A swimming in the InterContinental Da Nang Sun Peninsula Resort. (Source: danang.intercontinental.com)
HCM City (VNA) – Vietnam’s hoteland resort market will see sustained or even accelerated growth in 2017,according to Alternaty, a real estate service company.
According to the company, Nha Trang, CamRanh and Phu Quoc will receive huge investment in the sector. Investors shouldbe prepared for an upcoming drop in demand, despite the growing number oftourists to the localities.
Hotel mergers andacquisitions (M&A) activities were limited in 2016, with thetransactions of InterContinental Asiana Saigon and Duxton HCM City among thehighlights. Rudolf Hever, executive director at Alternaty, said more M&Aswill take place in the coming years when new projects join the market whileinvestors will have to divest from ineffective projects.
Alternaty highlighted the growth of touristarrivals to Vietnam, saying that Vietnam will become a popular destinationthanks to many resort and hotel names at attractive prices. However, thecompany advised investors to use discretion to ensure sustainable development.
According to Alternaty, the sector reboundafter sluggishness in 2014 and 2015 thanks to a surge in internationalvisitors.
In 2016, Vietnam saw a year-on-year increaseof 26 percent in international visitors. The highest surge was seen from China,up 51 percent, the Republic of Korea (RoK) up 39 percent, Russia 28 percent,and Thailand 26 percent.
The number of tourists from Japan, the US,Taiwan (China), and Malaysia also increased over 10 percent.
However, Vietnam relied mostly on four keymarkets, namely China accounting for 27 percent of Vietnam’s foreign arrivals,followed by the RoK, 15 percent; Japan, seven percent and the US, six percent,according to Alternaty.-VNA
The top-notch InterContinental Da Nang has been named as the World’s Leading Luxury Resort at the recent Gala ceremony of the World Travel Awards 2016 in Maldives.
Authorities of central Binh Dinh province have directed agencies to seek investment in coastal tourism projects, in an effort to develop tourism into a key economic sector.
The central province of Thua Thien-Hue on January 9 granted an investment licence to Spain’s PSH Group to construct the Hue Amusement & Beach Park project in Phu Vang district.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A swimming in the InterContinental Da Nang Sun Peninsula Resort. (Source: danang.intercontinental.com) 
