Foreign investment into Vietnam up sharply One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year. After 5 years of operations, with steadily increasing output, the company built more factories earlier this year to meet the needs of production expansion. The average size of both newly-licensed projects and those adding capital increased strongly year-on-year, which was the main reason behind the strong increase in FDI. Another positive in the first quarter was that disbursed capital rose 6.5% year-on-year. It is forecast that FDI attraction will continue to be positive in the context of many investors shifting the location of their investment and major investors in the country expanding existing projects./. Property giants rush to develop … [Read more...] about VIETNAM BUSINESS NEWS APRIL 20
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Stimulating tourism with safety precautions and effectiveness in place
People excited about budget domestic tours People can now easily buy budget tours provided by travel companies using popular online travel agencies such as Booking, Traveloka, and Agoda, with numerous promotional programmes being launched to stimulate domestic tourism. Discounts on prices are available on air tickets, hotels, and entrance fees at many attractive destinations including Phu Quoc island (Kien Gian province), Da Lat city (Lam Dong province), and Sapa town (Lao Cai province). Mai Linh from Thanh Xuan district in Hanoi recently had a three-day and two-night vacation to Phu Quoc with her colleagues. “We booked air tickets and hotels at very affordable prices,” she revealed, adding the trip helped her team refill their energy at work while having a lot of fun together after a long year full of the challenges caused by COVID-19 pandemic. The 12-member group had to spend only just over VND50 million to the trip, during which they all enjoyed entertainment and tourist … [Read more...] about Stimulating tourism with safety precautions and effectiveness in place