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Friday, April 4, 2025

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A catalyst for inbound tourism

Vietnam has since mid-August issued e-visas to citizens from all countries and territories to boost inbound tourism. With this change, many enterprises have also been preparing to serve international guests until the end of the year. Attracting international tourists The validity of the e-visa has been extended from 30 days to a maximum of 90 days since August 15th. During this 90-day period, foreign travelers from all countries and territories worldwide are allowed to enter and exit the country multiple times, regardless of their visit’s purpose, whether for business or leisure. The law also allows citizens of countries subject to Vietnam’s unilateral visa waiver to have temporary residence for 45 days instead of the previous 15 days. They can also apply for visas and extend their stay, following the current regulations. Nguyen Ngoc Toan, a representative of Image Travel and Event Company Limited, believes that this visa policy will attract foreign travelers who want to stay in Vietnam for over a month. These guests usually fall into two groups. The first group consists of retirees who have a few months to enjoy their vacation, especially when it is very cold in their home countries during winter. The other group includes […]
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Insurance industry mired in difficulties

Apart from industry-specific difficulties, the trend of interest rates going down will also make inroads into insurers’ profitability. Bancassurance grinds to a halt The insurance industry...

Real estate market not out of the woods

Being a significant magnet for capital inflows within the economy, the real estate market does not just impact industry players; its repercussions extend to...

Jan-Aug FDI in real estate sector drops over 47%

HCMC - New foreign direct investment (FDI) approvals in the real estate sector in the first eight months of this year amounted to US$1.76...

FDI sector takes lion’s share in mechanical engineering exports

HCMC - The foreign direct investment (FDI) sector holds the lion's share in Vietnam's mechanical engineering exports, leaving a meager portion for local enterprises. Nguyen...

Phan Thiet-Dau Giay Expressway faces heavy traffic congestion

HCMC - Serious traffic congestion occurred on the newly-built Phan Thiet-Dau Giay Expressway, the direction from Dong Nai to Binh Thuan, this morning, September...

Jan-Aug aquatic product output put at 5.9 million tons

HCMC – Vietnam's aquatic product output from January to August reached 5.9 million tons, up 1.9% year-on-year, according to the Vietnam Directorate of Fisheries...

HCMC-Trung Luong-My Thuan Expressway set for expansion

HCMC - Deputy Prime Minister Tran Hong Ha has directed the Ministry of Transport to explore options for widening the HCMC-Trung Luong and Trung...

One-fifth of real estate exchanges at risk of shutdown – VARS

HCMC – Around 20% of real estate exchanges are facing the threat of dissolution or bankruptcy, with an additional 40% barely managing to sustain...

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