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TRANSPORT MINISTRY GRANTED AUTONOMY IN RESUMING INT’L COMMERCIAL AIR ROUTES
The Ministry of Transport has been granted autonomy in deciding the resumption of international commercial air routes.
Permanent Deputy Prime Minister Pham Binh Minh assigned the Ministry of Transport to work with other ministries, agencies, and localities to meticulously consider and decide on the resumption of international commercial air routes.
The guidance was made following the request by the national flag carrier, Viet Nam Airlines, to resume regularly-scheduled commercial flights to Europe and Oceania.
On December 10, the Government had approved the resumption of commercial flights between Viet Nam and nine destinations with high vaccination rates and good pandemic control measures in place, starting from January 1, 2022.
Specifically, regular flights are scheduled to resume to Bangkok (Thailand), Beijing/Guangzhou (China), Phnom Penh (Cambodia), San Francisco or Los Angeles (the U.S.), Seoul (South Korea), Singapore, Taiwan, Tokyo (Japan), and Vientiane (Laos).
Last week, the Ministry of Health said quarantine requirement is removed for foreign arrivals entering Viet Nam and staying no more than 14 days.
This policy is applicable to:
- Those entering Viet Nam for diplomatic and official purposes;
- Foreign investors, experts, skilled workers, business managers, those who travel to Viet Nam for market research, and their relatives;
- Others mutually agreed between Viet Nam and a foreign partner
- Those coming in contact with the aforesaid arrivals.
However, foreign arrivals and those who come in contact with them shall be required to strictly comply with the Ministry of Health’s 5K message: Khau trang (facemask)-khu khuan (disinfection)-khoang cach (distance)- khong tu tap (no gathering)-khai bao y te (health declaration).
Foreign arrivals must stay in specified places of residence to prevent the risk of community transmissions, have international insurance or have treatment expenses covered by inviting organizations and agencies if they contract COVID-19.
In case foreign arrivals wish to extend duration of stay in Viet Nam, current regulations on entry and exit and on COVID-19 prevention and control shall be applied.
Data from the United Nations Conference on Trade and Development (UNCTAD), according to Rồng Việt Securities Company (VDSC), showed global FDI in 2023 increased by 3 per cent compared to the year before, reaching over US$1.365 trillion, mainly attributed to a significant increase in European Union countries.
The Ministry of Public Security has proposed a procedure for foreigners’ e-identification registration, which is expected to take effect alongside the identification law on July 1 this year.
The resort real estate market is recording positive signs as demand, in both domestic and international tourist markets, is gradually recovering at a stable pace, thereby helping strengthen trust in the industry, according to Mauro Gasparotti, Director of Savills Hotels.
As of February 15, Viet Nam's total trade with the rest of the world hit US$84.74 billion, of which export value stood at US$ 44.42 billion. As such, the Southeast Asian country ran a trade surplus of US$4.1 billion in the reviewed period, according to the General Department of Viet Nam Customs.
Associate Professor, Dr. Phan Le Thu Hang, Deputy Director of the Department of Financial Planning, held that the Fourth Industrial Revolution and smart medical solutions will help Vietnam concertedly improve its health coverage, service quality, and medical costs, dubbed the three vertices of a triangle, which remains a hard nut to crack for every health system.
An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January, the municipal Statistics Office reported. An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January.