Vietnam a key destination for Royal Caribbean cruises: exec
Vietnam and the UNESCO-recognized Ha Long Bay are important stops for Royal Caribbean cruises, said Wendy Yamazaki, regional vice president, government relations (Asia) of Royal Caribbean Group.
Vietnam is one of the three favorite destinations in Asia, along with Thailand and Singapore, Yamazaki said at a meeting with Quang Ninh’s Chairman Cao Tuong Huy on Friday as the Celebrity Solstice cruise ship docked in Ha Long Bay.
Yamazaki highly spoke of Quang Ninh’s efforts to boost cruise tourism, including the construction of the first exclusive cruise ship quay in Vietnam.
She also expressed hope to increase cooperation with the northern province by introducing more attractive cruise tourism offers that suit the diverse demands of international tourists, particularly high-spending travelers.
The executive suggested the provincial government further loosen visa requirements, expand its visa exemption policy, and increase the application of technology in processing immigration procedures.
For his part, Huy noted that the Vietnamese government and Quang Ninh pay great attention to boosting cruise tourism, which has been present in the province since the 1990s, and have created favorable conditions to lure more cruise tourists.
He proposed Royal Caribbean make Ha Long Bay one of its regular stops and advise the local government on how to turn this attraction into a major cruise tourism hub like Hong Kong, Singapore, Japan and South Korea.
Launched in 1969, Royal Caribbean sails itineraries to over 270 destinations in more than 60 countries on six continents, including Ha Long Bay and several stops in Vietnam.
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Vietnam interest rates under rising pressure to go north in 2024: central bank
Vietnam’s banking sector will face significant challenges in the near future, including mounting pressure for higher interest rates, amidst global economic uncertainty and domestic economic risks, says Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Banking - Sun, December 15, 2024 | 2:17 pm GMT+7
Daughter of Vietnam jewelry major PNJ head to spend $15 mln on company’s shares
Tran Phuong Ngoc Thao, vice chairwoman of Phu Nhuan Jewelry JSC (PNJ), has registered to purchase 4 million PNJ shares between December 18 and January 16, 2025.
Finance - Sun, December 15, 2024 | 10:20 am GMT+7
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While the VND/USD exchange rate may cool off toward the VND25,000 mark, interest rates on savings could see modest increases over the rest of the year, broker MB Securities (MBS) said in its latest macroeconomic report.
Banking - Sun, December 15, 2024 | 10:03 am GMT+7
US policy changes likely to impact Asia and Pacific growth
Asia and the Pacific’s economic growth will remain steady this year and next, but expected U.S. policy changes under the incoming administration of President-elect Donald Trump are likely to affect the region’s longer-term outlook, write Asian Development Bank (ADB) analysts in the latest edition of Asian Development Outlook (ADO).
Consulting - Sun, December 15, 2024 | 8:00 am GMT+7
Vietnamese hospitality firm Vinpearl seeks to mobilize $197 mln before stock relisting
Vinpearl JSC, the hospitality arm of Vietnam's leading private conglomerate Vingroup, will offer more than 70 million shares to the public at VND71,350 apiece, for proceeds of over VND5,000 billion (nearly $197 million).
Finance - Sat, December 14, 2024 | 10:12 pm GMT+7
Vietnam has 174 FDI projects in semiconductor sector: minister
Vietnam is now hosting 174 foreign-invested projects in the semiconductor sector, with a total registered capital of nearly $11.6 billion, according to Minister of Planning and Investment Nguyen Chi Dung.
Industries - Sat, December 14, 2024 | 4:47 pm GMT+7
‘Euro’ leads Vietnam’s most trending Google search in 2024
Google has released its “Year in Search” list for 2024, with "Euro" emerging as the most trending search term among Vietnamese internet users.
Society - Sat, December 14, 2024 | 3:35 pm GMT+7
Vietnam Airlines posts first profit in 4 years, record revenue since listing
National flag carrier Vietnam Airlines JSC is estimated to earn VND6.26 trillion ($246.57 million) in pre-tax profit in 2024, marking its first return to profitability since 2020.
Companies - Sat, December 14, 2024 | 2:56 pm GMT+7
Fraud in coconut growing area codes must be strictly addressed: Vina T&T Group exec
The buying and selling of growing area codes in the coconut sector are severely damaging Vietnam's reputation and competitiveness, says Nguyen Phong Phu, deputy technical director of Vina T&T Group.
Companies - Sat, December 14, 2024 | 12:11 pm GMT+7
KKR's investment portfolio features 4 firms in Vietnam
American global investment firm KKR currently has investments in four Vietnam-based companies, namely EQuest Education Group, KiotViet, Saigon Medical Group, and Vinhomes.
Investing - Sat, December 14, 2024 | 7:56 am GMT+7
Vietnam Aeon's second most important market: exec
Vietnam is retail giant Aeon's second most important market, after Japan, says Kazaoka Takao, chief merchandising officer at Aeon Vietnam.
Companies - Fri, December 13, 2024 | 11:18 pm GMT+7
Thai gov't collaborates with Google to combat cyber threats
The Thai government has intensified efforts to combat severe cyber threats, particularly malicious applications that siphon funds from users' accounts.
Southeast Asia - Fri, December 13, 2024 | 10:25 pm GMT+7
S&P affirms Thailand's BBB+ credit rating with stable outlook
S&P Global Ratings has reaffirmed Thailand’s sovereign credit rating at BBB+ with a stable outlook.
Southeast Asia - Fri, December 13, 2024 | 10:20 pm GMT+7
USD price likely to hit VND25,450 by Q2/2025: StanChart
Standard Chartered forecasts Fed rate cuts, which should lead to a softer-USD bias over the next few quarters, will result in the exchange rate of USD/VND at 25,250 by the end of 2024 and 25,450 by Q2/2025.
Economy - Fri, December 13, 2024 | 10:03 pm GMT+7
ThaiBev earns $1.71 bln revenue from Vietnam in fiscal year 2024
Thailand’s largest beverage firm Thai Beverage (ThaiBev) earned a revenue of THB58,319 million ($1.71 billion) in Vietnam in fiscal year 2024 (ending September 30, 2024), down 2.7% year-on-year.
Companies - Fri, December 13, 2024 | 6:59 pm GMT+7
56.1% of Japanese firms target expansion in Vietnam: survey
As many as 56.1% of Japanese firms aim to expand their activities in Vietnam in the next one to two years, reflecting their stable business confidence, according to a survey of the Japan External Trade Organization (Jetro) for fiscal year 2024.
Economy - Fri, December 13, 2024 | 6:51 pm GMT+7
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