Tag Archives: Vietnam

There is huge potential for the UAE and Vietnam to expand ties in renewable energy, trade, investment, logistics, maritime transportation, medical tourism and aviation, according to government officials and trade experts who spoke at the first Global Partnership Series event. The virtual forum, organised by Dubai Chamber of Commerce and Industry, in partnership with the Ministry of Industry and Trade of Vietnam, was attended by 80 participants from the UAE and Vietnam, including government officials, industry experts and business leaders. “I expect that the efforts from two sides will create the favourable conditions and further enhance the economic, trade, industry and investment relationship between Vietnam and UAE,” said H.E. Nguyen Manh Tuan, who outlined several recommendations for boosting bilateral ties including promoting cooperation between free zones, increasing business and knowledge exchange, and driving participation of businesses in the seminars, workshop, exhibitions and trade fairs organised in Vietnam and Dubai. Addressing participants, H.E. Majid Saif Al Ghurair elaborated on the state of UAE-Vietnam trade ties, which he said have expanded rapidly following the mutual opening of embassies many years ago, strategic cooperation agreements and the establishment of direct flights between the two countries. The UAE is Vietnam’s top trading partner in the Middle East and North Africa, and Dubai serves as a gateway for the re-exporting Vietnamese goods and products. Yet, he noted that there is still plenty of scope to expand Dubai-Vietnam non-oil trade beyond the $7.4 billion accounted for in 2019, adding that the virtual forum supports Dubai Chamber’s efforts to explore untapped economic potential in Vietnam and other emerging markets around the world.

IHG has opened its 1000th hotel in the EMEAA region with the opening of InterContinental Phu Quoc Long Beach Resort, in Vietnam. This comes as IHG continues its ambitious growth strategy across its newest and most geographically diverse region. The 1000th opening adds to an already strong portfolio in EMEAA, with hotels across eight brands, working in partnership with more than 500 hotel owners. IHG has an extensive development pipeline in EMEAA with 321 hotels (63,500 plus rooms) set to open in the next 3-5 years. InterContinental Phu Quoc Long Beach Resort is located on the pristine Phu Quoc island, a UNESCO World Biosphere Reserve off the coast of Vietnam. The resort combines InterContinental’s signature luxury with the island’s unique natural beauty and features 459 luxurious rooms, suites and villas, an exclusive beachfront, six restaurants and bars, and state-of-the-art meeting facilities. IHG’s EMEAA region is playing a key role in the company’s ambitions to grow at pace in key global markets. The rollout of voco™, IHG’s newest brand in the $40 billion upscale market, will begin in EMEAA, with a first signing already announced in Australia. IHG plans to open more than 200 voco hotels globally over the next 10 years. EMEAA is also a key focus as IHG builds out its luxury capabilities. IHG recently unveiled plans to expand its luxury and upscale estate in the UK through a conditional agreement with Covivio (formerly Foncière des Régions).

The International Travel Expo Ho Chi Minh City (ITE HCMC), the Greater Mekong subregion’s international travel event, concluded its 13th annual event in Ho Chi Minh City, Vietnam. A total of 5,282 meetings were conducted between the buyers and sellers during the three-day event, a 45 per cent increase from last year, reaffirming the importance of the event as the key bridge in the tourism industry for both inbound and outbound markets in Vietnam and the region. Endorsed by the Ministry of Culture, Sports & Tourism, Vietnam, and the Ho Chi Minh City People’s Committee, the event was organised by the Vietnam National Administration of Tourism, Ho Chi Minh City Department of Tourism, Informa Exhibitions, and the Vietnam Trade Fair & Advertising Joint Stock. ITE HCMC 2017 continued to be the leading travel trade event for the international and local travel businesses, creating unparalleled networking opportunities for them to keep up with the travel trends and establish connections with new business partners, further boosting the tourism potential of the country and the ASEAN region. ITE HCMC 2017 showcased the strong participation of 300 international and local travel companies, including international promotion agencies from Cambodia, China, India, Japan, Korea, Laos, Myanmar, Taiwan, Thailand, and Turkey.