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Vietnamese Minister of Culture, Sports and Tourism Nguyen Ngoc Thien chaired the 18th ASEAN Plus Three Tourism Ministerial Meeting on January 18, which forms part of the ongoing 2019 ASEAN Tourism Forum (ATF) in Ha Long city, Quang Ninh province. Minister of Culture, Sports and Tourism Nguyen Ngoc Thien (centre) poses with participants at the conference In his opening remarks, Thien emphasized the significance of tourism cooperation between ASEAN and its three partner countries, namely China, Japan and the Republic of Korea (RoK). In 2018, the two-way exchange of tourists between ASEAN and China reached more than 50 million arrivals, including around 30 million Chinese arrivals to ASEAN countries (up 30% year on year) and approximately 22 million ASEAN arrivals to China (up 105% annually). Japan and the RoK are also the two important tourism source markets of ASEAN. Last year, about three million arrivals of ASEAN tourists visited Japan, a year-on-year increase of 16%, and … [Read more...] about ASEAN looks to strengthen tourism ties with China, Japan and RoK

Agoda, one of the world’s fastest growing online travel booking platforms, has offered a list of some of the top destinations around the world for tasting coffee, including Vietnam. Vietnamese drip coffee – Source: Pixabay Vietnam The world’s number 2 exporter of coffee and home to a vibrant coffee culture that touches virtually every street corner in the nation. Served through a ‘phin’, a local drip-contraption, Vietnamese drink their coffee in a slow ritual that begins with just watching it drip-drip-drip into a glass, often over ice and condensed milk, before it’s all mixed into the nation’s signature brew. If travelers are keen to try more than the ubiquitous cà phê sữa đá (iced coffee), they can try the Hanoi local special by mixing eggs into their coffee instead. Try Giang Coffee in the thick of the city’s Old Quarter. The area is home to hotels of all budgets, but to be right by one of the … [Read more...] about Vietnam among brew-tiful coffee destinations around the world

A corner of the Phu My Hung residential area in District 7, HCM City (Photo: VNA) Hanoi (VNA) – Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities. Statistics released at the Vietnam M&A Forum in Ho Chi Minh City in August 2018 showed that in the first five months of the year, the total value of M&A transactions in the Vietnamese market had reached 3.55 billion USD, equivalent to 155 percent of the figure recorded in the same period last year. Of the sum, property deals made up 66.75 percent. Meanwhile, in 2017, M&A deals were valued at 10.2 billion USD, up 175 percent against 2016, with real estate accounting for only 27 percent following consumer goods production with 57 percent. Therefore, the numbers reported in the first half of the year demonstrate that the real estate sector has attracted greater … [Read more...] about Real estate sees rise in M&A deals

Production at the Hoya Glass Disk Vietnam Company in Thang Long Industrial Park, Hanoi. The capital city attracted $7 billion in FDI in the first 11 months this year. Photo kinhtedothi.vn This figure was higher than the $6.3 billion registered in the same period last year. Total registered investment capital for new projects and additions to existing projects reached about $2.1 billion, including $1.6 million for 788 new projects and $580 million for 160 existing projects. During the 11 months, foreign investors poured $5.3 billion into Hanoi through capital contributions and share purchases. Foreign investors have chosen Hanoi thanks to its good infrastructure, completed industrial zones and convenient transportation. The capital is one of the centres of economy, industry, trade and services and the population is rising sharply, creating a huge demand for housing. Unsurprisingly, the largest recipients of FDI include real estate, … [Read more...] about Hanoi attracts highest FDI in 11 months

This year continues to witness a wave of investments into Vietnamese start-ups, with millions of dollars of money announced. This is the list of 10 start-ups with highest investment based on public investment information, site ndh.vn reported. Some start-ups are believed to have successfully raised capital from US$75 million to $300 million, but specific amounts were not disclosed. 1 Sendo E-commerce platform Sendo of Sen Đỏ Technology JSC completed a $61 million Series C funding round. Besides previous investors, this round of fundraising has the participation of two new investors, Indonesian EV Growth and Thai Kasikornbank. Last year, Sendo successfully mobilised $51 million in Series B round. Trần Hải Linh, Sendo director general, said the company would use the new funding to expand its services, invest in AI technology and machine learning. 2 Lozi Lozi secured an eight-digit funding (in US dollars) led by South Korean investment firm … [Read more...] about 10 Vietnamese start-ups with highest investment in 2019