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The capital city and its neighboring provinces introduce attractive tourist destinations, products, and services to international visitors. Themed “Hanoi - Den de yeu” (Hanoi- Visit It to Love It), Hanoi Tourism Festival 2022 is an opportunity to promote the image of a safe and friendly capital on the occasion of the 31st SEA Games. That is the affirmation of Nguyen Manh Quyen - Vice Chairman of the Hanoi People’s Committee at the festival’s opening ceremony last weekend. Leaders of Hanoi city and delegates visited the tourist booth at the opening ceremony of Hanoi Tourism Festival 2022. Photo: Le Nam Admiring the “technological wall” showing Hanoi’s scenic spots The festival was organized with various new and impressive features. Besides advertising through booths and miniature models of landscapes such as Thang Long Imperial Citadel, Temple of Literature - Imperial Academy, Hoa Lo Prison, and Hanoi’s Old Quarter, among others, the festival also showcases … [Read more...] about Hanoi promotes tourism among visitors attending SEA Games 31

Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

The Japanese retailer plans to build 16 more shopping malls in Vietnam by 2025. AEON Mall Vietnam, the Japanese retailer, wants to invest in three or four more projects in Hanoi by 2025. AEON Mall shopping mall in Long Bien District. Photo: AEON Mall This plan was proposed by General Director of AEON Mall Vietnam Nakagawa Tetsuyuki at a recent meeting with Hanoi Party Secretary Dinh Tien Dung on May 13. By 2025, the Japanese retailer wants to build 16 more shopping malls in Vietnam. It is currently operating six department stores in Vietnam, including two commercial centers in Hanoi’s Long Bien and Ha Dong districts. As investment procedures for its project in Hoang Mai District is being finalized, the General Director of Aeon Mall Vietnam hoped Hanoi will continue to support and remove obstacles so that the execution of the project could kick off in the third quarter of this year. The Japanese business also asked the city to support the research and … [Read more...] about AEON Mall wants to invest in four more projects in Hanoi

Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks

There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities

At least 14 people were killed and more than a dozen others injured when a bus carrying domestic tourists crashed into an advertising sign in Indonesia's East Java province early on Monday, police said. A police officer inspects the scene of a bus crash in Surabaya, East Java on May 16, 2022. (The Jakarta Post/East Java Police) The bus -- which was carrying 31 passengers, the driver and a crew member -- hit the pole and then rolled over on a toll road connecting the town of Mojokerto to the country's second city, Surabaya. The victims were from Benowo, a village near Surabaya, and were returning home after a long weekend at popular holiday destination Dieng Plateau, about 400 kilometres away in Central Java, local official Ridwan Mubarun told Indonesian television station Metro TV. "Fourteen people have died and 19 others sustained minor and serious injuries," Mojokerto police chief Rofiq Ripto Himawan told reporters on Monday, adding that authorities … [Read more...] about Indonesia tourist bus crash kills 14