The Hanoitimes - Many South Korean travelers described an impressive experience in Vietnam, for them: “home away from home!” Vietnam opens tourism promotion office in South Korea Vietnam aims to pocket US$30 billion from tourism in 2019 The number of South Korean visitors to Vietnam in 2018 hit 3.48 million, a surge of 44.3% from a year earlier, continuing the upward trend over the past years. South Korean visitors in Vietnam Hanoi and Ho Chi Minh City are abuzz with Korean culture while beachside destinations like Danang, Hoi An, Nha Trang, and Phu Quoc are tailored for Korean tastes, according to both domestic and foreign media. Reasons attributed to the surge in South Korean visitors are as follows. Firstly, geographical proximity. It takes average five hours to get to Vietnam from South Korea. The short distance is a favorable condition for young people who can save time to enjoy their vacation in the country of both modern and … [Read more...] about Why is Vietnam so attractive to South Korean visitors?
Vietnam main attractions
(VEN) - Vietnam offers favorable conditions for a fintech market boom. To attract investors, a legal framework is being completed for new tech companies delivering financial services (fintech) and plans are under way to train high-quality human resources for the emerging sector. Big chance In recent years, Vietnam has recorded high and stable economic growth. Nearly 100 fintech startups have launched in Vietnam, operating mainly in the field of payments. Fintech is rapidly gaining market acceptance with 26 organizations licensed by the State Bank of Vietnam to provide services. Some 16 banks have implemented QR code payments with about 30,000 points of sale, while 78 banks have deployed online payment services, and 41 banks have implemented mobile payment services. Hajime Hotta, president of the Cinnamon Artificial Intelligence Labs, said Vietnam has adopted many mechanisms and policies for startups. “We prefer to partner with startups in Vietnam rather than in other countries, … [Read more...] about Vietnam, an attractive destination for fintech investors
Vietnam’s blossoming e-commerce market has attracted global retailers such as Amazon, Alibaba and Shopee, but earning a profit in the country is another story. American e-commerce giant Amazon is set to join Vietnam's fast-growing market this month by opening up its platforms to local small and medium enterprises. The company is expected to sign a deal with the Vietnam E-Commerce Association at a forum in Hanoi on March 14. The deal was discussed at a meeting late last year between the association and Amazon, the world's most valuable brand now worth $150 billion, according to Brand Finance Global Ranking. Its development strategy will be revealed at the Vietnam Online Business Forum, which will be held first in Hanoi and then move to Ho Chi Minh City on March 16, and include discussions regarding online shopping trends, tax management and new technologies. Other foreign online retailers have already infiltrated the Vietnamese market. Earlier this year, China's second biggest … [Read more...] about Global e-commerce giants willing to take a hit to expand market share in Vietnam
Lim Festival in the northern province of Bac Ninh is held on the 13th day of the first lunar month at Lim town, Tien Du district. It is famous for showcasing the locals’ unique vocal stylings through Quan Ho folk songs. The best singers from villages are chosen to compete in singing dialogues, which take place in beautiful natural settings. During the festival, there are competitions of weaving and wrestling, processions and worship ceremonies and folk games.Quan ho folk singing at Lim festival (Source: CPV)Quan ho folk singing performance on the boat at Lim festival (Source: CPV)Huong PagodaFestival in Hanoi often opens on the 6th day of the first lunar month and lasts until the end of March. Going to Huong Pagoda is a spiritual journey to the Buddhist Land where the Goddess of Mercy leads a religious life. Sightseeing trips to pagodas, temples and caves are the main attractions at the festival, in addition to ceremonies to ask favours from Lord Buddha. Built in the late … [Read more...] about Great festivals after Tet in Vietnam
Up to 70 percent of Japanese businesses said they want to expand operations in Vietnam (Illustrative image. Source VNA) Hanoi (VNA) – According to the latest survey conducted by the Japanese External Trade Organisation (JETRO), up to 70 percent of Japanese businesses said they want to expand operations in Vietnam, a year-on-year rise of 10 percent. The survey revealed that more than two-thirds of the 652 Japanese enterprises operating in Vietnam have expansion plans, mainly due to the country’s rising revenue and high growth potential. Hironobu Kitagawa, chief representative of JETRO in Hanoi, said the figure is higher than in other regional countries, indicating Vietnam continues to be an attractive investment destination. The survey also showed that 65.1 percent of Japanese companies recorded profits in Vietnam last year, while 19.4 percent reported losses. Vietnam is attractive to Japanese businesses thanks to market size and growth potential as well as … [Read more...] about JETRO: 70 pct of Japanese firms want to expand business in Vietnam