The wild discounting of accommodations is a trend we’re seeing particularly with Hoi An homestays and budget accommodations. This is helping local businesses bring in basic income. When it comes to 4- and 5-star resorts and hotels, the trend of discounting is also a good way to attract domestic travelers, though this could lead to a reduction in service quality as businesses work to keep costs under control. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Disintermediation tourism industry
The General Statistics Office (GSO) announced that Asian travelers that accounted for 72.9 percent came from main markets with a sharp fall, such as China (down 57.2 percent), the Republic of Korea (53.4 percent), Japan (48.2 percent), China’s Taiwan (46.1 percent), Thailand (41.5 percent), Malaysia (53.9 percent). … [Read more...] about Tourism revenue reaches VND8,300 billion in the first five months
In an apparent chicken and egg situation, many Vietnamese producers have reportedly postponed the premiere of their summer movies, as they do not want their pictures to hit almost-empty cinema halls only to bring in meager revenues. … [Read more...] about Vietnamese cinemas remain empty as industry awaits post-pandemic rebound
The factory has investment of $170 million in the Đà Nẵng Hi-tech Park to produce aerospace components for export to the EU, Malaysia and North America with projected export value of $25 million by 2021 and $82 million by 2022, according to the Đà Nẵng High-Tech Park and Industrial Zones Authority. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic
The granting of e-visas is considered to be a turning point on the path to luring international visitors back to the country whilst promoting the nation as a friendly, attractive, and safe destination, said Ha Van Sieu, Deputy Director General of Vietnam National Administration of Tourism (VNAT). At present, it is not possible to welcome foreign arrivals at this time due to the complicated developments of the COVID-19 globally. … [Read more...] about New roadmap to welcome back foreign visitors to Vietnam