In response to the World Tourism Day 2021, Vietnam has set up step-by-step plan to welcome international visitors again. The United Nations World Tourism Organization (UNWTO) has announced World Tourism Day 2021 on September 27 as a day to “focus on tourism for inclusive growth”. This is an opportunity for all nations, including Vietnam, to look beyond tourism statistics and acknowledge that, behind every number, there is a person. The Bat Xat terraced rice fields, Sapa Town, Lao Cai Province. Photo: James Huynh On this occasion, the UNWTO reaffirmed a commitment to build a more prosperous and peaceful world through tourism. "As tourism grows, the benefits that come will be felt at every level of our broad and diverse sector, from the biggest airline to the smallest family," it said. “It is a pledge that is both timely and necessary in the pandemic because it has led to the pause in international travel, making a clear relevance of tourism to our … [Read more...] about Vietnam responds to World Tourism Day 2021 for inclusive growth
Industrial development and economic growth
Online platforms will help Vietnamese businesses expand their foothold in the foreign market. Vietnamese furniture exporters have been grasping opportunities to expand their foothold in the foreign market as the country is a member of multiple trade deals including the CPTPP and EVFTA, being emerged as an attractive alternative option. Making wooden products in a facility in Ung Hoa District, Hanoi. Photo: Cong Hung Insiders have said that the challenges are huge, but the opportunities since the pandemic have been pushing major buyers in Europe, the US, or Japan to look beyond China. Local firms, however, would not be able to grasp such opportunities if they are unable to approach customers during the pandemic. Taking furniture to online platforms While the Covid-19 pandemic has been causing tremendous hardship for businesses over the world, the combination of traditional and online selling channels is expected to open the door for Vietnam’s wood … [Read more...] about Vietnam’s wood industry strives to extend its reach globally
Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20
After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam? On September 21, The Sherpa, a subsidiary of Masan Group Corporation, announced an investment of $13 million to acquire a 70-per-cent stake in mobile virtual network operator (MVNO) Mobicast and officially expand to the telecommunications sector. This is Masan's first step into the digital services sector. Mobicast's services target tech-savvy customers with great demand for data usage and digital lifestyle. As a result, the startup can help Masan to complete its offline-to-online offerings of necessities and financial services. An MVNO offers a fast and cost-efficient system to build transmission and reception network infrastructure. Besides this, an MVNO is considered a catalyst for competition in the mobile telecommunications market. MVNO players will develop value-added services on mobile devices, helping to improve quality and diversify experiences. It is estimated that necessities … [Read more...] about After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam?
At the event (Photo: VNA) Hanoi (VNA) – A webinar entitled “Revival under the ‘New Normalcy’: Hong Kong-Vietnam Partnership” was held recently to seek ways to bolster trade cooperation and investment between Vietnam and Hong Kong (China). The event, jointly held by the Ministry of Industry and Trade of Vietnam and the Commerce and Economic Development Bureau (CEDB) of Hong Kong, was to help businesses of the two sides connect, find cooperation chances and ease negative impacts of COVID-19. Speaking at the event, Deputy Minister of Industry and Trade Tran Quoc Khanh underlined that the holding of the webinar amid the COVID-19 pandemic is necessary to share difficulties and seek solutions and orientations to support trade and investment activities of Vietnamese and Hong Kong firms. Hong Kong is an important partner of Vietnam and the two sides have ample room to step up cooperation and tap on advantages of each economy in the coming time, especially advantages Vietnam has … [Read more...] about Webinar looks to bolster Hong Kong-Vietnam partnership amid COVID-19
An MRC press release said Tuesday that a major joint study undertaken by all the six Mekong riparian countries will examine changes in hydrological conditions found in the Mekong River Basin. The study was approved at a virtual meeting of the Mekong River Commission (MRC) and its Dialogue Partners. The annual 25th Dialogue Partners meeting on September 17 was attended by MRC members Cambodia, Laos, Thailand and Vietnam as well as representatives from China and Myanmar. The joint study's approval followed an earlier green light by the MRC Joint Committee and Joint Working Group of Lancang-Mekong Cooperation (LMC) Water Center on Lancang-Mekong Water Resources Cooperation. Phonepaseuth Phouliphanh, Acting Chairperson of the MRC Joint Committee for 2021, said the need for the joint study was underscored by the Mekong River Basin’s increasing propensity for floods and droughts, which have been attributed to adverse changes in climate and water infrastructure. He said the study … [Read more...] about China joins study of Mekong River hydrological changes