Want to be in the loop?
subscribe to
our notification
Business News
MORE VISA WAIVER PLANNED
Besides well-established relationship with Vietnam, these countries have already opened direct flights to Vietnam, making it easier for visitors to the Southeast Asian country, according to Dinh Ngoc Duc, head of the VNAT’s International Cooperation Department.
Duc told VIR on the sidelines of a workshop in Hanoi last week that Vietnam could potentially attract a numerous number of tourists from these countries once the visa was abolished.
The workshop was held to discuss measures to effectively implement the government’s recent decision to waive visa for for citizens from Belarus, the UK, France, Germany, Spain and Italy.
Nguyen Van Tuan, general director of the VNAT, told workshop participants that his agency would cooperate with the Vietnam Tourism Association and Vietnam Airlines to launch a tourism stimulus programme particularly targeting these nations. The programme is part of the government’s efforts to attract around 1.1 million tourists per year from these markets in the 2016-2018 period.
Other measures will encompass organising familiarisation trips to Vietnam for the media from these nations, and undertaking Vietnam tourism roadshows in the five Western countries.
Tuan expected the government’s recent visa exemption decision would show its effects from September this year when Western Europe’s travel season began.
In the first half of 2015, the number of international visitors to Vietnam fell 11.3 per cent on year to over 3.8 million.
Source: VIR
Related News
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.