Indonesia

Preparation, communication, and execution will be key for the success of any tourism revival efforts in Vietnam, according to foreign experts. The northern province of Quang Ninh has reopened its door to domestic visitors after 84 days without any new locally Covid-19 infected cases. The move is seen as a start marking the recovery of the country's tourism service after Quang Ninh Province has completed the delivery of the first shot of the Covid-19 vaccine to all the residents while preparing the second jab program, which will be conducted soon. It will also be a steppingstone to helping the country welcome visitors from foreign countries in the future. According to Secretary of the Quang Ninh Provincial Party Committee Nguyen Xuan Ky, the province has planned to welcome back domestic visitors from other localities without reporting local transmissions within 14 days, in the last two months of this year. They are required to be fully vaccinated and take PCR tests 48 hours … [Read more...] about Vietnam to gradually reopen tourism

Ninja Van has secured $578 million in a Series E funding round backed by Alibaba The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities. “The quality of investors joining us in this round of investment is a clear signal that the market recognises the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers,” said Lai Chang Wen, co-founder and CEO of Ninja Van Group. On the same note, Kenny Ho, head of Investment for Southeast Asia at Alibaba Group said, "We strongly believe in the potential of … [Read more...] about Ninja Van secures $578 million in a Series E funding round backed by Alibaba

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25