Business Briefing

Gold rate

At the end of September 3, SJC's 9999 gold price was listed at VND 65.7 million per tael (buying) - VND 66.7 million per tael (selling). Doji Hanoi listed the gold price at VND 65.75 million/tael (buying) and VND 66.55 million/tael (selling).

Photo: Zing

Aviation news: Vietjet resumes Ho Chi Minh City – Chiang Mai route

Vietjet on September 1 resumed direct service between Vietnam's southern metropolis Ho Chi Minh City and Thailand’s northern largest city Chiang Mai. The thrice-weekly service between the two destinations now operates every Tuesday, Thursday, and Sunday with a flight time of two hours. Flights depart from HCM City at 11:25 and arrive in Chiang Mai at 13:30. Return flights take off at 14:30 in Chiang Mai and land in Ho Chi Minh City at 16:35.

“We are delighted to bring back the only direct service connecting Ho Chi Minh City to Chiang Mai as the travel restrictions have been lifted and travel momentum is picked up,” said Vietjet Vice President Nguyen Thanh Son. “The nonstop flights are to serve the increasing travel demand for leisure and pilgrimage during the year-end season while promoting trade between the two countries and regionally. We will keep providing seamless connectivity with affordable fares and quality services for passengers to enjoy flying with Vietjet.”

Vietjet, together with Thai Vietjet, is the largest carrier operating between Vietnam and Thailand in terms of capacity, offering direct services from Hanoi/Ho Chi Minh City/ Da Nang to Bangkok and the only direct route between Ho Chi Minh City and Phuket/Chiang Mai. The carrier's new Phu Quoc – Bangkok service will start commencing from October onwards.

Vietnam and Thailand have lifted all COVID-19- related arrival regulations. From October 2022, the Thai government will increase the period of visa-free stay for tourists from over 50 countries including Vietnam, from 30 days to 45 days.

Photo: Zing

Investment news: Phu Quoc welcomes increasing investment in urban development

Attracting large capital for urban development is essential for Phu Quoc city, which houses Phu Quoc island – Vietnam's largest off the southern province of Kien Giang, serving its diverse and sustainable growth after years of investing in the entertainment-resort tourism industry, according to VNA.

A survey by the Vietnam Institute of Real Estate Studies (VIRES) showed that, in the past 3-5 years, over 90% of investors participated in the market’s tourism-resort realty segment. However, at the moment, the focus of investment has shifted to urban projects boasting transparent legality, with over 60% of investors interested in this segment. The vast majority of them chose long-term investment, expecting that the projects’ prices will increase many times in the coming years.

Vice president of VIRES Pham Nguyen Toan noted Phu Quoc is gradually transforming itself into a profitable investment and settlement destination. He also singled out shortcomings such as limited land supply, and a lack of new, sustainable, and multi-functional development models in health care, education, commerce, services, finance, and banking.

Vice Secretary of the Vietnam Urban Planning and Development Association Truong Van Quang said Phu Quoc is both a marine urban and economic area, hence a necessity to attract investment for growth in all of its four pillars – the entertainment industry, resort tourism, banking-financial services, and marine economy Its planning should be sustainable and environmentally friendly, he added.

According to the Vietnam Institute for Urban and Rural Planning (VIUP), the city’s overall planning orientation to 2040 covers 12 development zones based on landscape features, natural ecology, topographical features, and other conditions. Forecasting Phu Quoc’s real estate market for 2022 - 2025, Nguyen Van Dinh, Vice President of the Vietnam National Real Estate Association, said the local urban and residential segment, due to its scarcity and development potential, will still attract the attention of investors across the country, especially regarding mainstream projects with good quality infrastructure, beautiful landscape, and effective business exploitation.

Photo: Zing

Tourism news: Central provinces co-organise 1 tour-3 destinations for international guests

The Departments of Tourism of Binh Dinh, Phu Yen, and Khanh Hoa provinces have co-organized a workshop to develop “1 tour-3 destinations” to serve tourists from China, the Republic of Korea, and Japan. The three southern central provinces are located on the trans-Vietnam tourist route with rich tourism resources.

They agreed that each locality needs to identify its strengths of natural resources and unique tourism products to build a common tourism product “1 tour-3 destinations”. According to insiders, the three provinces should train high-quality tourism service staff, coordinate with airlines to open charter flights, and open flights to some major cities of China and the Republic of Korea, and Japan.

Weather Forecast

September 5-6: ‏According to National Center for Hydro-Meteorological Forecasting, Hanoi‏‏ will be cloudy, and sunny. Showers and thunderstorms may appear in the evening.

Ho Chi Minh City will be rainy in the afternoon. The daytime temperature fluctuates between 31-32 Celcius degrees, the average humidity is 77-84%.

Da Nang remains hot and sunny for most of the day. The highest common temperature is 34-35 Celcius degrees.

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