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South Korean hotel chain opens in Nha Trang

July 6, 2022 by bizhub.vn

CHI Hospitality International inaugurates a Stay7 International Hotel in the central city of Nha Trang. —Photo courtesy of the firm South Korean hotel management company CHI Hospitality International has inaugurated a Stay7 International Hotel in the central city of Nha Trang to take the opportunity from the recovery of the country’s tourism industry. Stay7 International Hotel Nha Trang has 203 luxuriously designed rooms at 65 Tran Quang Khai in the heart of Nha Trang City. There is a modern swimming pool on the 28th floor, ranked as one of the city's five most beautiful swimming pools. Currently, CHI Company Group has businesses in Viet Nam, such as in Ha Noi and HCM City, including financial/real estate, manufacturing, industrial logistics, and hotels. They are actively carrying out investment/operation projects in resort development in Da Lat and Phu Tho Province, 5-star hotels in Da Nang City, and residence buildings with about 320 rooms in Thai Nguyen Province. A … [Read more...] about South Korean hotel chain opens in Nha Trang

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Transport Ministry proposes fee reduction for different modes of transportation

July 6, 2022 by www.sggpnews.org.vn

Illustrative image (Photo: SGGP) Under the proposal, the Ministry of Transport proposed a reduction of road use fee of 30 percent for passenger transport business vehicles and road toll charges of ten percent for commercial vehicles transporting goods; 20 percent for domestic transportation in the marine sector, including tonnage fees, marine guarantee fees, and entrance and departure fees. In addition, the Ministry of Transport has suggested a reduction of 20 percent of airline service fees, consisting of fees for the grant of certificates and licenses related to civil aviation activities, permission to access airport restricted areas, fees for aircraft guarantee transactions The railway sector is expected to enjoy a fee reduction of 50 percent in using railway infrastructure while the inland water transportation area will get a 50 percent cut of fees for departure and entrance of ports; inland waterway reporting fees. By Bich Quyen – Translated by Kim Khanh … [Read more...] about Transport Ministry proposes fee reduction for different modes of transportation

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Unemployment, underemployment drop in H1

July 6, 2022 by www.sggpnews.org.vn

Illustrative image. (Photo: SGGP) There were around 410,300 people aged 15 – 24 without a job during the period, accounting for 36.8 percent of the total figure, Pham Hoai Nam, Director of the GSO’s Department of Population and Labor, told the press conference held to announce the Q2 and H1 labor market updates. The unemployment rate among persons of this age group living in urban areas was 9.21 percent, a year-on-year drop of 0.76 percentage point, he added. Both unemployment and underemployment rates declined in Q2 compared to the previous quarter and the same period last year, GSO Deputy General Director Nguyen Trung Tien said. The Q2 employment went up quarter-on-quarter and year-on-year, with a considerable rise reported in the service sector, Tien noted, adding that monthly average wage per person also increased. Data from the GSO shows that the underemployed population was estimated at over 1.1 million, a year-on-year decrease of 30,200. The underemployment rate in … [Read more...] about Unemployment, underemployment drop in H1

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Vietnamese economy to perform well: AMRO

July 6, 2022 by en.vietnamplus.vn

Projected GDPs for ASEAN+3 countries. Vietnam is forecast to be the second fastest-growing economy in the region this year. (Photo amro-asia.org) Hanoi (VNS/VNA) – Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN + 3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3% this year and 6.5% next year, well above the region-wide figures which were estimated at 4.3% and 4.9% respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5% and 7.0% in the April update. “Vietnam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates in these countries and … [Read more...] about Vietnamese economy to perform well: AMRO

Filed Under: Uncategorized ASEAN+ 3 Regional Economic Outlook, open economy, ASEAN+3 Macroeconomic Research Office (AMRO), ASEAN, Vietnam, Vietnam news, Vietnam News Agency, Business, ..., high performing asian economies, china propels global economy through best performance in decade, how 74 economies have performed this century, worst performing economies in the world, worst performing economies 2018, worst performing economies, worst performing economy in europe, performance based economy, worst performing economy in the world

Hai Phong striving to attract over 2.5 billion USD in FDI this year

July 6, 2022 by en.vietnamplus.vn

Part of the Vietnam - Singapore Industrial Park in Hai Phong city (Photo: VNA) Hai Phong (VNA) – For the last half of 2022, Hai Phong city will apply itself to flexibly and effectively fighting COVID-19 and shoring up business and investment activities so as to attract more foreign direct investment ( FDI ), a local official has said. Nearly 1.1 billion USD of FDI was poured into the northern port city in the first six months, falling by over 11% from a year earlier and equivalent to almost 44% of this year’s target. FDI inflows are expected to stand at 0.85 billion USD in the third quarter and 0.85 - 1.1 billion USD in the fourth quarter. Le Trung Kien, head of the Hai Phong Economic Zone Authority , said the city looks to surpass this year’s FDI attraction target of 2.5 billion USD. To that end, the authority will boost investment promotion and attraction for the three pillars of economic development, namely high-tech industry, seaports - logistics, and … [Read more...] about Hai Phong striving to attract over 2.5 billion USD in FDI this year

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Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

July 6, 2022 by hanoitimes.vn

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

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