The 19 startups will join a MIST Travel Startups Fundamentals Bootcamp from May 17-22 in Ho Chi Minh City, Viet Nam. The five most outstanding startups will subsequently receive innovation grants up to US$10,000, six months of intensive coaching, a trip to meet industry experts at the Mekong Tourism Forum (MTF) in Nakhon Phanom, Thailand, and an opportunity to pitch investors in Singapore. Illustrative photo “Our selection panel of investors and industry experts had a difficult choice from more than 100 MIST Startup Accelerator applications. The 19 startups that made it through represent the best of the Greater Mekong Subregion - travel startups with innovative models, the ability to scale, capacity to impact local communities, and potential to help solve key challenges facing tourism in the region,” said Jason Lusk, director of MIST. Startups selected to the MIST Startup Accelerator include: Cambodia Bayonia handpicks good value hotels and connects them … [Read more...] about Seven Vietnam startups among 19 semi-finalists of MIST Startup Accelerator
Vietnam duty free allowance
(VEN) - Trade and investment relations between Vietnam and the Eurasian Economic Union (EAEU) comprising Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan have achieved positive results since their free trade agreement entered into force some 18 months ago. Vietnam currently ranks first on the list of Russia’s largest trading partners in Southeast Asia. Vietnam Trade Promotion Agency Director Vu Ba Phu said trade turnover between Russia and Vietnam reached US$5.2 billion in 2017, recording the highest level since 1991, an increase of 29 percent compared to 2016. In the first two months of this year, two-way trade turnover reached US$657.7 million, a year-on-year increase of 43.5 percent. Mobile phones, garments and textiles, computers and components, machinery and equipment, and agricultural products are Vietnam’s exports to Russia, while imports include fertilizers, wheat, machinery and equipment, spare parts, seafood, metals that are not steel, and other petroleum … [Read more...] about Russia, Vietnam record significant trade growth
In a policy turnaround, the Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watchdogged by officials.Decree No 15, effective since February 2, 2018, dictates several changes, the most notable of which is giving firms the right to self-declare food-product origins and quality, replacing the long-standing method of keeping records at public management agencies. Decree No 15, effective since February 2, 2018, dictates several changes, the most notable of which is giving firms the right to self-declare food-product origins and quality, replacing the long-standing method of keeping records at public management agencies (Source: news.chinhphu.vn) As such, only a handful of food products will now require special inspection by the Ministry of Health before entering the general market.Nguyen Thanh Long, Deputy … [Read more...] about Government to allow food importers to self declare
Under current Vietnamese regulations, from February 15, 2017, persons on exit or in transit after completing the exit or transit procedures, passengers onboard international flights departing from Vietnam and persons awaiting exit may purchase duty-free goods. A duty-free shop of Northern Airport Services Company (NASCO) Persons on exit or in transit through international land border gates, international railway stations, grade-1 seaports and international civil airports may purchase duty-free goods at duty-free shops in isolation areas while passengers onboard international flights departing from Vietnam may purchase in-flight duty-free goods. In addition, persons awaiting exit may purchase duty-free goods at inland duty-free shops and receive purchased goods at goods receipt counters in isolation areas of international border gates where they depart. Foreign tourists travelling in groups by sea who hold passports, … [Read more...] about Who can purchase duty-free goods in Vietnam?
1. Visa exemption for foreign visitors In an explicit gesture to resuscitate the ailing tourism sector, Prime Minister Nguyen Tan Dung signed off on visa waivers for five more nationalities, a move highly welcomed by industry insiders. Under a decision dated June 17, Vietnam has offered visa exemptions for single-entry visits of up to 15 days for visitors from Germany, France, the UK, Italy, and Spain starting July 1. The country now also waives visas for single-entry visits for Danish, Finnish, Japanese, Norwegian, Russian, South Korean, Belarusian, and Swedish nationals, until 2019.2. Visa exemption for Viet kieu and familyA government decree, which was issued on September 24 and took effect on November 15, has allowed overseas Vietnamese, or Viet kieu, their foreign spouses and children to visit Vietnam without having to apply for a visa.Foreign family members of Vietnamese citizens also benefit from the policy.They are only required to have a passport that is valid for at least one … [Read more...] about Five key new policies for foreigners in Vietnam – Social affair