#nha trang private taxi

[privatecarmentor]

NHA TRANG SHORE EXCURSIONS BY PRIVATE CAR

Link for more details: https://privatecarmentor.com/nha-trang-shore-excursions-by-private-car/

Welcome to contact us for more details:

📩 privatecarmentor@gmail.com

📞 +84 911 611 246 (Whatsapp, Zalo)

🌐 https://privatecarmentor.com

🏡 779 Pham Van Dong, Tan Hoa, Buon Ma Thuot, Dak Lak.

P/s: ✍️ Private Car Mentor specilizes in providing private car transfer in Viet Nam. Our main products include private car transfer service, Vip transfer service, private tours. Welcome to contact us.

[congvienmuidendo]

Con Số 6 Tỷ USD cho siêu dự án công viên mũi đèn đỏ 2020

Dự án Công viên Mũi Đèn Đỏ và nhà ở thành phố hay gọi là Saigon Peninsula được chính thức khởi động với sô vốn là 6 tỷ đô. Lễ ký kế được diễn ra ngày 3.8.2016 tại tòa nhà Times Square – The Reverie Saigon Hote giữa Công ty cổ phần Tập đoàn Vạn Thịnh Phát của Trương mỹ Lan của sở hữu những nhà đầu tư nước ngoại trừ gồm Pavilion Group và Genting Group để lớn mạnh dự án “Khu công viên Mũi Đèn Đỏ và nhà ở đô thị” (“Saigon Peninsula”) tại P.Phú Thuận, Q.7, TP.HCM.

Tụ hội những kiến trúc quốc tế độc đáo. Dự án Saigon Peninsula mang quy mô 118 ha đã được chính quyền TP.HCM chấp nhận cho Công ty cổ phần Tập đoàn Sài Gòn Peninsula làm cho chủ đầu tư và đã được chuẩn y quy hoạch tỷ lệ 1/500 sở hữu những hạng mục công trình: công viên đa chức năng, bến cảng du thuyền quốc tế, văn phòng, khu biệt thự, căn hộ, khách sạn, các khu chức năng khác cùng phổ biến hạng mục công trình hạ tầng kỹ thuật.

Dự án công viên mũi đèn đỏ 2019 được khởi công số voond 6 tỷ USD

Sài Gòn Peninsula 2020 ,Với tổng vốn đầu tư dự kiến 6 tỉ USD, các nhà đầu tư sẽ biến dự án công viên Mũi Đèn Đỏ thành nơi tụ tập của những nét kiến trúc độc đáo với tầm cỡ quốc tế và là “lá phổi xanh” hòa quyện vào không gian sông nước sinh thái hoàn hảo mang vị trí đặc thù của dự án ngay ng�� ba sông Sài Gòn và sông Nhà Bè.

Pavilion Group, có Chủ tịch điều hành Desmond Lim, là người sáng lập song song là chủ có của Pavilion Kuala Lumpur, đã và đang là đơn vị mang tầm nhìn xa trong ngành bất động sản Malaysia với thành tích khai triển phổ biến công trình xây dựng đa lĩnh vực, quản lý dự án và đầu tư dài hạn đều rất thành công. Pavilion Group sẽ giữ vai trò chủ đạo trong quy hoạch khái quát và triển khai xây dựng công trình điểm nhấn gồm trung tâm thương mại bán lẻ chất lượng cao kết hợp sở hữu khách sạn 5 sao, khu căn hộ cao cấp và villa nghỉ dưỡng sang trọng cùng những cao ốc văn phòng hạng A tại dự án Saigon Peninsula.

Thiet ke va quy hoach cong vien mui den do quan quan 7 Sài Gòn Peninsula

Phối cảnh dự án tiến độ cảu dự án công viên Mũi Đèn Đỏ – Khu thành thị Saigon Peninsula

Xây dựng cảng tàu khách quốc tế Genting Group, dưới sự lãnh đạo của ông Tan Sri Lim Kok Thay, sẽ tham dự vào việc xây dựng cảng tàu khách quốc tế của dự án. Sau lúc hoàn thành, cảng tàu khách quốc tế 200.000 GRT này sẽ là cảng tàu khách to nhất tại VN để đưa và đón du khách. Ngoài ra, hai siêu thị cơ khí và xây dựng bậc nhất của Hàn Quốc là Posco E&C và Hyundai E&C cũng đã chuẩn bị sẵn sàng tham gia thi công dự án. Các bên sẽ cộng góp kinh nghiệm, tiềm lực, tài chính đầu tư từng hạng mục lớn của dự án và cộng chung mục tiêu triển khai đồng bộ dự án.

Ngoài việc hợp tác vào Saigon Peninsula, các nhà đầu tư to kể trên hiện vẫn đang tiếp tục nghiên cứu đầu tư vào các dự án hàng tỉ USD khác tại TP.HCM, đặc biệt trong lĩnh vực hạ tầng đô thị trong thời gian tới. Sự kiện hợp tác trên sẽ đem đến 1 dung mạo mới cho ngành du lịch VN cũng như tạo thêm nguồn thu nhập và hơn 30.000 việc khiến cho mới cho người dân. Hy vọng rằng, đây cũng là bước đệm để lôi kéo các nhà đầu tư lớn khác vào đầu tư để góp phần xây dựng và vững mạnh Thành phố Ho Chi Minh city cũng như đất nước việt nam

Source :https://en.wikipedia.org/wiki/Ho_Chi_Minh_City

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https://en.wikipedia.org/wiki/Vietnam

[vietnamtrustcarrentals111]

Ho Chi Minh car rental and Ho Chi Minh car rental with driver

Vietnam Car Rental offers a good option and cost for private car rental with driver, without driver, taxi transfers, customize tour around Vietnam.

You will have a good chance to explore our nice country by a renting car with a local English speaking driver from Ho Chi Minh to Hanoi, Danang, Cantho.

Car rental in Vietnam provides a wide of range of the fleet cars from sedan 4 seat, SUV 7, minivan 16 seat, minis bus, bus, coach 45 seat. Thank you for your choosing Vietnam Trust Car Rental service so you may easily to book a private taxi to ride around Vietnam regions as Ho Chi Minh, Hanoi, Muine, Nha Trang, Dalat, Danang, Hoian, Ninh Binh, Sapa, Mekong delta and to Cambodia.

website:

ads: 497/6A Phan van Tri Street, Go Vap District, Ward 5, Ho Chi Minh city, Vietnam

hotline: +84932726644

facebook: https://www.facebook.com/Vietnamtrustcarrentals111/

twitter: https://twitter.com/trust_vietnam

linkedin: https://www.linkedin.com/in/trust-vietnam/

pinterest: www.pinterest.com/trustvietnam

youtube: https://www.youtube.com/channel/UCRP-d259aZONKciDDwpfhVg

[dichvuvietnamcarhire]

Car rental

 Vietnam Pathfinder are a private and professional car rental company, head office based in Hanoi city capital of Vietnam, we have been providing car/ van rental services in Vietnam for over 17 years now, with large choice of private car/van/bus for working, business trip, family travel, also group tours for tourist, student groups...

Customers can optionally choose hire car vietnam , vietnam car hire with driver with (7 seats), private van (16 seater), Mini-bus (29 seats) or bus (35-45 seats). Car conditions: All moderns (made in 2019-2020-2021) with air-conditioning, seat-belts  and all are new cars.

Why should you choose to Vietnam Pathfinder Car Rental Services

Our private cars and coaches are all new, from standard to Luxury vehicles, limousine vans.

Our professional car rental services 24 hours a day, 7 days a week to and from all major Vietnam airports such as Noi Bai (in Hanoi), Danang (in Danang),  Tan Son Nhat (in Ho Chi Minh city) International Airports, Phnompenh and Siemreap (Cambodia), Vientiane and Luangprabang (Laos) Yangon (Myanmar)

Our prices remain consistent, there are no hidden costs and our customers rely on guaranteed quality service.

By using our online booking service, you can be assured that our drivers will be there to greet you at the Arrivals or Pick-up address on time. Advanced 24 hours booking reservations are required if you wish to use our online booking service.

To take advantage of our excellence in taxi service and for any special arrangements, we recommend you phone or email us 24 hours before your arrival/departure.

Support: 24/7 thoughtful and professional advice. Hotline and online support

Products: Domestic and foreign tours always achieve the best quality.

Tour network: Book and pay for tours online. Latest technology application.

Payment: Online and at the company office. Links with financial institutions.

Car rental

Car 4 seats

Car 7 seats

Mini-Van 16 Seats

Mini-bus 29 Seats

Bus 35 Seats

Bus 45 Seats

FAQs Vietnam

FAQs Laos

FAQs Cambodia

FAQs Myanmar

Hire car vietnam

Vietnam car hire with driver

….

Our Transportation Services include:

Airport Transfers : Hanoi, Hai phong, Dong Hoi, Hue, Danang, Nha Trang, Dalat, Hochiminh, Can Tho, Phu Quoc

Seaport Transfers: Hai Phong, Cai lan (Halong), Tien sa (danang), Chan may (Hue), Vung Tau, Saigon

+ Long journeys departing from:  Hanoi, Hue, Hoi an, Nha Trang, Hochiminh, Can Tho

+ Long journeys cross border (Vietnam-Indochina):  Vietnam- Laos ( from Hanoi to Vientinae or Luangprabang), Vietnam-Cambodia (from Ho Chi Minh city to Phnompenh or Siemreap)

Pack your backpack and go, what are you waiting for? Exploration Vietnam always wishes to receive the support of customers and continue its direction to strengthen the quality of customer service better and better. Deserves to be a leading professional travel company in Vietnam.

Hire car vietnam , vietnam car hire with high quality driver!

For more information, please contact us:

Hanoi Head Office: 2/43/514 Thuy Khue Street, Tay Ho District, Hanoi

Tel: (84).24.3928 9776- Fax (84) 24.3928 9778

Support/ WhatsApp: (84) 913 323 977 Mr. Pham

Email: info@vietnampathfinder.com or  vnpathfinder@gmail.com

Website: www.vietnampathfinder.com

For Vietnamese: www.thamhiemvietnam.com

Working Hours: 08.30 AM - 06.00 PM ��From Monday To Saturday

Download our pictures for your brochures at: https://vietnampathfinder.com/car/

[hirecarvietnam]

Why should you choose to Vietnam Pathfinder Car Rental Services

 Tourism is the performance of a person's journey, with many specific purposes, to another place other than to settle down and return from the trip. Tourism is going to have fun, entertainment is making a trip away from the place of residence, spending money, staying overnight but always returning.

There are many forms of travel such as following a tour, self-sufficient or self-renting a tourist car... There are many travel agencies that open to meet the travel needs here and there.

In order to serve Vietnamese people visiting at home and abroad as well as for foreigners coming to Vietnam to travel. Vietnampathfinder was born with the goal of becoming a travel companion.

The unit brings up-to-date information, transparent pricing, high-quality service and reliable advice from locals. Thereby helping customers to book and travel easily.

Car rental

CAR RENTAL

Car 4 seats

Car 7 seats

Mini-Van 16 Seats

Mini-bus 29 Seats

Bus 35 Seats

Bus 45 Seats

FAQs Vietnam

FAQs Laos

FAQs Cambodia

FAQs Myanmar

Our Transportation Services include:

Airport Transfers : Hanoi, Hai phong, Dong Hoi, Hue, Danang, Nha Trang, Dalat, Hochiminh, Can Tho, Phu Quoc

Seaport Transfers: Hai Phong, Cai lan (Halong), Tien sa (danang), Chan may (Hue), Vung Tau, Saigon

+ Long journeys departing from:  Hanoi, Hue, Hoi an, Nha Trang, Hochiminh, Can Tho

+ Long journeys cross border (Vietnam-Indochina):  Vietnam- Laos ( from Hanoi to Vientinae or Luangprabang), Vietnam-Cambodia (from Ho Chi Minh city to Phnompenh or Siemreap)

Why should you choose to Vietnam Pathfinder Car Rental Services

We are a private and professional car rental company, head office based in Hanoi city capital of Vietnam, we have been providing car/ van rental services in Vietnam for over 17 years now, with large choice of private car/van/bus for working, business trip, family travel, also group tours for tourist, student groups...

Our private cars and coaches are all new, from standard to Luxury vehicles, limousine vans.

Our professional car rental services 24 hours a day, 7 days a week to and from all major Vietnam airports such as Noi Bai (in Hanoi), Danang (in Danang),  Tan Son Nhat (in Ho Chi Minh city) International Airports, Phnompenh and Siemreap (Cambodia), Vientiane and Luangprabang (Laos) Yangon (Myanmar)

Our prices remain consistent, there are no hidden costs and our customers rely on guaranteed quality service.

By using our online booking service, you can be assured that our drivers will be there to greet you at the Arrivals or Pick-up address on time. Advanced 24 hours booking reservations are required if you wish to use our online booking service.

To take advantage of our excellence in taxi service and for any special arrangements, we recommend you phone or email us 24 hours before your arrival/departure.

Pack your backpack and go, what are you waiting for? Exploration Vietnam always wishes to receive the support of customers and continue its direction to strengthen the quality of customer service better and better. Deserves to be a leading professional travel company in Vietnam.

Hire car vietnam , vietnam car hire with high quality driver!

For more information, please contact us:

Hanoi Head Office: 2/43/514 Thuy Khue Street, Tay Ho District, Hanoi

Tel: (84).24.3928 9776- Fax (84) 24.3928 9778

Support/ WhatsApp: (84) 913 323 977 Mr. Pham

Email: info@vietnampathfinder.com or  vnpathfinder@gmail.com

Website: https://vietnampathfinder.com/car/

For Vietnamese: www.thamhiemvietnam.com

Working Hours: 08.30 AM - 06.00 PM  From Monday To Saturday

Download our pictures for your brochures at: https://www.flickr.com/photos/73710026@N04/

[nha-trang-transfer-blog]

Your flight arrival at Nha Trang Airport, you would like to transfer from Nha Trang Airport to Nha Trang Center. Nha Trang Transfer Service offers you best way to Private Taxi from Nha Trang Airport to Nha Trang Center.

link: https://nhatrangtransferservices.com/tour/private-taxi-nha-trang-airport-nha-trang-central/

[muineprivatecar]

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[atravellersfootsteps]

Vietnam is home to some of the most unique scenery and landscapes in the world. From the limestone cliff formations in Ha Long Bay to the vast rice fields in Sapa or the coastal town of Hoi An. The variety of scenery will certainly leave you impressed. If you are planning a trip to Vietnam, this is everything you need to know.

Tourist Visas for Vietnam

You MUST apply for a visa to Vietnam before departure. You will not be allowed onto your flight without a Visa Approval Letter. Some countries, including the UK, are exempt, but for most people, a visa approval letter is required.

It is recommended to apply at least 2 working days before your flight. The cost of the visa approval letter is $15USD, then you have to pay an additional $25USD (government stamping fee) upon arrival to Vietnam. You will need to take a passport photos with you. If you forget you can get them at the airport for $5USD.

If you forget to apply for your Visa Approval Letter, you can still get one last minute. But it can cost up to $200 USD per person so make sure you do it in advance.

If you are planning to stay longer than 30 days or require multiple entries, you’ll need to apply for a visa directly from the nearest Embassy or Consulate of Vietnam.

Weather in Vietnam

There is not really a right or wrong time to visit Vietnam as during most months of the year you will experience both sunshine and rain in varying quantities.

Whilst Vietnam is typically warm and humid, the weather can vary significantly from one region to another due to the country’s length.  At times there has been snow in the mountainous far north whilst the beaches in the south enjoyed 32 °C and sunshine.

The weather is very different across the three regions of Vietnam.

North Vietnam – Hanoi, Halong Bay, Cuc Phuong, Mai Chau & Ninh Binh. In the North, May to October is hot and humid with high rainfall and November to April is cooler and dry.

Central Vietnam – Hoi An, Danang, Hue, Dalat, Quy Nhon & Nha Trang. In Central Vietnam experiences hot, dry weather between January & August when temperatures can hit the mid-30°C’s; whilst high levels of rainfall can occur in September, October & November.

South Vietnam – Ho Chi Minh City, The Mekong Delta, Phu Quoc & Con Dao, Phan Thiet & Mui Ne, Ho Tram & Long Hai. Southern Vietnam is generally dry and hot from November to April, and warm and wet between May & October, with the highest rainfall in June, July & August.

Phone and internet in Vietnam

You can purchase a sim card from major airports upon arrival. Expect to pay around $10USD for a sim card with unlimited data. Many other places across the country sell sim cards. Ensure the sim card is working before you leave the vendor.

Travel Insurance in Vietnam

Travel insurance is a necessity. I recommend World Nomads.

Recently, however, I arranged a new credit card that covers all my travel insurance. If you travel a lot, this is something I recommend looking into.

Currency exchange in Vietnam

You can use the Money Converter website to find out current exchange rates.

In Vietnam, the currency is Vietnamese dong and USD.

Almost every place accepts USD, so if this is the currency you are travelling with, you won’t need to worry about getting it exchanged.

I recommend having some Vietnamese dong or USD on hand for your arrival.

I didn’t notice a lot of cash exchange places. It would be best to exchange your cash in the major cities, Hanoi or Ho Chi Minh and always withdraw cash from an ATM before arriving in small destinations. When choosing to use ATMs in Vietnam, it is recommended to look into any associated fees and charges so you don’t get any nasty surprises.

Accommodation in Vietnam

There are ample options for accommodation in Vietnam, ranging from guest houses, bed and breakfasts, Airbnb, hotels and luxury resorts. In Vietnam, you will get great value for money. Booking in advance isn’t essential as there are so many options. I recommend using booking.com to search for accommodation. If you book using this link, you will receive a $25 cash back after your stay.

Flights to Vietnam

The major airports in Vietnam are Hanoi airport and Ho Chi Minh airport. If you are flying internationally,  you will likely land in one of these airports.

The airport you choose to arrive to in Vietnam will depend on the route you choose.

If you plan to travel to the North of Vietnam – Hanoi, Ha Long Bay, Cat Ba and Sa Pa, you will fly into Hanoi Airport.

If you plan to travel the South, Hoi An, The Mekong Delta, Phu Quoc & Con Dao you will fly into Ho Chi Minh Airport.

Another option would be to fly into one major airport (Hanoi) and fly out of the other (Ho Chi Minh).  If you choose to do this, I would recommend at least 2 weeks in Vietnam as although the country is small, it is very long and the distance between the two airports is 32 hours driving, so would involve a couple of overnight bus rides.

You can pre-arrange a driver to get you from the airport to your hotel or you can easily find a bus, taxi or tuk-tuk driver outside the airports in Vietnam.

Transport in Vietnam

When travelling across Vietnam, transport options include flights, bus rides, trains and motorbike.

If you are short on time, there are over 20 airports in Vietnam that you fly in and out of. Flights are frequent and generally cheap if booked in advance. The main domestic carriers are Vietnam Airlines and VietJet Air.

If you are on a budget and want more of a local experience, you may choose to get around the country by train or bus.

Most hotels can arrange your buses and you can expect to pay between $10 – $25 between destinations.

For example:

From Hanoi to Sa Pa – $15 USD

Sa Pa to Ninh Binh – $15 USD

Ninh Binh – Halong – $15USD

Halong to Cat Ba – The ferry costs $3.50 USD and $2 -$5 USD for a bus from Cat Ba Ferry to Cat Ba Town.

Cat Ba – Hanoi -$15 USD

(This was the route I travelled).

You can also get trains to most destinations in Vietnam. Trains do cost slightly more. View the Vietnam train schedule and prices here. 

If you travel Vietnam on a motorbike, expect to pay around $5USD per day for bike hire.

Planning your route around Vietnam

The route you choose to take around Vietnam will depend on the amount of time you have.

If you only have one week, you would be best to spend one week exploring the North, or one week exploring the South.

If you have two weeks, you could travel from Hanoi to Ho Chi Minh, stopping at all the hot spots in between. Alternatively, you could spend 2 weeks just in the North or just in the South of Vietnam.

If you have one month in Vietnam, you could cover a lot of the country, from the highlands in the north to the beaches of the South.

As you can see, Vietnam is a small but long country.

Highlights of Vietnam include Halong Bay, Ninh Binh and Hoi An. These are some adventurous things to do in Vietnam. 

My Route Around Vietnam

The route I travelled was from Hanoi > Sa Pa > Ninh Binh > Halong > Cat Ba > Hanoi. I covered this in 10 days, which was a perfect amount of time for this route.

Sa Pa

Sa Pa, in the far North of Vietnam, is best known for its rice fields, trekking experiences and Cat Cat village. The bus ride from Hanoi to Sa Pa takes around 6 hours and costs $15.

Ninh Binh – Tam Coc

Just outside of Ninh Binh, you will find Tam Coc. Tam Coc is home to some of Vietnams best scenery. Similar to the scenery in Halong Bay but with towering limestone formations over land instead. Tam Coc was a highlight of my trip and a destination that I recommend everyone adds to their Vietnam itinerary.

Halong

Halong Bay is perhaps the most famous destination in Vietnam and for good reasons. We stayed with Wyndham Legend Halong and it was an experience of a lifetime, highly recommend this hotel.

Cost of travelling around Vietnam

The cost of travelling around Vietnam depends on your travel style.

You can stay in luxury resorts and go to expensive restaurants, or you can get by on the cheap if you wish.

Accommodation:  The cost of staying in a hostel starts at $3-$7 for a dorm bed to $7-$15 private for a private room. For a mid-range hotel, expect to pay $25 – $40 and for luxury, anywhere above that. I recommend using booking.com to search for accommodation.

Bike Hire: Bike hire generally costs $5 – 10 USD per day, depending on your location.

Food: A meal costs between $3 – $10 depending on where and what you eat. If you are on a budget, eat local food at local restaurants. Western food always costs more. Beer costs $1 – $2.

Transport: Flights around Vietnam start at $60 and buses are generally around $10 – $25 between major locations. If you plan on flying, book in advance to get the best rates.

You could get by on a budget of 25USD per day in Vietnam if you wanted to.

Safety in Vietnam

I recommend exercising all usual safety precautions when travelling in Vietnam. Petty theft is common in tourist areas, so it is recommended to minimise the number of valuables you carry. In addition, these are my tips for keeping safe. 

For more information on the safety risk in Vietnam, visit the Smart Travellers website.

Vaccinations in Vietnam

Check the Travel Doctor website to find out what vaccinations you need when planning a trip to Vietnam.

Haggling in Vietnam

In markets, the first price you are offering is rarely the real price, so don’t be afraid to counteract with an offer.

Key Phrases

Vietnamese is the main language in Vietnam. In tourist areas, some people speak English. Outside of tourist areas, it can be very challenging. Learning at least a few key phrases can be helpful and appreciated by locals.

Hi – Xin Chào

Thank you – Cam On

How much –  Bao nhieu?

Bye – Tam Biet

Sorry – lay làm tiec

Other things to know when planning a trip to Vietnam

Don’t drink the tap water in Vietnam.

Be prepared for quick changes in the weather

Tips aren’t expected but they go a long way.

The language barrier can be challenging.

Here are 15 more things you need to know before visiting Vietnam.

Overseas Travel Checklist

  Planning a trip to Vietnam? This is EVERYTHING you need to know Vietnam is home to some of the most unique scenery and landscapes in the world. From the limestone cliff formations in Ha Long Bay to the vast rice fields in Sapa or the coastal town of Hoi An.

[asiaticatraveldeutsch]

Reisen ist immer ein wichtiger Teil des Leben der Menschen. Durch Reisen kann man sich nicht nur geistig sondern auch körperlich erholen. Und seit Langem wird Vietnam – das Land, das sich im Südostasien befindet, mit schönen wilden Landschaften, einer großen Vielfalt von 54 Volksgruppen, Kulturen und Traditionen ein passendes Reiseziel für Touristen aus allen Ecken der Welt. In diesem Artikel möchte ich Ihnen die wichtige Dinge mitteilen, bevor Sie nach Vietnam reisen.

Wann ist die beste Reisezeit nach vietnam?

Ich kann nicht sagen, wann die beste Zeit ist, Vietnam zu bereisen. Dieses Land hat eine lange S-Form mit über 2.000 Meilen Küstenlinie. Das Wetter ist hier von Region zu Region sehr unterschiedlich.

Grundsätzlich kann Vietnam in vier große Klimaregionen unterteilt werden:

Northern Mountains: Es gibt zwei trockene Jahreszeiten (von Oktober bis März) und Regenzeiten (von April bis September). Die beste Zeit, um diesen Teil von Vietnam zu besuchen, ist während der Trockenzeit, aber beachten Sie, dass im Dezember und Januar das Wetter sehr kalt sein kann.

Ebenen von Nordvietnam: Es gibt hauptsächlich zwei Jahreszeiten. Der Winter zeichnet sich durch geringe Niederschläge aus, aber niedrige Temperaturen und heißere Sommer, feuchteres Wetter und häufigere Regenfälle dauern von April bis September.

Zentral: Das Klima ist hauptsächlich in zwei Jahreszeiten unterteilt: heiße und trockene Jahreszeit und Regenzeit. Die höchste Temperatur im Jahr tritt normalerweise in der Trockenzeit von Ende Januar bis Ende August auf, die feuchten Monate und die höchsten Niederschläge sind Oktober und November.

Süden: In diesem Teil von Vietnam hat sich die Temperatur im Laufe des Jahres kaum oder gar nicht verändert. Die Regenzeit dauert von Mai bis November mit dem Monat mit dem meisten Kauf ist August.

Wenn Sie nach Vietnam reisen, sollten Sie, je nachdem, wohin Sie fahren möchten, das Wetter genau berücksichtigen, um die passende Reisezeit zu wählen.

Weitere Informationen über das Wetter in Vietnam

Visum Vietnam: nach Vietnam reisen ohne Visum, warum nicht?

Im Juni 2015 beschloss die vietnamesische Regierung, auf Visa für Besucher mit weniger als 15 Tagen Aufenthalt zu verzichten. Diese Reise hat Glück, dauert nur 14 Tage, also ist der Visumantrag ausgenommen.

Für einen längeren Aufenthalt ist das Visum für 30 bis 90 Tage gültig und Sie können auf zwei Arten ein Visum beantragen:

Vietnamesisches Beratungsbüro: Sie können ein Visum beantragen, indem Sie ein Antragsformular (von der Website herunterladbar), Reisepass, Reisepass und Kopie einreichen. Banküberweisung (ca. 125 Euro inklusive Visa-Kosten und Versandkosten). Dokumentenrückgabezeit: 15 Tage.

Einladungsschreiben: Das am häufigsten verwendete Verfahren, über das das Internet an die professionellen Agenturen Vietnams geschickt wird, wird am Flughafen (bei der “Visagebühr” -Tabelle) mit dem Passfoto vorgelegt. . Briefmarken werden dann im Pass für 50-60 Euro ausgegeben.

Wenn Ihre Reise mehr als einen Zwischenstopp in Vietnam hat (zum Beispiel, Sie gehen nach Hanoi, dann fahren Sie nach Laos oder Kambodscha und dann zurück), müssen Sie ein teureres Einreisevisum kaufen als das einzelne Visum. Um zu allen notwendigen Visa Informationen zu verlinken.

Visum

  Reiseziele für eine Reise nach Vietnam

Das einzige wirkliche Problem, als ich eine zweiwöchige Reise abhielt, war: Wohin gehe ich? Wie organisiere ich Ziele? Reiseziele mit Landkarte besser kennen zu lernen.

Reisen nach nordvietnam:

Sapa: befindet sich in der bergigen Region Nordvietnams. Leider habe ich keine Zeit dort hin zu kommen. Es gibt Bergdörfer, Reisfelder, atemberaubende Landschaften und Übernachtungen in den Häusern von ethnischen Minderheiten in Vietnam. Spezialitäten in Sapa.

Hanoi: die Hauptstadt von Vietnam. Die Essenz des echten Vietnam und eine neue und alte Mischung. Verpassen Sie nicht den Besuch der Altstadt mit der wunderschönen Küche, des French Quarter, des Ho-Chi-Minh-Mausoleums, des Literaturtempels und des Hoan-Kiem-Sees.

Halong Bucht: Dieses UNESCO-Erbe ist ein Naturparadies im Land mit Kalksteinbergen, natürlichen Höhlen und Stränden. Die Gäste können Bootsausflüge für ein oder zwei Nächte im Resort nicht auslassen, zum Wandern oder Kajakfahren.

Halong Bucht

Ninh Binh ist einer der nächstgelegenen Orte in Hanoi, mit vielen Parks und Naturschutzgebieten, und ist von den typischen Kalksteingipfeln der vietnamesischen Landschaft geschmückt. Es ist auch berühmt für Bootsfahrten auf dem Fluss (Tam Coc, Trang An)

Reisen nach zentralvietnam:

Hue: Hue Stadt ist ein kulturelles Erbe der UNESCO berühmt mit vielen Kaisergräbern, der umliegenden Nachbarschaft.

Hoi An: Lantern City gilt als ein Juwel von Südostasien. Hoi An ist berühmt für seine Altstadt, schöne Strände und touristische Sehenswürdigkeiten (Ngu Hanh Son, My Son Holy Land). Hoi An beliebte Gerichte.

Hoi An – schöne Laterne

Reisen nach südvietnam:

Nha Trang: Die Küstenhauptstadt von Vietnam. Backpacker sind eifrig für ihr lebhaftes und lautes Nachtleben. Wie man in Nha Trang richtig essen söllte.

Ho Chi Minh Stadt: ist eine wundervolle moderne Stadt. Ein interessantes Erbe der alten Kultur und der großen Zerstörung.

Mekong Delta: Es gibt eine Kreuzung zwischen dem Boden und dem Fluss. Berühmt für schwimmende Märkte, kleine Flüsse, große Felder. Frühstuck im schwimmenden Markt.

Mekong Delta

Vietnam ist ein völlig neues und aufregendes Reiseziel, wenn Sie etwa 3 Wochen oder länger Zeit haben, dieses Land zu erkunden. Es hängt von der Reihenfolge Ihrer Reise ab. Ob von Norden nach Süden oder umgekehrt, nutzen Sie die Zeit, um so viele Plätze wie möglich zu bekommen, auch wenn Sie durch ein bestimmtes Land gehen und die Rast genießen. wecke es!

Transportmittel für Inlandsreisen

Vor allem, wenn Sie ein paar Wochen nach Vietnam reisen, ist Vietnam ein tolles Land für Abenteuerreisen, keine Reservierungen und keine vordefinierte Reiseroute.

Der Zug ist eine Sparlösung. Du kannst die Nacht durchschlafen und wenn du aufwachst, bist du nach Sapa gekommen. Denken Sie jedoch daran, dass das Reisen mit dem Zug viel Zeit in Anspruch nimmt.

Es ist nicht möglich ein Auto in Vietnam zu mieten, da die deutschen und internationalen Führerscheine nicht anerkannt werden. Die einzige Lösung ist, ein privates Auto mit einem Fahrer zu mieten.

Taxis sind sehr viel und sogar viele Firmen versorgen nur eine Stadt. Eine 10-minütige Fahrt kostet ca. 3/4 Euro.

Inlandsflüge sind der schnellste, billigste und sicherste Weg, um durch Vietnam zu reisen, besonders wenn Sie Transportzeit sparren möchten.

Inlandsflüge

Inlandsflüge sind die erste Sache, wenn Sie weniger Zeit, mittlere Budgets und moderate Bedürfnisse haben. Es gibt drei große vietnamesische Unternehmen, die fast immer in eine normale Nord-Süd-Reise eingebunden sind:

Vietnam Airlines ist eine führende Fluggesellschaft, die Gepäcktransportdienstleistungen umfasst.

Vietnam Airlines

Viet Jet ist ein neues privates vietnamesisches Unternehmen, das keine Gepäckdienstleistungen anbietet, aber gesonderten Zahlungsbestimmungen unterliegt.

Jet Star Pacific, ein australisches Unternehmen, enthält kein Gepäck, das versandt wird, sondern separat bezahlt werden muss.

Interne Straßen kosten im Durchschnitt zwischen 40 und 100 Euro, je nachdem, wo Sie hinfahren, wann Sie Ihr Ticket buchen und wie viel Gepäck Sie dabei haben. Bedenken Sie, dass Inlandsflüge oft um eine oder zwei Stunden verspätet sind.

Übernachtung in Vietnam

Vietnam bietet alle Arten von Hotels, Motels für alle Bedürfnisse: große, luxuriöse und moderne Hotels; Strandresort; Öko-Lodge in den Vororten; kleines Hotel; Ferienhäuser, Schlafsäle und sogar Übernachtungen in Dörfern ethnischer Minderheiten.

Unten bin ich die Seite des Hotels und Motels, das ich auf der Reise war. Ich werde sie nicht beschreiben, weil alle Informationen, die detaillierter und aktueller sind als meine Posts, alle auf der referenzierten Seite sind. Hier sind einige schöne Auswahl zu empfehlen.

Hanoi – Quoc Hoa

Halong – A class Cruise

A Class Cruise

Mai Chau – Mai Chau Ecolodge 4 Sterne

Sapa – Sunny Mountain Hotel 

Hue – Emm Hotel Hue

Hoi An – Hoi An River Green Boutique

Hoi An – River green boutique Hotel

Sai Gon – Au Lac 2 Hotel

Can Tho – Iris Hotel

Kulinarische Kultur in Vietnam

Wenn Sie nach Vietnam reisen, söllten Sie unbedingt Vietnams Street Food probieren. Wegen die große Vielfalt von Lebensmittel, Gewürze und Kochrezepte ist Vietnam ein Paradies für Food-Liebende.

Wir erleben die lokale Küche, um der Kultur und den Werten eines Volkes näher zu kommen. Ich glaube fest daran, dass sich die Natur der Nation in ihrer kulinarischen Kultur widerspiegelt. Gleichzeitig bietet dieser Aspekt eine Fülle von Informationen zu Kultur, Religion, wirtschaftlicher Situation und sozialer Wohlfahrt.

In Vietnam, noch mehr an anderen Orten, ist Essen eine Kombination aus Kultur und Tradition. In Asien und Vietnam ist keine Ausnahme, die Schaffung enger Verbindungen mit der Gemeinschaft und Teilen ist der Schlüssel zum Erfolg eines Landes, das wiederholt überfallen wurde.

Bun Cha – Reisnudeln mit gegrillten Schweinefleisch#

Top 5 Restaurants in Hanoi

Impfstoffe für Krankheiten und Umwelt in Vietnam

Der obligatorische Impfstoff, der nur in Vietnam erhältlich ist, ist Gelbfieber, wenn Sie aus einem Land kommen, in dem die Krankheit auftritt. Sie sollten nur drei Arten von Impfstoffen machen: Tetanus, Hepatitis A, Typhus. Die Malaria-Vorsorgeoption, die derzeit recht teuer ist, deckt die Risiken nicht vollständig ab und ist oft mit schrecklichen Nebenwirkungen verbunden. Die beste Lösung ist, dass Sie lange Kleidung tragen sollten, vermeiden Sie feuchte Orte.

Wichtigsten Erfahrungen in der Checkliste wenn Sie nach Vietnam reisen

Denken Sie daran, Ihre Gesundheit zu bewahren und jedes Mal Sonnencreme aufzutragen, wenn Sie nach Vietnam reisen.

Im August ist das Wetter nicht nur heiß sondern auch sehr trocken. Nehmen Sie auf jeden Fall eine Flasche Wasser mit und fügen Sie Ihrer Mahlzeit während Ihrer Reise regelmäßig Obst hinzu.

Entspannen Sie sich und genießen Sie die Aussicht auf die Orte, genießen Sie jeden Ort, durch den Sie gehen. Hetzen Sie nicht zu viel, also geben Sie nur Müdigkeit.

Motorräder sind ein beliebtes Fahrzeug hier. Machen Sie sich also mit diesem Fahrzeug vertraut, um es einfacher zu machen.

Kaffee ist eine Spezialität! Vietnam ist ein großes Kaffeeland und es gibt viele Möglichkeiten, es zu mischen. Genießen Sie eine Tasse vietnamesischen Kaffee und fühlen Sie es.

Kaufen Sie einen Hut! Der Kegel ist nicht nur ein symbolisches Bild von Vietnam, Geschenk für Reise nach vietnam, sondern kann auch Regen-, Sonnenschutz bei jedem Spaziergang oder Fahrradtour abdecken.

Mieten Sie ein Fahrrad und einen Roller. Es gibt nichts Besseres, als Vietnam mit diesen beiden Mitteln zu entdecken.

Sei hier offen und freundlich zu den Menschen. Sie werden nicht zögern, wenn Sie sie nach etwas fragen. Die vietnamesischen Leute sind freundlich, gastfreundlich und bereit, Ihnen ein Lächeln zu geben, helfen Sie jederzeit.

Wenn Sie Kindergruppen in touristischen Destinationen treffen, sind sie wahrscheinlich in wenigen Minuten mit Ihnen in Kontakt. Vielleicht wollen sie dir nichts verkaufen, nur um die Sprache zu üben.

Geh selbst. Planen Sie das Notwendige, folgen Sie nicht der Karte. Vietnam ist ein sicheres und schönes Land und Sie wollen hier einfach alles Land aufhalten.

Möchten Sie zukünftig eine Reise nach Vietnam machen? Dann besuchen Sie Asiatica Travels Seite

The post Wichtige Dinge bevor Sie nach Vietnam reisen appeared first on Reise Vietnam Kambodscha Laos.

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BUSINESS IN BRIEF 9/1 – News VietNamNet

Vingroup, T&T to develop urban railway projects in Hanoi

The government of Hanoi City has proposed the Prime Minister allow Vingroup and T&T Group to develop three urban railway projects which the city plans to complete by 2025, Tuoi Tre newspaper reports.

The two domestic investors will use their capital to make pre-feasibility studies for these projects.

When the projects were announced, many investors expressed interest in Hanoi. However, only Vingroup and T&T Group have registered to take part.

Both of them proposed implementing the projects in the build-transfer (BT) format. Particularly, Vingroup registered to build the 38.4-kilometer metro line No. 5 which connects Van Cao and Hoa Lac and metro line No. 2 from Tran Hung Dao to Thuong Dinh with a length of 5.9 kilometers. Meanwhile, T&T Group is keen on metro line No. 4 connecting Me Linh, Sai Dong and Lien Ha, and measuring 54 kilometers in length.

The two investors said they would use their own finances to study the feasibility of the projects and hand over pre-feasibility and feasibility studies to the city government in case they do not become official investors of the projects.

After the PM’s approval is forthcoming, the city will ask investors to quickly hire foreign consulting firms. These projects are expected to be submitted to the PM for consideration and the National Assembly for approval this year.

Bio-fuel consumption makes up 30% of gasoline sales in HCMC

The consumption of bio-fuel E5 accounts for a mere 30% of total gasoline sales in HCMC as consumers have yet to trust the quality of this type of gasoline, a mixture of 95% RON 95 gasoline and 5% ethanol.

Fossil fuel RON 92 has been completely replaced by E5 three days ago.

Fuel retailers ascribed the small consumption of E5 to the consumer’s reluctance to switch to using it for fears that it might negatively affect the engines of their vehicles. They said the demand for RON 95, a higher-grade type of gasoline, had surged.

The price of E5 is VND1,000-1,200 per liter lower than RON 95.

According to fuel retailers, a bigger difference in price might help boost bio-fuel sales. But consumers are not yet confident in the quality of E5.

A leader of a local fuel retail firm said a majority of consumers prefer RON 95 to E5. In the past, the oil price was more than US$100 per barrel, so it was reasonable to make bio-fuel. But it is now lower than US$60 per barrel, making bio-fuel production commercially unviable.

He added drivers of taxis and commercial vehicles are regular customers of the bio-fuel.

According to the Australian Federal Chamber of Automotive Industries, the bio-fuel is not suitable for all vehicles but old models such as Audi A3 1.8L produced in 2000, Ford Laser prior to 1986, and GM Daewoo which are widely used in Vietnam.

Bui Xuan Vu, deputy general director of Saigon Fuel JSC, was quoted by news website Zing as saying that the lower-than-expected consumption of the bio-fuel is due to low consumer confidence.

Stock market cap equivalent to 70.2% of GDP

The stock market capitalization in 2017 was equivalent to 70.2% of Vietnam’s gross domestic product (GDP), meeting the Government’s target.

According to Minister of Finance Dinh Tien Dung, many big corporations launched their shares on the stock market, sending the stock market capitalization surging.

The VN-Index of the Hochiminh Stock Market (HOSE) closed the year 2017 at 984 points, up 48% from the previous year. Liquidity on the stock and bond markets picked up 65% and 39% respectively.

Listed businesses reported respective rises of 18% and 23% in revenue and profit in January-September last year.

The stock market grew as a channel to mobilize mid- and long-term capital for the Government and contributed greatly to the equitization of State-owned enterprises, the divestment of State holdings in enterprises, and attraction of foreign direct investment capital.

The market for unlisted public companies (UPCoM) grew strongly. The total capitalization of companies on UPCoM hit more than VND603 trillion (US$26.56 billion), double the figure in end-2016. The Hanoi Stock Exchange (HNX) saw its market capitalization leaping 45% year-on-year.

On average, transaction volume soared 35% and transaction value jumped 71% year-on-year.

The Ministry of Finance said it will speed up the merger of HNX and HOSE, and restructure the stock, bond and derivatives markets.

HCMC to invest VND29 trillion in public projects

The government of HCMC will spend VND29 trillion on public investment projects in the first few months of this year.

Of the amount, VND4.88 trillion will come from official development assistance loans, VND2.52 trillion from the city budget as reciprocal capital for ODA-funded projects, and VND540 billion from the city budget for public-private partnership (PPP) projects.

In the first tranche of funding this year, city departments and districts in their capacity as supervisors of project developers will be responsible for disbursing capital and giving assignments to project developers.

To make sure capital disbursements will be on time, the city government told directors of departments and leaders of districts to sign an agreement in which half of the capital needed must have been disbursed by late July. If the disbursement target is missed, they would be held accountable.

At a conference on socio-economic development plans and budget estimates this year held by the city government on January 2, the secretary of the HCMC Party Committee, Nguyen Thien Nhan, said the city’s daily budget collections last year totaled VND1.11 trillion, excluding Sundays. The city accounted for nearly 28% of the country’s State budget revenue.

The city’s gross regional domestic product (GRDP) last year grew 8.25%. Agriculture grew 6.3% at some VND19.4 trillion.

In 2017, the city beat its budget collection target.

This year, the city will focus on piloting a special mechanism already approved by the National Assembly, enhancing the quality of growth and the competitiveness of the city, creating a favorable and fair business environment, and encouraging innovations and startups.

In addition, the city will drastically streamline administrative procedures and boost e-government development. Another mission is to develop HCMC into a smart city in the 2017-2020 period with a vision towards 2025 to better serve residents and enterprises. 

The city will also downsize the State apparatus while ensuring its efficiency and improving the quality of officials and civil servants.

Vietnam pays US$10.5-billion debt as of mid-December

Vietnam had spent VND238 trillion (nearly US$10.5 billion) to pay debt, including VND147.6 trillion in principals and VND91 trillion in interest, as of mid-December, according to data of the General Statistics Office (GSO).

This is part of the State budget expenditure that totaled more than VND1,210 trillion as of mid-December. The State also spent VND862 trillion on regular expenditures and VND259 trillion on development investments.

On the other hand, State budget revenues in the year to mid-December reached more than VND1,100 trillion, meeting 91.1% of the full-year target. Domestic revenues contributed the most to the State budget with more than VND871 trillion, followed by import and export taxes with VND183.8 trillion, and crude oil exports worth VND43.5 trillion.

According to GSO, tax collections from industry, trade and service contributed VND167.5 trillion to the State budget, while foreign-invested and State-owned enterprises contributed nearly VND154 trillion (excluding crude oil) and VND196.5 trillion respectively.

The budget deficit is estimated at VND115.5 trillion as of mid-December.

According to a debt payment plan released in May, the Government had plans to borrow more than VND342 trillion (US$15 billion) to pay debts this year, US$5 billion less than that of last year.

The money mainly comes from domestic sources with VND243.3 trillion, and official development assistance (ODA) and foreign preferential loans with nearly VND98.8 trillion. Some VND172.3 trillion is used to cover the budget deficit while VND144 trillion used for loan principal payment, VND316.3 trillion for budget allocation and nearly VND25.8 trillion for on-lending.

Khanh Hoa, Danang still popular among Chinese tourists

Khanh Hoa Province and Danang City, which are both attractive to Chinese tourists, are forecast to receive a large number of tourists from the neighboring country next year, administrators and tour operators said.

According to the Khanh Hoa Department of Tourism, more than 1.11 million Chinese tourists visited this south-central province in January-November last year, posting a record growth rate of 130% against the same period last year.

Many travel firms said they are waiting for the new international terminal at Cam Ranh Airport in the province to be put into service so that they can operate more chartered flights. This airport is being overloaded, so many flights from China must be operated at night.

Nguyen Van Thanh, vice chairman of the Nha Trang-Khanh Hoa Tourism Association, said the Chinese market has grown steadily in recent years. He referred to the forecast of some enterprises, saying the number of Chinese tourists may increase to almost two million next year if the new terminal is operational on time.

As for the central city of Danang, China is the second biggest market after South Korea. There are currently 15 air routes between China and Danang with up to 100 flights a week, mostly chartered flights.

Danang welcomed around 700,000 visitors from China last year and may see more this year.

Tran Chi Cuong, deputy director of the Danang Department of Tourism, said Chinese tourists may flock to his city this year as a result of APEC Vietnam 2017 taking place there last month. After such a successful event, many firms have come to explore tourism services.

“Chinese tourists in Danang will surge this year. The increase may be approximately 200,000,” Cuong said.

Last year, Danang catered to over 2.3 million international arrivals, a 36.8% rise against 2016. Two-thirds of these, equivalent to nearly 1.7 million arrivals, come from South Korea and China.

Data of the Vietnam National Administration of Tourism showed that China remained the biggest visitor-generating market for Vietnam’s tourism in January-November with more than 3.59 million arrivals, up 44.9% year-on-year.

Saigon Newport handles around 6.8 million TEUs last year

Saigon Newport Corporation (SNP) handled an estimated 6.8 million twenty-foot equivalent units (TEUs), or 90 million tons of cargo last year, a year-on-year rise of 13.6%.

SNP deputy general director Phung Ngoc Minh said at a conference in the Mekong Delta province of Dong Thap last week that cargo throughput at the corporation’s ports accounts for 50% of the nation’s total, and 92.5% of HCMC’s.

“At the Cai Mep-Thi Vai deep-sea port complex alone, for example, our operations make up roughly 72%,” Minh said at the conference on logistics development in the Mekong Delta’s transport sector.

He added Tan Cang-Cai Cui Port in the Mekong Delta city of Can Tho has handled 33 container vessels of 44,700 TEUs through the newly-opened Quan Chanh Bo Canal into the Hau River of Tra Vinh Province since 2016.

“The transport volume through our waterway and road systems has reached 71,000 TEUs in the Mekong Delta,” he said.

He added SNP has managed and developed five ports in the Mekong Delta, namely Tan Cang-Sa Dec, Tan Cang-Cao Lanh (Dong Thap Province), Tan Cang-Thot Not, Tan Cang-Cai Cui (Can Tho City), and Tan Cang-Giao Long (Ben Tre Province).

“We will start work on a deep-sea port called Hon Chong in Kien Giang Province early next year,” he said, adding the port would bolster growth in the local tourism sector, and facilitate goods transport, and logistics services for the oil and gas sector.

The corporation is pursuing its strategy based on three business cornerstones – port operation, logistics services, and sea services, according to its deputy general director. Therefore, SNP has developed a port system from the north to the south.

HCMC exports heavily reliant on FDI firms

Although HCMC achieved rapid industrial and export growth last year, the city still heavily relies on foreign direct investment (FDI) in these business areas.

According to a report by the HCMC Department of Industry and Trade, the city’s total exports in 2017 were estimated at US$35.2 billion, up 15.1% compared to the same period last year. Excluding crude oil, the export figure may still hit US$30 billion, up 12% year-on-year. 

The city’s industrial production index, an economic indicator that measures the real production output of manufacturing, mining, and utilities, increased from 7.25% last year to 8.48% last year.

Industrial production and exports have contributed greatly to the city’s economic development. However, they have been heavily dependent on the FDI sector.

FDI firms make up more than 50% of the city’s industrial production and nearly 63% of the city’s total exports. Particularly, they account for more than 99% of total exports of hi-tech products.

Besides, the weak cooperation between FDI and local firms has resulted in unsustainable industrial development. 

Logistics, a driving force for industry and trade growth, is still underdeveloped. Most local logistics firms are smaller and weaker than foreign rivals.

Textile-garment exports exceed EAEU limit

Vietnam’s textile and garment exports to the Eurasian Economic Union (EAEU) have exceeded trigger levels, or the total amount subject to preferential tariffs allowed into EAEU markets for this year, the General Department of Vietnam Customs said on its website.

According to the Ministry of Industry and Trade, the Department of Domestic Market Protection of the Eurasian Economic Commission has announced that 173.3 tons of underwear and 112.7 tons of children’s clothes from Vietnam had been shipped to EAEU in the year to end-October, exceeding the trigger levels for this year in accordance with a free trade agreement between Vietnam and EAEU.

The agreement also stipulates that the union can slap safeguard duties on products beyond trigger levels within six months upon the shipment. In case the trigger levels are breached, Vietnamese underwear and children’s clothes will not be entitled to preferential tax and will be imposed Most Favored Nation (MFN) import duties.

Ministry seeks investors for North-South Expy project

The Ministry of Transport has issued a decision calling for public-private partnership (PPP) investment totaling nearly VND104.1 trillion (US$4.58 billion) in eight sections of the North-South Expressway in 2017-2020.

The investment will include some VND40.4 trillion from the State budget, according to Decision 3535 signed by Minister of Transport Nguyen Van The.

Eight sections of the expressway comprise four in the north namely Mai Son – Highway 45, Highway 45 – Nghi Son, Nghi Son – Dien Chau, and Dien Chau – Bai Vot, and four in the south namely Nha Trang – Cam Lam, Cam Lam – Vinh Hao, Vinh Hao – Phan Thiet and Phan Thiet – Dong Nai. All these sections will be implemented under the build-operate-transfer (BOT) format.

The 98-kilometer Phan Thiet – Dong Nai section will need the most investment, nearly VND19.6 trillion, and the Nha Trang – Cam Lam section with a length of 29 kilometers may require the least amount, over VND5.1 trillion.

The Ministry of Transport is conducting feasibility studies for the eight sections whose construction is expected for completion in 2021.

According to the ministry, the eight sections are aimed at meeting transport demand. The expressway, when in place, will help connect three key economic regions, thus bolstering the country’s socio-economic development.

Last month, the National Assembly passed a plan to develop the North-South Expressway to the east of the country.

Accordingly, 654 kilometers of the road will be built between 2017 and 2020. The total cost of the project is estimated at over VND118.7 trillion including VND55 trillion in State capital from the mid-term investment fund for major projects and the remaining VND63.7 trillion from the private sector.

The National Assembly asked relevant agencies to prepare plans for recovering investment capital for those components financed by public capital, and have mechanisms to supervise and use investment capital efficiently. As for project components under the PPP format, such agencies were required to overcome drawbacks of the investment mode.

Site clearance will be done to make room for a six-lane road, except for the Vung Ang (Ha Tinh)-Tuy Loan (Danang) section which will have four lanes and some sections leading to economic centers which will have eight lanes.

Ben Tre sees investments up ten-fold

The Mekong Delta province of Ben Tre has attracted a staggering VND22.5 trillion (US$990.8 million) in domestic investment and around US$400 million in foreign direct investment (FDI), which is a ten-fold increase over 2016, the provincial Department of Planning and Investment said.

Local investors have embarked on 51 new projects, and have injected more money into 10 existing projects this year.

Meanwhile, foreign investors have been involved in five new projects, and have poured extra capital into four other operational projects.

The large-scale FDI projects include the Binh Dai-Ben Tre wind farm worth over US$180 million, the Nexif Energy Ben Tre wind farm valued at US$160 million, and the Family Vietnam textile factory (US$11.9 million).

As many as 72 investors or groups of investors at home and abroad have sounded out business opportunities in the province in 2017.

Currently, the province is home to 188 valid domestic projects worth more than VND37.7 trillion (US$1.65 billion), and 52 FDI projects capitalized at over US$843 million.

International tourists contribute half of tourism revenue

International tourists to Vietnam accounted for only one-sixth of domestic tourists last year but contribute up to 58% of total tourism revenue, which amounts to VND510.9 trillion, or roughly US$22.5 billion.

Of such an amount, which is VND110 trillion higher than 2017 figure, 90% comes from pure tourists.

According to the Vietnam National Administration of Tourism, after the record number of over ten million international tourists in 2016, 2017 set a new record as the country has catered to 13 million international and 73.2 million domestic tourists.

Tourist hotspots of the country such as Danang, Quang Ninh, Kien Giang and HCMC have welcomed more international tourists this year, with 6.6 million tourists (up 19%), 9.87 million tourists (18%), 6.07 million tourists (up 7.8%) and 6.38 million tourists (up 22.88%) respectively.

The year also witnessed strong growth in tourist lodging facilities when 1,000 more places offering accommodation to tourists are put into service, raising the total number of such places to 25,600 with more than 508,000 guest rooms. Of these, there are 116 five-star hotels, 259 four-star hotels, and 488 three-star hotels.

Vietnam’s national tourism authority is planning to carry out many promotion and personnel training activities next year, including attending 13 travel fairs around the world, and the organizing of roadshows in Europe, Russia, China, Japan, South Korea, Australia and New Zealand. International travel agents and media will also be invited to Vietnam to explore local tourism products and destinations.

The country expects to attract 15.5-16 million international tourists and 78 million domestic tourists thí year. It also targets VND620 trillion in tourism revenue.

HCMC firms step up investment in supporting industries

Many industrial enterprises in HCMC have invested dozens of millions of U.S. dollars in supporting industries to participate in the supply chains of foreign direct investment (FDI) firms, especially those in electronics and auto sectors.

According to experts, the HCMC engineering industry holds high potential, offering numerous opportunities for those local firms wanting to engage in supporting industries.

Take the auto sector for example. Mercedes has plans to boost auto manufacturing in Vietnam to supply the Southeast Asian market, while other firms such as Daehan Motors, Vinh Phat Motors and Samco have penetrated into the Vietnamese market. Such a trend will result in higher demand for parts, thus boosting supporting industries.

According to the HCMC Department of Industry and Trade, many engineering enterprises have invested heavily in modern production lines including Saigon Industry Corporation, Lap Phuc Precision Mold Making Company and Mechanical and Industrial Construction JSC.

In addition, some companies have spent huge amounts of capital on production lines for hi-tech supporting industries at industrial parks and export processing zones in the city. Particularly, EChigo Vietnam JSC has poured nearly US$11 million into a high precision mold manufacturing project to manufacture 240 precision molds and 100 million parts a year.

Meanwhile, THT Precision Engineering Co Ltd has spent US$12 million on a project to develop precision engineering products for hi-tech machines and engines with an annual capacity of 600,000 drive shafts.

Besides, APC Industry Corporation has invested US$7.5 million in a plant to manufacture hi-tech support equipment such as motors, electric generators, transformers and electricity distribution and control equipment.

Up to date, the city has had two enterprises chosen to supply parts for Samsung, namely Hiep Phuoc Thanh Production Co Ltd and Minh Nguyen Supporting Industry JSC.

Electronics manufacturers in HCMC have high demand for electronic components, circuits, and measurement and optical devices. However, they have to import parts to serve local production, mainly from China, Taiwan, South Korea and Singapore.

According to the HCMC Department of Industry and Trade, the city’s Index of Industrial Production (IIP) this year may accelerate by 8.48% over last year, higher than 7.25% last year versus 2015.

The city has set a target of maintaining the growth rate of 8-8.5% next year, in which processing and manufacturing industries will post 8.2% year-on-year growth.

Toyota Vietnam recalls over 8,000 Corolla cars

Toyota Motor Vietnam (TMV) on December 27 began to recall 8,036 Corolla cars manufactured in Vietnam to inspect and replace defective inflator modules of the front passenger airbags which may cause injury for passengers.

According to Toyota Motor Corporation (TMC), these cars were manufactured between July 14, 2008 and December 31, 2009.

TMC said the reason for its recall is that the inflators of front airbags supplied by Takata might be made improperly, allowing moisture to intrude over time.

Improperly manufactured propellant wafers could cause the inflator to rupture and the front passenger airbag to deploy abnormally in a crash and may seriously injure passengers.

TMV will check and replace affected airbag inflators free of charge at Toyota garages nationwide. Airbags of other suppliers are not affected.

Checking and replacing the inflator module will take about half an hour to three hours depending on each model.

For Corolla cars which were not officially imported by TMV, the company will contact TMC to confirm information if it receives requests to check airbag inflators from customers. Once TMV gets official approval from TMC, it will replace defective airbag inflator modules at no charge.

TMW had earlier recalled thousands of imported Corolla and Yaris cars and domestically manufactured Vios cars for the same reason, taking the total number of Toyota cars involved in the program to more than 30,000 units.

Auto firms still at odds over import conditions

Major players in the auto industry are still at odds over new conditions on auto imports though such rules will take effect in the next couple of days.

Some auto firms and the auto association have written to the Government, with two major firms upholding the new rules as fair and workable while most others are skeptical to Decree 116/2017/ND-CP on manufacture, assembly and import of autos. The new rules also set conditions on auto warranty and maintenance services that shall come into force from January 1, 2018.

The decree stipulates that auto importers must have a written certificate or document proving that they are authorized to represent foreign auto manufacturers or assemblers to recall imported autos with defects. When granted an import license, importers must maintain business conditions and assure their fulfillment of liabilities involving warranty, maintenance and recall of imported autos in line with the decree.

The Vietnam Automobile Manufacturers Association (VAMA) said the decree will kill small and unauthorized importers, and has written to the Prime Minister and ministries asking for amendment.

VAMA said it will be time-consuming and costly for importers to obtain such certificates from foreign automakers, as well as warranty and maintenance certificates issued by Vietnam Register.

In a document sent to Minister and Chairman of the Government Office Mai Tien Dung in mid-December, VAMA proposed delaying Decree 116 by at least six months.

VAMA also proposed scrapping the regulation that requires auto importers to provide the scanned copies of the quality certificates for their imported autos issued by competent authorities in exporting countries. Besides, a regulation requiring that auto importers must have an auto test road with a minimum length of 400 meters before April 17, 2019 is also hard to meet.

However, some other domestic auto manufacturers and assemblers support the decree, saying that it will protect consumers and domestic automakers, thus developing the domestic auto industry.

Truong Hai Auto Corporation (Thaco) as the biggest player on the domestic market said regulations in Decree 116 are practical and workable. According to Thaco, quality certificates will protect consumers by preventing the import of substandard autos while gas emission inspections for each auto shipment will help protect the environment.

In a document sent to the Prime Minister, Thanh Cong Group JSC also echoed the point, reaffirming its support for the decree whose strict regulations on auto manufacture, assembly, import and maintenance services would ensure fair competition between importers and domestic automakers.

Vietnam seen as significant growth market for MHI

Mitsubishi Heavy Industries (MHI) has underscored the significant role of Vietnam in the Japanese conglomerate’s growth plan for Asia and will seek to further capitalize on opportunities in this growing ASEAN market.

An MHI spokesperson shared how MHI evaluates the potential of the Vietnamese market in an emailed interview with the Daily after a recent trip organized for international journalists to get an insight into the conglomerate’s facilities in different parts of Japan.  

“We see Vietnam as a significant growth market for us going forward, and it will be a major focus,” said the spokesperson of MHI, which is active in a variety of business fields, including shipbuilding, power generation and aerospace.

He said this year marks the 10-year anniversary of MHI Aerospace Vietnam Co Ltd which supplies parts for Boeing 737 and 777 aircraft. MHI’s operations in Vietnam also include MHI Engine System Vietnam Co Ltd which provides sales and after-sales service for diesel power generation sets.

At a roundtable with the participating journalists in the media trip, MHI President and CEO Shunichi Miyanaga mentioned the conglomerate’s business and investment activities in Vietnam, saying the investment has been successful. He described Southeast Asia as a familiar and key market for MHI.

In addition to power generation sets, MHI has delivered a total of 1,750MW of large scale thermal power systems in Vietnam. These comprised of four gas and steam turbines at Phu My 1 Combined Cycle Power Plant, boilers and steam turbines at O Mon Thermal Power Plant Unit No. 1 and O Mon Thermal Power Plant Unit No. 2.

MHI said it has a wide range of thermal power systems suitable for the Vietnamese market, including J-series gas turbines which achieve the world’s highest efficiency level of over 63% and air quality control systems that can help meet stringent emissions standards for coal-fired and other thermal power plants.

Mitsubishi Hitachi Power Systems (MHPS), a joint venture between MHI and Hitachi, opened an office in Hanoi in November 2016 in response to the growing demand for thermal power systems in this country.

MHI is also exploring opportunities in transportation. According to the group, in December 2008, the Vietnamese Government announced a master plan for the nation’s expressways, which involve the construction of around 6,000 kilometers of expressway.

As part of this plan, intelligent traffic system technology is to be introduced to major expressways in order to enhance safety and driving experience. The plan calls for progressive introduction of traffic control, electronic toll collection (ETC), and other advanced traffic management systems going forward.

MHI has worked with the Directorate for Roads and the Ministry of Transport in Vietnam and collaborated with VietinBank and Sojitz Corporation to conduct a demonstration project to develop a new ETC system integrating the three existing formats. The demonstration was successfully completed in 2016.

MHI has also supplied 50,000 on-board ETC units and antennas for use at toll gates, to be introduced on the 55-kilometer HCMC-Dau Giay expressway in southern Vietnam. In addition to highway toll collection, the scalable system is also capable of providing various traffic related information.

MHI is committed to long-term partnerships in Asia, and has longstanding relationships with governments and industry in the region. “For instance, we have relationships with State-owned enterprises like EVN in Vietnam…,” the spokesperson said.

Local airlines transport 94 million passengers this year

Airports Corporation of Vietnam (ACV) on December 27 held a ceremony at Noi Bai International Airport to celebrate the 800,000th flight managed by Vietnam Air Traffic Management Corporation (VATM) carrying the 94 millionth passenger of this year.

Flight VN220 from HCMC to Hanoi landed at Noi Bai International Airport yesterday, carrying the 94 millionth passenger, Nguyen Van Huynh, and the 1.5 millionth member of the Golden Lotus Program of Vietnam Airlines, Nguyen Thanh Son.

The number of passengers passing through ACV’s airports this year has increased by 16% versus last year while the volume of cargo has reached nearly 1.34 million tons, up 19% year-on-year.

ACV has implemented numerous solutions to improve its management capability and upgrade and expand airports with modern facilities.

Meanwhile, VATM has invested heavily in infrastructure, modern equipment and advanced technologies, and has operated safely over 800,000 flights, increasing 10% against last year, as it has taken measures to enhance its capacity. It has also coordinated with agencies of the Ministry of National Defense to optimize flights, minimize costs for airlines, and trained high-skilled workers.

Launched in December 1999, Vietnam Airlines’ Golden Lotus Program has attracted a large number of passengers thanks to its incentives such as bonus miles, business class lounges, and priority check-in.

The national flag carrier has improved service quality and adopted advanced technologies by launching the online membership registration service in 2009, a Golden Lotus app for smartphones in 2013 and a round-the-clock customer care center this year.

More than 80 establishments in aviation, telecom, finance, banking, tourism and hotel sectors are the Golden Lotus Program’s partners, bringing diverse incentives for members. Especially, members of the Golden Lotus Program can earn miles with 20 international airlines after Vietnam Airlines joined the SkyTeam alliance in 2010.

At the ceremony, Dinh Viet Thang, director of the Civil Aviation Authority of Vietnam (CAAV), said the sector has tried to make Vietnam one of the four leading aviation service providers in ASEAN.

ACV, VATM and Vietnam Airlines pledged to boost cooperation, investment, technological innovation and service quality, and ensure flight safety to meet the air transport development demand.

Vietnam pays US$10.5-billion debt as of mid-December

Vietnam had spent VND238 trillion (nearly US$10.5 billion) to pay debt, including VND147.6 trillion in principals and VND91 trillion in interest, as of mid-December, according to data of the General Statistics Office (GSO).

This is part of the State budget expenditure that totaled more than VND1,210 trillion as of mid-December. The State also spent VND862 trillion on regular expenditures and VND259 trillion on development investments.

On the other hand, State budget revenues in the year to mid-December reached more than VND1,100 trillion, meeting 91.1% of the full-year target. Domestic revenues contributed the most to the State budget with more than VND871 trillion, followed by import and export taxes with VND183.8 trillion, and crude oil exports worth VND43.5 trillion.

According to GSO, tax collections from industry, trade and service contributed VND167.5 trillion to the State budget, while foreign-invested and State-owned enterprises contributed nearly VND154 trillion (excluding crude oil) and VND196.5 trillion respectively.

The budget deficit is estimated at VND115.5 trillion as of mid-December.

According to a debt payment plan released in May, the Government had plans to borrow more than VND342 trillion (US$15 billion) to pay debts this year, US$5 billion less than that of last year.

The money mainly comes from domestic sources with VND243.3 trillion, and official development assistance (ODA) and foreign preferential loans with nearly VND98.8 trillion. Some VND172.3 trillion is used to cover the budget deficit while VND144 trillion used for loan principal payment, VND316.3 trillion for budget allocation and nearly VND25.8 trillion for on-lending.

Committee to be established for State capital management

The Government will set up a committee tasked with management of State capital at businesses next year, Deputy Prime Minister Vuong Dinh Hue told an online meeting between the Government and localities on December 28.

Hue at the meeting also presented the Government’s draft resolution on tasks and solutions to socio-economic development and budgeting for next year. 

In particular, the Government will continue to maintain macro-economic stability, control inflation, ensure key economic balances, improve the business and investment environment, and promote rapid and sustainable economic development with 11 tasks and solutions.

News website Doi Song va Phap Luat quoted Hue as saying at a meeting late last year on the matter that the committee will eliminate the duty of ministries and provincial people’s committees in representing State ownership at enterprises.

The Government’s targets towards 2020 include equitizing 137 State-owned enterprises (SOEs) and finishing capital divestment in accordance with plans approved by the Prime Minister. The Government will focus on handling inefficient, loss-making economic groups, corporations and projects; striving to meet international standards concerning corporate governance; enhancing business and production efficiency, product quality, competitiveness of SOEs; and improving management and supervision of SOEs and State capital.

More former DongA Bank leaders arrested

The Ministry of Public Security has detained some former leaders of HCMC-based DongA Commercial Joint Stock Bank, as they have been found to have colluded with Tran Phuong Binh, the bank’s former general director, who had been detained by police on alleged charges of financial irregularities in 2016, Thanh Nien newspaper reports.

The detainees include Nguyen Thi Kim Loan, former director of the bank’s capital business division; and Nguyen Thi Ai Lan, former director of its debt and assets management division. The two were alleged to have deliberately violated State regulations on economic management causing serious consequences.

In 2016, Ministry of Public Security police arrested the former boss of the bank, Tran Phuong Binh, over alleged mismanagement of the semi-private bank.

In addition to Binh, police detained the bank’s former deputy general director Nguyen Thi Ngoc Van on alleged charges of intentionally violating State regulations on economic management causing serious consequences, and lending rules.

This April, police also charged and arrested Nguyen Thi Kim Xuyen, former deputy director general of DongABank, for allegedly abusing trust to appropriate State assets, and intentionally violating State regulations on economic management. She is alleged to have caused losses of over VND350 billion (US$15.4 million).

Earlier in August 2015, the bank checked its funds and found that the funds of its head office and transaction center were in deficit of over VND2 trillion (US$88 million), and more than 62,000 gold taels were lost without any legitimate reasons.

The then boss of the bank Binh was found to have instructed Van, Xuyen and other senior leaders at its transaction center to falsify credit applications and approve them so that he could cover up his financial mismanagement.

Notably, he directed his staff to carry out loan procedures for some individuals and companies, and legalize their loan applications by artificial loans.

Besides, Binh asked his family members to borrow money at the bank for investment, according to the newspaper.

Consequently, he caused a loss of more than VND2 trillion for the bank.

China emerges as largest source market for HCMC tourism

China has surpassed Japan and the U.S. to become the largest source market for the HCMC tourism sector in 2017, heard a meeting on December 28.

La Quoc Khanh, deputy director of the HCMC Department of Tourism, said the strong increase of Chinese tourist arrivals has led the city to draw up new plans to make the most of the spike.

According to data of the department, Chinese tourist arrivals to the city have amounted to 600,000 this year, up 200,000 compared to 2016. However, coastal cities like Nha Trang and Danang are still the most favorite destinations in Vietnam for Chinese tourists.

Khanh said the strong growth was not helped by the city’s tourism promotional activities but followed the common trend, meaning the city’s tourism sector remains underprepared for the surge. There are currently 20 travel firms that mainly serve Chinese tourists in the city but only 13 of them have good performance.

“We have worked with firms that have fared poorly, asking for improvement but there have not been significant changes,” Khanh said.

HCMC should pay more attention to the Chinese market by promoting its tourism and sound out cooperation opportunities at large exhibitions like China International Travel Mart and ITB China Travel Exhibition.

The city needs to create websites and publish travel magazines in Chinese, have more tour guides capable of speaking Chinese, and cooperate with neighboring provinces to offer a wide range of tour programs and prevent zero dong tours.

The increasing number of tourists from China and other countries has raised the total foreign tourist arrivals to the city this year to more than 6.38 million, up 22.8% year-on-year. The city has also catered to 26 million domestic arrivals.

Total revenues from tourism have amounted to nearly VND116 trillion (US$5.1 billion), up 12.6% compared to 2016.

The city expects 7.5 million foreign arrivals and 26 million domestic arrivals next year, with total tourism revenue of VND138 trillion.

Bui Ta Hoang Vu, director of the HCMC Department of Tourism, said the city will continue to organize tourism promotional programs like art performances in Nguyen Hue pedestrian square on weekends, Ao dai (Vietnamese traditional dress) Festival and international marathons.

The city will offer more river tours, develop traditional drug area and jewelry streets in tourist sites, and organize tourism promotional programs in foreign countries to bring in more tourists.

“We will focus on markets that are close to or have direct flights to the city, and based on the report on tourist spending and length of stay in HCMC, which will be released early this year, to draw up plans for tourism promotion in the coming time,” he said.

Nearly half of processing-manufacturing firms upbeat about 2018 

Up to 48.2% of enterprises surveyed in the processing-manufacturing sector have expressed optimism about business in the first quarter of this year, news website Vietnamplus cited a report of the General Statistics Office as saying.

The survey on production trends of the sector in quarter four 2017 and forecasts for 2018 showed 35.7% of respondents hope their operations would be stable while only 16.1% are concerned about more difficulties in January-March 2018.

In addition, 44.8% of corporate respondents said their performance in the last quarter of 2017 is better than in three previous months while 36.5% have had stable performance and 18.7% have had more difficulty doing business.

A competitive business environment and opportunities have helped boost the startup movement. Nearly 126,900 enterprises have been set up with total registered capital of VND1,290 trillion (US$56.81 billion) this year, up 15.2% in number and 45.4% in capital over 2016.

Besides, 26,450 firms have resumed operation, taking the total of active enterprises this year to 153,350 with 1.16 million employees.

In the context of fierce competition, small enterprises are more vulnerable. This year sees temporary business suspensions at some 60,600 enterprises and 12,113 dissolving enterprises including 11,087 small firms with capital of less than VND10 billion each.

PM cuts toll fees at BOT traffic projects

Prime Minister Nguyen Xuan Phuc has approved a plan to slash toll fees for trucks weighing 10 tons or higher, and 20- and 40-foot semi-trailers at build-operate-transfer (BOT) road toll stations nationwide, Nguoi Lao Dong newspaper reports.

At a Government teleconference on December 28, Minister of Planning and Investment Nguyen Chi Dung delivered a report on implementation of Resolution 35 on business support and development until 2020.

Dung noted the Ministries of Transport and Finance have worked together to come up with proposals on slashing toll fees at BOT projects. He said the Government leader has approved a plan to reduce toll fees for trucks of 10-18 tons and 20-foot semi-trailers to VND120,000; and trucks weighing over 18 tons, or carrying a 40-foot container to VND180,000 from the respective VND140,000 and VND200,000.

The Transport Ministry has set up an interdisciplinary working group to supervise prices, and reduce unreasonable surcharges on seaborne import and export goods in a bid to slash input costs for enterprises.

Minister Dung also said the PM issued a directive banning authorities from inspecting enterprises more than once a year.

Ministry urges improvement of aviation services

Besides ensuring flight safety as the top priority, aviation companies, airports and airlines have to improve the quality of services for passengers, Deputy Minister of Transport Le Dinh Tho told a seminar on December 28.

Compared to previous years, the quality of aviation services has improved considerably this year with regard to ticket sale, pickup and transport.

According to Tho, even with objective reasons for flight delays and cancellations like bad weather, passengers must be informed early. But in case of subjective reasons, it is crucial that units involved mobilize resources to overcome problems.

“If flights are delayed and cancelled without any prior notification to passengers, it is the fault of competent units and they use objective reasons as excuses,” Tho was quoted by news website Dan Tri as saying at the seminar on reducing flight delays and cancellations during the Lunar New Year holiday. 

Though the aviation sector has strived to cut flight delays and cancellations, such efforts must continue in every stage, he noted.

The Civil Aviation Authority of Vietnam has recently put forward several solutions, one of which is operating an additional 5,000 flights to meet transport needs. In addition, flight quality and management must be enhanced.

According to the deputy minister, if each stage is well organized, flight operations will improve and the number of delayed and cancelled flights will be brought down. There must be comprehensive solutions, from flight management, transport, parking, security, customs to immigration, in order to improve the quality of services for passengers.

Meanwhile, according to Trinh Ngoc Thanh, deputy general director of Vietnam Airlines, to provide good services for passengers, airlines must harmonize flight safety, punctuality and reasonable fares. This is determined by management capacities of each airline.

On the side of the aviation authority, Bui Minh Dang, deputy head of the authority’s air transport, said the rate of flights departing on time of Vietnamese airlines is high compared to the world’s average of 75-79%. The highest rate to be recorded at the world’s top airlines is 92%.

Under the existing regulation, passengers will be provided with water if flights are two hours late, with meals in case of three-hour delays, and get compensation for delays of four hours or more. As for lengthy delays lasting more than six hours, airlines have to offer compensation and arrange accommodation for their passengers, whereas passengers can return tickets.

Passengers are encouraged to make use of online check-in and check-in kiosks at airports to cut waiting time, and pay special attention to airport announcements in peak times of travel.

Regarding traffic safety in the coming holiday, Tho said that the ministry’s viewpoint is to meet the travel demand of people in any mode of transport with the best services. Units under the ministry will have to closely coordinate with localities to ensure traffic safety and facilitate travel of passengers, he added.

Tollgate to be dismantled to ease traffic congestion at Saigon River Tunnel

HCMC will soon remove the long-inactive Saigon River Tunnel toll station to reduce traffic congestion at the tunnel, said Vo Van Hoan, head of the HCMC People’s Committee Office on December 29.

Hoan said congestion in the tunnel area has occurred since the city recently finished coping with heavy traffic on Vo Van Kiet Avenue which leads to the tunnel.

A representative of the Management Center of Saigon River Tunnel (MCST) said congestion in the tunnel area has been caused by a recent increase in motorbike traffic through the tunnel.

At present, there are about 220,000 motorbikes using the tunnel a day, up 10% year-on-year. Many high-rises have been built along Mai Chi Tho Street on the District 2 side of the tunnel and a 4-kilometer section from District 2 to District 9 of HCMC-Long Thanh-Dau Giay Expressway has been opened to traffic, both of them connected to the tunnel.

Some traffic experts said that when in place, Thu Thiem 2 Bridge would help ease traffic through the tunnel and on Saigon Bridge.

The tunnel under the Saigon River was opened to traffic on November 20, 2011 and the HCMC Department of Transport briefly collected tolls at the tunnel in September 2012.

No formal toll collection has since been conducted. But the presence of the tollgate near the non-operational tunnel is seen as one of the reasons for congestion at the tunnel.

HCMC tightens controls on crypto-currencies

The central bank’s HCMC branch and the city police will join hands to prevent the use of crypto-currencies for payment in the city.

Any form of payment using digital currencies like Bitcoin, which are banned in Vietnam, will face severe sanctions.

The city’s departments of industry-trade, tourism and education-training are responsible for supervising service providers in their respective fields with regard to payments by virtual money.

According to the HCMC government, Bitcoin and other virtual currencies are not legal tender in Vietnam. Therefore, using crypto-currencies for payments is neither permitted nor protected by law. Credit institutions and service suppliers are banned from using digital currencies for payment.

The Prime Minister has assigned the central bank and the Ministry of Justice to study and propose regulations on managing the use of virtual assets, and virtual currencies. They must report to the Prime Minister next August.

Though there are no official statistics about the Bitcoin market, experts estimate daily Bitcoin transactions may amount to dozens of millions of U.S. dollars.

Interest rate in home credit program kept at 5%

The State Bank of Vietnam (SBV) has issued a decision ordering commercial banks to keep the interest rate in the VND30 trillion preferential credit program for low-income homebuyers at 5% in 2018.

According to Decision No.2735, the 5% rate is the same as the preferential rate applicable to this program last year and loans disbursed by December 31, 2016.

Regarding loans disbursed after December 31, 2016, clients are subject to commercial interest rates in line with their contracts with banks.

The central bank is mandated to set the interest rate for this home credit program on an annual basis in the final month of year.

The interest rate for this program was 6% in 2013. SBV deputy governor Nguyen Dong Tien on January 2, 2014 singed Decision No.21 cutting the rate to 5% and this rate has been kept unchanged until this year, according to Tuoi Tre newspaper.

HCMC trade dept offers online service

The HCMC Department of Industry and Trade last week launched an online public service for 55 administrative procedures in 11 areas, enabling enterprises to submit requests to the department through its website. 

With this service available, businesses can now save time and money and track the progress.

Among the 11 areas are production and trading of alcohol, tobacco and tobacco ingredients, petroleum, sample contracts, chemicals, and trading of liquefied petroleum gas.

On this occasion, the department joined hands with local postal and telecom enterprises as well as banks to return results to enterprises, send notifications via text messages, and pay online. 

The 55 administrative procedures now available online are those widely used by individuals and enterprises among a total of 107 procedures and services. The department will work towards making the remaining procedures available online in the coming time.

In addition, the department will upgrade its portal at congthuong.hochiminhcity.gov.vn to provide socio-economic information, prices of commodities and business activities in the city for enterprises.

The department has estimated more than 60,000 visitors come a year to carry out administrative procedures.

According to the director of the department, Pham Thanh Kien, representatives of the department have visited 325 enterprises to learn about their concerns.

Food safety board wants to take over pork supervision job

The HCMC Food Safety Board has proposed the HCMC government permit it to take over the pork management, identification and traceability program from the Department of Industry and Trade.

Nguyen Nguyen Phuong, head of the Trade Management Division under the Department of Industry and Trade, told a press conference last week that the proposal by the food safety board is reasonable as the department lacks manpower to carry out the program.

He explained the department has been implementing the program since October 2016, and has faced difficulties in the execution process due mainly to a shortage of staff.

As planned, the department started the second phase of the program on January 1 to manage the origin of pigs from birth, farming and slaughter to pork distribution at wholesale and retail markets, and supermarkets.

The first phase of the program only tracks the origin of pork from farms and slaughterhouses to pork consumption at supermarkets and wholesale markets only.

Therefore, he noted, if the program is transferred to the board, the board would have to carry out the second phase.

He said the department intends to report its detailed plan to the municipal government after the Lunar New Year holiday, or Tet. If the department is given the go-ahead, it would operate an online platform for pork trading early next year.

The platform will facilitate pig farmers to have direct access to buyers and have the right to price their pork products in a proactive manner, he noted. As such, these farmers will try to improve the quality of their products so that they can be sold at high prices.

Customers can rest assured that they eat high-quality and safe pork while authorities can easily track the origin of products to stabilize the market, according to him.

More than 2,600 pig farmers and 38 slaughterhouses are joining the pork management, identification and traceability program. Between 7,500 and 8,000 pigs, before being slaughtered, are attached with identity tags on a daily basis.

Navigational channel upgrade high on priority list

The Transport Ministry has set out priorities for the second phase of a navigational channel upgrade project to allow larger vessels to call at ports along the Hau River via the newly-opened Quan Chanh Bo Canal in the Mekong Delta province of Tra Vinh.

The second phase of the project will be developed through a private-public partnership (PPP), according a report on opportunities and potentials for logistics development in the transport sector in the Mekong Delta, which was released last month by the Transport Development and Strategy Institute under the Transport Ministry.

The report shows the project costs an estimated VND3.2 trillion (around US$141 million), and is the only maritime transport development project which is high on the ministry’s priority list in the delta.

Earlier, Deputy Minister of Transport Nguyen Nhat said the ministry proposed carrying forward VND1.6 trillion in surplus capital in phase one of the project to the second phase.

The embankments of the Quan Chanh Bo Canal are not yet complete, so some stretches of the banks have slid since big ships are allowed to travel in the Hau River to visit the Tan Cang-Cai Cui Port in the Mekong Delta of Can Tho.

The major project is intended to allow vessels of 10,000-20,000 DWT to come to ports along the Hau River, according to the ministry.

The project will make it possible for the ports to handle 21-22 million tons of general cargo, and 450,000-500,000 TEUs of containerized cargo a year by 2020. Therefore, it is highly expected to fuel economic growth in the Mekong Delta.

Auto imports surge in late 2017

Vietnam imported some 10,000 completely-built-up autos (CBUs) last month, the highest monthly import volume in 2017.

According to the General Statistics Office, the country last month spent US$273 million on the 10,000 CBUs, bringing last year’s CBU imports to around 94,000 units worth over US$2.15 billion.

In each of September, October and November, the auto import volume was around 6,000 units with a respective value of US$165 million, US$155 million and US$186 million.

Data of the General Department of Vietnam Customs earlier showed that nearly 7,050 CBUs valued at more than US$192 million were imported in the first half of December 2017, up over 100% against the same period of the previous month.

Such an increase in auto imports was surprising as the tariff on autos imported from ASEAN is slated to decline from 30% to 0% this year.

Traditionally, importers refrain from importing autos right before a tariff cut. According to market watchers, the auto import spike last month was triggered by fears of the tougher auto import rule provided in the Government’s Decree 116.

Auto importers may find it hard to meet a requirement that they must produce auto quality certificates issued by foreign authorities when the new tariff on auto imports from ASEAN goes into force this year. Such certificates do not exist in many countries, even in the U.S., Japan and ASEAN countries.

Compared to 2016, auto imports dropped 16.8% in volume and 9.6% in value. The import decline is said to result from consumers’ tendency to wait until this year to benefit from the import tariff reduction.

Phone exports put at US$45 billion

Revenue from export of phones and phone parts in 2017 rose by a staggering 31.4% year-on-year to an all-time high of US$45.1 billion, according to the General Statistics Office.

Outbound sales of phones and phone parts accounted for more than 21% of Vietnam’s total exports last year.

These products contributed greatly to the country’s trade surplus last year. Phone and phone parts imports totaled US$16.2 billion, resulting in a trade surplus of US$28.9 billion.

According to the customs, the EU, China, the United Arab Emirates, South Korea and the U.S. were the main buyers of phones and phone parts from Vietnam.

It is noteworthy that export revenue from phones and phone parts was nearly US$20 billion higher than that from the second and third biggest export earners and higher than those of other export items that brought tens of billions of U.S. dollars. Two groups of goods – textiles/garments, and electronics/computers/accessories – reported export turnover of US$25.9 billion.

Outbound sales of electronics, computers and accessories grew 36.5% versus last year. However, this group of items caused a trade deficit of US$11.6 billion.

According to the General Statistic Office, Vietnam’s foreign trade value amounted to nearly US$425 billion last year, up 21% against 2016. US$213.8 billion of the amount came from exports and US$211.1 billion from imports, up 21% and 20.8% respectively. The country enjoyed a trade surplus of US$2.7 billion thanks to the foreign direct investment (FDI) sector bringing a total trade surplus of a massive US$28.8 billion.

HCMC to invest VND29 trillion in public projects

The government of HCMC will spend VND29 trillion on public investment projects in the first few months of this year.

Of the amount, VND4.88 trillion will come from official development assistance loans, VND2.52 trillion from the city budget as reciprocal capital for ODA-funded projects, and VND540 billion from the city budget for public-private partnership (PPP) projects.

In the first tranche of funding this year, city departments and districts in their capacity as supervisors of project developers will be responsible for disbursing capital and giving assignments to project developers.

To make sure capital disbursements will be on time, the city government told directors of departments and leaders of districts to sign an agreement in which half of the capital needed must have been disbursed by late July. If the disbursement target is missed, they would be held accountable.

At a conference on socio-economic development plans and budget estimates this year held by the city government on January 2, the secretary of the HCMC Party Committee, Nguyen Thien Nhan, said the city’s daily budget collections last year totaled VND1.11 trillion, excluding Sundays. The city accounted for nearly 28% of the country’s State budget revenue.

The city’s gross regional domestic product (GRDP) last year grew 8.25%. Agriculture grew 6.3% at some VND19.4 trillion.

In 2017, the city beat its budget collection target.

This year, the city will focus on piloting a special mechanism already approved by the National Assembly, enhancing the quality of growth and the competitiveness of the city, creating a favorable and fair business environment, and encouraging innovations and startups.

In addition, the city will drastically streamline administrative procedures and boost e-government development. Another mission is to develop HCMC into a smart city in the 2017-2020 period with a vision towards 2025 to better serve residents and enterprises. 

The city will also downsize the State apparatus while ensuring its efficiency and improving the quality of officials and civil servants.

Vietnam PMI rises to three-month high

The Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) soared to a three-month high of 52.5 in December from 51.4 in the previous month, signaling a solid monthly improvement in the health of the sector at the end of 2017.

According to a report released on January 2, December saw a return to growth of output amid a solid expansion of new orders. Both employment and purchasing activity picked up at sharper rates while business sentiment improved.

One factor leading to the improvement in operating conditions was a return to growth of production. The modest increase in output in December followed broadly unchanged production volumes in November.

Those respondents that raised output linked this to stronger market demand and higher new orders.

Improved customer demand resulted in a solid rise in new orders, the fastest in three months. New business from abroad also increased at a solid and accelerated pace during December.

Besides, improving client demand helped to support optimism that output will increase over the coming 12 months. Business sentiment improved to a nine-month high in December, the report said.

Andrew Harker, associate director at IHS Markit, which compiles the survey, said the Vietnamese manufacturing sector recorded a welcome return to growth of output in December, supported by a solid and accelerated increase in new orders. This is welcome news following a slowdown in recent months.

Overall, 2017 was a positive year for the sector, with the average PMI reading the highest since the survey began in 2011. Industry in Vietnam therefore looks to be in good shape heading into 2018, he said.

There remained evidence of spare capacity in the sector at the end of the year, linked to a recent period in which new order growth had eased. Backlogs of work decreased for the second month running, albeit modestly and at a slower pace than in November.

Rising output requirements contributed to a 21st consecutive monthly rise in employment at Vietnamese manufacturers. The rate of job creation was solid and the sharpest since September.

Efforts to expand output also fed through to higher input buying during the month. Moreover, the marked expansion in purchasing activity was the fastest since April. Stocks of purchases were broadly unchanged, following a fall in November.

Higher costs for raw materials such as oil and steel, as well as increases in prices from Chinese suppliers, resulted in a further sharp rise in input costs during December. The rate of inflation was little changed from November. This was also the case with output prices, which increased modestly.

Finally, stocks of finished goods fell. Panelists often reported that goods had been produced directly for sale rather than to increase inventory levels.

Stock market cap equivalent to 70.2% of GDP

The stock market capitalization in 2017 was equivalent to 70.2% of Vietnam’s gross domestic product (GDP), meeting the Government’s target.

According to Minister of Finance Dinh Tien Dung, many big corporations launched their shares on the stock market, sending the stock market capitalization surging.

The VN-Index of the Hochiminh Stock Market (HOSE) closed the year 2017 at 984 points, up 48% from the previous year. Liquidity on the stock and bond markets picked up 65% and 39% respectively.

Listed businesses reported respective rises of 18% and 23% in revenue and profit in January-September last year.

The stock market grew as a channel to mobilize mid- and long-term capital for the Government and contributed greatly to the equitization of State-owned enterprises, the divestment of State holdings in enterprises, and attraction of foreign direct investment capital.

The market for unlisted public companies (UPCoM) grew strongly. The total capitalization of companies on UPCoM hit more than VND603 trillion (US$26.56 billion), double the figure in end-2016. The Hanoi Stock Exchange (HNX) saw its market capitalization leaping 45% year-on-year.

On average, transaction volume soared 35% and transaction value jumped 71% year-on-year.

The Ministry of Finance said it will speed up the merger of HNX and HOSE, and restructure the stock, bond and derivatives markets.

2017 retail sales near US$130 billion

Retail sales last year amounted to an estimated VND2,937,300 billion, or US$129.56 billion, up 10.9% against 2016, according to the General Statistics Office (GSO).

This was a high result compared to previous years such as 2016 with US$118 billion (up 10.2%) and 2015 with nearly US$110 billion. This is an indication that the domestic retail market is growing well and becoming a target for foreign retailers.

Retail revenue from autos grew by 14%, gemstone and precious metals by 13.2%, wood and building materials by 12.8%, food and foodstuffs by 11.1%, cultural and educational products by 10.2%, apparel by 9.6%, transportation by 8.6%, and home products by 8.5%.

Cities and provinces with high retail revenue growth include Thanh Hoa with 13.7%, Tien Giang with 13.3%, Ha Giang with 12.8%, Haiphong with 12.5%, Hanoi with 11.4%, and HCMC with 10.1%.

As in previous years, last year saw foreign retailers expanding their presence in the local market.

For instance, 7-Eleven, the world’s leading convenience store chain, entered the market while Circle K, B’s mart, FamilyMart and Ministop have had hundreds of stores each.

Thailand’s Central Group last July opened the first stationery and office supplies store in Vietnam. Other foreign retailers like Big C, AEON, Auchan and Lotte have also planned to increase their market share.

According to a 2017 report of consulting firm A.T. Kearney, Vietnam’s ranking in the Global Retail Development Index inched up five places to sixth, behind India, China, Malaysia, Turkey and UAE. The ranking of Vietnam is higher than those countries with strong retail markets such as Indonesia (8th), Saudi Arabia (11th), Kazakhstan (16th), the Philippines (18th), and Thailand (30th).

The improving ranking of Vietnam shows the attractiveness of the retail market to foreign investors after failing to make it to the top 30 markets for retail investment in 2012. Vietnam used to top the list in 2008, and came sixth in 2009, 14th in 2010 and 23rd in 2011.

According to a report released by Vietnam Report last October, Vietnam’s retail industry is forecast to be stable and appealing to foreign investors thanks to a big population, high economic growth and strong consumer demand.

However, competition will be fiercer. Domestic firms will have to work hard to retain their market share, and compete with foreign rivals who have advantages in terms of finances, technology, experience and human resources.

The retail market of Vietnam still has room for more growth as modern retail channels like supermarkets and shopping centers account for only 25% of total retail sales, and a majority of supermarkets and shopping centers are in big cities.

By 2020, the proportion of modern retail channels is forecast to rise to 45%. The country will have 1,200-1,300 supermarkets, more than 300 shopping centers, and dozens of thousands of convenience stores by then.

Agriculture dogged by high cost and low quality

High production cost and low product quality are two major hindrances to agriculture development, heard a teleconference held by the Ministry of Agriculture and Rural Development on January 4.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong cited data of the General Statistics Office as indicating that the production value of the agriculture sector last year increased by an estimated 3.16% against 2016, of which cultivation, breeding, forestry and aquaculture rose by 2.23%, 2.16%, 5.17% and 5.89% respectively.

The sector’s export revenue reached nearly US$37 billion last year, a year-on-year rise of 13%, he added. The trade surplus was estimated at US$8.5 billion, US$1.1 billion higher than in 2016.

Le Minh Hoan, Party secretary of Dong Thap Province, said high production cost and low product quality should be dealt with as soon as possible.

Farmers in the Mekong Delta, including Dong Thap Province, always want their products to get higher prices, he said, and authorities in Dong Thap often tell farmers that prices are heavily dependent on supply and demand.

Therefore, according to him, they should find ways to cut production costs to raise their profit margins.

In terms of product quality, many consumers do not trust the quality of local agricultural products, he said, citing a report.

He proposed the Government issue a decree on agricultural co-operatives whose missions are to enable farmers to cooperate with one another in a bid to reduce prices of products and improve product quality.

Co-operatives also support farmers to embrace the fourth industrial revolution, according to him.

He also suggested the Government set up regional commodity associations which are operated as multifunctional organizations with the participation of central and local agencies, enterprises, and farmers.

These organizations are responsible for devising a long-term strategy for each type of commodity, and a short-term action plan, as well as proposing policies for removing group interests and unfair competition, he said.

The agriculture ministry, according to him, should adopt a program or resolution to step up controls on the quality of fertilizer and other agricultural materials, thereby turning out high-quality farm produce.

Duong Cong Minh relinquishes leadership roles at all firms but Sacombank

Duong Cong Minh has given up his leadership roles at all the businesses where he has stakes but Sacombank.

He is no longer chairman of Him Lam JSC, Bao Long Sport Equipment JSC, Xin Man Development JSC and Lien Viet Securities JSC. Now he is only chairman of Saigon Thuong Tin Commercial Bank (Sacombank), the bank announced on Wednesday. 

According to news website Nhip Cau Dau Tu, Minh relinquished his chairmanship role in the four companies in compliance with the amended Law on Credit Institutions which prohibits bank leaders from holding senior positions at other businesses.

Do Minh Phu, chairman of Tien Phong Bank and DOJI Gold & Gems Group, had earlier announced that he would resign from his leadership position at DOJI Gold & Gems Group.

Thai Huong, general director of Bac A Bank, said she would resign from the post of TH Group chairwoman to focus on her job at the bank.

There are currently about 10 bank leaders concurrently holding senior positions at other businesses.

HCMC wants lower E5 fuel price

The HCMC Department of Industry and Trade has proposed widening the price differential between RON 95 and E5 RON 92 gasoline to VND1,500-2,000 per liter to make the bio-fuel more attractive to users.

In an online talk on E5 gasoline held by Phap Luat newspaper on January 4, a representative of the department said there should be multiple solutions to promoting the use of E5 gasoline, a mixture of 95% RON 92 gasoline and 5% ethanol.

Under the roadmap for E5 gasoline use, all gas stations have to stop selling the lower-grade RON 92 gasoline, also known as A92, as from early this year, and sell E5 and the higher-grade RON 95 (or A95) instead.

With E5 replacing RON 92, consumers are concerned about the selling price and some gas stations do not have E5 pumps.

Vo Le Bich Dong, deputy head of the department’s trade management unit, said the department is looking to have a higher price differential between A95 and E5 gasoline, up to VND1,500-2,000 per liter instead of the current VND1,040. He added the department has also enhanced the supervision of E5 distribution. 

According to Dong, departments are still doubtful about the quality of E5 gasoline.

Meanwhile, Phan Thi Viet Thu, vice chairwoman of the HCMC Consumer Rights Protection Association, stressed the need to guarantee the quality of E5 gasoline and regularly inspect fuel distributors to ensure the ethanol ratio is no higher than 5%.

According to Associate Professor Dr. Huynh Quyen from the Vietnam National University HCMC, if vehicles use A92 gasoline, they could use E5, but if manufacturers recommend A95 for their engines, users should not use E5.

According to the department, all 534 gas stations in HCMC no longer sell A92 but have shifted to E5.

Drivers voice fierce objections at southern tollgate

Drivers have recently used banknotes of small denomination to pay fees at the Can Tho-Phung Hiep BOT (build-operate-transfer) tollgate between the Mekong Delta city of Can Tho and its neighboring Hau Giang Province, resulting in serious traffic congestion there in protest against unreasonable fees.

Tran Phuoc Thanh, a manager at a driving center that is only 200 meters away from the tollgate, said the center has a total 73 cars, but relevant agencies have approved exemptions for 20 cars only.

He noted the center may have to pay billions of Vietnam dong in toll fees on an annual basis, causing huge costs for the enterprise.

The tollgate investor has slashed its toll fees by between 7% and 15% since December 20. Then, the Directorate for Roads of Vietnam has agreed fee cuts between 30% and 35% for local residents adjacent to the tollgate since early this year.

However, some drivers said the investor have just applied the fee reduction plan for some drivers in Can Tho City only. This is why many other drivers have voiced their objections.

Can Tho City chairman Vo Thanh Thong and representatives of Hau Giang Province had a working session with the tollgate investor and some local transport companies last Saturday.

According to the chairman, local residents and enterprises said the fees have been still too high, and suggested further reducing the level. Therefore, local authorities plan to work with the Ministries of Transport and Finance, and the tollgate investor to consider their proposal this week.

The expansion of a 22-kilometer section of National Highway 1A between Can Tho City and Hau Giang Province’s Phung Hiep District which has cost the investor more than VND1.83 trillion (US$80.8 million) was opened to traffic in late 2015.

Bac Lieu attractive to renewable energy investors

Many enterprises have shown interest in renewable energy development in the Mekong Delta province of Bac Lieu after the province was allowed to suspend Cai Cung thermal power project, heard a conference on hi-tech agriculture on January 6.

Speaking at the event, Duong Thanh Trung, chairman of the province, said several renewable energy enterprises have asked for permission to invest VND100 trillion (US$4.4 billion) in the province.

Trung said in addition to some enterprises that have been permitted to invest in this sector in the locality, about 20 others have sent documents to the provincial government asking for permission. 

According to Trung, the province is boosting renewable energy, which is environmentally friendly, with great support from the Government.

Cong Ly Co Ltd is a pioneer in developing renewable energy in the province. It has put into operation 62 wind turbines capable of generating 320 million KWh a year, with a total investment of more than VND5.2 trillion.

Experts warn against complacency over economic growth

Too much optimism about economic growth may lead to out-of-control situations like what happened ten years ago, according to economic experts at a recent conference on investment-business opportunities.

At the conference held in Thanh Hoa Province last week, director of the Vietnam Institute of Economics Tran Dinh Thien mentioned how local newspapers praised economic growth. He said that stock, foreign direct investment (FDI) attraction, foreign reserves, trade and tourism growth were described as outstanding.

“We need to have a more cautious look,” Thien said.

Sharing the same view, Vo Tri Thanh, former vice president of the Central Institute for Economic Management, said that the economy has only seen a more marked recovery, reflected by gross domestic product (GDP) growth of over 6% in the past three years. Economic growth is not sustainable yet, he added.

According to Thanh, a growth rate of 6.8% is high but not considerable when compared to regional performances. To be on a par with Malaysia in 2035, Vietnam needs to achieve growth of 7-7.5% annually.

Nguyen Mai, chairman of the Vietnam Association of Foreign-Invested Enterprises, said Vietnam’s GDP per capita of nearly US$2,400 is not high. In ASEAN alone, GDP of Indonesia has already exceeded US$1,000 billion, whereas that of Vietnam is only US$220 billion.

Nguyen Xuan Thanh from Fulbright University Vietnam said the economic recovery in the past year is attributed to the recovery of the global economy and the stability of the local currency.

In addition, increasing spending has helped promote growth since 2015. Higher incomes and purchasing power are important motives for this year’s growth, according to Thanh.

RON 95 gasoline base price unrevealed

The Ministries of Industry and Trade and Finance did not announce the base price of RON 95 gasoline as usual in the first adjustment of fuel prices this year, which is unreasonable and questionable as the move allows fuel traders to set its price on their own.

The announcement of fuel retail prices last Thursday was noteworthy as this has been the first adjustment of fuel prices since RON 92 petrol was banned from the market nationwide early this year. Thus, only E5 bio-gasoline and RON 95 gasoline are available on the market.

The retail price of E5 bio-fuel remains unchanged at VND18,243 per liter, but traders can tap VND857 for each liter sold from the national fuel price stabilization fund, above VND546 in the previous adjustment, as competent agencies want to encourage the use of E5 bio-fuel. According to statistics of fuel traders, E5 volume consumed in the first three days of 2018 accounted for 60% of the total and the remaining 40% was RON 95.

However, the RON 95 gasoline base price was not announced by the ministries. A representative of the two ministries explained that the RON 95 gasoline price has never been publicized before and there is no law forcing them to publish such information.

Following the announcement, the retail price of RON 95 gasoline surged by VND810 per liter. According to Vietnam National Petroleum Group (Petrolimex), the product costs VND20,290 a liter compared to the previous price of VND19,480, heavily affecting consumers.

According to Article 39 of Decree 83/CP on fuel price transparency, the Ministry of Industry and Trade is responsible for publicizing on its website global prices, base prices and current retail prices of petrol and oil products. The prices of such products being made public will help consumers and enterprises make price comparisons, especially when RON 92 was banned from the market and the Government wants to encourage consumers to use E5 bio-fuel which is environmentally-friendly and cheaper than RON 95 gasoline.

Thus, it is a must for competent agencies to announce the base price of RON 95 so that consumers and enterprises can assess effects of fuel price hikes. Besides, no legal documents state that the RON 95 gasoline base price can be kept unannounced.

Nguyen Tien Thoa, former director of the Price Management Department under the Ministry of Finance, who is now chairman of the Vietnam Valuation Association, said the two ministries had earlier publicized the base price of RON 92 only as a reference to other fuel products’ prices. Normally, the base price of RON 95 petrol is only 2-3% higher than that of RON 92, which usually hovered around VND500 higher per litter.

As such, the sharp increase of RON 95 petrol as well as the wide gap between this fuel and E5 bio-fuel is seen unsuitable.

Mekong Enterprise Fund II divests entire stake from MWG

Mekong Enterprise Fund II has plans to sell five million shares equivalent to a 1.58% stake at Mobile World Investment Group (MWG), better known as The Gioi Di Dong, to completely divest from the country’s leading electronics retailer.

Transactions will be made between January 9 and February 7, 2018 through the Vietnam Securities Depository (VSD).

As of late January 4, MWG shares were sold at VND134,900 (US$5.94) each.

At the same time, MWG has been allowed by the State Securities Commission to issue shares. It has plans to issue 6.7 million shares at VND90,000-110,000 each.

The proceeds from MWG’s share sale are estimated at VND603-737 billion, which would be used for mergers and acquisitions (M&A) deals in the coming time.

TST Tourist, HTV jointly promote Vietnamese cuisine

TST Tourist Company has joined forces with HCMC Television (HTV) to launch a program named Mon Ngon Que Viet (Vietnamese dishes) to introduce local specialties and new destinations.

The program will be on air from 18:30 to 18:45 on Thursdays and Sundays, starting from January 11. In addition to tourist sites, specialties nationwide and their recipes will be introduced by chef Minh Hien.

The organizers have produced enough episodes for the whole year, initially focusing on dishes and landscapes in Thot Not District in Can Tho City and Ba Tri District in Ben Tre Province.

Besides, TST Tourist is mapping out suitable programs for foreigners. These programs will be provided with English subtitles and posted to Youtube.

Lai Minh Duy, general director of TST Tourist, said the company is calling for sponsors to reduce program production costs and expects the program would help promote the TST Tourist brand.

Property stocks predicted to turn active in Q1

Having run strongly into banking stocks lately, cash is expected to shift into the property sector in the first quarter of 2018 as many real estate businesses are poised to report huge profits, said securities experts.

Nguyen The Minh, deputy director of analysis and investment consulting at Saigon Securities Inc. (SSI), said property stocks may soar in the first quarter of 2018 after announcing profits in the last quarter of 2017. Notably, many enterprises may post positive figures thanks to project transfers.

According to Hoang Thach Lan, head of individual client analysis at Viet Dragon Securities Company, the banking sector has been the key market driver in recent times. Most bank stocks have advanced more than 10% over the past month.

Meanwhile, the real estate sector is expected to make a significant rise. In the last quarter of 2017, leading stocks such as ASM, CEO, D2D, DXG and HDC reported good earnings results, prompting investors to pay attention to their financial reports in the next few weeks.

The key factor at property firms is the construction progress of their projects, which is a catalyst for investors eyeing property stocks.

While large-scale enterprises and foreign firms usually provide transparent information for analysts of securities firms, customers and the public, many small businesses still skip the duty, Lan said in an interview on tinnhanhchungkhoan.vn.

Nguyen Hong Khanh from Sacombank Securities Company, meanwhile, noted that some enterprises may report heavy losses in the last quarter.

In 2018, the real estate sector would not see strong volatility like in previous years but projects at convenient locations will still draw market demand. Therefore, enterprises with good projects will remain attractive to investors, he said.

The VN-Index fell for the first time in two weeks, closing down 0.7% last Friday. For the holiday-shortened week, the index still advanced 2.9% for a third week of gains.

Several large caps that have surged in recent months were the top contributors to the pullback, including lender VCB, gas firm GAS and leading realty company VIC. Lender HDB jumped to the ceiling on its first day of trading on the HCMC market amid heavy trade volume of VND1.23 trillion, helping push overall trading on the index to VND7.7 trillion.

Minh from SSI said that the main index is hovering around 1,010 points after beating the 1,000 points earlier this year. As this is a resistance level, the index may seesaw in a narrow range or correct in the near term.

The post BUSINESS IN BRIEF 9/1 – News VietNamNet appeared first on Breaking News Top News & Latest News Headlines | Reuters.

[magnoliachase92-blog]

Failures Make You Vietnam Backpacking Tour Guides Better Only If You Understand These Eight Things

There are plenty of village children to meet, too. Many of my fellow trekkers wore trainers which led to lots of slipping and sliding on the muddy paths. Road speeds in Vietnam are at a relaxed pace, averaging 60-80kph. To Book or Enquire about a Tour: please fill out the form below and we will endeavour to provide a rapid response. I spoke to my colleagues at , I looked into what the top travel bloggers had done in vietnam travel information before me, and I consulted too many websites to list. It was about a 30-minute drive away from the airport and cost us 170,000 dong for the taxi (£5). The food was yum, and I would definitely recommend. We walked over the bridge taking photos, and then went up to the pagoda which cost 12,000 dong to get in (40p). We walked for about an hour trying to find the market. It was like shopping at Harrods, not sure how it can sustain itself, but it must do somehow. Saw maybe one fish, but had a great time making friends with the rest of the people on the boat and sunning ourselves on the deck. We didn't enjoy it. It was cheap, but no taste and we had a woman with us cooking at the table the whole time, which was awkward when we just wanted to chat. It turned out it was her friend, but we were done there. Needed it. It meant we missed the delicious Sun City Hotel breakfast though so we decided to go for an egg sandwich/Bhan Thai from the lady at the end of our street. Please try one if you're visiting Nha Trang. We then got a taxi up to the Nha Trang Egg Baths in the mountains and had a great afternoon out. Back in Nha Trang and we decided to go to the Galangang restaurant we went to on the first night again, it was that good. We boarded the train to Danang at 8pm and settled ourself down for the night on our overnight train through Vietnam. If you want to know more check out my trains in Vietnam post. Two nights in a private double was $50 (£31). Hoi An is awesome and needs to be on any Vietnam itinerary, no matter how long you go for. The coffee in Vietnam is absolutely delicious. We ate more delicious Vietnamese food, including the White Rose that Hoi An is famous for, and more spring rolls. She took us out to where she lived, and you couldn't help but feel bad. The river in Hoi An is absolutely incredibly by night and a definite must. Today was another day of wandering around. It was also good to see what Hoi An was really like beyond all the buzz around the river and the market. When we'd had enough of the shops we walked over the Japanese Covered Bridge and came across a Japanese and Vietnamese Festival, backstage That night we were invited to Moe's Bar to meet the martial arts choreographers and stars of Kill Bill who'd been performing at the festival.

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Car rental

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Our prices remain consistent, there are no hidden costs and our customers rely on guaranteed quality service.

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+ Long journeys departing from:  Hanoi, Hue, Hoi an, Nha Trang, Hochiminh, Can Tho

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[fredricktietkens-blog]

Vietnam Backpacking Tour Guides Once, Vietnam Backpacking Tour Guides Twice: Four Reasons Why You.

There are plenty of village children to meet, too. Many of my fellow trekkers wore trainers which led to lots of slipping and sliding on the muddy paths. Road speeds in Vietnam are at a relaxed pace, averaging 60-80kph. To Book or Enquire about a Tour: please fill out the form below and we will endeavour to provide a rapid response. I spoke to my colleagues at , I looked into what the top travel bloggers had done in Vietnam before me, and I consulted too many websites to list. It was about a 30-minute drive away from the airport and cost us 170,000 dong for the taxi (£5). The food was yum, and I would definitely recommend. We walked over the bridge taking photos, and then went up to the pagoda which cost 12,000 dong to get in (40p). We walked for about an hour trying to find the market. It was like shopping at Harrods, not sure how it can sustain itself, but it must do somehow. Saw maybe one fish, but had a great time making friends with the rest of the people on the boat and sunning ourselves on the deck. We didn't enjoy it. It was cheap, but no taste and we had a woman with us cooking at the table the whole time, which was awkward when we just wanted to chat. It turned out it was her friend, but we were done there. Needed it. It meant we missed the delicious Sun City Hotel breakfast though so we decided to go for an egg sandwich/Bhan Thai from the lady at the end of our street. Please try one if you're visiting Nha Trang. We then got a taxi up to the Nha Trang Egg Baths in the mountains and had a great afternoon out. Back in Nha Trang and we decided to go to the Galangang restaurant we went to on the first night again, it was that good. We boarded the train to Danang at 8pm and settled ourself down for the night on our overnight train through Vietnam. If you want to know more check out my trains in vietnam awesome travel post. Two nights in a private double was $50 (£31). Hoi An is awesome and needs to be on any Vietnam itinerary, no matter how long you go for. The coffee in Vietnam is absolutely delicious. We ate more delicious Vietnamese food, including the White Rose that Hoi An is famous for, and more spring rolls. She took us out to where she lived, and you couldn't help but feel bad. The river in Hoi An is absolutely incredibly by night and a definite must. Today was another day of wandering around. It was also good to see what Hoi An was really like beyond all the buzz around the river and the market. When we'd had enough of the shops we walked over the Japanese Covered Bridge and came across a Japanese and Vietnamese Festival, backstage That night we were invited to Moe's Bar to meet the martial arts choreographers and stars of Kill Bill who'd been performing at the festival.

[emegannety]

Banh Mis and Road Rage

Vietnam

We arrived in Vietnam, our fourth country out of the total five. Our first stop was Hanoi. We wandered the old quarter, gawking at the many quirky cafes and shops. We were stopped along the West Lake a few times by Vietnamese students wanting to better their English. We sat and talked about our lives and the differences in them for the good part of an hour, after which they showed us some other sights of the city, like the Cathedral. 

 We left them and went in search of a Harry Potter themed cafe that a couple of Spanish girls we met in Laos had recommended. It was called Always Cafe and was heaven for any other Harry Potter geeks like me. As you enter the back room of the cafe you are greeted by the Hogwarts house flags, photographs and other memorabilia - even the Sorting Hat! We sat and ordered a Polyjuice Potion. The menu also included Butter Beer and other potions mentioned in the books and films. 

 We ended our time in Hanoi after a couple of days and went further north to Sapa. We stayed in the H'mong village of Lao Cia in the hills with a local girl named Ab, her husband and infant son. Our first night Ab cooked us an incredible meal. An array of different food on platters filled the table and we ate and ate until our stomachs could physically not fit any more food in. As an aperitif of sorts, Ab gave us a shot of "Happy Water", an alcohol they make in the hills out of rice. We drank and talked and learned some of the H'mong language, which is different to Vietnamese. Ab was the same age as us so it was interesting to see how different our lives were and what tribe culture was like compared to English culture. They taught us a drinking game involving the flipping of a coin into shot glasses and after a lot of "Happy Water" and a lot of laughter, we headed to bed. 

 The next morning we were greeted by another delicious and generous breakfast of pancakes, omelette and banana. After filling our stomachs to bursting point once more, we set off for our trek through the village, across the rice and corn fields and down the the valley. Ab took us the whole way and taught us some more about the H'mongs work in the fields and how exactly corn and rice is grown and harvested. As well as these, they also grow Marijuana to make clothing & tea and the Indigo plant to dye their fabrics and thread. We learnt how the dye works by wetting the leaves and rubbing them in our hands for a few minutes. This sure enough turned our hands a shade of Indigo and left it like this for around three or four days! 

 The views during our trek were incredible and 5 hours flew by. Before we knew it we were back at our homestay, having dinner again and packing our bags to leave for our next voyage in the morning. 

 We took a two day trip to Halong Bay, one of the seven natural wonders of the world and wonderful it was. We sailed through Halong Bay and stopped by the Dark and Light Cave situated between Halong Bay and Lanha Bay for a spot of kayaking, through the cave and into a beautiful lagoon. We then carried on the cruise to our own private island, Cat Ong Island. As the sun set, the city lights of Cat Ba Island shone bright from across the shore and was a stunning contrast from the simple island we were on. We ate barbecued seafood and fun cocktails while waiting for midnight to welcome in the new day with a bonfire on the beach. After a long, tiring but wonderful day, we were all ready for bed. We woke early again the next morning for our climb up to the top of the island. Only a short trip but a testing one at that, a few bumps and slips later we made it to the viewpoint and our next task was to climb back down and board the boat back to the mainland. 

 Once back on the mainland we travelled down to the middle of Vietnam, visiting Hue for a day and a delicious seafood dinner along the Perfume River at night before continuing on to Hoi An. Hoi An was stunning at night. We went for a walk along the river side and along to the night market. Going through the Old Town and over the bridge there were plenty of shops and restaurants open with lights and lanterns lighting up the streets and bridges. In the day we walked 45 minutes to the beach (you can cycle or get a taxi too) and spent the day lounging in the sun. As we walked back we were very aware that our faces were already slightly red and so tried our best to cover our skin with our towels as we journeyed back to the hostel, liberally applying sun cream every 15 minutes! 

 While we wanted our skin to recover from the slight burn we'd achieved at the beach in Hoi An, our next stop was funnily enough the beach city of Nha Trang. However the weather was not particularly "beach weather" so we enjoyed our first day spending time in the mud baths and mineral pools at I-Resort for a very small cost. We were able to have our own private mud bath then shower off in some fountains, take a dip in the various mineral pools situated around the spa and even go down a water slide and sit under waterfalls! 

That night, we went out into Nha Trangs beach bars and clubs with some other hostel guests. The drinks were expensive by Asia standards and the music was questionable but we had a great night none the less. The next day we walked along the beach with its perfectly trimmed bushes, sculpted into triangles and other shapes. Our hostel also had the option to enter an "Escape Room" so we gave it a go. We were given 60 minutes to crack the codes and break out of the rooms. It proved very difficult and unfortunately we did not succeed, although we were told that we were very close to breaking out! It was a really fun and challenging way to spend the evening. 

 We arrived to Da Lat the next day in the pouring rain so spent the night at the hostel having a "family dinner" with the other guests and swapping travel stories. It was very chilly and had been the coldest we'd been since Sapa! All the more reason to get into our cosy beds and look forward to the next day. We entertained ourselves in the cold, gloomy, almost English-like weather by entering Da Lats famous "Crazy House". An artistic collection of small houses, each designed in a different theme to the last, connected together by a series of high up outdoor bridges. We walked and got lost in the various rooms leading to who knew where, admiring the work that I could only closely describe as Alice in Wonderland on acid. 

 That night we decided to continue with the abstract and trippy building theme by going for drinks at 100 Roofs, a bar that was designed similar to the Crazy House. Entering through a small tunnel it is your mission to wander through the other tunnels, arches and hidden doorways, up and down various stairways to find the bar, the toilet and eventually your way out again. With little crevices allowing you to tuck yourself away and sit with your friends (should you not be separated by the maze) and a small rooftop bar overlooking the city, 100 Roofs was the coolest bar I have ever been and ever will have gone to. 

 After this we headed to Moi Ne to visit the Sand Dunes which were really cool to visit as I had no idea that Vietnam was home to such things! We followed the Fairy Stream along to a small waterfall. The walk was beautiful with greenery on one side and sand dunes on the other, filtering into the water as we waded through. When we actually arrived at the Sand Dunes later that day, we started to walk along (the option to quad bike was also available) and see how far we could get to get a really nice view. Unfortunately for us, the heavens opened and we were soon drenched before we could reach cover. The rest of the tour was chilly but we didn't let the rain dampen our spirits like it had done to our clothes. 

We ended our trip in Ho Chi Minh City (Saigon) as very knackered out girls. We did a day of wandering the city, visiting the harrowing War Remnants Museum which informed us of the horrors of the Vietnam War and Agent Orange. We also went inside the Cu Chi Tunnels where Vietnamese soldiers would hide and travel across Cu Chi to escape from the Americans. We travelled only 10m in the tunnels but that was enough for us! Me and Hannah are small girls and even for us it was a struggle, the humidity in the tunnels not making it any easier!

Vietnam was amazing really. In every corner of the country there is something to do and all so different from the last. I experienced some unforgettable memories here and met a hoard of especially lovely people who made the trip even more unforgettable. So thank you to those travellers & thank you Vietnam. I won't miss the traffic and the scary roads but I will miss your Banh Mis.

Hostels/trips in Vietnam: 

Hanoi - Hanoi Rocks Hostel  Sapa - homestay with Ab Lo (can reach on Facebook) Halong Bay - Ocean Tours Hue - FA Backpacker Hostel Hoi An - Hoa Binh Dalat - Mr Peace Backpacker Hostel Mui Ne - Mui Ne Backpacker Village Nha Trang - iHome Ho Chi Minh City - Saigon Charming Hostel