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In addition, many foreigners working in Ha Noi at foreign-invested projects have chosen hotels to replace serviced apartments. They have considered it an acceptable choice, she said. So, some Grade C serviced apartment projects had to be withdrawn from the market. … [Read more...] about Serviced apartments face fierce competition in Hanoi market

Hanoi (VNS/VNA) - The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam. In most countries, three- and four-star hotels are usually popular with domestic tourists, and Vietnam is the same, said Troy Griffiths, Deputy Managing Director of Savills Vietnam. “In this golden age of domestic tourism for Vietnam, we can see that these are generally performing well,” he said in a statement. Infrastructure in Vietnam is developing at a rapid pace with a multitude of second-tier cities now touting international capacity. This, in turn, pulls forward competitiveness and capacity, so for the short to medium term, Savills Vietnam believes hospitality and particularly the low mid star level is well-positioned to take advantage of the boom in tourism. Local budget level is exposed the greatest to competition as capital … [Read more...] about Local hotel industry faces challenge in technology

Starting from this year, Vietnam is going to implement the ASEAN Trade in Goods Agreement (ATIGA). Accordingly, sugar products from countries in the ASEAN imported into Vietnam will not be imposed quotas so there is a high possibility that the price of imported sugar will be cheaper than the domestic one. Moreover, the domestic sugar industry has been always facing difficulties because of smuggled sugar so this is expected to be a rough year for the domestic sugar industry. Last year, Thailand exported more than 1 million tons of sugar to Cambodia but only 200,000 tons of sugar were consumed here so the rest 800,000 tons of sugar might be smuggled into Vietnam. On average, Vietnam needs 1.45 million tons of sugar annually which can be provided sufficiently by the domestic sugar industry. However, cheap smuggled sugar competes with domestic sugar, hurting the domestic sugar industry. At a meeting on prevention of sugar smuggling, Mr. Truong Van Ba, Deputy Chief of the Standing Office … [Read more...] about Vietnam’s sugar industry expected to face more difficulties this year

Soc Trang (VNA) - President of the Vietnam Fatherland Front (VFF) Central Committee Tran Thanh Man offered the best wishes to state welfare beneficiaries and poor families in An Lac Thon town, Ke Sach district, the Mekong Delta province of Soc Trang on January 20 during a visit a head of the traditional Lunar New Year (Tet) festival. He presented gifts to gift packages to 100 state welfare beneficiary and poor households, each including 1 million VND (43 USD) and 10kg of rice. On the same day, Vo Van Thuong, Politburo member and head of the Party Central Committee’s Commission for Information and Education, paid a pre-Tet visit to the Duc Minh border post in Mo Duc district, the central province of Quang Ngai. He also visited families of revolutionary veterans Vo Phan, Do Quang Thang, Tran Cao Minh and Pham Thanh Bien in Quang Ngai city. Also the day, Truong Thi Mai, Politburo member and head of the Party Central Committee’s Mass Mobilisation Commission, visited … [Read more...] about Vietnam Fatherland Front leader pays pre-Tet visit to Soc Trang

Prime Minister Nguyen Xuan Phuc last year issued a national action plan on the management of plastic waste in the ocean until 2030, aiming to fulfill the country's international commitment to resolve the issue of marine plastic contamination. Vietnam will cut down 75 percent of its marine plastics and stop generating plastic waste in coastal tourist areas by 2030, the PM stated. … [Read more...] about Russian surfer spearheads central Vietnam beach clean-up