Tra fish exports to Russia slump Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP). According to the association, the sharp drop followed last year’s declining trend, and was likely to continue for the rest of 2019. VASEP said that in the last two years, Russia’s tra fish consumption has been modest, with unstable import prices. Meanwhile, the European country’s imports of frozen tra fish fillets have increased slightly by 3 percent, but that of frozen whole fish have fallen 29 percent./. Conference on boosting exports to China They were speaking at a recent conference on agricultural, forestry and seafood exports to China in Mong Cai City in the northern province of Quang Ninh. The conference was organised by the Ministry of Agriculture and Rural Development in collaboration with the People's … [Read more...] about BUSINESS NEWS HEADLINES DECEMBER 6
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Bac Giang province attractive to industrial investors
Production at JA Solar Vietnam in Quang Chau IP (Photo: VNA) Bac Giang (VNA) – With its potential and advantages in industrial development, the northern province of Bac Giang has been an attractive destination for investors, especially those in industrial sectors such as electronics, food processing, mechanics, chemicals, and construction material production. Among the six existing industrial parks (IP) in the province, Quang Chau IP has drawn 18 projects, including two domestically-invested projects with combined capital of over 1.28 trillion VND (55.3 million USD), and 16 foreign-invested ones worth over 1.75 billion USD. According to Nguyen Xuan Ngoc, Vice Director of the Management Board of Bac Giang Industrial Parks, so far, local IPs are housing 317 valid investment projects, including 94 domestically-invested projects worth 7.86 trillion VND (33.53 billion USD) and 223 FDI projects with total capital of over 3 billion USD. The IPs have created jobs for about 85,000 … [Read more...] about Bac Giang province attractive to industrial investors
Vietnamese rush to travel South Korea as tour prices drop
South Korea’s loosened visa policy and sharp tour fee decreases have prompted Vietnamese to register for tours to the country. According to Korea Tourism Organization (KTO), in 2018, the country received 457,000 Vietnamese travelers, an increase of 41 percent over the year before. With the figure, Vietnam has added itself to South Korea’s fastest growing tourism markets. Vietnamese travelers flock to South Korea The number of Vietnamese travelers applying for visas to South Korea has soared so sharply that ROK Embassy and General Consulate in Vietnam have become overloaded with work. The ROK Embassy stated that since April 25, it will receive applications for visas and return results at the visa reception center. The requests for multiple-entry 5-year visas for residents in large cities have also been received at the center. In HCMC, the ROK General Consulate also put into operation the visa register center at Vietcombank Building in district on May 2, announcing the … [Read more...] about Vietnamese rush to travel South Korea as tour prices drop
Da Nang is in hotel oversupply crisis
The high growth of accommodations, especially 1-3 star hotels, has caused a hotel oversupply in Da Nang. Just within the first six months of 2019, Da Nang added 100 more accommodation facilities with 6,000 rooms. More 1-3 star hotels have arisen in the last three years, especially in coastal areas in the districts of Son Tra and Ngu Hanh Son. Hotels are in close proximity to one another on the streets of Vo Nguyen Giap, Ha Bong, Ho Nghinh and Nguyen Van Thoai. There are up to 50-70 hotels in a short section of road, just 500 meters long. Of these, 1-3 star hotels are the majority. According to the Da Nang Tourism Promotion Center, there are 650 1-3-star hotels out of 820 accommodation facilities. Meanwhile, there are only about 80 4-5 star hotels. The remaining are high-end resorts, villas, standard apartments, and guest rooms with standard rooms for lease. Nam Lich Rampant hotel development is a waste of national resources The hotel room redundancy is deepening in … [Read more...] about Da Nang is in hotel oversupply crisis
Epizode warm-up party in HCM City
The Epizode world tour of pre-parties will hit HCM City tonight. Photo from Facebook of Bam Bam HCM CITY — With just three weeks to go until Southeast Asia’s top dance music festival, HCM City is getting a sneak peak at the action. The 11-day long Epizode festival starts on December 27 in Kien Giang Province’s and HCM City bar Bam Bam is hosting a warm-up party tonight. Located in District 1, Bam Bam is one of the newer additions to the city’s nightlife scene and has quickly won a reputation for throwing events that create a unique vibe, perhaps why it’s been chosen for the Epizode world tour. The free entry party kicks off at 8pm and will feature two DJs set to perform at Epizode proper on Phu Quoc Island in Levi Oi and Sancho. Sancho is part of the crew behind the Moscow-based label BodyParts and will bring his atmospheric grooves to the dance floor, while Levi Oi is one of the hottest up-and-coming Vietnamese DJs in the city. Entry is … [Read more...] about Epizode warm-up party in HCM City
