16:43 (GMT +7) - Tuesday 21/08/2018
Binh Phuoc licenses over $1 bn in investment

Business 21/8/2018

Binh Phuoc licenses over $1 bn in investment

Province issues licenses to 24 projects at local investment promotion conference on August 20.

Novaland to build hospitality projects in Can Tho

Developer's projects aimed at sustainable development in Mekong Delta's tourism sector.

1

Lending extending beyond banks

The consumer finance market is witnessing a golden age of development but some caution is needed.

2

Bao Viet Insurance & Bangkok Insurance strike deal

Two to provide insurance services for investors from Vietnam in Thailand and vice-versa.

3

Hanoi tourism portal introduced

All important information for a visit to Vietnam's capital provided in one place.

4

August 14: VN-Index up 0.02%

HNX-Index the only loser.

5

Moody's updates ratings of Vietnamese banks

Ratings agency takes rating actions on number of local banks.

6

Logistics must grow for e-commerce

Sector's development key to success of e-commerce in Vietnam, according to JLL report.

7

FastBike Pro launched in HCMC

FastGo heads to southern city after initial success in Hanoi.

8

Paradise Cruises bans plastic straws on all vessels

First step taken in plan to eliminate all disposable plastics on Paradise's cruises by end of year.

9

First Canali store opens in Hanoi

Gentlemen in capital now have more options in elite clothing.

10

Issue 294

The travel industry, in Vietnam and around the world, is experiencing an unprecedented level of change. Locally, international operators are arriving in increasing numbers and the concept of homestays is beginning to take hold among property owners and tourists alike. The greatest challenge for the industry worldwide, meanwhile, is the advent of new technologies that allow tourists to book virtually every aspect of their holiday online.

Commodities

Crude Oil: $59.48 ? -0.27%
Copper: $2.64 ? 0.38%
Sugar: $134.30 ? 1.21%
Coffee: $12.05 ? -2.19%
Gas: $2.75 ? 0.00%
Corn: $375.25 ? -1.83%

Source: vietstock

Exchange Rates

Unit: VND

NABuySell
EURNANA
GBPNANA
JPYNANA
SGDNANA
USDNANA

Source: Vietcombank

Gold

Unit: milion VND/ounce

Province Buy Sell
SJC NA NA
Ring NA NA

Source: SJC

Weather

Hanoi, vn

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Sky is Clear

NA m/s Light breeze

South-southwest (NA)

NA% NA hPa

BUSINESS SPOTLIGHT

Editor’s letter

Vietnam has seen major growth in the presence of international hotel and resort brands and foreign management companies over the last few years. From 30 hotels and resorts operating under international brands in 2010 there were a total of 79 as at the end of 2017... Our Cover Story this month therefore puts the spotlight on the country’s hospitality sector, with the theme “New trends in the market” and with main angles being innovation in Vietnam’s hospitality sector; the travel business’s increasing reliance on digital information systems and online processes; what hotels are doing to attract more travelers seeking authentic, personalized experiences; the trend towards the home-sharing economy and homestay services; and forecasts on the development of the hospitality sector...(read more)

In this August, The Guide focus is on sports tourism, which is now considered a particularly useful addition to efforts to bolster tourism numbers to the country, which are already growing at an astronomical rate.