Speaking at the opening ceremony, Minister of Culture, Sports and Tourism Nguyen Ngoc Thien affirmed that this year’s event themed "Your Gateway to Tourism in Asia”, aims to connect Vietnam and HCM City with destinations, cities and countries in the region. According to Chairman of the People’s Committee of HCM City , Nguyen Thanh Phong, Ho Chi Minh City is ranked third in the top ten attractive destinations in Asia in 2018 by Lonely Planet. The ITE-HCMC has become the largest international trade event in the country and the Mekong sub-region and contributed to the establishment of the long-term cooperative relationship with countries in the region and around the world. This year's event will focus on expanding major markets, including North American, Europe and ASEAN, making a breakthrough in the city's tourism promotion in the 2018-2010 period. The 2018 International Travel Expo- ITE HCMC features around 375 display booths of hundreds of local and foreign … [Read more...] about 14th International Travel Expo Ho Chi Minh City opens
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Ho Chi Minh City issues plan to boost PCI and Doing Business indices
Ho Chi Minh City Post Office at night. Ho Chi Minh City authorities are striving to raise the Doing Business Index by 8-18 positions. - Photo news.zing.vn According to the plan, the City will take measures to improve the business environment indicators, especially with regard to the World Bank’s Doing Business Index, with the aim of boosting the City’s ranking by eight to 18 positions. Last year, Vietnam ranked 68th in the World Bank’s Doing Business Report. Targets for some specific indicators include: “starting a business” index will increase by at least 40 steps and the “enforcing contract” index and “resolving insolvency” index will rise by 10 steps each. These indicators had the lowest scores in the Doing Business 2018 Report. The southern economic hub only ranked eighth in the PCI 2017 Report, higher than Hanoi (13th position) but trailing behind the top three cities including Quang Ninh, Da Nang and Dong Thap. The city is … [Read more...] about Ho Chi Minh City issues plan to boost PCI and Doing Business indices
VIP 2-bed cabins on high-quality trains serve Hanoi – Ho Chi Minh City route
The Vietnam Railways Corporation (VNR) put into operation new high-quality carriages with two beds on the Thong Nhat (North-South) route on July 9. The VIP cabins have larger and more comfy beds. (Photo: VNR) Accordingly, along with the traditional 4-bed and 6-bed cabins, each of the new overnight carriages now comes with a couple of VIP 2-bed cabins. The VIP cabins have larger and more comfy beds and passengers that choose the service will be able to enjoy free beverages and meals. The carriages were built using high-quality materials and advanced technology to ensure that they are more stable, and sound and fire-proof, with their waste treatment system meeting hygienic standards. The new carriages will be part of the five-star SE1 and SE2 trains operating on the Hanoi - Ho Chi Minh City Da Nang route. The VNR also said that train ticket prices will be reduced by 8% on routes from Hanoi to central localities such as Vinh, Dong Hoi, and Da Nang from now to July 31. … [Read more...] about VIP 2-bed cabins on high-quality trains serve Hanoi – Ho Chi Minh City route
Ho Chi Minh City to secure top positions for investment prospects in Asia Pacific
The Hanoitimes - Vietnam continues to draw investment interest, and Ho Chi Minh City stands out on investors’ lists, securing top positions for investment and development prospects in Asia Pacific. In Vietnam, rapidly rising numbers of tourists are providing a huge boost to the hospitality sector. The country's property market has seen dynamic investment activities across many sectors in the first quarter of 2018, according to the latest report from Savills Hotels. Ho Chi Minh City. Vietnam's economy posted its strongest first-quarter growth in ten years, expanding 7.38% year-on-year in the first quarter of 2018 and extending the strong momentum shown in the second half of 2017. Market sentiment remains positive across all sectors of the economy. The city’s office market continued to record healthy demand and high occupancy in the first quarter of 2018. There were, however, very few investment transactions in this sector due to the shortage of available … [Read more...] about Ho Chi Minh City to secure top positions for investment prospects in Asia Pacific
Fake goods rampant in Ho Chi Minh City
Fake and imitation goods are openly sold in many places in Ho Chi Minh City, with their sellers making huge profits. Market management officials in Ho Chi Minh City destroy fake helmets. - VNA/VNS Photo Manh Linh Shops on Pham Van Chieu Street in Go Vap District and on Truong Chinh Street in Tan Binh District, for instance, sell watches and sunglasses ostensibly made by brands like Chanel, Hermes, Gucci, Dior, Rolex, and Omega for VND200,000 to VND300,000 each. They even issue warranty cards to customers. But the shop owners freely admit that the goods are from Guangzou in China and brought into Vietnam over the northern land border. Nguyen Minh Tan, the owner of a shop selling sunglasses sellers, said he could earn bigger profits by flying to Guangzou and buying directly from their Chinese manufacturers at much lower prices. According to the Steering Board for Combating Smuggling, Fraudulent Trading and Counterfeit Goods, this year authorities have discovered over 80,000 … [Read more...] about Fake goods rampant in Ho Chi Minh City