Because of strict visa policies, promotions to attract international tourists have not been as effective as expected, according to many businesses. Enterprises have made huge investments to welcome back tourists, but such illogical visa policies may slow down the tourism recovery pace. Being confused and facing difficulties Many travel companies in Da Nang City told Tuoi Tre (Youth) newspaper that visa policies for foreign tourists were still their biggest concern. Before the COVID-19 outbreak, Vietnam offered the visa waiver policy for citizens of many countries and the normal visa approval period was three to five days (visas which were valid for 30 days). However, the list of countries whose citizens are entitled to Vietnam’s visa waiver policy has been shortened and the visa processing period has been lengthened, putting enterprises at a disadvantage. Cao Tri Dung, chairman of the Da Nang Tourism Association, said that after the COVID-19 pandemic, the number of … [Read more...] about Strict visa policies hinder international guests from visiting Vietnam
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Intel Capital invests in Vietnam for first time
Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time
Britain historian highlights significance of President Ho Chi Minh’s trip to London
Talking to Vietnam News Agency, Callow held that London was a destination for Ho Chi Minh after a long journey to many other places because that was known as the workshop of the world. It was the cradle of the Industrial Revolution, the center of the greatest empire in terms of land mass that the world had ever known, and the world's top financial center. His journey is intensely practical and a way to discover the politics, the economics and the cultures of very different civilizations, the scholar stated. He stressed that it was a brave step for Ho Chi Minh to leave his homeland with a desire to learn, to witness with his own eyes the fast changing world, and to see for himself the bases of the imperial power. “During his tour, he got a sense of change, a possibility and the power of an organised working class to make progressive change. He could take certain lessons back home with him to change the lives and the realities of the Vietnamese people for the better. But from London, … [Read more...] about Britain historian highlights significance of President Ho Chi Minh’s trip to London
Vovinam makes comeback at SEA Games 31
The Philippine vovinam fighter Jennel Yn Olsim Dasdas (red) competes with Mala Chanthalacksa of Laos in the women's 55kg. (Photo: VNA) Hanoi (VNA) – SEA Games 31’s vovinam competitions are taking place at the Soc Son Gymnasium on the outskirts of Hanoi from May 18-22, offering the host a good chance to promote its traditional martial art . Vovinam makes a return to the regional sports event after nine years of absence. It made its debut at SEA Games 26 in Indonesia in 2011. It took place for the second time in the games’ 27th edition in Myanmar in 2013. According to insiders, the return of vovinam can be seen as a very good opportunity for Vietnam to further popularise vovinam both regionally and internationally, attract more people from many countries to practice the martial arts, thereby making a basis for vovinam to be held more often at the regional sports events. Vietnam does not place much emphasis on achieving high results in vovinam at SEA Games 31 , said … [Read more...] about Vovinam makes comeback at SEA Games 31
Emirates Group reports strong recovery in 2021-22
The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses.— Photo courtesy of Emirates The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses. dnata returned to profitability, and significant revenue improvements were reported across Emirates and dnata as the group rebuilt its air transport and travel-related operations, which were previously cut back or curtailed by the pandemic. For the financial year ended 31 March 2022, the Emirates Group posted a loss of AED 3.8 billion (US$ 1.0 billion) compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86 per cent over last year’s results. The group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30 per cent from last year, mainly due to strong demand across its core business divisions and markets, triggered by the easing … [Read more...] about Emirates Group reports strong recovery in 2021-22
Viet Nam Blockchain Summit 2022 to take place in July
The Viet Nam Blockchain Summit 2022 will take place on July 21-22. — Photo ndh.vn The Viet Nam Blockchain Summit 2022 will take place at the National Conference Centre of Viet Nam in Ha Noi on July 21-22. The event will bring together more than 2,500 delegates from management units, enterprises, investment funds, domestic and international organisations and individuals. The summit is an annual event on a national and international scale. Being organised for the first time by VINASA and Viet Nam Blockchain Association, the programme is oriented to become a prestigious annual destination, in the chain of events of the blockchain world. This year’s event is organised to accompany the Government, agencies, ministries, sectors and businesses in orienting, developing, and promoting the application of blockchain technology in Viet Nam, and at the same time making an impression on the country’s blockchain development, creating a destination for investors, developers in the region and … [Read more...] about Viet Nam Blockchain Summit 2022 to take place in July