tien suggested applying biosafety in breeding as a means of meeting domestic demand for pork by the end of the third quarter and at the start of the fourth quarter this year. … [Read more...] about Imported pork floods Vietnamese market

Fuelled by economic growth and the advent of low-cost carriers, domestic tourism in Vietnam grew 22 per cent per year from 2014 to 2019, registering 85 million domestic travellers last year. Even now, as COVID-19 containment measures disrupt international tourism, Vietnam’s successful management of the virus and the quick re-opening of the economy have prompted greater emphasis than ever on domestic tourism to spur growth. … [Read more...] about Wínk Hotels launches with domestic market firmly in its sights