Promotes domestic tourism

Falls were seen in almost all major markets, such as China (down 57.2 %), Malaysia (53.9 %), the Republic of Korea (53.4 %), Japan (48.2 %), France (47.5 %), the UK (44.3 %), and Russia (23.2 %). Conversely, the number of Cambodian tourists surged 118.3 %. Revenue from tourism services in the period was estimated at 8.3 trillion VND (359 million USD), down 54.1 %. Localities seeing significant declines in revenue include the southern province of Ba Ria-Vung Tau (72.9 %), south-central Khanh Hoa province (68.2 %), HCM City (66.1 %), and northern Quang Ninh province (65.4 %). Vietnam has suspended granting visas to foreigners amid the COVID-19 pandemic. Most foreign visitors currently in the country are experts and technicians. The Ministry of Culture, Sports and Tourism launched the “Vietnamese people travel in Vietnam” programme in early May to stimulate domestic tourism. … [Read more...] about International tourists down nearly 50 %

Tri Ton sign on the top of Phung Hoang Son Mountain. Turning historic values into tourism values is a mission of the new generation. Tuc Dup Hill has turned green, providing tourists with new experiences. Amid the district’s strong economic restructuring, An Giang Tourimex continues to spend hundreds of billions of Vietnam dong upgrading the Tuc Dup Hill historic site and developing the cultural, historic and eco tourism. The landscape in the tourist site has become more splendid and colorful thanks to the investor’s significant investment. Coming to Tuc Dup, visitors can enjoy a joyful and busy lifestyle instead of losses caused by wars, and feel the great vitality there.  … [Read more...] about The Mekong Delta’s awakening hinterland

Due to most Vietnamese enterprises being small and medium-sized with only access to limited resources, only a few big Vietnamese enterprises such as Saigon Co-op, VinCommerce, and Massan have been able to develop their own brand capable of competing in the local retail market. Indeed, other businesses have been forced to either shut down, enter into joint ventures, or halt operations altogether. … [Read more...] about EVFTA puts great pressure on Vietnamese retailers

In addition, the Ministry of Industry and Trade will strengthen monitoring of compliance with international regulations in bilateral and multilateral trade agreements of domestic enterprises operating in fields which are at risk of being investigated and applied trade measures; study, review and complete domestic and international policies and laws related to trade remedies. … [Read more...] about Early warning system on trade defence to be built

The investment was made through associate company BRE Singapore Pte., Ltd. (BRES), in which the Thai company holds 50 per cent of shares through Banpu NEXT Co., Ltd. For this project, Banpu secured a feed-in tariff of 8.5 US cents per kilowatt-hour for a period of 20 years, in accordance with the power purchase agreement with Electricity of Vietnam. … [Read more...] about Southeast Asian M&As gathering momentum