Foreign tourists

Bangkok (VNA) – The number of foreign tourists to Thailand will dramatically shrink to 7 million from the record figure of 39.8 million in 2019 if the Southeast Asian country remains closed in the last quarter of this year, according to the Tourism Authority of Thailand (TAT). TAT deputy governor for tourism products and services Thapanee Kiatphaibool said while domestic tourism has started to rebound, most businesses are still feeling the impact of the COVID-19 pandemic. In the first six months of this year, the number of foreign tourists stood at 6.69 million, a year-on-year decline of  66 percent. The industry, however, has been helped by Thai tourists, who numbered 54.5 million over the same period, she said. This year's tourism revenue has been forecast by the TAT at 1.23 trillion baht (39.38 billion USD) against 1.93 trillion baht in 2019. The number of foreign tourists will likely stand at just 7 million, lower than the TAT's target of 9 million./. … [Read more...] about Thailand seeks to draw foreign tourists

In Viet Nam, 82 per cent of year-end shoppers agreed that they looked for sales and bargains. Seventy per cent of surveyed shoppers say the Tet period was a good time to find the best deals. In fact, businesses in Viet Nam reported an increase in number of orders by almost two-three times compared to normal days during the three biggest shopping days, including November 11, Black Friday (last Friday of November) and December 12, according the survey. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3

The city, a tourism hot spot, reintroduced social distancing measures for 15 days staring July 28 after confirmation of a resurgence of domestically-transmitted cases. Public transport services, including flights to and from the city with a population of 1.1 million people were suspended to contain a fresh Covid-19 outbreak. … [Read more...] about Vietnam to evacuate 400 stranded tourists from Covid-19 epicenter Da Nang

The giant tour company suffered a loss of over VND38 billion ($1.63 million) in the second quarter, its third quarterly loss in a row, according to its latest consolidated financial statement. Revenues were down 90 percent year-on-year to VND206 billion ($8.85 million). … [Read more...] about Leading tour operator reports loss of $3.4 mln

The participants at a recent online workshop on credit and capital market held by Fitch Ratings and The Asset journal all agreed that Vietnam is benefiting from multi-national groups’ strategy on relocating their production bases out of China. Muralidharan Ramakrishnan from Fitch Ratings estimated that the capital EVN needs to develop infrastructure may amount to $4-5 billion in the next 2-3 years. … [Read more...] about VN businesses seek low-cost capital to develop infrastructure