Vietnam guide

Hanoi (VNS/VNA) - For two decades, farmer To Nguyen Ho Hai in the Central Highlands province of Gia Lai grew peppers, enjoying a boon in production. Five years ago, the industry was doing so well, and the price of peppers so high, he more than doubled his investment, increasing from 900 pepper pillars to 2,000.    At the time, farmers took their profits and reinvested with prices hitting as much as 260,000 VND (11.2 USD) per kg at their peak in 2015. Hoang Phuoc Binh, Vice Chairman of the Pepper Association of Gia Lai province’s Chu Se district, recalled the time when peppers were hot in more ways than one.   “Every farmer, every household grew peppers,” he said. “The more profit they earned, the more money they poured in investing in buying land to grow more pepper.” According to Vu Ngoc An, Deputy Director of the provincial Department of Agriculture and Rural Development, when people saw households making profits of up to 500 million … [Read more...] about Quality key to pepper growth, not quantity

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

Hospitality and residences are both something we have always done, combining them to get the returns that we need when working with institutional investors. In the first 10-15 years this is what we were known for, but now we are looking more at the long-term potential of the hospitality market. We have always loved hospitality, and it is the most interesting part of doing business in Vietnam because when you sell hotels and hotel rooms, the product is actually Vietnam – and to me, this is the easiest product in the world to sell. Vietnam has a beautiful coastline, amazing landscapes, one of the oldest cultures in Southeast Asia, and wonderful people. … [Read more...] about Quality to trump alleged slowdown