Tourism boosts a countrys economic development

A coastal route costing nearly VND1 trillion (US$42.5 million) has been put into use for economic development in Khanh Hoa Province, south-central Vietnam. The coastal route was put into operation in Van Ninh District, Khanh Hoa Province on Monday morning. The road, stretching from National Highway 1 to Dam Mon Peninsula in Van Phong Bay, located in Van Ninh District, is about 14.3 kilometers long and 34 meters wide with six lanes. The project was developed by Van Phong Economic Zone Management Board, and the construction was initiated in 2016. The road was built to create favorable conditions for transport infrastructure in the region, connect Hon Lon Island with other islands in Van Phong Bay, and gradually complete the infrastructure of the northern area of the Van Phong Economic Zone. The first cars to travel on the coastal route in Khanh Hoa Province, Vietmam. Photo: Minh Chien / Tuoi Tre Van Phong to become the center of a green economy At the … [Read more...] about $42mn coastal route put into use to boost economic development in south-central Vietnam

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

Meeting Politburo member of the Mexican Labor Party (PT) and Chairman of the Mexican Chamber of Deputies’ Committee on Foreign Affairs Alfredo Femat Bañuelos during his ongoing working trip to the Latin American country from March 22-27, Hai said the Party organization of HCM City wishes to contribute to maintaining and bolstering fine relationship between the Communist Party of Vietnam and the PT. He believed that following the visit, both sides will continue holding programs and events to promote cultural and tourism exchange between Ho Chi Minh City and Mexico. Bañuelos, for his part, said Mexico desires to step up cooperation programs between the two parties in general and with Ho Chi Minh City in particular, especially in acupuncture and personnel training. He said such programs not only popularize Vietnam's images in Mexico and Latin America but also enhance the PT’s reputation domestically and regionally. The host vowed to continue expanding the scope of cooperation to … [Read more...] about Ho Chi Minh City leader visits Mexico to boost ties

Vietnam is in need of a national digital tourism map which features tourism resources, destinations, and service providers to support tourists as well as local tourism service providers. The proposal on the digital map has been made and attracted the attention of local enterprises, but it has yet to be rolled out. Nguyen Quoc Ky, chairman of Vietravel Holdings, a local travel firm, said the digital tourism map would meaningfully increase the competitiveness of Vietnam’s tourism sector and help sell more tours at higher prices. Thailand has well-connected tourism systems, including travel, lodging, and transport services. Thus, their tour prices are stable and reasonable. At a recent meeting to seek solutions for the local tourism development, Nguyen Huy Dung, Deputy Minister of Information and Communications, also suggested a digital tourism map for tourists as all travelers have a demand for information during their trips. “In the short term, a professional national website … [Read more...] about Vietnam needs digital tourism map

The event saw the participation of representatives from 31 women's associations from across the country. The seminar's aim was to promote sustainable growth and development within the female-led business community in Vietnam and share developments in sustainable practices and integrating environmental, social, and corporate governance (ESG). The conference was part of a larger sustainable business development initiative, officially launched by VAWE in 2022, that focuses on reducing emissions and negative impacts on the environment and society, as well as integrating ESG into corporate values. In attendance was Ton Ngoc Hanh, vice chairwoman of the Vietnam Women's Union, who said, "This seminar encourages a spirit of responsibility in Vietnam's female business community, showing the commitment and determination of everyone here to join hands with the government in achieving the goal of green growth, and to contribute effectively to sustainable development in the country. " Nguyen … [Read more...] about Vietnamese female entrepreneurs take the lead in boosting green growth

As home to nearly 300 national treasures, Hanoi has a valuable source of ritual and cultural traits that tell its history of thousands of years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) sees the partnership with Hanoi in heritage preservation as one of its key activities in the future, said Director of the UNESCO’s World Heritage Center Lazare Eloundou on March 27. Hanoi mayor Tran Sy Thanh (right) receives Lazare Eloundou, Director of UNESCO’s World Heritage Center, on March 27. Photo: The Hanoi Times The UNESCO expects to bolster the relationship with Vietnam’s capital city in preserving cultural traits and heritages, he told a meeting with Hanoi mayor Tran Sy Thanh. Lazare urged the municipal and local authorities of Hanoi to come up with solutions that bring balance between heritage preservation and socio-economic growth and lift the living conditions for local people. UNESCO will always partner with Vietnam to … [Read more...] about UNESCO promises tight partnership with Hanoi in heritage and relic conservation

In his remarks, Chairman of the People’s Committee Phan Van Mai highlighted the increasingly close ties between the two countries, saying over the past 50 years, the bilateral relationship has grown actively across spheres, both bilaterally and multilaterally. The good traditional friendship has also been consolidated and enhanced, the official added. Notably, during the COVID-19 pandemic, Vietnam presented Italy with more than 300,000 masks, while Italy donated 2.8 million doses of vaccines to the Southeast Asian nation. This vividly demonstrates the intensive and effective strategic partnership and friendship between the two countries, he said. Ho Chi Minh City, for its part, has actively worked to promote cooperation with Italy, Mai noted, adding that the relations between Ho Chi Minh City and Italy have reaped achievements in trade, investment, education and training, culture, and tourism. According to the official, the two-way trade reached 591 million USD last year. For … [Read more...] about 50th anniversary of Vietnam-Italy diplomatic ties celebrated in Ho Chi Minh City

Secretary of the Thua Thien - Hue provincial Party Committee Le Truong Luu. (Photo: VNA) Thua Thien-Hue (VNA) – The cooperation between the central province of Thua Thien-Hue and Attapeu province of Laos has been strengthening and generating practical results in fields, Secretary of the Thua Thien - Hue provincial Party Committee Le Truong Luu said on March 27. At a working session with a Lao delegation led by Secretary of the Attapeu Party Committee and Governor of the province Let Xaynhaphon, Luu and his guest informed each other of their local socio-economic developments, administration and Party building work, and cooperation results over the past time. They also discussed cooperation opportunities in the coming time, and affirmed the two sides will further coordinate to finalise a draft cooperation agreement for the 2023-2027 period. They will effectively implement an agreement to manage and protect the borderline, prevent and fight against all kinds of cross-border … [Read more...] about Thua Thien-Hue, Laos’ Attapeu province strengthen cooperation

Illustrative image (Photo: vneconomy.vn) Hanoi (VNA) - Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. The global minimum corporate income tax is part of the Action Plan on Base Erosion and Profit Shifting (BEPS), which involves the participation of 141 member countries. Accordingly, large companies with annual global consolidated revenue of at least 750 million EUR (806 million USD) over at least 2 years of the preceding 4-year period will be subject to a minimum tax rate of 15%. If they are currently paying a tax rate lower than 15% in the country where they are investing, they will have to pay the remaining "shortfall" at a tax rate of 15% to the country where they have their headquarters. According to economists, investment exporting countries’ application of the global minimum tax in 2024 poses … [Read more...] about Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

At a reception for the diplomat, President Mohamed Irfaan Ali said he hopes Vietnam will assist Guyana in agriculture, animal husbandry and cultivation. Hoa vowed to work to develop the traditional friendship and cooperation between the two governments and peoples in her position. On March 21, Hoa paid a courtesy call on Guyanese Minister of Tourism, Industry and Commerce of Guyana Oneidge Walrond who pledged to offer all possible support to Vietnamese firms to access Guyana’s market and wished to learn from Vietnam’s experience in ecological tourism development. During a working session with the Vietnamese diplomat a day later, Guyanese Minister of Foreign Affairs and International Cooperation Hilton Todd promised to support Vietnam at multilateral forums and facilitate the exchange of all-level delegations in the near future. Elizabeth Harper, standing Deputy Minister of Foreign Affairs of Guyana, announced that two countries will soon offer visa exemption to their diplomatic … [Read more...] about Guyana wishes to strengthen ties with Vietnam in various areas