VN wood and furniture firms eye Mexico, Canada Mexico and Canada will be promising markets for Viet Nam’s wood and furniture products when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to the Ministry of Industry and Trade. Deputy Minister Tran Quoc Khanh said exports to Canada were worth over US$129 million last year and are expected to top $140 million this year. “The CPTPP will open opportunities for products such as wood flooring and bars to Canada because the market will immediately scrap the import tariff of 3.5 per cent when the agreement comes into effect. “Products such as plywood, picture frames, door frames and especially furniture will also have an opportunity because import tariffs of between 6 per cent and 9.5 per cent will be eliminated as soon as the agreement comes into effect. “Wooden handicrafts will also benefit when Canada agrees to abolish the 7 … [Read more...] about BUSINESS NEWS IN BRIEF 19/12
Business travel news
Hanoi, HCM City among top 10 Asia-Pacific business destinations
Ho Chi Minh City at night. Photo by Y Ho Nhu/VnExpress The southern metropolis received 1.2 million international business arrivals and Hanoi more than 1.2 million last year, compared to 900,000 for Ho Chi Minh City and one million for Hanoi in 2016, according to a recent report compiled by MasterCard. Last year saw 49.4 million business travelers, 14.8% of all overnight travelers, visiting Asia Pacific destinations. They stayed a total of 235 million nights and spent US$41.4 billion. Their spending last year in Hanoi, Vietnam’s capital, was US$385 million, and Ho Chi Minh City, the nation’s biggest city, US$661 million. MasterCard ranks 160 destinations out of 23 markets in the Asia-Pacific and gets the data primarily from national tourism boards in each market. Shanghai topped the ranking, followed by Tokyo and Singapore. Local photographers capture the vibrant changes around the Ho Guom (Sword Lake) in Hanoi downtown. Photo by VnExpress … [Read more...] about Hanoi, HCM City among top 10 Asia-Pacific business destinations
Hanoi, HCMC among top 10 Asia-Pacific business destinations
The southern metropolis received 1.2 million international business arrivals and Hanoi more than 1.2 million last year, compared to 900,000 for HCMC and one million for Hanoi in 2016, according to a recent report compiled by MasterCard. Last year saw 49.4 million business travelers, 14.8 percent of all overnight travelers, visiting Asia Pacific destinations. They stayed a total of 235 million nights and spent $41.4 billion. Their spending last year in Hanoi, Vietnam’s capital, was was $385 million, and HCMC, the nation’s biggest city, $661 million. MasterCard ranks 160 destinations out of 23 markets in the Asia-Pacific and gets the data primarily from national tourism boards in each market. Shanghai topped the ranking, followed by Tokyo and Singapore. Of all international arrivals, HCMC ranked 17th in the Asia-Pacific with 4.6 million visitors in 2017 and Hanoi ranked 20th with 3.7 million visitors. Thailand's Bangkok topped the list, drawing 20.1 million foreign … [Read more...] about Hanoi, HCMC among top 10 Asia-Pacific business destinations
InterContinental Phu Quoc Long Beach Resort honoured at World Travel Awards 2018
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The InterContinental Phu Quoc Long Beach Resort. - VNS PhotoViet Nam News HÀ NỘI — InterContinental Phu Quoc Long Beach Resort was honoured in three categories at the World Travel Awards 2018 which took place in Libson, Portugal on Saturday. Developed by BIM Land, a subsidiary of Vietnamese diversified conglomerate BIM Group, Intercontinental Phu Quoc Long Beach Resort received awards as the World’s Leading New Family Resort 2018, the World’s Leading New Luxury Resort 2018 and the World’s Leading New MICE Resort 2018. Piero Bellizzi, general manager of the InterContinental Phu Quoc Long Beach Resort, said: “It’s our honour to receive three prestigious prizes presented by the World Travel Awards in our first year of operation. With heartfelt services, exceptional facilities for families, couples as well as business travelers, the resort promises to offer unforgettable memories for all of our guests. We will keep our motto of providing … [Read more...] about InterContinental Phu Quoc Long Beach Resort honoured at World Travel Awards 2018
BUSINESS NEWS IN BRIEF 16/10
Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny HCM City Securities Corp tops derivatives market share HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange. Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share. HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent). Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent). The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd. Those three … [Read more...] about BUSINESS NEWS IN BRIEF 16/10