Vietnamese food introduced in Hong Kong Visitors to the seventh Hong Kong Food Carnival, which is underway in Kwai Tsing district, Hong Kong (China), have shown interest in Vietnamese food. Products such as dried rice vermicelli, fish sauce, cashew nuts, dried longan and coffee have been introduced by Hanoi Trade Corporation (Hapro) and Hello-5 JSC. Of note, King Cashew Nut Ltd., Co. which represents Hapro in Hong Kong, has worked with the Vietnamese association in Hong Kong to open a booth featuring Vietnamese dishes at the event. Apart from Vietnam, the Southeast Asia section within the carnival also includes booths set up by Thailand and Malaysia. During the carnival, from October 27 to November 4, participating countries and territories are also putting on traditional art performances. Previously a biennially event, from this year on the Hong Kong Food Carnival will be held annually due to its increasing popularity. SCG's Q3 revenue in Vietnam up 18% … [Read more...] about BUSINESS NEWS IN BRIEF 31/10
Apply vietnam visa in singapore
Vietnam cashes in on spending boom by Chinese tourists
China has maintained its place as the biggest feeder market of Vietnam’s tourism in recent years, accounting for one third of all international visitors. More than four million Chinese visitors were welcomed last year, up 48.6 percent from the previous year. The surge in Chinese tourists has been a big boost for the local tourism sector because the visitors are also spending more in the country. Survey results released Tuesday by the Vietnam National Administration of Tourism, reveal the average daily spending by the Chinese increased from $118.6 in 2014 to $130 last year. Compared to other regional countries, the daily spending was below that of Chinese visitors in Thailand ($180), Indonesia ($183) and Singapore ($446). Tourism authorities are working hard to sustain the strong growth in the number of Chinese tourists. Many direct flights connecting Vietnamese major cities with China have been launched over the past years to cater to growing travel … [Read more...] about Vietnam cashes in on spending boom by Chinese tourists
BUSSINESS NEWS IN BRIEF 25/8
RoK technology ventures seek opportunities in Vietnam An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries. It was organised by Vuccess Co., Ltd of the RoK, with support from the State Agency for Technology Innovation of the Ministry of Science and Technology, the Vietnam Trade Promotion Agency (Vietrade) of the Ministry of Industry and Trade, along with the Korea Institute of Science and Technology and Korea Techno-Ventures Foundation. At the event, Vietnamese firms were updated on latest technology and cooperation opportunities through 11 leading businesses of the RoK in various fields, including information technology, communications, power-electronics, garment-textile, chemistry, construction, energy and environment. Bui Hoang Yen from the Vietrade said that since Vietnam and the RoK established diplomatic relations in … [Read more...] about BUSSINESS NEWS IN BRIEF 25/8
BUSINESS NEWS IN BRIEF 14/8
Hong Kong calls for investment from Vietnam Hong Kong is currently an ideal destination for Vietnamese firms to expand operations abroad, heard a round-table seminar in Ho Chi Minh City on August 13. Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s Ho Chi Minh City Branch, held that Vietnam and Hong Kong are key major trade partners of each other with bilateral trade reaching 9.2 billion USD in 2017, up 22 percent from 2016. As of June 2018, Hong Kong was the sixth largest foreign investor in Vietnam with a total capital of nearly 19 billion USD, he said. With the ASEAN-Hong Kong free trade agreement, trade and investment between Vietnam and Hong Kong are both expected to grow fiercely in the near future. Vietnam is encouraging firms to expand investment abroad to popularise Vietnamese products across the world. Thanh hailed Hong Kong as a free, developed economy with a strategic location, modern infrastructure, and large capital … [Read more...] about BUSINESS NEWS IN BRIEF 14/8
Late visa policy announcement challenges tourism
Foreign visitors in Vietnam (Source: VNA) Hanoi (VNA) - The visa exemption policy for citizens of five European countries will expire in the next three months. Whether and when it might be renewed are still open questions, creating a headache for tourists and Vietnamese businesses that serve them. To address the dramatic decrease of international tourists to Vietnam in 2015, the Government granted citizens of the United Kingdom, France, Germany, Spain and Italy a visa exemption for stays of less than 15 days, regardless of passport type and travel purpose from July 1, 2015 to June 30, 2016. After one year of piloting the visa exemption, Prime Minister Nguyen Xuan Phucc decided to renew the policy for one year, till June 30, 2017. He made the decision on June 30, 2016 and it came into effect the next day. Similarly, in 2017 when the Government renewed the policy again, it did so only 24 days before the expiration date on June 6, 2017. Therefore, … [Read more...] about Late visa policy announcement challenges tourism