Record setting roadside attractions around the world

The press meeting announcing the Hoa Sen Soundfest 2023. — Photo vietnamplus.vn The large-scale outdoor international music festival Hoa Sen Soundfest 2023 is expected to attract more than 50,000 participants. The information was released at a press meeting held in Ha Noi on Saturday. The festival will take place on May 2 at Lam Vien Square in Da Lat City, Lam Dong Province. It is expected to include a performance by the Bucharest Symphony Orchestra, the most famous orchestra in Romania and among the best in Europe. The event will also have the attendance of famous artists such as My Linh, Tung Duong, Da LAB, Truc Nhan, and Ha Nhi. The Hoa Sen Soundfest 2023 will be jointly organised by Hoa Sen Concert Company, the Department of Culture, Sport and Tourism of Lam Dong Province and the People’s Committee of Da Lat City. It will be organised according to a completely new trend - a combination of traditional Eastern art forms and Western classical music. Le Hoang Dieu Tam, … [Read more...] about Hoa Sen Soundfest 2023 to attract over 50,000 participants

A customer shops for mobile phones at a Mobile World store. For Mobile World (MWG), Q4 profit after tax dropped sharply by 60.4% year-on-year to 619 billion VND, a multi-year low. (Photo: thegioididong.com) Hanoi (VNS/VNA) - Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates. Mobile World (MWG) and Digiworld (DGW) are both hovering around the long-term bottom with a drop of more than 50% from the peak. Petrosetco (PET) has been almost flat since the beginning of February while Petrosetco Distribution JSC (PSD) is finding the bottom. This duo has dropped by 60-65% of the market price compared to their peak. The Phu Nhuan Jewelry Group (PNJ) and FPT Retail (FRT) have been struggling since the end of January. These two stocks have fallen by 16% and 38% respectively from the peak. The recent plunge in retail stocks partly came from the decline in business results. … [Read more...] about Retail stocks drop amid economic downturn and high interest rates

Stakeholders have much to say about the current state of the tourism industry, and what must be done Prime Minister Pham Minh Chinh chaired a tourism recovery conference on March 15 and talked to management agencies and tourism businesses about removing obstacles for the industry to thrive once again. Despite being one of the first Southeast Asian countries to fully reopen to international tourism after the pandemic, Vietnam’s tourism industry still trails other countries in the region. The PM raised a series of questions about tourism promotion, competitive advantages, products, and visa policies – all factors that are considered to be subjective causes for Vietnam’s tourism to fail its foreign tourism targets thus far. “Tourism cannot develop alone, and tourism cannot develop if culture and the entertainment industry do not develop,” PM Chinh said. He directed the tourism industry to build green and sustainable tourism products, finance tourism activities, and develop … [Read more...] about Tourism breakthrough within reach

At last week’s tourism recovery conference in Hanoi, Prime Minister Pham Minh Chinh stated that Vietnam will waive visas for more countries and extend the duration of stay for international tourists to accelerate the recovery of tourism. Better conditions will also be created for airlines to open direct routes to Vietnam. More flexible visa policy finally on cards after multiple gripes, Photo source: freepik.com The prime minister stressed that after Vietnam reopened its tourism market, it failed to attract foreign visitors as expected in 2022. There has been a lack of attractive tourism products and quality remains limited, he said. According to Pham Hai Quynh, director of the Asian Tourism Development Institute, easing visa requirements is a starting point for attracting more tourists to the country. It also encourages travellers to stay longer and explore more. “With improvements in visa openness, Vietnam is likely to woo more tourists and investors to Vietnam. … [Read more...] about More flexible visa policy finally on cards after multiple gripes

Hanoi's goal for 2023 is to secure the city's socio-economic performance and further develop a cultured, modern, and civilized society. Hanoi aims to constantly improve the leadership of the Party Committee and the sense of responsibility of government officials and Party members, especially the heads of government agencies, to fulfill all the socio-economic growth tasks set for 2023. Dinh Tien Dung, Member of the Politburo and Secretary of the Hanoi Party Committee, talks to Nhan Dan (People) newspaper about the plans and actions the city expects to carry out on the occasion of the 93rd anniversary of the founding of the Hanoi Party Committee. Dinh Tien Dung, Member of the Politburo and Secretary of the Hanoi Party Committee. Photo: The Hanoi Times As head of the Hanoi Party Committee, could you share some of Hanoi's achievements in the first half of 2020-2025? Hanoi has endured many international impacts in the past two and a half … [Read more...] about Innovation-centered approach boosts Hanoi’s performance in socio-economic growth

Speaking at the roundtable, Nguyen Thi Le Huong, deputy general director of Vietravel cum director of Vietravel Hanoi said, "With a coastline of 3,000km, Vietnam has the potential to become a resort destination. Vietnam is attracting tourists from India, Korea, and Mongolia to discover its beautiful beaches, but it is important that the government and the business community take a comprehensive approach to dealing with problems." "In Thailand, tourism has reached every corner of the family. Thailand launched the ABC strategy four years ago to revive tourism by combining familiar tourist attractions to create new points on the travel itinerary. Vietnam is certainly not at a competitive advantage to other regional peers with its magnificent landscape, long coastline, and world-heritage sites," Huong added. "It is vital we reposition our brands and products and the government should issue policies that promote new destinations to meet the changing demands of travellers," she said. "In … [Read more...] about Tourism in Vietnam can achieve more

La Gan offshore wind power project. Viet Nam has many favourable conditions to create a thriving offshore wind industry. — Photo vietnamplus.vn Offshore wind is a great dual opportunity for Viet Nam, helping deliver green and cost-efficient energy for the continued economic development of the country and at the same time support Viet Nam in achieving its net-zero by 2050 commitment made in COP 26. Nicolai Prytz, Denmark ambassador to Viet Nam, made the statement at the workshop “Promoting Viet Nam’s Offshore Wind Power Development: International Best Practices and Policy Recommendations” held in Ha Noi on Thursday. Viet Nam has many favourable conditions to create a thriving offshore wind industry: a long coastline, ample wind resources, relatively shallow seabed areas suitable for fixed foundations, and a well-established supply chain that can be used almost immediately or transition relatively quickly to support many parts of the construction process and associated … [Read more...] about Dual opportunity for Viet Nam in offshore wind industry development

The US-China trade war and the pandemic have urged companies to relocate production to avoid tariffs and the need to rely on a single market. These dynamic factors have created an extraordinary opportunity for international investors to take advantage of the regional growth perspective and focus their attention on Vietnam, particularly in the manufacturing sector. This short Q&A with Minh Nguyen, director of Leasing and Facilities Management at BW Industrial, will cover the manufacturing environment and the opportunities available for international investors that are interested in expanding their operations in Vietnam. Minh Nguyen , BW director of Leasing and Facilities Management An overview of manufacturing in Vietnam in 2022 General director of the General Statistics Office Nguyen Thi Huong states that Vietnam’s GDP growth reached 8.02 per cent in 2022, the highest on record since 2011. The GDP per capita and labour productivity also grew to $4,110 … [Read more...] about Manufacturing in Vietnam – assumptions vs. reality

Digital transformation is one of the important solutions for tourist sites and travel businesses to build tours and attract visitors to Hanoi. Hanoi has completed the data sharing of more than 300 tourist attractions in the city, as one of the measures to encourage tourism businesses to renovate their travel services. Visitors scan electronic tickets at the Temple of Literature in Hanoi. Photo: Minh Anh Tran Trung Hieu, Deputy Director of the Hanoi Tourism Department, said that through the integrated database, domestic and foreign tourists can dig into information about destinations before setting out. He added: "Tourism businesses can reach out to potential customers, expand new services to meet market trends, and optimize human resources, operating costs, and time thanks to the application of digital technology." Recently, a large number of tourist sites in Hanoi have actively applied new technologies in product development and operation management. … [Read more...] about Hanoi improves travel experience by digitizing tourist sites

The Vietnamese Government commits to creating all possible conditions for businesses to growth further, Prime Minister Pham Minh Chinh affirmed at the Vietnam Business Forum 2023 (VBF 2023) in Hanoi on March 19. PM Pham Minh Chinh speaks at the forum (Photo: VNA) Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green … [Read more...] about PM pledges to further support enterprises at Vietnam Business Forum 2023