Business News

New-generation FDI attraction for 2018-2030 will focus on education and healthcare, the sectors making the most added value, in addition to financial services, metal forging & chemistry, hi-tech equipment, logistics, and pharmaceutical.

Industry insiders have urged the Government to further open up visa policy for foreign tourists to make Vietnam’s hospitality industry more attractive. Vietnam has set a target of welcoming 20 million foreign visitors in 2020 and developing tourism into a key economic sector, and one way of achieving that goal is to provide visa waivers for important markets, the insiders said.

Starting from August 11, Vietnamese and Chilean holders of ordinary passports will not need to apply for visa when traveling between the two countries following an agreement signed between the two countries on October 17, 2016.

Hong Kong-based SIBC International Ltd has proposed to the Can Tho authority a project to build a racecourse and an entertainment and tourism complex in the country’s southern city.

The Government has agreed to extend visa exemption policy for citizens from the UK, France, Germany, Spain and Italy. Minister-Chairman of the Government Office Mai Tien Dung released the news at the press conference on June 3.

The Ministry of Finance’s Department of Banking and Financial Institutions has been given the authority to grant business licences for casino and gaming services.

The Vietnam Tourism Association has proposed to continue visa exemptions for Western European tourists to boost tourism. According to the Vietnam Tourism Association, in order to implement the government's resolution to turn tourism into Vietnam's key sector, visa exemptions should be continued for visitors from major tourist markets.

MICE tourist arrivals to HCMC have recently soared, causing concerns among travel firms over possible shortages of hotel rooms and conference hall space.