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Dung Dang, Visa's country manager for Vietnam and Laos said, “For more than a decade, the Global Travel Intentions Study has equipped Visa and its partners with unparalleled insights into the travel and payment landscape. This invaluable knowledge allows operators in the industry to plan and execute effective strategies to satisfy consumer demands and grow their businesses, all while reinforcing Visa’s commitment to creating a cashless society.” Emerging trends powering the travel boom The GTI 2023 revealed an ongoing trend in the Vietnamese travel industry, with the rise of Gen Z and families with children as significant contributors to the growth. In terms of leisure trips, families travelling with kids and the older generation made the most trips over the past 12 months, with an average of 2.4. Gone are the days when travel was solely about ticking off landmarks from a checklist. Vietnamese travellers are now placing a strong emphasis on leisure-focused and … [Read more...] about A journey of discovery from Visa Global Travel Intentions Study 2023

Visitors to a booth of a Vietnamese company at the Uttar Pradesh International Trade Show (Photo: VNA) New Delhi (VNA) – Nearly 50 enterprises from Vietnam attended a trade promotion and business matching programme on September 22-23 as part of the Uttar Pradesh International Trade Show (UPITS), held for the first time by the administration of the Indian state of Uttar Pradesh . The Vietnamese delegation accounted for over 10% of the international guests invited by the Uttar Pradesh administration to the UPITS, organised in coordination with the Federation of India n Export Organisations (FIEO). With support from the Trade Office of Vietnam in India, the delegation attended business matching events and export promotion forums held by FIEO. Addressing a forum, FIEO Director General Ajay Sahai said by building an export ecosystem, Uttar Pradesh will become an export hub of India and make tremendous contributions to the country’s gross domestic product. Meanwhile, … [Read more...] about Nearly 50 Vietnamese companies join trade promotion event in India

Farmers harvest rice in the field. Rice exports during the first seven months this year tallied 2.54 million tonnes with a value of 40.8 billion baht, a gain of 51.8% year-on-year. (Photo: bangkokpost.com) Bangkok (VNA) – The Agricultural Economics Office of the Agriculture and Cooperatives Ministry in Thailand has forecasted a decline in rice production for the country’s 2023-24 harvest season, primarily due to the effects of the El Niño weather phenomenon. The rice output is expected to reduce by approximately 871,000 tonnes, a decrease of 3.27%, to 25.8 million tonnes. Deputy Secretary-General of the Agricultural Economics Department, Tantita Bunyamaneekul, reported a reduction in the country’s rice cultivation area for the 2023-24 crop year, which totalled 62.4 million rai (9.98 million ha). This is a reduction of 602,000 rai or 0.96% from the previous year. This decrease in cultivation area is largely due to changes in weather conditions, which have resulted in delayed … [Read more...] about Thai rice output forecasted to fall due to El Nino

Passengers at Tân Sơn Nhất International Airport in HCM CIty. — VNA/VNS Photo Hồng Đạt The number of passengers travelling by air in the first nine months of the year increased by 20 per cent compared to the same period in 2022, reaching 89 million, according to the Civil Aviation Authority of Việt Nam (CAAV). Among these passengers, the number of international travellers hit 23.7 million, representing an extraordinary growth rate of 267 per cent compared to the same period in 2022. Domestic passengers amounted to 65.2 million, marking a modest decrease of 4 per cent over the same period last year. Between January and September, Vietnamese airlines carried 44.1 million people, a year-on-year increase of 20.3 per cent. Of the total, there were 11.5 million international passengers, up 300 per cent from 2022. The volume of domestic passengers reached 32.6 million, 4 per cent lower than the corresponding period last year. Currently, five Vietnamese airlines are operating 67 … [Read more...] about Air passenger surges 20% in first nine months

Check out the latest news about Vietnam. European Commission to inspect IUU fishing in Vietnam A delegation from the European Commission (EC) will visit Vietnam on October 10-18 to work with Vietnamese authorities on efforts to prevent illegal, unreported and unregulated (IUU) fishing , the Ministry of Agriculture and Rural Development said on September 25. A high-level dialogue session between the Ministry of Agriculture and Rural Development and the EC working group will take place on October 18, 2023 to discuss the findings of the inspection. Delegates attend the opening ceremony of the Vietnamese Goods Week in Paris. Photo: VNA Vietnamese products promoted at Frech Système U supermarket chain A delegation of 15 Vietnamese enterprises in agriculture, food, and textile industries are promoting their products at the Système U supermarket chain in France as part of the Vietnamese Goods Week in France. The event was inaugurated on September 25 in … [Read more...] about Vietnam news in brief – September 26

The hosts enjoyed success in gymnastics, fencing, rowing, shooting, taekwondo and mountain biking to top the medals table in Hangzhou with 39 golds at the end of the second full day of action. South Korea and Japan are their closest competitors with a distant 10 and five golds respectively. China romped to all seven titles on the opening day of swimming on Sunday in an ominous display ahead of next summer's Paris Olympics, but they did not have it all their own way a day later. South Korea's Ji Yu-chan set a new Asian Games record in the men's 50 m freestyle of 21.72secs in a shock win ahead of Hong Kong's Ian Ho (21.87) and teenage Chinese star Pan Zhanle (21.92). Olympic silver medalist Siobhan Haughey clinched Hong Kong's first Asian Games swimming gold ever with an emphatic victory in the 200 m freestyle in a sizzling 1 min 54.12 sec, another Games record. "It's very special," she said. South Korea's night got even better when they took gold ahead of the hosts in the … [Read more...] about Swimming ace Qin breaks Games record as skateboarder, 9, has ‘fun’

The period between January and September saw airports across the country welcoming 89 million passengers, including 23.7 million foreigners, up 20% and 266.8% year-on-year, respectively. (Photo: VNA) Hanoi (VNA) – Vietnam’s international aviation market has gradually recovered in the first nine months with an increase in the number of foreign passengers, said the Vietnam Civil Aviation Authority (CAAV). According to statistics, the period saw airports across the country welcoming 89 million passengers, including 23.7 million foreigners, up 20% and 266.8% year-on-year, respectively. Vietnam ese airlines transported 44.1 million passengers, an increase of 20.3% compared to the same period in 2022. Of the total volume, 11.5 million were foreigners, soaring by over 300% annually. The international air transport market continues to maintain its recovery momentum for most traditional markets (excluding China and Russia) and records the presence of some new markets in … [Read more...] about International aviation market shows signs of recovery

VinFast has announced its unaudited financial results for the quarter ended June 30, 2023. Accordingly, the company posted a total revenue of $334.1 million in the second quarter of 2023, representing an increase of 131.2 per cent from the second quarter of 2022 and an increase of 303.3 per cent from the first quarter of 2023. Meanwhile, its vehicle sales were $314.6 million, representing an increase of 147 per cent from the second quarter of 2022 and an increase of 387.3 per cent from the first quarter of 2023. The increase in vehicle sales over the second quarter of 2022 and the first quarter of 2023 was mainly due to a significant increase in EV sales volume in Vietnam in the second quarter. VinFast recorded 9,535 EV deliveries in the second quarter of 2023, up approximately 436 per cent from the first quarter of 2023. Meanwhile, e-scooters deliveries were 10,182, a 4 per cent increase from the first quarter of 2023. As of June 30, 2023, VinFast had 122 showrooms globally for … [Read more...] about VinFast reports $387.8 million loss in Q2, amid improved revenues

A condotel project developed by Nam Long Investment Joint Stock Company (NLG). NLG has approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion, expected to be implemented in the third quarter of this year. — Photo courtesy of NLG Real estate companies are continuously announcing plans to issue bonds to raise capital. The Board of Directors of Nam Long Investment Joint Stock Company (NLG) on September 19 approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion (US$21.2 million), expected to be implemented in the third quarter of this year. The bond lot is a non-convertible bond, with a term of five years, without warrants, with an expected interest rate of 9.6 per cent per year. With the proceeds, Nam Long will use them to invest in the Nam Long 2 Residential Area project in Nam Cần Thơ Urban Area, Cần Thơ City. The project has a total investment capital of VNĐ500 billion; total area of 43.8 hectares. In mid-February … [Read more...] about Realty firms look to raise capital via bonds