Fayfay.com announces strategic partnership with Ho Chi Minh City tourism Hong Kong-based Fayfay.com on December 6 announced that it signed a Memorandum of Understanding (MoU) with the Ho Chi Minh City Tourism Promotion Centre to promote tourism in Vietnam, with a special focus on the city. The MoU was signed by Tran Ngoc Dong Quan, deputy director of the Ho Chi Minh City Tourism Promotion Centre, along with Kingston Lai and Kelvin Wu, the co-founders of Fayfay.com, at Bep Nha Luc Tinh Restaurant in Ho Chi Minh City, in the presence of industry experts and members of the media. “Ho Chi Minh City is an important destination on Fayfay.com and we look forward to partnering with the Ho Chi Minh City Tourism Promotion Centre to showcase the city’s vibrant architecture, rich culinary scene, and authentic local experiences,” said Lai. “We believe strategic joint promotional activities with the Tourism Promotion Centre will enable us to leverage our online platform and … [Read more...] about BUSINESS NEWS IN BRIEF 10/12
Vietnam business visa application
Vietnam extends e-visa policy for foreign tourists until 2021
The Vietnamese government has approved a two-year extension of the pilot e-visa issuance program for foreigners visiting the country. The policy was launched on February 1, 2017, allowing citizens from 40 countries to apply for electronic visas. These countries included major tourism markets of China, Japan, South Korea, the U.S, the U.K, Germany and Sweden. Last year, visitors from six countries, Australia, India, Canada, the Netherlands, New Zealand and the U.A.E were added to the list. The e-visa application scheme was scheduled to expire next February, but has been extended now. As of August 31 this year, more than 241,000 foreign tourists have entered Vietnam with e-visas, according to Vietnam National Administration of Tourism (VNAT). The policy allows foreigners to apply for a 30-day, single-entry e-visa for holidays or business trips by paying a $25 application fee online. Applicants are required to complete a form available on two separate websites (one in … [Read more...] about Vietnam extends e-visa policy for foreign tourists until 2021
Hong Kong (China) calls for investment from Vietnam
Hong Kong (China) is currently an ideal destination for Vietnamese firms to expand operations abroad, heard a round-table seminar in Ho Chi Minh City on August 13. In addition to cellphones and components, fiber is one of the major export items from Vietnam to the Hong Kong (China) market Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s Ho Chi Minh City Branch, held that Vietnam and Hong Kong (China) are key major trade partners of each other with bilateral trade reaching US$9.2 billion in 2017, up 22 pct from 2016. As of June 2018, Hong Kong (China) was the sixth largest foreign investor in Vietnam with a total capital of nearly US$19 billion, he said. With the ASEAN-Hong Kong (China) free trade agreement, trade and investment between Vietnam and Hong Kong (China) are both expected to grow fiercely in the near future. Vietnam is encouraging firms to expand investment abroad to popularise Vietnamese products across the world. Thanh hailed … [Read more...] about Hong Kong (China) calls for investment from Vietnam
Hong Kong calls for investment from Vietnam
At the event (Source: VNA) HCM City (VNA) - Hong Kong is currently an ideal destination for Vietnamese firms to expand operations abroad, heard a round-table seminar in Ho Chi Minh City on August 13. Thanh hailed Hong Kong as a free, developed economy with a strategic location, modern infrastructure, and large capital inflows. Stephen Phillips, General Director of Investment Promotion at Invest Hong Kong (IK), said Hong Kong is calling for investment in the fields of financial services, consumer goods, transportation and industry, tourism-restaurant-hotels, technological innovation, and innovative industries. He lauded Hong Kong for its active international business environment, convenient business registration procedures, modern infrastructure, and low tariffs, adding that it now has a mechanism to provide support for newly-established and mature firms, from planning and opportunity evaluation to visa application and marketing. … [Read more...] about Hong Kong calls for investment from Vietnam
Vietnam to work with Czech Republic to address visa-related issue
(photo for illustration) Hang made the statement in reply to reporters’ questions about the Czech Republic’s decision to suspend the acceptance of work visa applications by Vietnamese nationals at the ministry’s regular press conference on August 2. She said the two countries are enjoying fruitful multifaceted cooperation, expressing her hope that their coordination in this work will make it easier for the two sides to promote bilateral cooperation in many fields in accordance with the traditional friendship between the two nations. The Czech Republic has recently suspended the acceptance of work visa applications by Vietnamese citizens. The suspension applies to the visa applications for long-term residence with the aim of either employment or business activities. According to Czech Minister of the Interior Jan Hamacek, at present, the priority of the Czech embassy in Vietnam is to accept residence applications for the purpose of family reuniting. Source: … [Read more...] about Vietnam to work with Czech Republic to address visa-related issue
Vietnam to work with Czech Republic in addressing visa-related issue
Vietnam is willing to cooperate with the Czech Republic to address difficulties in granting long-term visas for Vietnamese nationals for the purposes of employment or business in the European country, said spokesperson of the Foreign Ministry Le Thi Thu Hang (Illustrative photo: VNA) Hanoi (VNA) - Vietnam is willing to cooperate with the Czech Republic to address difficulties in granting long-term visas for Vietnamese nationals for the purposes of employment or business in the European country, said spokesperson of the Foreign Ministry Le Thi Thu Hang. Hang made the statement in reply to reporters’ questions about the Czech Republic’s decision to suspend the acceptance of work visa applications by Vietnamese nationals at the ministry’s regular press conference on August 2. She said the two countries are enjoying fruitful multifaceted cooperation, expressing her hope that their coordination in this work will make it easier for the two sides to promote … [Read more...] about Vietnam to work with Czech Republic in addressing visa-related issue
BUSINESS IN BRIEF 7/7
HCM City posts GRDP growth of 7.76 percent in year’s first half Ho Chi Minh City posted 585 trillion VND (25.74 billion USD) in the Gross Regional Domestic Product (GRDP) in the first half of 2018, a growth of 7.76 percent from the same period last year, as heard at a meeting on July 3. The meeting was held by the municipal People’s Committee to review the local socio-economic development for the January-June period with Chairman Nguyen Thanh Phong in attendance. The city’s total revenue from retail sales of consumer goods and services rose by 12.5 percent year-on-year to 510.19 trillion VND (nearly 22 billion USD), while its earnings from exports reached 18.12 billion USD, up 7.6 percent year-on-year. Approximately 184 trillion VND (7.9 billion USD) was collected for the State budget during the period, making up about 48.7 percent of the yearly target. Some 21,500 new enterprises were set up with the total registered capital of nearly 249 trillion VND (10.7 billion … [Read more...] about BUSINESS IN BRIEF 7/7
Experts: Vietnam needs better logistics
Logistics company representatives network at a meeting. (Photo: VNA) HCM City (VNA) - Vietnam needs to simplify its visa applications and procedures for foreign companies to enter the country so the logistics industry can attract more foreign business partners, representatives of logistics companies have said. At a networking event organised in Ho Chi Minh City on May 7 by the Vietnam Trade Promotion Agency and World Freight Organisation (WFO), a network of international logistic companies, around 44 members from 30 countries of the WFO met with their Vietnamese counterparts to discuss potential collaboration. WFO Chairman Leandro Harari said the Vietnamese economy is becoming more attractive to foreign companies, and HCM City is a great place for logistics development. Three members of the WFO are from HCM City, he added. Luis Monteiro of Sunvilog Logistic and Transits said that while the company finds Vietnam’s logistics market to be good and with a lot of growth potential, … [Read more...] about Experts: Vietnam needs better logistics
BUSINESS IN BRIEF 4/2
ADB helps urban infrastructure development in HCM CityVice Chairman of Ho Chi Minh City People’s Committee Tran Vinh Tuyen on February 1 received Eric Sidgwick, Asian Development Bank (ADB)’s Country Director for Vietnam.At the meeting, the municipal official affirmed that HCM City is committed to implementing cooperation deals with its partners, especially ADB. He added that the Vietnamese Government is revising projects using official development assistance (ODA) to ensure their effective implementation.Regarding the four major projects between HCM City and ADB, Tuyen noted that the city has asked the Ministry of Planning and Investment to allocate funding for the metro line No.2.It also approved the compensation plan for land clearance which the HCM City’s Management Authority for Urban Railway and ADB have agreed on. In addition, HCM City has worked on ADB’s recommendations on the first phase of the metro line No.5.For his part, Sidgwick affirmed to support … [Read more...] about BUSINESS IN BRIEF 4/2
BUSINESS IN BRIEF 16/1
Survey helps HCM City plan policyThe 2017 Economic Survey in HCM City has provided basic data about the number of enterprises, workers, the economic efficiency of companies and administrative units and proportion of information technology application, delegates heard at last Friday’s meeting to review the survey.“Such data will be a foundation for city authorities to build action plans and set up policies for socio-economic development in an effort to encourage modern science and technology application in all economic industries and administrative units,” Lê Thanh Liêm, vice chairman of the municipal People’s Committee and head of the Steering Committee for 2017 Economic Survey said.According to the results of the survey, HCM City now has 633,637 economic, administrative and religious units, an increase of 27 per cent in comparison with 2011.Of this amount, there are 173,000 enterprises, an increase of 62 per cent in comparison with 2011 and non-State … [Read more...] about BUSINESS IN BRIEF 16/1