Vietnam tourism board

Hanoi (VNS/VNA) - Conglomerate Vingroup JSC plans to earn 145 trillion VND (6.2 billion USD) in revenue this year, up 12 percent year-on-year. The information was released during the group’s annual general meeting of shareholders (AGMs) held on May 28 in Hanoi. Post-tax profit is expected to decrease 35 percent to reach 5 trillion VND. Due to the impact of the COVID-19 pandemic, Vingroup Chairman of the Board of Directors Pham Nhat Vuong said its tourism arm Vinpearl was most ravaged by the disease. “However, the group still seeks solutions to stimulate domestic demand for tourism, especially inbound because we could not offer services for foreign clients during the pandemic,” he said. “According to statistics, Vietnam greets 80 million domestic visitors and 18 million foreign visitors each year,” Vuong said. The Vingroup chairman said if the disease was controlled and people could not travel abroad, domestic tourism would be … [Read more...] about Vingroup forecast revenue up 12 percent

The festival aims to promote the city's tangible and intangible cultural values, tourism destinations and beautiful beaches. It is also expected to connect and help local businesses to introduce their products and services, boost investment in tourism infrastructure and strengthen tourism co-operation between the city and other localities in Việt Nam. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30