The Mekong Delta is home to a huge resource of cultural heritage and relics, which can promote tourism development. It is also home to unique ecosystems and diverse communities unlike anywhere else in the country. It offers much more than the better-known sites of floating markets, rice paddies and orchards, such as pagodas, agricultural communities, and spectacular rural scenes, seas and islands. However, many tourists choose to visit typical Delta destinations due to an overlap in tourism products and unattractive inter-regional tour packages. According to the Mekong Delta Tourism Association, the whole region welcomed more than 33 million visitors in 2017, including 2.8 million foreigners with revenue of over VND17 trillion. Each tourist visiting the Mekong Delta spent about US$22 per day, 75 percent less than the average in the country. Overall, the annual tourism growth in the region is nine percent, while growth in other tourism regions generally reaches two-digit levels. … [Read more...] about Vietnam’s Mekong Delta provinces are not all the same
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Statistics showed that there were 29 products with export turnover above $1 billion, of which, five products with export turnover of above $10 billion, accounting for 59.4 percent, belong to industrial manufacturing group. Specifically, export turnover of cell phones and components hit $43.5 billion, accounting for 20 percent of total export turnover, an increase of 5 percent over the same period last year. Electronic products, computers and components exports reached $28.8 billion, an increase of 17.1 percent. Exports of garment and textile products ranked third with $27.4 billion, an increase of 8.7 percent. Exports of footwear, machinery, devices, tools and spare parts both touched $14.6 billion, an increase of 11.2 percent and 7.6 percent, respectively. Products with decreasing export turnover were mainly agricultural products. For instance, seafood exports reached $7 billion, down 3.4 percent; fruits and vegetables export turnover was at $3.1 billion, down 5.8 percent; exports … [Read more...] about Industrial manufacturing exports nearly reach US$183 billion in first ten months
Meeting barriers in loyal markets, Vietnam’s businesses have begun eyeing Nepal, the Democratic People’s Republic of Korea and Islamic countries in an effort to diversity export markets. The Halal Certification Office in Tan Binh district in HCMC confirmed that hundreds of Vietnam’s businesses have come to the office to receive training and follow procedures to obtain certificates on meeting Halal standards for Muslims (with no pork, dog meat, alcoholic ingredients and prohibited additives in the content). The businesses include big names such as Orion Vina Food, Vinamilk, Nestle Vietnam, Cai Lan Vegetable Oil, Tien Giang Food and Friesland Campina. Many certificates were granted to seafood companies, including Minh Phu, An Phu and Hung Ca. Nguyen Thi Ngoc Hang, head of marketing division of the office, said Vietnam has great advantages in exploiting Halal market because it has abundant farm and seafood materials. The businesses include big names such as Orion … [Read more...] about Vietnam’s businesses try to exploit unfamiliar markets
Since it normalized relations with the powers like China in 1991 and the USA in 1995, Vietnam has begun to integrate into the global economy. Throughout this process of integration, Vietnam has signed numerous free trade agreements (FTAs) with countries and groups of countries. Vietnam's earliest FTA was the agreement signed with the Association of Southeast Asian Nations (ASEAN) in 1996, just one year after Vietnam joined ASEAN. Then, in 2007, Vietnam officially became a member of the World Trade Organization (WTO). After that, Vietnam signed many more FTAs, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at the end of 2018 and most recently the EU-Vietnam Free Trade Agreement (EVFTA) in June 2019. So far, Vietnam has signed 13 trade agreements, of which 12 have entered into force. Vietnam is also negotiating three other agreements. Economic powers such as the US, China, Japan and South Korea have inked trade agreements with Vietnam. These … [Read more...] about Who will lead Vietnam’s economy?
Pan Spring in Hat Lot township of Mai Son district, the northern mountainous province of Son La, has been in full spate, flooding tens of local houses (Photo: VNA) Hanoi (VNS/VNA) - Heavy downpours and floods in northern mountainous and Cuu Long (Mekong) Delta provinces over the past days have wreaked havoc.flash floods and landslides are predicted, according to the National Centre for Hydro-Meteorological Forecasting.floods, especially recovering 12 landslide spots in Dien Bien province and eight others in Son La province.heavy downpours will last until today in northern mountainous provinces with high volume of up to 150mm in 24 hours in Dien Bien, Lai Chau and Lao Cai. The water levels of the Luc Nam, Thuong, Cau and Ca rivers are also rising.-VNS/VNA VNA … [Read more...] about Heavy rain forecast to continue nationwide