Mekong delta promotes Agritourism with farmer participation The travel industry in the Mekong delta has lately taken off with more holiday-makers, increased revenue and more farmer participation. Dong Thap province at the heart of the Mekong Delta is one of provinces with most farmer participating in agri-tourism. Nguyen Be Tu, owner of Tu ca Linh a 3-hectare agritourism farm in Tam Nong District said in these days, many holiday-makers phoned to experience flood season in Dong Thap Muoi when they can enjoy fishing linh fish and other species of animals. Before, Tu family just work on paddy fields and lotus field. After he was sent to visit agritourism farm models in other places, he decided to invest in 3 hectare lotus field into homestay tourism farm. Visitors can live in thatched houses next to lotus fields to breath fresh air and enjoy nature and landscape. Visitors can drain ditches for fish, pick up vegetables and live with kind inhabitants. Owner Tu engaged in agritourism for … [Read more...] about BUSINESS NEWS IN BRIEF 14/10
Us oil spill
IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite
IMF cuts world economic growth forecasts as import tariffs, emerging market issues biteThe Saigon Times Daily A cargo ship is seen behind containers at an automated container terminal in Qingdao port, Shandong province, China October 1, 2018 – PHOTO: REUTERS NUSA DUA (REUTERS) - The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The new forecasts, released on the Indonesian resort island of Bali where the IMF and World Bank annual meetings are getting underway, show that a burst of strong growth, fueled partly by U.S. tax cuts and rising demand for imports, was starting to wane. The IMF said in an update to its World Economic Outlook it was now predicting 3.7% global growth in both 2018 and 2019, down from its July forecast of 3.9% … [Read more...] about IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite
Positive forecasts for Vietnam’s GDP growth
The Hanoitimes - Vietnam’s economy is projected to continuously maintain good performance next year with GDP to expand roughly 6.8 percent despite both internal and external challenges. The Ministry of Planning and Investment (MPI) has recently forecast GDP to rise by 6.6-6.8 percent in 2019 after the country’s economic growth reportedly hit eight-year high of 6.98 percent in the first nine months of this year, helping it ease to meet the 6.7 percent target set for 2018 by the National Assembly. Macroeconomic stability will create impetus for Vietnam’s economy next years Tran Quoc Phuong, head of MPI’s National Economic Issues Department, forecast that Vietnam’s economic growth prospects in the next two years will continue positive thanks to the country’s stable macroeconomy and confidence improvement of both foreign and local firms on the country’s business and investment environment. Echoing Phuong, Nguyen Bich Lam, head of the … [Read more...] about Positive forecasts for Vietnam’s GDP growth
ADB lowers 2018 growth forecast for Việt Nam
Viet Nam News HÀ NỘI — The Asian Development Bank (ADB) has projected Việt Nam’s economic growth will be 6.9 per cent this year, taking 0.2 percentage points off from their April forecast as exports, agriculture, construction, and mining are expected to slow in the second half of the year. The ADB forecasts growth of 6.8 per cent for Việt Nam in 2019. The Vietnamese economy continued to perform strongly in the first half of 2018, despite several setbacks, the ADB said in its Asian Development Outlook 2018 Update, which was launched in Hà Nội on Wednesday. “The economic performance was broad-based, driven by vigorous manufacturing expansion, bumper agriculture production, robust performance of services sector, resilient domestic consumption, and strong investment fueled by foreign direct investment (FDI) and domestic enterprises,” said Eric Sidgwick, ADB Country Director for Việt Nam. According to the … [Read more...] about ADB lowers 2018 growth forecast for Việt Nam
Real estate fertile ground for foreign investors
There has been something of a real estate “fever” in recent times at the Thu Thiem Urban Area, the proposed new CBD and mixed-used urban area in Ho Chi Minh City’s District 2 and which is set to become the largest inner-city development in Southeast Asia. Investment into the urban area has been strong over the last few years, with a host of both local and foreign real estate developers seizing the opportunities on offer. Vietnam’s real estate market attracted $5.54 billion in FDI in the first half of this year, accounting for 27.25 per cent of total investment into the country, according to the General Statistics Office (GSO). 2018 marks ten years since the last real estate downturn and nearly five years of recovery. “Given that monetary policies are expected to stay neutral-to-accommodative to support growth when FDI inflows in the hundreds of millions of dollars are poised to enter the real estate market, the market is expected to continue stabilizing … [Read more...] about Real estate fertile ground for foreign investors