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 top attractions
By Hong Chau  January 3, 2019 | 09:54 am GMT+7 Techcombank raised $923 million from IPO in 2018. Photo by Reuters/Kham Vietnam surpassed Singapore and Thailand to top Southeast Asia in initial public offerings (IPOs) last year, raising $2.6 billion. This figure was 3.7 times that of 2017, according to consultancy Ernst & Young. Two of three largest IPOs in Southeast Asia last year were launched by Vietnamese companies: $1.34 billion from Vinhomes, a real estate developer of Vietnam’s biggest private firm Vingroup; $923 million from Techcombank, the country’s largest private sector lender. However, an opposite trend was seen in Southeast Asia as a whole, with the money raised from IPOs dropping 34 percent over 2017 to $7.1 billion. The number of IPO deals in the region also decreased by 7 percent to 115, with 56 of them raising less than $10 million. Ernst & Young economist Max Loh said that the reason for this drop was U.S-China trade … [Read more...] about Vietnam tops Southeast Asia in IPOs
The Hanoitimes - But the potential negative impact of trade tensions on global growth would be more detrimental for Vietnam. Vietnam is keeping its stride, topping the major ASEAN economies with expected GDP growth rate of 6.7% in 2018. But external headwinds pose downside risks for the coming quarters, HSBC stated in its latest report. The country outperformed most of its regional peers in the third quarter of 2018 with GDP growth of 6.8% year-on-year, according to HSBC. The manufacturing sector steadied from the previous quarter despite a cyclical slowdown in electronics trade and rising trade tensions globally. Meanwhile, the services sector continues to outperform due to declining unemployment, rising wages, and expansion of the tourism industry. Vietnam is particularly vulnerable to trade risks given its reliance on exports and manufacturing. As such, rising trade tensions globally are likely to impact Vietnam more significantly than other economies. But the imposition … [Read more...] about Vietnam tops major ASEAN economies in 2018: HSBC
PwC, surveyed 1,189 CEOs and industry leaders from 10 May to 16 July with responses from each of the 21 Asia-Pacific Economic Cooperation (APEC) economies on the coming on the eve of the 2018 APEC CEO Summit held in Papua New Guinea from November 17-18. Despite the escalating trade war between China and the US, APEC leaders showed strong confidence that their revenue will increase over the next 12 months. 35% of all APEC respondents are ‘very confident’ in revenue growth over the next year, down slightly from 37% in 2017. 51% of APEC businesses have plans to raise their investment levels over the coming year. Business leaders from the US and Thailand are more upbeat (57% and 56% feeling ‘very confident’, respectively), while respondents in China and Mexico, two of the largest trading partners for the US, are below the APEC CEO average (25% and 21%, respectively). Meanwhile, 33% of respondents in Vietnam say they are ‘very confident’ … [Read more...] about Vietnam remains attractive investment destination in APEC
By Thi Ha  July 24, 2018 | 05:01 pm GMT+7 Vietnam has surpassed Thailand to become the top ASEAN member in attracting investment from Japanese businesses. Vietnamese workers at a construction site in Hanoi. Photo by Reuters/Kham Almost 1,800 Japanese businesses have invested in Vietnam in the first half of the year, the highest among ASEAN countries. This number accounts for 24.6 percent of total number of Japanese firms investing in ASEAN countries, said Keiichi Kadowaki, chairman of Japanese Chamber of Commerce and Industry in ASEAN (FJCCIA). He was speaking at the 11th Dialogue between the Secretary General of ASEAN and the Federation of the Japanese Chamber of Commerce and Industry in ASEAN (FJCCIA) in Ho Chi Minh City on Monday. Japan and Vietnam also signed 36 memorandums of understanding worth $21 billion last month. “This shows that Vietnam is becoming more attractive to Japanese firms,” Kadowaki said. Vietnam’s open business … [Read more...] about Vietnam tops ASEAN in luring Japanese investment