Akibas trip foreign tourist

China's capital of Beijing with more than 20 million people reported its first case in the latest wave on June 11, with over 200 so far confirmed positive for the virus. Beijing is facing a second wave of Covid-19, linked to the Xinfadi wholesale market, a food distribution center in the city. … [Read more...] about Vietnam not ready to reopen doors to foreign tourists: PM

Vietnam had earlier this month lifted the requirement of 14-day quarantine at centralized facilities for foreign experts, investors, managers, and diplomats entering the country for less than 14 days, but required them to comply with all Covid-19 prevention measures including wearing masks and refraining from shaking hands. … [Read more...] about Vietnam mulls quarantining foreigners in hotels

A homestay in Sin Suoi Ho Village. Photo laichau.gov.vn “On average, each household here earns VND30-50 million per year from growing orchids. Households who both do homestay services and grow orchid also collect VND200-300 million per year. With that benefit, people now decorate their houses and multiply cymbidium orchids gardens to welcome tourists. We are also supported by the local government in training to make tourism more professional,” said Vang A Giang, an owner of a cymbidium orchids garden. … [Read more...] about Sin Suoi Ho, an attractive community-based tourism village

A report released by the MoIT shows that during the first eight months of the year, the local garment and textile industry contributed approximately US$22 billion to the country's overall export turnover, despite recording declines of more than 11% compared to the same period last year. Indeed, resurgence of novel coronavirus outbreaks globally has also caused more difficulties for Vietnamese textile and garment production, along with exports.  … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10

Hanoi (VNS/VNA) - Vietnam’s current account surplus could narrow to 3.7 percent in 2020 from 4.9 percent last year due to the impacts of the COVID-19 pandemic, according to Fitch Solutions. In a recent report on Vietnam’s outlook, the UK-based financial information services provider said this would mainly be due to the drop in tourism causing a sharp fall in the services trade balance. "We expect the collapse in tourism as a result of COVID-19 induced travel restrictions to cripple services exports," Fitch said in a statement. "Indeed, following border closures, tourist arrivals have fallen significantly from generally above a million every month to below 30,000 from April to July." Meanwhile, Fitch said, the primary income deficit was likely to narrow slightly on the back of Vietnam’s economic growth outperformance relative to the global economy, which will support profits for foreign investors and by extension, the income paid abroad. The external goods trade … [Read more...] about Vietnam’s current account surplus forecast at 3.7 percent