With around 40 golf courses which have modern designs and meet international standards, Vietnam holds great potential to develop golf tourism. Vietnam holds great potential to develop golf tourism. In November last year, the country was honoured as “Asia’s best golf destination 2018” by the World Golf Awards. This was the second consecutive year it had earned this title. Moreover, The Grand-Ho Tram Strip in the southern province of Ba Ria-Vung Tau received the “Asia’s best golf hotel” award, while Ba Na Hill Golf Club in central Da Nang city was honoured with the title of “Asia’s best golf course”. These titles prove that Vietnam has emerged as a leading attractive golf destination in the region. According to the International Association of Golf Tour Operators (IAGTO), there are about 60 million golfers in the world and golf tourism is the third-largest driving force for tourism movement in Asia. Around 170 golf travel companies … [Read more...] about Vietnam has huge potential for golf tourism
Liquidity in the interbank market has been abundant, helping the State Bank of Viet Nam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system. The central bank continues to net withdraw dong over the past weeks. — Photo vnexpress.net Reports from Saigon Securities Incorporation (SSI) showed the SBV withdrew VND17 trillion (US$729.6 million) via the issuance of seven-day bills at interest rate of 3 per cent per year. In addition, the central bank also net withdrew another VNĐ6.4 trillion via open market operation (OMO). According to SSI analysts, the move could be either SBV starting to show signs of a capital withdraw period after four consecutive months of money injection, or an indication of SBV’s short-term policy to maintain the overnight interbank rate at a minimum of 3 per cent per year. Though the SBV withdrew up to VND162 trillion in the last five weeks, interest rates on the interbank market … [Read more...] about Vietnam central bank issues treasury bills for the first time in five months
The Hanoitimes - South Korea remained Vietnam’s top investor, posting annual registered capital of FDI in range of US$7 – US$9 billion over the last five years. Vietnam – South Korea relations are built on high level of mutual trust, and the two countries share similarities in culture and history, according to South Korea Ambassador to Vietnam Kim Do Hyon. Overview of the conference. Source: Ngoc Thuy. “Being the host of the second North Korea – US summit, Vietnam plays a key role facilitating cooperation between the North and the South,” Kim said at the eighth International Economic and Financial Conference jointly-held by South Korea’s business newspaper EDAILY and Financial Supervisory Service, along with Vietnam’s Ministry of Finance and the Vietnam Chamber of Commerce and Industry on March 21 – 22. Meanwhile, the ongoing trade friction between the US and China has triggered an investment inflow to … [Read more...] about Vietnam – South Korea relations built on high level of mutual trust: Amb.
The Embassy of Belgium in Vietnam held a ceremony to open a centre for receiving visa applications to European countries, including Belgium, Germany and Italy, in the central city of Da Nang on March 22. The Embassy of Belgium in Vietnam opens a a centre for receiving visa applications to European countries in Da Nang city. (Photo: tuoitre.vn) … [Read more...] about Centre for visa applications to Europe launched in Da Nang
Viet Nam now exports 1 billion pairs of shoes per year and the nation is the second largest leather and footwear exporter in the world, according to experts at the Viet Nam Footwear Summit 2019 held in HCM City Wednesday. Shoes are produced for export to Europe at Hai Duong Shoe Joint Stock Company in Hai Duong Province’s Gia Loc District. Diep Thanh Kiet, vice chairman of the Viet Nam Leather and Footwear Association (Lefaso), said Viet Nam follows just China in leather and footwear exports with more than 1 billion pairs of shoes each year. From now until 2025, Viet Nam’s footwear industry is still competing well in terms of labour costs, per capita income, economic policies and export markets, he said. China has continued its policy on reducing investment incentives in the textiles, garment and footwear sectors to focus on high-tech industries so contracts for processing footwear and bags would continue moving from China to Viet Nam, taking advantage of … [Read more...] about Vietnam exports a billion pairs of shoes per year