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Many new tourism products were launched and promotional campaigns implemented. However, the resurgence of the epidemic caused the cancellation of many tours. The sector continues to be suffering from a failed "season". After each outbreak of the epidemic was controlled, the tourism sector could not restart like many other types of production and services could. In order to attract customers, localities, travel agencies and carriers had to stimulate demand with the development of new tourism products and the implementation of promotional campaigns and discounts. These activities require major investment. Unfortunately, whenever the number of tourists increased again and the new tourism products were launched, the epidemic “came back”. The investment and efforts to implement the stimulus campaigns have been fruitless as a result. For example, after the first wave of COVID-19 was controlled successfully, domestic tourism activities were active again for about two months. In late July … [Read more...] about Measures to support tourism sector

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of … [Read more...] about VIETNAM BUSINESS NEWS FEB. 26

MPI proposes a draft decree on procurement bidding under CPTTP MPI proposes a draft decree on procurement bidding under CPTTP The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP). According to the MPI, the draft decree will amend and supplement some articles of Decree No 95. It aims to guide State companies to execute bidding packages under the CPTTP agreement and EU-Việt Nam Free Trade Agreement (EVFTA). However, per the Government's Resolution No 190/NQ-CP on the provisional application of the UK-Việt Nam FTA (UKVFTA), Việt Nam agreed to temporarily apply the UKVFTA from January 1, 2021. The agreement was negotiated based on the principle of inheriting commitments in the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between Việt Nam … [Read more...] about VIETNAM BUSINESS NEWS FEB. 27

Vice President Dang Thi Ngoc Thinh presented the title of “People’s Doctor” to Associate Prof. Dr. Tran Huu Binh; Associate Prof. Dr. Doan Quoc Hung; Associate Prof. Dr. Nguyen Quang Tuan; Associate Prof. Dr. Nguyen Huu Uoc, and Associate Prof. Dr. Nguyen Kim Viet. They are former and incumbent leaders at important faculties and institutes of different central hospitals. On the occasion, the title “Meritorious Doctor” was also awarded to 12 other lecturers at the Hanoi Medical University. The titles “People’s Doctor” and “Meritorious Doctor” aim to honour doctors with outstanding talent and professional ethics. * As authorised by the State President, Secretary of the Da Nang Party Committee Nguyen Van Quang presented the title “Meritorious Doctor” to 28 individuals and the Prime Minister’s certificates of merit to two exemplary individuals in the city’s health sector on February 26. In addition, 20 medical workers who have made significant contributions to the health sector and … [Read more...] about Medical workers honoured on Vietnam Doctors’ Day