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“I’ve spent a number of years in Vietnam previously, having managed hotels in Phu Quoc and Ho Chi Minh City, and fell in love with the charm of this dynamic and developing country,” he explained. “My experience working closely with the local team to oversee multiple hotel departments, implement new brand standards, and develop and monitor growth strategies will take Fusion Suites Da Nang to a new level. I enjoy rolling up my sleeves and getting stuck in!” … [Read more...] about BUSINESS NEWS OCTOBER 11

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the US and Europe have the largest demands for tuna. A survey by US-based firm Tri Marine, which is now owned by Italy’s Bolton Group showed that canned tuna, which is a key export item of Vietnam, is favoured over other tuna products in the US market. … [Read more...] about BUSINESS NEWS OCTOBER 12

According to Trinh Quoc Vu, deputy head of Energy Saving under the Ministry of Natural Resources and Environment, with some 6,000 factories employing more than 3 million people, the industry is both economically and socially important for the country. However, the sector has an adverse environmental impact. Intensive water extraction, use and discharge of wastewater and high energy consumption for water heating and steam generation are all environmental concerns. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

On behalf of the Political Bureau, Pham Minh Chinh, Politburo member, Secretary of the Party Central Committee and Chairman of the Party Central Committee’s Organisation Commission, presented the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the draft report reviewing the implementation of Party building work and enforcement of the Party Statute of the 12th term. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13

Speaking at a press briefing yesterday, Huỳnh Văn Hùng, chief of HCM City Statistics Office, said: “This indicator has gradually improved over the last 10 years, from 0.9 per 10,000 in 2009 to only 0.2 per 10,000 this year. The proportion of families having housing is 99.8 per cent. The average housing area per capita this year is 19.4 square metres per person.” … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

Reducing dollarization, and the speculation and hoarding of foreign currencies helps the financial market work effectively. More importantly, the reduction in dollarization will ensure currency security for the Vietnam economy. “This is the government strategy to develop the banking sector by 2025 and 2030. Vietnam needs to stop lending in foreign currencies, for the short term in the immediate time, and then for medium and long term. There is a detailed roadmap for the implementation of the strategy,” said Dao Minh Tu, Deputy Governor of the State Bank. … [Read more...] about Vietnam central bank fighting against dollarization