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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

In January-August, Hanoi welcomed nearly 17 million visitors, up 36% on-year. Hanoi and four northern provinces and cities on September 24 inked a joint agreement to boost the tourism sector. Foreign tourists at Hanoi's Temple of Literature. Photo: Pham Hung/The Hanoi Times The agreement, signed by the provinces of Lao Cai, Hai Duong, Quang Ninh and the coastal city of Haiphong, aims to combine cross-regional values and leverage each locality's advantages to create outstanding tourism products and services for the Northwest and Northeast regions. "Tourism cooperation among localities is essential to boost socio-economic growth post-pandemic," said Ha Van Thang, director of Lao Cai Provincial Tourism Department. The five cities and provinces have long-term partnerships in the tourism sector . Their main products include spiritual and cultural tourism. Under the agreement, the cities and provinces will strengthen information and communication in … [Read more...] about Hanoi inks tourism agreement with northern provinces, cities

If proper efforts are made, using film to promote tourism in Nha Trang might be successful. The coastal province of Khanh Hoa is like a miniature Vietnam, with diverse cultures, natural conditions and historical buildings. In addition, Khanh Hoa hosts popular film festivals and events that bring together actors and directors from other countries, boosting tourism and becoming an attractive destination like Cannes in France, Busan in South Korea, and Hollywood in the US. Do Le Hung Tu, Chairman of the Vietnam Film Association, shared the view following the success of the 2023 edition of the Golden Kite Film Award , which ended this month. The aerial view of Nha Trang City. Photo: Khanh Hoa Tourism Department Echoing Tu, Ta Quang Dong, Deputy Minister of Culture, Sports and Tourism said the Golden Kite Film Award is a great opportunity for experts and managers to work together and create new cultural projects to make Khanh Hoa's Nha Trang City a popular … [Read more...] about Nha Trang promises to be a city of cinema tourism

The renowned food-store has won the hearts of many Hanoian generations with its only kind of foodstuff for over 70 years. The Banh cuon , or steamed rice crepe, is not a luxury food but has become favorite of not only Vietnamese but also foreign visitors to Hanoi. The Banh cuon Ba Hoanh restaurant is always packed with diners at the weekend. Photo: Duy Khanh “I feel like I’ve just swallowed a piece of ‘silk’,” Marco Lipuma- a friend of our family from Germany exclaimed as soon as he tried his first bite of the Banh cuon . “It’s outstanding, cool and very...slippery,” he said. After his first taste in early this year, within the following months he’d tried it countless more times. “I don’t like food with rich protein, so this is a good choice and I think it’s also a perfect detox food after so many giant feasts,” he stated. Truong Kim Dung, a customer of Banh Cuon Ba Hoanh eatery said that she tried the dish some 30 years ago when she got … [Read more...] about [Quintessence of Hanoi’s cuisine] “Banh Cuon Ba Hoanh”: Gorgeous decades-long delicacy of Hanoi

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

Secretary of the Party Committee of the central city of Da Nang Nguyen Van Quang (R) and Sun Yeli, Deputy Director of the Publicity Department of the Communist Party of China (CPC) Central Committee. (Photo: VNA) Da Nang (VNA) – Secretary of the Party Committee of the central city of Da Nang Nguyen Van Quang hosted a reception on September 22 for a visiting Chinese delegation led by Sun Yeli, Deputy Director of the Publicity Department of the Communist Party of China (CPC) Central Committee. Underlining the need for the press and media sectors of the two countries to work more closely together to popularise the friendship between Vietnam and China, Quang hoped that Sun will continue to pay great attention to strengthening communication cooperation between the two nations. For his part, Sun expressed his impression at the socio-economic development of Da Nang , and spoke highly of the city leaders’ vision. He noted that Chinese media channels have signed media … [Read more...] about Da Nang fosters communications cooperation with China

A building near Bến Thành Market in downtown HCM City whose construction stopped at the end of last year. The property market slump is expected to continue until the end of 2024. — VNS Photo Bồ Xuân Hiệp Despite the Government’s efforts to address them, the challenges for the property market will continue until the end of next year, experts have warned. Speaking at a forum late last week, Nguyễn Văn Đính, chairman of the Việt Nam Real Estate Brokers Association, said the market would continue to struggle with limited access to capital, legal bottlenecks and companies’ inability to redeem bonds. A recent survey by his association found over 70 per cent of businesses saying Government policies aimed at resolving funding difficulties have not been effective, he said. Real estate transactions have plummeted by 90 per cent in 2022-23, indicating weak market demand, he said. Even after almost five months since its announcement, the Government’s VNĐ120 trillion credit package has … [Read more...] about Real estate market challenges to continue until end of 2024: experts

Van Phuong, who lives in District 7, said he signed a contract with AISVN's chairwoman Nguyen Thi Ut Em in 2018 to lend the school VND5 billion (US$205,000). With such loans from their parents, the children would be allowed to study for free at the school in Nha Be District until they graduate from high school or move to another school. As stated in the contract, the loan is interest-free, and the school will pay it within 90 days after the students move to another school or finish their 12th grade. "My children moved in 2022 but the school has paid us nothing," Phuong said. He added that the school had promised to pay the debt twice, in January and May this year, but has defaulted until now. "When signing the contract, I simply thought that my two children could get access to an international education free of charge if I lent them the money, which is a long-term benefit. I did not expect the school to break its promise like this," he said. In the same situation, Thanh … [Read more...] about Parents accuse HCMC international school of dodging debts

On September 22, Vietnam Report unveiled its annual list of the Top 10 Credible Retail Companies for 2023. The rankings, reflected an industry grappling with significant challenges of considerable interest to investors and stakeholders. Since the fourth quarter of 2022, Vietnam’s retail sector has witnessed subdued growth. Profits have been under strain thanks to subdued demand stemming from a dip in public incomes due to export challenges. Additionally, many retailers are navigating the complexities of high interest rates and stringent credit conditions set by consumer finance entities. The fresh survey conducted by Vietnam Report highlighted that almost all businesses (100 per cent) cited weak consumer demand as a concern, with 92.9 per cent noting the persistent economic slowdown. Early 2023 also saw retailers facing fierce price competition, further straining profits. To combat this dip in consumer spending, nearly 64 per cent of retailers plan to launch consumer incentive … [Read more...] about Vietnam’s retail sector faces mounting challenges

Processing tra catfish fillets for export at the Cửu Long An Giang Seafood Import-Export JSC in the Mekong Delta province of An Giang. — VNA/VNS Photo Vũ Sinh Việt Nam’s tra fish exports to the US are expecting a better outlook in the remaining months of this year after receiving some good news. In early September, the US Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish fillets from Việt Nam following its latest preliminary conclusion. The Federal Register, the daily journal of the US government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Việt Nam’s frozen tra fish fillets exported to the US for the period of August 1, 2021 to July 31, 2022. Accordingly, the US authority determined that two Vietnamese companies, Vĩnh Hoàn Corporation and Cần Thơ Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax … [Read more...] about Good news for Việt Nam’s tra fish exports to US