Stimulus package for tourism sector

LookAtVietnam – Since the beginning of this year, Vietnam has been implementing the stimulus package “Impressive Vietnam” to attract more tourists to the country.  Under this programme, tourists will enjoy a 30-50 percent discount for tours nationwide.
Positive signs
There have been positive signs for the tourism sector this year during the Lunar New Year festival. Vietnam [...]

Grim warning for local banking sector

A customer completes a transaction at an Asia Commercial Bank branch in Ho Chi Minh City’s District 1

With lending activities expected to generate less profit and bad debt tipped to rise, the local banking sector is facing a testing time this year, experts and bankers say.

Vietnam’s credit growth in 2008 was 22 [...]

Tourism sector aims to retrieve lost ground

Foreign visitors at an information center in Ho Chi Minh City Friday. Tourism arrivals have dropped sharply of late, prompting authorities to launch a huge promotion campaign targeting across the board price cuts.

A large scale promotion campaign to try and staunch the sharp decline in visitor arrivals will need a concerted, cooperative and proactive effort [...]

Retail sector prime for grand opening

This month, Best Carings, the franchise of Japanese electronics supermarket chain Best Denki, will open a shop in HCMC, its third outlet in the country this year.

Many foreign companies have been eagerly awaiting the opening of Vietnam’s retail market, but a series of challenges await them.

One month from today, wholly-owned foreign [...]

Slowdown washes over shipping sector

Many ships are stuck at Vietnamese ports, awaiting a full load before departing on long distance voyages

In a sign the global economic downturn has already severely impacted Vietnam’s exports, domestic and international shipping charges have sharply decreased over the past few months.

Bien Dong Shipping Company General Director Bui Quoc Anh said shipping [...]