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January 31

Released at: 16:12, 31/01/2018 PRESS WATCH

January 31

VET's round-up of news from Vietnamese media for January 31.

January agriculture, forestry and fishery exports up 26%

Vietnam earned $3.09 billion from exporting agriculture, forestry and fishery products in the first month of 2018, a year-on-year increase of 25.9 per cent, according to the Ministry of Agriculture and Rural Development. Exports of agricultural, forestry and fishery products totaled $1.68 billion, $745 million, and $560 million, for year-on-year growth of 34.1 per cent, 18.5 per cent, and 15.6 per cent.

Foreign visitors rise 42% in January

The number of foreign visitors to Vietnam in January was estimated at over 1.43 million, a year-on-year increase of 42 per cent, according to the General Statistics Office. The figure increased 12.1 per cent against December. The number of foreign visitors rose sharply as overseas Vietnamese returned home from Europe and the Americas.

Third phase of Bac Lieu wind power project underway

The installation of 71 turbines in the third phase of the VND8.9 trillion ($391.6 million) Bac Lieu Wind Power Plant began in Vinh Trach Dong commune in the Mekong Delta city of Bac Lieu on January 30. This phase is part of efforts to enhance trade and investment ties between Vietnam and Thailand. With the new turbines, the project will house a total of 133 turbines with a total capacity of 241.2 MW. The third phase alone has a capacity of 142 MW. The project is in line with national electricity development planning for 2011-2020 and vision towards 2030 and Bac Lieu’s wind power development planning to 2020 and vision towards 2030.

Tariffs on Japanese goods coming down

Thousands of Japanese goods imported into Vietnam will enjoy zero percent tariffs in line with commitments made in the Vietnam - Japan Economic Partnership Agreement (VJEPA) and the ASEAN - Japan Comprehensive Economic Partnership Agreement (AJCEP) for 2016-2019. Under Vietnam’s new import tariff regime, 5,545 products imported from Japan will have lower tax rates this year than last year.

Thang Long Investment divests from King’s Garden Resort

The Thang Long Investment Group (TIG), the owner of King’s Garden Resort and Villas, has divested its entire stake in Thang Long Royal Plaza after the project was suspended for many years. TIG has found a partner to purchase its stake after the Board of Directors approved the divestment last month. Thang Long Royal Plaza is invested by the Hanoi ICT Plaza JSC, in which TIG previously held 61.8 per cent. It bought an additional 400,000 shares in December, raising its ownership to 71.2 per cent.

Tourism to be developed at Black Lady Mountain in Tay Ninh

Prime Minister Nguyen Xuan Phuc has approved a master plan to develop the Ba Den (Black Lady) Mountain national tourism site in the southern province of Tay Ninh into a special spiritual and cultural site by 2035. Some 3,000 ha spanning Tay Ninh city’s Ninh Son ward, Ninh Thanh ward, and Thanh Tan commune and part of Phan commune in Duong Minh Chau district will be zoned off for the site. Under the plan, economic, population, land use, and infrastructure factors will be prioritized.

Caterers up in arms over tourism draft

Local catering service providers have objected to a draft circular prepared by the Ministry of Culture, Sports, and Tourism that states a restaurant can only be recognized as at a suitable standard for international visitors if it can accommodate at least 50 guests at a time and accept credit cards. The draft circular, meant to provide guidance on implementing the Law on Tourism, has been circulated by the ministry for comment. The new regulations are aimed at raising the quality of tourism service providers to meet higher demand.

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