Sustainable homestay tourism taking shape

(VOV) - The escalating number of international tourists visiting Vietnam over recent years has motivated almost every ethnic group to set up their own homestay and this type of tourism is rapidly gaining in popularity. For ethnic groups in mountainous areas that cannot make extensive infrastructural investment but possess an abundance of tourism richness, homestays are an … [Read more...]

Tourist Attractions: Busy during National Day Holiday

The four-day holiday for National Day 2014 has driven a high travelling demand of Vietnamese people. This is also a golden opportunity for travel operators in Hanoi to discount tour prices, improve service quality and open new tours to draw more tourists. Orders for the holiday have increased from 20 percent from a year ago since June 2014, according to many travel agencies. … [Read more...]

BUSINESS IN BRIEF 7/2

Vietnamese market attractive to US investorsUS investors are showing their keen interest in the Vietnamese market thanks to political stability and cheap labour costs.Many US business groups like Intel and IBM have reaped substantial success in Vietnam. Major financial institutions such as Citibank, JP Morgan Chase, Wells Fargo, and Far East National Bank have also recently … [Read more...]

Tour operators launch lucrative promotions

VietNamNet Bridge - Local travel firms are racing to launch promotions for local and overseas tours and services, with discounts of up to 50%, or free hotel rooms given to air ticket purchasers.Tour operators like Vietrantour, Viet Communications and Tourism Joint Stock Company, Saigontourist Travel Service Company or Vietravel have introduced promotions to customers. Most … [Read more...]

Hanoi forecasts 35% tourist growth during Tet

The Hanoitimes - Hanoi 's tourist industry expects the number of travellers will increase by 35% during the nine-day Tet (Lunar New Year) holiday. Many travel agencies have their Tet tours fully booked as early as one month before Tet. According to Duong Mai Lan, head of the Planning and Marketing Department of the Vietravel Company's Hanoi branch, about 3,000 people have … [Read more...]

Hanoi: tourists travelling during Tet holiday up 35 pct

(VOV) - Travel operators are reporting the upcoming Tet holidays have attracted many customers interested in package tours, amounting to a 35 percent increase over last year. Vietnam Airlines increases night flights for Tet holiday The capital city's tourism industry has described this year's Lunar New Year (Tet) holidays as the "9 golden days" of spring travel. Many Tet … [Read more...]

Hanoi forecasts 35 pct tourist growth during Tet

Hanoi's tourist industry expects the number of travellers will increase by 35 percent during the nine-day Tet (Lunar New Year) holiday. Many travel agencies have their Tet tours fully booked as early as one month before Tet. According to Duong Mai Lan, head of the Planning and Marketing Department of the Vietravel Company's Hanoi branch, about 3,000 people have … [Read more...]

Northern provinces establish partnership for tourism development

The four northern provinces of Bac Giang, Thai Nguyen, Hai Duong, and Quang Ninh need to work together closely to tap into their tourism potential, according to participants in a workshop in Bac Giang on October 4. The event concluded that tourism in the four localities, which are rich in natural and cultural resources, could generate substantial revenue from cooperating and … [Read more...]

Southeast Asian rivers set to become tourism products

A traditional Khmer boat race on the Mekong River in Vietnam. Photo credit: Vietnamplus Southeast Asian tourism officials agreed further utilize the region's web of rivers during a meeting in Ho Chi Minh City on Monday. Officials at the conference, which included experts from the United Nations World Tourism Organization (UNWTO), pointed to the connective power of 33 big … [Read more...]

ASEAN countries discuss waterway tourism

Dao Loan A survey shows that aside from numerous small rivers, there are as many as 33 big rivers running through the region, including the Mekong River, which connects many regional nations and therefore, holds potential for tourism development. The tourism sectors of the ten countries have aimed to make the most of the enormous potential of rivers in the region to open … [Read more...]

Firms urged to offer healthcare services

Enterprises in Vietnam should provide comprehensive health care to employees to increase productivity and retention, an expert said at a workshop held in Ho Chi Minh City on November 21. Nguyen Tuan Kiet, an organisation and people development consultant, said that companies should also offer reproductive healthcare services. The workshop was held to discuss the report, The … [Read more...]

Airline stocks attract local banks

Airlines' shares are very attractive to banks, said the English language news portal VietNamNet Bridge reported. The national flag air carrier Vietnam Airlines on November 14 sold 49 million shares in its IPO (initial public offering), reaping 1.093 trillion VND, or 51.3 million USD. The IPO was, as described by Vietnam Airlines, successful with the result meeting its … [Read more...]

Vietnam caps bank credit for stock investment at 5 pct

Vietnam's central bank will cap bank loans to customers who use the money to invest in shares at a maximum 5 percent of the bank's registered capital, it said in a directive. The new rule, which had been widely expected by the market, replaces a previous regulation which allowed banks to lend up to 20 percent of their registered capital for investment in securities, including … [Read more...]

Rosatom to pick Vietnam subcontractors for nuke power plant

Van Nam Nikolay Drozdov, director of the international business department of Rosatom Group, speaks at the nuclear industry supplier forum, Atomex Asia 2014 - PHOTO: VAN NAM Rosatom, the parent company of ASE as the main contractor of the project, last month completed the feasibility study for the project and sent it to Vietnam Electricity Group (EVN) as the project … [Read more...]

PetroVietnam has new CEO

VietNamNet Bridge - Minister of Trade and Industry Vu Huy Hoang has signed a decision to appoint Deputy General Director of the Vietnam Oil and Gas Group (PetroVietnam) Nguyen Quoc Khanh as the group's General Director. PetroVietnam CEO Nguyen Quoc Khanh. Khanh will hold the post of Member of the Board of Directors cum the CEO of PetroVietnam since late November. Khanh's … [Read more...]

Vietnam man gets off for posing as son of Party honcho, swindling market manager

Nguyen Tien Anh, 24, at a Hanoi trial on November 18, 2014 for pretending as son of the capital's Party unit head Pham Quang Nghi to cheat a market manager $15,000. Photo: Nam Anh A Hanoi court let a local man off with a three year suspended sentence on Tuesday for posing as the son of the chief of the municipal Communist Party unit and cheating an official out of … [Read more...]

Russia to fire up VN’s nuclear power prospects

HCM CITY (VNS) - A two-day Forum of Nuclear Industry Suppliers, or ATOMEX Asia, opened yesterday in HCM City. On its agenda are strategic partnership between Russia and Viet Nam in nuclear power, future prospects of nuclear power in Southeast Asia, the importance of nuclear power for Viet Nam's socio-economic development, requirements for bidders, localisation ability in … [Read more...]

Nuclear power development is a long-term strategy

Russian and Vietnamese experts survey the area for future construction of the Ninh Thuan 1 nuclear power plant (Photo: VNA) Developing nuclear electricity in Vietnam is a long-term strategy which is being pursued in order to meet domestic energy demands, reduce the reliance on international energy sources, limit environmental pollution caused by burning fossil fuels, and … [Read more...]

MobiFone equitization attracted a lot of foreign investors

The Hanoitimes - MobiFone is one of the three largest mobile networks in Vietnam. MobiFone shares have been added to the portfolios of many foreign institutional investors. In early August, a representative of Sweden's Comvik met with the leaders of the Ministry of Information and Communication, expressing willingness to become a strategic partner of the equitized MobiFone … [Read more...]

Aviation sector attracts bankers

VietNamNet Bridge - Injecting money into airlines is not the choice of short- term investors, but airlines' shares are very attractive in the eyes of bankers, even though the ratio of profit of revenue is not high. The national flag air carrier Vietnam Airlines on November 14 sold 49 million shares in its IPO (initial public offering), reaping VND1.093 trillion, or $51.3 … [Read more...]