Foreigners buying property in vietnam

Foreign tourists mainly were technical experts and skilled workers who are allowed to enter Vietnam to work, and truck drivers transporting goods through international border gates. In the first two months, the country welcomed 28,700 foreign visitors, a year-on-year decrease of 99.1 percent. According to the report, HCMC saw a decline of 14.1 percent, Ba Ria-Vung Tau Province and Da Nang City decreased 15.9 and 16.1 percent, Hanoi and Hai Duong slid 7.6 and 7.8 percent compared with last year. Tourism revenue fell 62.1 percent over the same period last year to VND2,500 billion (US$108.6 million). The most severe drops were seen in Hanoi at 47.7 percent, Da Nang by 67.7 percent, HCMC by 69.2 percent, Thua Thien-Hue Province by 73.3 percent and Hai Duong Province by 89.4. The tourism industry has proposed many preferential policies to support travel firms and laborers that have been severely affected by the Covid-19. However, there was not much support and many businesses … [Read more...] about Number of foreign visitors to Vietnam in February falls sharply

Delegates attend Vietnam-India trade-investment promotion conference (Photo: VNA) New Delhi (VNA) – The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25. The bilateral trade-investment promotion conference titled “Boosting trade-investment cooperation opportunities between Vietnam ese and Indian SME s” was jointly organised by the Trade Office of the Vietnamese Embassy in India, Uttar Pradesh state government, the Indian Industries Association (IIA) and the Hanoi SME Association. IIA President Pankaj Gupta said that several major enterprises of India such as Adani Group, Mahindra, SRF and Suzlon have shown interest in investing in Vietnam. He suggesting Indian enterprises invest in Vietnam in the fields of energy, … [Read more...] about Vietnam offers numerous investment opportunities for Indian businesses

Big C is one of the FDI corporations gaining foothold in the Vietnam market (Photo: Vietnam+) Hanoi (VNA) - The retail market in Vietnam in recent years continues to be active with many mergers and acquisitions as well as strong growth in the size of domestic and foreign enterprises. Statistics released by the General Statistics Office show that retail sales in 2018 were estimated at 3.3 million billion VND, an increase of 12.4 percent compared to 2017. Notably, according to Le Viet Nga, Deputy Director of the Domestic Market Department (Ministry of Industry and Trade), many large foreign enterprises still consider Vietnam's retail industry to be an attractive investment destination and they are mulling over expanding their investment scale and market share. Vietnamplus has an interview with Ms. Le Viet Nga to provide a better understanding of the retail sector and orientations from the state agencies to create a level playing field, helping businesses grow together. - … [Read more...] about FDI businesses focus on Vietnam retail sector

Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. … [Read more...] about VIETNAM NEWS HEADLINES MARCH 1

The Hanoitimes - Hanoi hopes trade link will support its export-driven economy while London is trying to secure trade deals ahead of the transition period after Brexit. Vietnam and the UK have agreed refresh and strengthen their strategic partnership and set the framework for forging ahead in the next decade. Vietnam and the UK look to forge ahead the partnership in the next decade. Photo: MOFA The two sides adopted a joint declaration at a meeting between Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and UK Foreign Secretary Dominic Raab on September 30 during the British diplomat’s visit to Hanoi, the first by a European politician to Vietnam since the start of the Covid-19 pandemic. The declaration, which marks a milestone of 10 years of the Vietnam-UK Strategic Partnership, outlines the UK and Vietnam’s commitment to further strengthening the bilateral partnership. It includes (1) deepening bilateral trade and … [Read more...] about Vietnam, UK set upward trajectory for next 10 years