The Hanoitimes - Many South Korean travelers described an impressive experience in Vietnam, for them: “home away from home!” Vietnam opens tourism promotion office in South Korea Vietnam aims to pocket US$30 billion from tourism in 2019 The number of South Korean visitors to Vietnam in 2018 hit 3.48 million, a surge of 44.3% from a year earlier, continuing the upward trend over the past years. South Korean visitors in Vietnam Hanoi and Ho Chi Minh City are abuzz with Korean culture while beachside destinations like Danang, Hoi An, Nha Trang, and Phu Quoc are tailored for Korean tastes, according to both domestic and foreign media. Reasons attributed to the surge in South Korean visitors are as follows. Firstly, geographical proximity. It takes average five hours to get to Vietnam from South Korea. The short distance is a favorable condition for young people who can save time to enjoy their vacation in the country of both modern and … [Read more...] about Why is Vietnam so attractive to South Korean visitors?
Vietnam main attractions
(VEN) - Vietnam offers favorable conditions for a fintech market boom. To attract investors, a legal framework is being completed for new tech companies delivering financial services (fintech) and plans are under way to train high-quality human resources for the emerging sector. Big chance In recent years, Vietnam has recorded high and stable economic growth. Nearly 100 fintech startups have launched in Vietnam, operating mainly in the field of payments. Fintech is rapidly gaining market acceptance with 26 organizations licensed by the State Bank of Vietnam to provide services. Some 16 banks have implemented QR code payments with about 30,000 points of sale, while 78 banks have deployed online payment services, and 41 banks have implemented mobile payment services. Hajime Hotta, president of the Cinnamon Artificial Intelligence Labs, said Vietnam has adopted many mechanisms and policies for startups. “We prefer to partner with startups in Vietnam rather than in other countries, … [Read more...] about Vietnam, an attractive destination for fintech investors
Illustrative image (Source: VNA) Hanoi (VNA) - The importance of enhancing policy dialogue between investment countries and investment recipients, and the role of the electronic industry in Vietnam were highlighted at a recent workshop in Hanoi. Jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI), the Japanese Government, the International Labour Organisation (ILO) and the Vietnam General Confederation of Labour (VGCL), the event also focused on successes and significant contributions of the electronic sector to Vietnam’s development. VCCI Chairman Vu Tien Loc said the electronic industry is a proof for Vietnam's success in the process of development and integration, noting that in a short time, it has become one of the important sectors in the local economy. Vietnam is one of the world's 12 leading electronic workshops and the third largest one in ASEAN. In 2017, the industry’s export turnover totalled over 71 billion USD, 2.5 times … [Read more...] about Solutions sought to promote Vietnam’s electronic industry
FDI has become a dynamic economic sector in Vietnam. At the end of last year, nearly 25,000 FDI projects were active in the country, with a total registered capital of USD 319 billion and disbursed capital of USD 172 billion. Nguyen Van Toan, Vice President of the Vietnam FDI Association, said, “30 years is a relatively long period. It’s possible to say that foreign investment has contributed significantly to Vietnam’s development. First, it has provided capital for Vietnam’s growth. Second, it has improved Vietnam’s capacity in management and labor. Third, it has stimulated Vietnam to integrate.” Photo for illustration During the early 1990s, FDI helped Vietnam resolve its labor redundancy and improve its workforce. While working for FDI companies, Vietnamese workers have matured in several areas: working style, corporate culture, professional and technical skills, and foreign language level. Another achievement of FDI is that … [Read more...] about Vietnam’s FDI attraction in retrospect
By Xuan Ngoc  April 12, 2018 | 11:06 am GMT+7 An advertisement panel in Chinese is removed from a shop in Nha Trang. Photo by VnExpress The law dictates that advertisements must include Vietnamese. Advertising panels featuring phrases in foreign languages are being removed by local authorities from the popular Nha Trang resort town on Vietnam's south central coast. Tourism inspectors from Khanh Hoa Province instructed several businesses in Nha Trang to remove the offending panels featuring phrases in foreign languages such as Chinese and Russian on Wednesday. “I don’t know what the law says about advertising panels. I just do what people usually do around here,” said Vu Dinh Bay, the owner of a local handicraft shop. Inspector Pham Duc Hung cited the increasing number of foreign tourists visiting Nha Trang as the reason for the problem. “We have reminded businesses not do this again. If they don't comply, we'll follow it … [Read more...] about Advertisements in Chinese and Russian erased from Vietnam resort town