Sustaining Vietnam’s tourism growth

Textiles and garment is Vietnam’s third largest export sector, with turnover reaching USD 28 billion last year. However, the country has not been proactive in obtaining raw materials. As a result, to reach its export turnover, the textiles and garment sector consumed 8.9 billion sq.m. of cloth, of which domestic factories were able to produce only 2.8 billion sq.m., while six billion sq.m. of cloth was imported, worth USD 17 billion.  A worker at the Hue Textile and Garment Joint Stock Company  According to Nguyen Van Tuan, Chairman of the Vietnam Cotton and Spinning Association (VCOSA), apart from financial potential, foreign textile corporations also have a lot of experience in developing a synchronous production chain of textiles, fiber, weaving, dyeing and design.  This would be an opportunity for Vietnamese garment enterprises to access and learn technologies and strategies for long-term development, he said.  Pham Xuan Hong, Chairman of the Ho Chi Minh City Association of Garment Textile Embroidery-Knitting (Agtek), said the country’s participation in free trade agreements (FTAs) had contributed to the development of both the commercial value and internal strength of the Vietnamese textile and garment industry.  In terms of foreign investors, Sunny Huang, executive director of New Wide Group, said Vietnam has a lot of potential to attract textile and garment investment. Besides an abundant labor force and low cost of living, Vietnam also has infrastructure and transport network advantages, and the electricity and water supplies are better than in some other countries in the region, he added.  However, many…... [read more]

A worker at the Hue Textile and Garment Joint Stock Company (Photo: VNA) HCM City (VNA) - Foreign investment is needed to address the capital shortage in the production of textile and garment materials in Vietnam. In fact, to meet the demand for clothes and ancillary materials for outsourcing enterprises by 2025, Vietnam needs some 22 billion USD invested in textiles and dyeing. Textiles and garment is Vietnam’s third largest export sector, with turnover reaching 28 billion USD last year. However, the country has not been proactive in obtaining raw materials. As a result, to reach its export turnover, the textiles and garment sector consumed 8.9 billion sq.m. of cloth, of which domestic factories were able to produce only 2.8 billion sq.m., while six billion sq.m. of cloth was imported, worth 17 billion USD. According to Nguyen Van Tuan, Chairman of the Vietnam Cotton and Spinning Association (VCOSA), apart from financial potential, foreign textile corporations also have a lot of experience in developing a synchronous production chain of textiles, fiber, weaving, dyeing and design. This would be an opportunity for Vietnamese garment enterprises to access and learn technologies and strategies for long-term development, he said. Pham Xuan Hong, Chairman of the HCM City Association of Garment Textile Embroidery-Knitting (Agtek), said the country’s participation in free trade agreements (FTAs) had contributed to the development of both the commercial value and internal strength of the Vietnamese textile and garment industry. In terms of foreign investors, Sunny Huang, executive director of New Wide…... [read more]

A worker at the Hue Textile and Garment Joint Stock Company. – VNA/VNS Photo Foreign investment is needed to address the capital shortage in the production of textile and garment materials in Viet Nam. In fact, to meet the demand for clothes and ancillary materials for outsourcing enterprises by 2025, Viet Nam needs some US$22 billion invested in textile and dyeing, the Vietnam News Agency reported. Textile and garment is Viet Nam’s third largest export sector, with turnover reaching $28 billion last year. However, the country has not been proactive in obtaining raw material. As a result, to reach its export turnover, the textile and garment sector consumed 8.9 billion sq.m. of cloth, of which domestic factories were able to produce only 2.8 billion sq.m., while six billion sq.m. of cloth was imported, worth $17 billion. According to Nguyen Van Tuan, chairman of the Viet Nam Cotton and Spinning Association (VCOSA), apart from financial potential, foreign textile corporations also have a lot of experience in developing a synchronous production chain of textile, fiber, weaving, dyeing and design. This would be an opportunity for Vietnamese garment enterprises to access and learn technologies and strategies for long-term development, he told VNA. Pham Xuan Hong, chairman of the HCM City Association of Garment Textile Embroidery-Knitting (Agtek), said the country’s participation in free trade agreements (FTAs) had contributed to the development of both the commercial value and internal strength of the Vietnamese textile and garment industry. …... [read more]

Vietnam welcomed 10 million international visitors last year, the largest number ever, but more spending on tourism promotion is needed, a team of tourism enterprises told the second Vietnam Private Sector Forum (VPSF) early this week. The promotion of tourism remains poor and lacks uniformity and inefficiency. Spending totals about $2 million each year, compared to $69 million in Malaysia, $80 million in Singapore, and $105 million in Thailand. “Investment in promoting Vietnam’s tourism sector is among the lowest in the region, even lower than in Cambodia and Laos,” the team noted. It proposes three issues for the Prime Minister to consider: reviewing and adjusting the overall strategy and master plan for Vietnam’s tourism development by 2020, introducing policies and plans to make tourism a spearhead economic sector with turnover of $35 billion by 2020, and creating a mechanism to provide support in capital and interest rates for tourism enterprises. In response, Mr. Nguyen Van Tuan, General Director of the Vietnam National Administration of Tourism, said that Vietnam’s tourism sector is in the middle of an unprecedented period of high growth, and while growth potential is great there are many bottlenecks. In terms of funding for promoting the country’s image, Mr. Tuan said a tourism assistance fund is expected to be established by the end of this year and will have some VND400-500 billion ($17.6-$22 million) at its disposal. He added that instances of bad behavior in the country’s tourism sector needs to be monitored by localities and that policies…... [read more]

Vietnam National Administration of Tourism and firms discuss ways to improve local tourism as, according to various statistics sources, 70% of tourists do not return to Vietnam because of theft, congestion, food hygiene and pollution.     Tourists visit Chua mot cot (One-pillar pagoda) in Hanoi Many tourists are also overcharged and tricked into buying low-quality goods. The problem was discussed during the Vietnam Private Sector Forum on July 31. In 2016, Vietnam welcomed a record 10 million international tourists. However, very few tourists want to return for the second visit. "Only a few bad cases are needed to tarnish the image of Vietnam because information now spreads at high speed via the internet. Localities must pay more attention to ensure tourist safety and policies must be better," said Nguyen Van Tuan, head of Vietnam National Administration of Tourism. Tourism firms complained that the budget for promoting Vietnam is far too low, less than Cambodia and Laos. The official tourism promotion is weak and lacks any relationship to what firms and localities are doing. Vietnam only spends USD2m on tourism promotion a year, compared to USD69m in Malaysia, USD80m for Singapore and USD105m for Thailand. Nguyen Quoc Ky, head of Vietravel said Vietnam's tourism plan was outdated and wasted money and personnel. It needs more open policies, especially for visas, and support for start-ups. In addition, the authorities are not professional enough when dealing with problems.  Ky proposed to the prime minister to revise the tourism development plan to 2020,…... [read more]

VietNamNet Bridge – The Supreme People’s Procuracy announced it has indicted Chau Thi Thu Nga, former National Assembly deputy, and nine accomplices for their role in a VND377 billion (US$16.8 million) property scam. Chau Thi Thu Nga, former National Assembly deputy, has been indicted for her role in a massive property scam.  Nga, chairwoman of the Land and Housing Construction and Investment JSC (Housing Group), and nine others will be prosecuted on charges of “fraudulent appropriation of assets” under Article 139 of the Penal Code. According to the indictment, the B5 Cau Dien project (North Tu Liem District, Ha Noi City) was within the land assigned by the state to the Ha Noi Import-Export Investment Construction and Development Single-Member Co., Ltd. (HAIC) for production and business activities. It was a resettlement housing project meant to serve urban traffic development of the capital city, and not for commercial housing. However, Nga signed a partnership contract with Nguyen Van Tuan, HAIC chairman, to co-invest in the B5 project. The two intended to use the B5 land to construct apartment buildings and villas. The investigation found that the new plans for the project had not been granted a construction licence by the Ha Noi People’s Committee, but the group lured unsuspecting buyers for commercial housing through false advertisements. Between 2009 and 2013, by showing unapproved drawings of the apartments, Nga and other accomplices signed some 752 capital contribution contracts, collecting VND377 billion from home buyers, with a promise to transfer usage rights for…... [read more]

Two years after the establishment of the AEC, Vietnamese businesses are doing their best to find a way to gain market share in ASEAN markets. Vietnamese businesses have become more aware now of integration opportunities and challenges brought by the AEC than community. A survey conducted by the Vietnam Chamber of Commerce and Industry late last year, 1 year after the founding of the AEC, indicated that 47% of domestic enterprises have taken the initiative in finding information about the AEC. But to make full use of AEC’s advantages is not easy. The Vietnam Safe Agricultural Product Export Company is active in several European markets but has only enquired about the ASEAN market.  The company’s director Nguyen Van Tuan said the company wants to make thorough preparations for integration.  “We are studying the policies, mechanisms, and consumption patterns in the ASEAN markets. We need fact finding tours of their supermarkets to know what the locals prefer and whether or not our products can compete. I have visited ASEAN countries but only as a tourist. We are ready to join market study tours,” said Mr Tuan.  Nguyen Khac Son, Chairman of the Board of Directors and CEO of the Son An Group, said “The AEC provides businesses both challenges and opportunities. If enterprises know how to take advantage of the AEC, they will get much benefit. If they haven’t made careful preparations, they will face many difficulties.  Businesses of ASEAN members produce…... [read more]

Two years after the establishment of the AEC, Vietnamese businesses are doing their best to find a way to gain market share in ASEAN markets. Vietnamese businesses have become more aware now of integration opportunities and challenges brought by the AEC than community. A survey conducted by the Vietnam Chamber of Commerce and Industry late last year, 1 year after the founding of the AEC, indicated that 47% of domestic enterprises have taken the initiative in finding information about the AEC. But to make full use of AEC’s advantages is not easy. The Vietnam Safe Agricultural Product Export Company is active in several European markets but has only enquired about the ASEAN market.  The company’s director Nguyen Van Tuan said the company wants to make thorough preparations for integration.  “We are studying the policies, mechanisms, and consumption patterns in the ASEAN markets. We need fact finding tours of their supermarkets to know what the locals prefer and whether or not our products can compete. I have visited ASEAN countries but only as a tourist. We are ready to join market study tours,” said Mr Tuan.  Nguyen Khac Son, Chairman of the Board of Directors and CEO of the Son An Group, said “The AEC provides businesses both challenges and opportunities. If enterprises know how to take advantage of the AEC, they will get much benefit. If they haven’t made careful preparations, they will face many difficulties.  Businesses of ASEAN members produce…... [read more]

Vietnamese businesses have become more aware now of integration opportunities and challenges brought by the AEC. A survey conducted by the Vietnam Chamber of Commerce and Industry late last year, one year after the founding of the AEC, indicated that 47% of domestic enterprises have taken the initiative in finding information about the AEC. But to make full use of AEC’s advantages is not easy. The Vietnam Safe Agricultural Product Export Company is active in several European markets but has only inquired about the ASEAN market.  Vietnamese businesses are doing their best to find a way to gain market share in ASEAN markets.  The company’s director Nguyen Van Tuan said the company wants to make thorough preparations for integration. “We are studying the policies, mechanisms, and consumption patterns in the ASEAN markets. We need fact-finding tours of their supermarkets to know what the locals prefer and whether or not our products can compete. I have visited ASEAN countries but only as a tourist. We are ready to join market study tours,” said Mr. Tuan. Nguyen Khac Son, Chairman of the Board of Directors and CEO of the Son An Group, said, “The AEC provides businesses both challenges and opportunities. If enterprises know how to take advantage of the AEC, they will get much benefit. If they haven’t made careful preparations, they will face many difficulties. Businesses of ASEAN members produce similar products, so Vietnamese enterprises must create something that differentiates them…... [read more]

In five successive months, the number of international visitors to the country reached one million. According to the General Statistics Office of Vietnam, 6.1 million holiday-makers come to Vietnam by air, a year-on-year increase of 31.3 percent while 178,101 voyagers arrived in Vietnam, a rise of 13.3 percent compared to same period last year and 945,886 people by road, a surge of 17.3 percent compared same period last year. The number of Chinese tourists going to Vietnam reached 2.2 million, a 51 percent increase from the number in January 2016. The number of Russian, South Korea, Hong Kong, Spain, Cambodia, the Philippines, and Taiwan also went up with 49.3 percent, 46.8 percent, 30.1 percent, 27.8 percent, 23.6 percent, 23.4 percent, and 20.8 percent respectively. African tourists also increase with 19,973 people, a year-in-year surge of 28.1 percent. It is estimated that local tourists in first seven months were 46.9 million, bringing revenue of VND306,700 billion, up 25.7 percent compared to same period last year. According to the plan, in 2017, the tourism sector has to welcome 13 million tourists from all corner of the world. Head of the Vietnam National Administration of Tourism Nguyen Van Tuan said that the tourism sector adopted some measures. They are promotion campaign in and out of the country, especially concentrating key markets such as China, Northeast Asia, Southeast Asia. In addition, the sector should have more tourism products to attract holiday-makers in Vietnam longer and spend more during the stay. The sector…... [read more]




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