Rehabilitating Vietnam tourism’s growth rate

Nhan Dan – In response to the Government’s economic stimulus, the Vietnam tourism sector has recently promulgated a national action programme to promote domestic tourism as well as to attract more foreign visitors to the country. After four months of deployment, the programme has brought back several satisfactory results, making a contribution to preventing the decline, raising competitive capacity and the position of Vietnam tourism and creating the linkage and unification in action among tourism enterprises nationwide, localities and related agencies.

Deputy PM welcomes US giants

Deputy Prime Minister Nguyen Sinh Hung received a delegation from the US-ASEAN Business Council led by its President Matthew Daley in Hanoi on May 15.

No shortage of US dollars: deputy governor of State Bank

Many firms have said they hardly buy US dollars these days or are buying at a higher price than the top price fixed by the State Bank of Vietnam. SGGP had an interview with the deputy governor of the bank, Nguyen Van Binh, about this issue on May 14.

Exchanging rice for cashew nuts proposed

The Vietnam Cashew Association (Vinacas) has petitioned the Government to exchange 100,000 tons of rice for 100,000 tons of raw cashew nuts a year with African countries, said representative at a Vinacas congress on May 15.

Gold price reaches all-time high

The global gold price May 16 surged US$5.2 an ounce to top $930.9 an ounce on increased US inflation.

 Cargo costs blow out as ships stranded

The cost of unloading cargo at Ho Chi Minh City ports has blown out because of a backlog, with ships queuing for up to a month for an unloading berth.

 Office rents tumble in first quarter

Office rents in Ho Chi Minh City fell as much as 20 percent in the first quarter, as new office buildings became available in a disinterested market, according to the latest report from real estate services provider CB Richard Ellis (CBRE) Vietnam.

Delayed highway project gets cash injection

The Ministry of Finance on Wednesday announced a VND2 trillion (US$114 million) injection for a long-delayed and cash-strapped highway project near Ho Chi Minh City.

London cabs will promote images of Vietnam through the dreary U.K. winter as part of a £20,000 (US$30,436) advertising campaign using the slogan, “Charming Vietnam.”

 National Assembly approves tax exemption

Delegates at the National Assembly Standing Committee Tuesday unanimously approved the extension of a personal income tax exemption by a month.