Revenue from accommodation and catering services

With the peak summer travel season drawing to a close, Vietnam’s international tourism segment still faces bottlenecks on its route to full recovery. Within the framework of a program early this week to discuss the current state of the Vietnamese tourism sector, representatives from businesses and organizations across the country voiced doubts that Vietnam will meet its goal of welcoming five million foreign tourists by the end of the year if regulations governing visa policies, infrastructure, and personnel are not relaxed. Incomplete recovery According to Cao Thi Tuyet Lan, sales manager at Viettours Incentives & Events Co. Ltd., foreign tourists still find it difficult to enter the country despite Vietnam having fully reopened its borders. “What's more, it is hard to apply for visas for business travelers who work with domestic enterprises," Lan said. “[The domestic partner] first has to register [the foreign partner] with the Immigration Department, then wait for a … [Read more...] about Vietnam still struggles to welcome back int’l tourists

Swift247, a subsidiary of low-cost airline Vietjet Air, has launched an international super-fast delivery service which will operate between the Republic of Korea (RoK) and Vietnam based on digital technology platforms. Swift247 service point in Ho Chi Minh City (Photo: Swift247 ) The debut of the express delivery service took place as part of ongoing co-operation programmes between Vietjet Aviation Joint Stock Company and numerous freight companies in the RoK, including Daejoo Air and Ilyang Logis. Through this service, customers will easily deliver goods from the RoK to Vietnam through the Swift247 application which boasts a modern and user-friendly application interface. In addition, the application is integrated with order tracking, enabling users to track the delivery of the parcels in a clear and coherent manner. Most notably, customers will be able to place orders via the app and utilise Vietjet Air's flight network in order to help shorten … [Read more...] about Swift247 launches super-fast delivery service between RoK and Vietnam

Kredivo, one of the most valuable fintech unicorn in Southeast Asia, has been established in Vietnam since August 2021 through the partnership with VietCredit JSC. Sendo is one of the leading e-commerce platforms of Vietnam, serving millions of customers and sellers in Vietnam every month. This partnership takes Kredivo to the next level in its business journey in Vietnam. With the simplicity of just 2-clicks, Sendo’s customers will be able to seamlessly checkout via Kredivo while allowing these customers to repay in 30 days at 0% or over 3, 6 and 12 months. During the registration process, customers can sign up through the mobile application, and get approval by VietCredit for a credit limit of up to 25 million VND in nearly real-time. Krishnadas, SVP Business Development of Kredivo, said, “Kredivo aims at solving customers' needs to access fast and affordable credit, while also supporting merchants in driving higher Gross Merchandise Value. We are delighted to partner … [Read more...] about Kredivo and VietCredit provide “Buy Now Pay Later” service on Sendo

An overview of the meeting (Photo: VNA) Hanoi (VNA) – The impressive economic growth in the first seven months of this year reflects the efficiency of the policies that have been applied recently, stated Minister of Planning and Investment Nguyen Chi Dung at the meeting between the Prime Minister and businesses that opened in Hanoi on August 11. The minister said that international organisations have shown optimism about the Vietnamese economy, rating the country’s long-term credit as "stable" and "positive". Many economists held that the Vietnamese economic resilience is relatively good currently, he added. The official cited a recent survey as showing that in the second quarter of this year, 70-80% of total businesses highly valued the effectiveness of the Government’s support to businesses amid the COVID-19 pandemic , especially those in taxation. As of the end of July, the country had 871,000 companies, up nearly 13% over 2019. In July alone, more than 130,000 … [Read more...] about Government’s economic stimulation policies prove effective: Minister

The capital city is committed to accompanying the business community in promoting industrial products using advanced and environmentally friendly technologies with high-added value. Hanoi is pushing for the development of industrial infrastructure and key industrial products, seen as the driving force for the capital city’s sustainable economic growth. Thang Long Industrial Park in Dong Anh District, Hanoi. File photo During the first six months of 2022, the municipal Department of Industry and Trade started the construction of six industrial parks and is working on accelerating 38 other projects in the city. For the 2021-2025 period, Hanoi aims for supporting industries to make up 30% of the total value of industrial production, an increase of 5% from the current level; raise the value of key industrial products to 40-45% of total industrial production, and expects 10% of businesses in Hanoi to stay among Vietnam’s top 500 companies. To realize this goal, … [Read more...] about Hanoi promotes industrial infrastructure development for sustainable growth

Minister of Planning and Investment Nguyen Chi Dung, as assigned by Vietnamese Prime Minister Pham Minh Chinh, and U.N. Resident Coordinator in Vietnam Pauline Tamesis, signed the document. The Strategic Framework for Sustainable Development Cooperation 2022 - 2026 guides and steers the Government of Vietnam and the U.N.’s collaboration on accelerating progress to achieve the Sustainable Development Goals (SDGs). It highlights the joint commitment to deliver sustainable development for all. Speaking at the signing ceremony, Dung said that the CF will be implemented at a time when Vietnam has strengthened its post-pandemic economic recovery, responded to climate change and transitioned to a green, circular economy. The Government has also been making efforts to improve institutions and policies in order to mobilize resources from all economic sectors to develop the country. “Together with other development partners, the U.N. plays an important role in supporting Vietnam in its … [Read more...] about Vietnam, U.N. sign strategic framework for sustainable development cooperation

Foreign tourists visit the Independence Palace in HCM City on August 8. (Photo: VNA) HCM City (VNS/VNA) - Strict visa policies and a shortage of human resources and infrastructure in the tourism sector have stymied recovery of the travel industry, and the target of five million international arrivals this year could be out of reach, industry players have warned. Domestic travel has seen a strong rebound whereas international tourism, with a target of five million arrivals this year, remains in a slump, said Vu The Binh, Chairman of the Vietnam Tourism Association. Domestic visitor numbers topped 71.1 million in just the first seven months of this year against a full-year target of 60 million, he said. In the same period there were only 733,000 international visitors, or 8% of pre-pandemic numbers, he told a two-day programme titled ‘Lien Ket Suc Manh Du Lich Vietnam Nam 2022’ (Power of Vietnam Tourism Linkages) that ended in Ho Chi Minh City on August 9. Though … [Read more...] about Vietnam mulls ways to boost inbound travel

Vietnam says that its trade relations with the US have coincided with the World Trade Organization's regulations. Vietnam stands ready to discuss with the US to address issues emerging in trade, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang said today. Vietnam has always worked with the US through existing mechanisms, including Trade and Investment Framework Agreements (TIFAs), to boost trade and investment for the sake of businesses and people of both sides, Hang shared the view at the press conference on August 11. Warehouse storage of steel products in Vietnam. Photo: VNA On August 8, the US Department of Commerce (DOC) issued an official notice on the initiation of an investigation into trade remedy evasion with respect to a number of steel pipe products imported from Vietnam. According to ASL law firm , Large US steel pipe producers asked the US to launch an investigation after learning that Vietnam was importing Hot Rolled Steel … [Read more...] about Vietnam willing to work with US on emerging issues: Spokeswoman

At the working session Attending the event was Vice Chairman of the People’s Committee Duong Anh Duc, Chief of the Office of the Party Committee Nguyen Manh Cuong, Deputy Director of the HCMC Department of Culture and Sports Mai Ba Hung, President of the HCMC Football Federation Tran Anh Tu. Leaders of the two football clubs expressed the current difficulties and problems of training grounds and accommodation for soccer players. Leaders of the two football clubs express the current difficulties and problems of training grounds and accommodation for soccer players. Representatives of the HCMC FC proposed that HCMC create a mechanism for hiring or owning a location to operate the football clubs, and allocate a land area of five hectares to build an international standard football field. The HCMC FC can invest in a 12-hectare land plot operated by Phu Nhuan Construction and Housing Trading Company Limited in Thu Duc City or Hoa Lu Stadium in District 1. The Saigon FC … [Read more...] about HCMC’s Party Chief listens to football clubs’ concerns

Tourists in Ho Chi Minh City (Photo: VNA) Hanoi (VNA) – The Vietnamese Ministry of Foreign Affairs has been working with domestic ministries, agencies and foreign partners to facilitate travel of Vietnamese and foreign citizens, said Spokeswoman Le Thi Thu Hang . At the ministry’s regular press conference in Hanoi on August 11, Hang said amid the complicated and uncertain developments of the COVID-19 pandemic with new, more virulent and transmissible variants as well as the emergence of new epidemics like monkeypox, several countries are yet to open their doors and continue limiting travel, some of which are major tourism markets of Vietnam. As the global economy continues to struggle from the pandemic, international tourism has not yet fully recovered, and Vietnam is not an exception. Following the Prime Minister’s directions to accelerate the tourism recovery in the new situation, Hang said Vietnam has promoted the mutual recognition of 'vaccine passports' and the … [Read more...] about Vietnam facilitates travel of Vietnamese, foreign citizens