Asean

The Hanoitimes - The number of tourists to Hanoi dropped 91.2% from April 30 to May 2 compared to the same period of 2019. During this year’s holiday season, Hanoi welcomed just 1,123 international tourists, a decrease of 97.7% compared to the same period of last year, data of the municipal Department of Tourism showed. Most of them have been stranded in the city due to the Covid-19 pandemic, according to the Immigration Management Division of the Hanoi Municipal Police Department. They came from 50 countries and territories in Asia, Europe, the Americas and Oceania. International tourists in Temple of Literature before the order of closure for tourist destinations. Photo: Lai Tan From April 30 to May 2, tourist arrivals to Hanoi plunged 91.2% over the same period in 2019 to 21,123. Total revenue from tourism reached VND68 billion (US$2.9 million) during the three days, down 84.4% inter-annually. From April 30 to May 3, the prices of hospitality services … [Read more...] about International arrivals to Hanoi drop sharply during national days

Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into … [Read more...] about Equity investment in Vietnam reaches new peak

Singapore 's Marina Bay (Photo: CNN) Singapore (VNA) - Singapore's economy has been ranked the freest in the world this year in the Heritage Foundation 's 2021 Index of Economic Freedom, the second year in a row it topped the list. The city-state scored 89.7 points, with its overall score having increased by 0.3 points from 2020, primarily because of an improvement in points gained for government spending, the think-tank said on March 4. Singapore's score placed it far ahead of both the regional average for 40 countries in the Asia Pacific (60.2) and the world average (61.6). It was followed in the rankings by New Zealand, Australia, Switzerland and Ireland, in that order, with scores ranging from 83.9 (New Zealand) to 81.4 (Ireland). The US ranked 20th with a score of 74.8, and Germany was 29th with a score of 72.5. Thailand took the 42nd spot with a score of 69.7, and China was No. 107 with a score of 58.4. Hong Kong, which had topped the list for 25 of the … [Read more...] about Singapore is the world’s freest economy: Heritage Foundation