January 2019 saw the number of South Korean visitors shoot up 23 percent year-on-year to 389,000, accounting for a quarter of Vietnam’s total international tourist arrivals for the month, according to the General Statistics Office. Correspondingly, the number of Chinese tourists to Vietnam dropped 10.7 percent to 373,500, marking the first time that South Korea has overtaken its neighbor to become a key driver of Vietnam’s tourism boom. Among several factors that are deemed to have led to the robust growth in South Korean interest in Vietnam is the successful run of the Vietnamese football team under coach Park Hang-seo. This seems to have sparked a greater mutual interest in each other's country among both populations. A 15-day visa waiver for South Korean tourists to Vietnam and an increase in the frequency of direct flights connecting major cities in both countries have also contributed to making Vietnam the number one choice for South Korean tourists. South … [Read more...] about More South Koreans than Chinese visit Vietnam in January
Vietnam in january
Vietnam lures 1.9 billion USD in FDI in January
A corner of HCM City (Source: nhandan.org.vn) Hanoi (VNS/VNA) - Foreign direct investment (FDI) in Vietnam witnessed a significant yearly increase of 52 percent to 1.9 billion USD in the first month of this year, according to the Ministry of Planning and Investment. January’s FDI disbursement also rose 9.3 percent year-on-year to 1.55 billion USD, thoibaonganhang.vn reported, citing the ministry’s data. Meanwhile, the capital pledged for stake acquisitions reached 761.8 million USD, up 114 percent compared to the same month last year, the data noted. One remarkable project was Japanese Kyoshin Vietnam’s project which was allowed to raise its investment by 134.7 million USD. Based in HCM City, the factory specialises in manufacturing molding products and machinery. Others included a 65-million USD logistics project funded by Katolec Global Logistics Vietnam from Japan in the northern province of Ha Nam and a Chinese-financed textile chemical manufacturing project … [Read more...] about Vietnam lures 1.9 billion USD in FDI in January
Vietnam lures US$1.9 billion in FDI in January
A part of HCM City. The city lured the largest share of FDI in January. (Photo: nhandan.org.vn) January’s FDI disbursement also rose 9.3 per cent year-on-year to $1.55billion, thoibaonganhang.vn reported, citing the ministry’s data. Meanwhile, the capital pledged for stake acquisitions reached $761.8 million, up 114 per cent compared to the same month last year, the data noted. One remarkable project was Japanese Kyoshin Vietnam’s project which was allowed to raise its investment by $134.7 million. Based in HCM City, the factory specializes in manufacturing molding products and machinery. Others included a $65-million logistics project funded by Katolec Global Logistics Vietnam from Japan in the northern province of Ha Nam and a Chinese-financed textile chemical manufacturing project worth $60 million in the southern province of Tay Ninh. As per the data, foreign-invested enterprises continued to record a trade surplus of $1.83 billion during the month … [Read more...] about Vietnam lures US$1.9 billion in FDI in January
Vietnam lures $1.9 billion in FDI in January
Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment. A part of HCM City. The city lured the largest share of FDI in January.-Photo nhandan.org.vn January’s FDI disbursement also rose 9.3 per cent year-on-year to $1.55 billion, thoibaonganhang.vn reported, citing the ministry’s data. Meanwhile, the capital pledged for stake acquisitions reached $761.8 million, up 114 per cent compared to the same month last year, the data noted. One remarkable project was Japanese Kyoshin Vietnam’s project which was allowed to raise its investment by $134.7 million. Based in HCM City, the factory specialises in manufacturing molding products and machinery. Others included a $65-million logistics project funded by Katolec Global Logistics Vietnam from Japan in the northern province of Ha Nam and a Chinese-financed textile … [Read more...] about Vietnam lures $1.9 billion in FDI in January
Over 3.4m Chinese tourists visit Vietnam in Jan-Aug period
Over 3.4m Chinese tourists visit Vietnam in Jan-Aug periodBy Dao Loan Chinese tourists are seen in Khanh Hoa Province - PHOTO: DAO LOAN HCMC – Vietnam welcomed more than 3.4 million Chinese tourists between January and August this year, up 28.2% over the same period last year, according to data from the General Statistics Office (GSO). If the number of Chinese visitors continues to reach 400,000 each month as the average in the past eight months, the overall number of Chinese tourist arrivals could hit a record high of five million this year. Despite seeing lower growth than last year, the number of visitors from China remained much higher than from other markets. In particular, the number of Chinese tourists visiting Vietnam in the eight-month period was higher than South Korean arrivals by 1.1 million people and higher than the number of visitors from European countries by nearly two million people. China is an important source market for the tourism sectors of … [Read more...] about Over 3.4m Chinese tourists visit Vietnam in Jan-Aug period