This noodle soup is one more reason why you should visit Phu Quoc

NDO – A total of 9.11 million passengers arrived at Vietnamese airports in July, up 12.2% over the same period of 2016, according to the Civil Aviation Authority of Vietnam (CAAV). Of the number, international arrivals accounted for 2.34 million, up 2.1% and domestic visitors at 6.77 million, up 16.2% over the same period last year. According to a previous report by CAAV, during the first six months of the year, the aviation market continued to a show high growth rate, serving 30.3 million visitors, an increase of 19.5% over the same period in 2016. Passengers travelling through airports in Vietnam reached 46.3 million, up 17.5% and the transportation volume of Vietnamese airlines reached 21.8 million passengers, up 15.1%. In total, from the beginning of this year, the overall output of passengers through Vietnam's airports and airfields reached 55.41 million. The Vietnamese aviation transport market has involved the participation of 63 foreign airlines, from 25 different countries and territories, operating regular international flights to Vietnam. Foreign airlines and three Vietnamese airlines, including national flag carrier Vietnam Airlines, Vietjet Air and Jetstar Pacific Airlines, operate 105 international flight routes to and from Hanoi, Ho Chi Minh City, Da Nang, Nha Trang, Phu Quoc and Hai Phong. In the domestic market, Vietnam Airlines, Vietjet Air, Jetstar Pacific Airlines and Vasco are currently operating 52 domestic routes connecting Hanoi, Da Nang and Ho Chi Minh City with 18 local airports throughout the country. In addition to…... [read more]

The leasehold for home ownership for foreigners in Vietnam will be extended from 50 years to 99 years if the draft Law on Special Administrative-Economic Units is approved. Prime Minister Nguyen Xuan Phuc chaired a meeting on August 2 to discuss the draft.  He agreed to create an outstanding institutional framework that transcends existing laws and minimizes the application of business investment conditions in special zones, to attract investment into such zones. Regarding land policy, the law will be adjusted to extend the leasehold to 99 years for foreigners and allow them to mortgage assets in association with land use rights at foreign credit institutions. PM Phuc confirmed the determination to establish a law guaranteeing long-term and sustainable development. He highlighted the spirit of ensuring international and regional competitiveness and seeking advantages to attract investment. He asked the Ministry of Planning and Investment to update information on special zones and issues identified by strategic investors. Vietnam has 18 special economic zones with 325 industrial zones. At the end of 2016, the government agreed to establish three more: Van Don in northern Quang Ninh province, North Van Phong in south-central Khanh Hoa province, and Phu Quoc Island, off the coast of the Mekong Delta’s Kien Giang province. Vietnam opened up its housing market to outsiders in 2015, with a regulation stating that foreign investment funds, foreigners with valid visas, and international firms operating in Vietnam and overseas could buy unlimited residential properties with a leasehold of 50 years.  According to the…... [read more]

​Chanterelle-Spa by JW at JW Marriott Phu Quoc Emerald Bay Resort & Spa, developed by Sun Group and managed by Marriott International Inc., has been named “Southeast Asia’s Best Luxury Emerging Spa 2017” at the World Luxury Spa & Restaurant Awards 2017. Chanterelle-Spa by JW won Southeast Asia’s Best Luxury Emerging Spa 2017 RELATED CONTENTS: HARNN Heritage Spa wins double at World Luxury Spa Award 2017 Discover the quintessence of relaxation at Sun Premier Village Kem Beach Resort JW Marriott Phu Quoc Emerald Bay named Asia’s Leading New Resort Overtaking hundreds of luxury spas and restaurants in the region, Chanterelle-Spa by JW has emerged as the winner of this prestigious award after rigorous assessment and evaluation by leading experts and senior executives in the spa industry, as well as travel agencies and spa guests. According to the organisers, more than 100,000 votes were cast to determine the winner of each category. Chanterelle-Spa by JW at JW Marriott Phu Quoc Emerald Bay Resort & Spa Ty Collins, general manager of JW Marriott Phu Quoc Emerald Bay Resort & Spa, shared: “It is an incredible honour for us to receive this prestigious award from such a reputable organisation like World Luxury Spa & Restaurants Awards. This award is the proof of our dedication to creating a rich and unique experience for the guests at JW Marriott Phu Quoc Emerald Bay Resort & Spa.” JW Marriott Phu Quoc Emerald Bay Resort & Spa As a high-class spa with seven treatment rooms, one…... [read more]

The comeback of Dang Van Thanh, a well-known businessman, in 2014 has brought changes to Thanh Thanh Cong Group (TTC). Not only investing in sugar mills, TTC has also made long term investments in the tourism sector. Through its two subsidiaries – Thanh Thanh Cong Investment JSC and Thang Loi Tourism JSC —  TTC spent VND70 billion to buy a stake of Vinagolf to become the biggest shareholder of the tourism company. Vinagolf owns three 4-star hotels in Da Lat, Can Tho and Cambodia, and some 2-3 star-hotels in Da Lat and Hoi An. Prior to that, TTC wrapped up takeover of the 4-star Michelia hotel in Nha Trang City and the 4-star resort in Phan Thiet. Thanh believes that M&A is the quickest way for investors to expand business. Most recently, it completed the purchase of two hotels in Phan Thiet and Binh Thuan. These included the 4-star Park Diamond, which has been renamed TTC Hotel Premium – Phan Thiet, and a 2-star hotel which has been renamed TTC Palace Binh Thuan. It also has successfully taken over the Bau Truc resort in Ninh Thuan province and plans to inject US$10 million into the Doc Let Tourism Complex to upgrade into a 4-star facility.  In addition to M&A deals, TTC has been cooperating with other enterprises to develop accommodation facilities, including 4-5-star hotels in Hoi An. JLL Vietnam, a real estate service provider, commented that the Vietnamese real…... [read more]

Prime Minister Nguyen Xuan Phuc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments. Foreigners visit a fish source production facility in An Thoi Town, Phu Quoc Insland.  Phuc was speaking at a conference on Wednesday to discuss the draft Law on Special Economic Zones (or the Law on Special Administrative-Economic Units). Conference participants agreed that the law needed to provide additional incentives than those stipulated by current legislation in order to create outstanding advantages for special economic zones. For example, the Law on Land allows land lease of up to 70 years in economic zones, while many such zones in the world allow it for up to 99 years. Phuc agreed, saying that the Law on Special Economic Zones should consider lifting land lease duration and allowing the use of assets associated with land use right as mortgages at foreign credit institutions to create favourable conditions for investors but still comply with the Constitution 2013 as well as international regulations. In addition, the law must create a fair, transparent and stable investment environment and ease barriers to investments, Phuc said, adding that the compilation of the law must study the benefits and trade-offs in the short and long terms for the country and investors. Phuc stressed that it was critical to identify the competitive advantages of each special economic zone to direct investments into sectors of priorities and…... [read more]

Foreigners visit a fish source production facility in An Thoi Town, Phu Quoc Insland. — VNA/VNS Photo Dinh Hue Prime Minister Nguyen Xuan Phuc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments. Phuc was speaking at a conference on Wednesday to discuss the draft Law on Special Economic Zones (or the Law on Special Administrative-Economic Units). Conference participants agreed that the law needed to provide additional incentives than those stipulated by current legislation in order to create outstanding advantages for special economic zones. For example, the Law on Land allows land lease of up to 70 years in economic zones, while many such zones in the world allow it for up to 99 years. Phuc agreed, saying that the Law on Special Economic Zones should consider lifting land lease duration and allowing the use of assets associated with land use right as mortgages at foreign credit institutions to create favourable conditions for investors but still comply with the Constitution 2013 as well as international regulations. In addition, the law must create a fair, transparent and stable investment environment and ease barriers to investments, Phuc said, adding that the compilation of the law must study the benefits and trade-offs in the short and long terms for the country and investors. Phuc stressed that it was critical to identify the competitive…... [read more]

Prime Minister Nguyễn Xuân Phúc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments. Foreigners visit a fish source production facility in An Thới Town, Phú Quốc Insland. - VNA/VNS Photo Đình Huệ Phúc was speaking at a conference on Wednesday to discuss the draft Law on Special Economic Zones (or the Law on Special Administrative-Economic Units). Conference participants agreed that the law needed to provide additional incentives than those stipulated by current legislation in order to create outstanding advantages for special economic zones. For example, the Law on Land allows land lease of up to 70 years in economic zones, while many such zones in the world allow it for up to 99 years. Phúc agreed, saying that the Law on Special Economic Zones should consider lifting land lease duration and allowing the use of assets associated with land use right as mortgages at foreign credit institutions to create favourable conditions for investors but still comply with the Constitution 2013 as well as international regulations. In addition, the law must create a fair, transparent and stable investment environment and ease barriers to investments, Phúc said, adding that the compilation of the law must study the benefits and trade-offs in the short and long terms for the country and investors. Phúc…... [read more]

Vietnam’s government has expressed support for a new draft law that would give foreigners 99-year leaseholds on properties they buy in key investment areas. The Ministry of Planning and Investment presented the bill to the cabinet on Wednesday, suggesting the leasehold duration for foreigners in special economic zones should be nearly doubled from the current 50 years. Vietnam has 18 special economic zones and is developing three more in Quang Ninh Province near the Chinese border, the central province of Khanh Hoa, and Phu Quoc Island in the southern province of Kien Giang Province.  Prime Minister Nguyen Xuan Phuc said the bill had been carefully drafted but needed to stand out to draw more investment to the zones. The bill will be reviewed by the legislative National Assembly for approval this October. Vietnam opened up its housing market to outsiders in July 2015, allowing foreign investment funds, foreigners with valid visas, and international firms operating in Vietnam and overseas to buy unlimited residential properties with a leasehold of 50 years. There are around 82,000 foreigners working and living in Vietnam. Before the amendments to the Housing Law, each of them were elegible to buy one apartment providing they were either married to Vietnamese nationals, held managerial positions or had contributed to the country. Industry insiders believe that easing ownership restrictions has created more interest in the local housing market, but many people complain that regulations and paperwork are still very complicated for foreign buyers. Meanwhile, many Vietnamese are pouring…... [read more]

Prime Minister Nguyen Xuan Phuc (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has asked the Ministry of Planning and Investment (MoPI) to acquire feedback on the draft law on special administrative – economic zones and refine it to submit to the National Assembly at the October session for consideration.  During a meeting with ministries, sectors in Hanoi on August 2, the PM underscored the determination to make the best law on special administrative – economic zones to ensure the zones’ sustainable, long-term development. He directed the MoPI to update the latest information about special administrative – economic zones’ comparative advantages, including those regarding strategic investors. He underscored the need to establish sound framework mechanisms, prevent discrimination between domestic and foreign investors, and offer preferential incentives to investors. The PM suggested setting orientations to fields of Vietnam’s demand in special economic zones. Participants discussed land policies, organisation and activities of local authorities, and priority investors in special zones. They called for creating breakthrough mechanisms that forge a new and level playing field with attractiveness, transparency, stability in line with international practices. Attending the event were head of the Party Central Committee’s Organisation Commission Pham Minh Chinh, leaders of ministries, agencies and provinces of Quang Ninh, Khanh Hoa and Kien Giang, which are working on the projects to build Van Don, Bac Van Phong, and Phu Quoc special zones.-VNA ... [read more]

Mekong Delta provinces are on the right track to lure more holidaymakers and turn tourism into a spearhead industry after Prime Minister Nguyen Xuan Phuc approved a master plan to develop tourism in the region by 2020 with a vision to 2030. A corner at Cai Rang Floating Market in the Mekong Delta City of Can Tho. Kien Giang is among Vietnam’s top tourist destinations, blessed with many must-see attractions, particularly Phu Quoc Island. The province welcomed more than 3 million visitors in the first half of 2017, bringing in some 2.24 trillion VND (98.6 million USD) in revenue, up 20 percent from the same period last year. The number of visitors included about 201,000 foreigners and 1.5 million accommodated travellers, up 22 percent and 6 percent, respectively. According to Chairman of the provincial People’s Committee Pham Vu Hong, the increased tourist arrivals were due to the province’s efforts to improve local infrastructure and facilities at tourist spots and beaches and stimulate investment in high-class leisure centres and hotels.  Kien Giang has also connected tours with destinations in neighbouring localities and in other countries like Thailand and Cambodia and ramped up tourism promotion activities, he said. Can Tho received more than 4.5 million holidaymakers in the first seven months of this year, a year-on-year surge of 36 percent, helping the city earn about 1.3 trillion VND (57.73 million USD), up 15 percent. Most of the visitors took tours to Cai Rang Floating Market, eco-tours and sightseeing tours on rivers or…... [read more]




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