PM requests reform of e-visa procedures
Prime Minister Pham Minh Chinh has directed the Ministry of Public Security to increase the use of information technology and reform administrative procedures related to the issuance and application of e-visas at international border gates.
He also asked for reviewing and amending visa policies to facilitate the entry of tourists, says a notice on the Prime Minister's instruction released Sunday.
The Prime Minister requested the Ministry of Culture, Sports and Tourism to team up with other relevant agencies and consult with businesses and experts to soon finalize a draft prime ministerial directive on promoting the attraction of international tourists to the country in the new situation to be issued in January 2023.
Since March 2022, Vietnam has completely reopened tourism activities, welcoming international visitors earlier than many countries in the region. The tourism market has gradually recovered, while domestic tourism has rebounded strongly.
However, the number of international tourists to Vietnam fell sharply in 2022 to only 3.5 million, hitting 70% of the year’s five-million target, according to the Vietnam National Administration of Tourism.
The decrease was derived from China’s ‘Zero-covid’ policy, Vietnam’s limited visa policy, the Ukraine- Russia war, and the global economic downturn in the last months of the year.
In December, 2022, the Ministry of Culture, Sports and Tourism had proposed the government extend the temporary stay period for international visitors to Vietnam from 15 days to 30 days.
The 15-day visa exemption period is very short compared to other countries in ASEAN, and not suitable for the long-term travel needs of international tourists, especially markets as far away as Europe, who often travel for three to four weeks, it argued.
The visa-free period of many ASEAN countries lasts from 30 days to 45 days, even 90 days. For example, Thailand launched its Special Tourist Visa of Thailand (STV) for guests staying up to 90 days.
Besides, there is increasing competition from countries in the region. Many create attractive conditions by providing visa-free entry for international visitors. For instance, Malaysia and Singapore have visa-free policies for 162 countries. The figures for the Philippines, Thailand, and Vietnam are 157, 65 and 24, respectively.
- Read More
Indonesia launches 37 energy projects
Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on Monday as the country is on track to achieve energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:02 pm GMT+7
Indonesia optimistic about ending fuel imports in five years
Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government's goal of achieving energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:00 pm GMT+7
Thailand eyes cryptocurrency to boost economy
Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.
Southeast Asia - Tue, January 21, 2025 | 9:59 pm GMT+7
Indonesia launches international carbon trading platform
Indonesia on Monday launched its first international carbon trading platform, contributing to promoting the country’s climate and sustainable development goals.
Southeast Asia - Tue, January 21, 2025 | 9:58 pm GMT+7
Indonesia to tender new oil & gas blocks, reduce LPG imports
Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.
Southeast Asia - Tue, January 21, 2025 | 9:56 pm GMT+7
Vietnam's leading private lender Techcombank books record profit in 2024
Techcombank, a major private lender in Vietnam, posted VND27.5 trillion ($1.09 billion) in pre-tax profit in 2024, up 20.3% year-on-year and an all-time high.
Banking - Tue, January 21, 2025 | 9:48 pm GMT+7
Vietnam, France should partner in deep processing of strategic minerals, metals: Deputy PM
French and Vietnamese enterprises should pilot cooperation in mining and deep processing of strategic minerals and metals, said Deputy Prime Minister Tran Hong Ha.
Economy - Tue, January 21, 2025 | 9:30 pm GMT+7
Bamboo Capital Group redeems over $15.7 million worth of bonds before maturity
Bamboo Capital Group (HoSE: BCG), a Vietnamese private multi-sector corporation, has completed the first phase of redeeming bonds worth VND397.16 billion ($15.72 million), in line witth its roadmap to buy back VND500 billion worth of bonds two years before maturity.
Bamboo Capital - Tue, January 21, 2025 | 8:02 pm GMT+7
Central Vietnam province Khanh Hoa seeks growth momentum from FDI
The south-central coastal province of Khanh Hoa is diversifying approaches to attract foreign direct investment (FDI), with several major projects to be launched, according to the provincial mayor.
Industries - Tue, January 21, 2025 | 4:33 pm GMT+7
Two leading Vietnamese brokers report steep profit declines in Q4/2024
Saigon Securities Inc. (HoSE: SSI) and VnDirect Securities (HoSE: VND), the two largest brokerage firms in Vietnam by charter capital, experienced a sharp decline in net profit in the fourth quarter of 2024.
Companies - Tue, January 21, 2025 | 3:39 pm GMT+7
More M&A deals expected in Vietnam’s plastics industry: association chairman
Foreign companies will face challenges acquiring land and making greenfield investments in plastic factories in Vietnam, prompting them to enter the market via acquisitions, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber and Plastics Association.
Companies - Tue, January 21, 2025 | 3:12 pm GMT+7
New rules on securities, banking ownership limitations in Vietnam
Vilaf law firm analyzes the newly-promulgated rules related to the amendments and supplements to the Law on Securities 2019; the roadmap to ensure compliance with ownership limitations of the Law on Credit Institutions 2024; and the amendments of regulations on certificates in insurance sector.
Consulting - Tue, January 21, 2025 | 1:52 pm GMT+7
Vietnam, Czech elevate ties to strategic partnership
Vietnam has become the first Southeast Asian country to have a strategic partnership with the Czech Republic.
Politics - Tue, January 21, 2025 | 10:34 am GMT+7
Vietnam seaport firms report strong profits in 2024
Many seaport companies in Vietnam have logged significant profit increases for 2024 compared to the previous year.
Companies - Tue, January 21, 2025 | 8:17 am GMT+7
ASEAN members agree to build safe digital environment
Thai Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong said that participants at the 5th ASEAN Digital Ministers Meeting (ADGMIN) have agreed that online fraud and call center gangs are urgent issues that require a collective effort to address.
Southeast Asia - Mon, January 20, 2025 | 8:20 pm GMT+7
Thailand to have first FTA with Europe’s trade bloc EFTA
A free trade agreement between Thailand and the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on Thursday, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.
Southeast Asia - Mon, January 20, 2025 | 8:16 pm GMT+7
- Opinion
-
Vietnam embraces new wave of investments: HSBC exec
-
Chinese e-commerce giant Temu's Vietnam entry: unfair competition or market economy norm?
-
Vietnam's economy: positive changes but concerns persist
-
Slow administrative procedures hinder Korean investments in Vietnam: KoCham chair
-
Abundant real estate opportunities surround HCMC
-
Vietnam needs to modify FDI incentives to stay competitive amid global minimum tax application: expert