PetroVietnam on course for sustainable Development On its journey to become a leading state-owned economic group, PetroVietnam has been checking out its targets to improve its business achievements. According to CEO of PetroVietnam Nguyen Vu Truong Son, the establishment of the PetroVietnam has contributed significantly to the socio-economic development of the country, helping Vietnam’s international integration efforts. At the latest meeting to review the group’s restructuring plan, Son said that the group’s progress has been good and the lessons learnt will not be forgotten in the coming stages. According to its restructuring plan, from October 1, 2018, PetroVietnam’s operation structure was reduced by 48 per cent, to 16 departments and divisions. In addition, department leaders were also re-assigned to align with real demands. There has been a radical re-arrangement of positions to encourage the efficiency of human resources. More importantly, according to … [Read more...] about PetroVietnam on course for sustainable Development
Continuous development tools
Growth in hospitality real estate to continue
Vietnam’s hospitality real estate market has proven to be an attractive segment for investors in the last few years due to its consistent growth, which is expected to continue next year in part because of a boost from global megatrends, according to Mr. Mauro Gasparotti, Director of Savills Hotels Asia Pacific. One of the most prominent trends is information technology (IT), which has had a tremendous impact on the tourism industry in both the leisure and business sectors. Mr. Gasparotti pointed out that the development of IT makes travel much easier, with higher-quality products and many different accommodation options thanks to travel support tools and apps. “Smartphones, AI, electronic payments, and social media have all affected the future of travel in incalculable ways,” he said. 2019 will see the opening of many condotel projects, with enormous inventories coming into the market. “Condotels are good products only when they are … [Read more...] about Growth in hospitality real estate to continue
VN hospitality market to continue growth this year: Savills
The hospitality market in Việt Nam is expected to continue growing in 2019. - Photo tapchitaichinh.vnViet Nam News HÀ NỘI – The hospitality market in Việt Nam, which has been an attractive sector for investors over the past few years thanks to its consistent growth, is expected to continue to expand this year, partly due to global trends, according to Savills Hotels Asia Pacific. Information technology (IT) is one prominent trend that has had a tremendous impact on the tourism industry. The development of IT will make travel much easier. Travel support tools and application will make higher quality products and many different accommodation options accessible. Smartphones, Artificial Intelligence, electronic payments and social media will continue to have incalculable impacts on the travel industry. Demographic and consumer changes, influenced by global trends, will increase travel demand and inspire the creation of new products to catch these trends. … [Read more...] about VN hospitality market to continue growth this year: Savills
Tools to raise investment via EVFTA
Ambassador Bruno Angelet, head of the European Union Delegation to Vietnam Vietnam has been very successful in attracting foreign direct investment (FDI), which has annually increased by almost 1,000 per cent over the last 10 years. FDI has been a major driver of Vietnam’s economic development and has contributed to the impressive growth rates averaging at 6.5-7 per cent over the past decade. It has created resources for the government and jobs for the people. With its population of almost 100 million, the Vietnamese market is extremely attractive for investors. In addition, a network of free trade agreements (FTAs) concluded by Vietnam offers competitive access to other markets. These are the factors that can make the country an important destination for investment in the region. However, after 30 years of this rapid economic development, Vietnam needs better investment that will leave more value in the country, create higher skilled jobs, and that would support the … [Read more...] about Tools to raise investment via EVFTA
Australian friends support local capacity development
Viet Nam News Khoa Thư HÀ NỘI — An interview conducted with Nancy Zhou on a Vietnamese online news outlet I read a day before meeting her in a person gave me the wrong impression. In my mind, I imagined she had lived in Việt Nam for a long time and gained an insight into the country and its people. In fact, she had had just finished a ten-month assignment at the Vietnamese Women’s Museum (VWM) as a social media advisor under the Australian Volunteer Programme (AVP). “My role at the museum was to help them promote their image in the national and international levels,” she said. “During my time there, there were some exhibitions on Vietnamese female scientists, domestic violence and sustainability held at the museum.” In the last five months, Zhou has been involved in organising a collaborative exhibition between VWM, the Australian Embassy and Australian Artist Bianca Hoffrichter. Entitled “Rethink”, the … [Read more...] about Australian friends support local capacity development