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Costume of Ha Nhi ethnic people in Ha Giang province. (Photo: VietnamPlus) It is hoped that 2022 will be a more optimistic year for the tourism sector. A survey revealed that up to 80 percent of Vietnamese people said they are planning vacations to make up for what the COVID-19 pandemic has deprived them of, and 43 percent said they want to experience a lesser-known place, instead of the destinations too familiar to them. It is also noteworthy that booking by tourists in Vietnam to share popular destinations is becoming a dominating trend. Ethnic minority culture paradise Up to 84 percent of Vietnamese tourists said they want to visit Meo Vac in Ha Giang province. It is a small but attractive valley in the northeast, surrounded by limestone mountains and inhabited by H’Mong and Ha Nhi ethnic groups, boasting a unique dish – thang co – cooked from the inner organs of cattle, of which 70 percent of Vietnamese tourists said they want to try during their 2022 tours. For … [Read more...] about 2022 destination selection trend of Vietnamese tourists

Statistics released by the VNAT on January 29 showed that over 871,000 foreigners arrived in Vietnam in January, up 23.2% month-on-month. Of them, 91.9% travelled by air, 7.5% by road, and 0.6% by sea. Tourism revenue during the month was estimated at VND 2.2 trillion (USD 95.6 million), up 113.4% annually. Several localities posted spikes in receipts such as Hai Phong up 541.5%, Da Nang 387.1%, Tien Giang 380.2%, Lao Cai 196.3%, Hanoi 113.8%, and Ho Chi Minh City 98.7%. International flights and maritime travel services have returned to the pre-pandemic level. This year, the VNAT will also partner with the South-central coastal province of Binh Thuan to hold National Tourism Year 2023 themed “Binh Thuan – Green convergence,” which is expected to attract more domestic and foreign tourists. Recently, the VNAT’s Tourism Information Center debuted the first 2023 video clip “Golf Tourism - Enjoying every moment" in a media campaign entitled “Vietnam: Travel to Love,” introducing … [Read more...] about 2023 a promising year for tourism: official

According to its latest report on Southeast Asia, HSBC said Thailand will benefit the most from China’s reopening. It said further that tourism in Vietnam was also expected to perform well as Chinese tourists account for some 30% of international arrivals to the country. This month Khanh Hoa Province is expected to have nine charter flights which will bring Chinese visitors to Vietnam after a 3-year suspension due to the pandemic. Hotels in Hoi An, in the central province of Quang Nam, have also received bookings from Chinese tourists. Regarding trade, since 2020 ASEAN has surpassed the E.U. to become China’s largest trading partner. Last year Vietnam was one of three Southeast Asian countries, along with Indonesia and Malaysia, reporting increases in exports to China. Vietnam is also benefiting from more favorable trade ties with China because exports no longer have to undergo strict Covid testing. Concerning FDI, Japan and South Korea are the leading countries in terms of … [Read more...] about Vietnam’s tourism, trade, FDI rosy amid China’s reopening: HSBC

Remittance flows into Viet Nam approximated $19 billion in 2022. — Photo baotintuc.vn Viet Nam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD). Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Viet Nam remained relatively stable compared to previous years, the report noted. Total remittances to Viet Nam increased by nearly 5 per cent in 2022 and may go up 3.6-4.5 per cent in the following years after growing 5 per cent in 2021, according to statistics of WB and KNOMAD. Last year, the value rose about US$1 billion to approximate $19 billion, making the country one of the three biggest recipients in the Asia-Pacific and among the top 10 globally in terms of remittances. Some banks perceived that … [Read more...] about Viet Nam among world’s 10 biggest recipients of remittances

A Sunjin Vina Co plant in Ha Nam Province. — Photo danviet.vn South Korea-invested Sunjin Vina Co has received a licence from Hau Giang Industrial Zones (IZ) Management Board to develop a seafood feed plant in the province's Tan Phu Thanh Industrial Zone (IZ). The 2.6ha-plant, expected to cost US$23.6 million, will produce 126,000 tonnes of fish and shrimp feed products annually, the Vietnam Investment Review has reported. The plant's first phase is slated for completion in May 2024. Head of the board Tran Ngoc Hung described the plant's investment licence as a good start to the year for the province and the investor. He said his board would create all the most favourable conditions for the investor while coordinating with relevant departments to solve difficulties promptly, so that it could soon put the project into operation. Founded in 2007, Sunjin Vina Co now has four feed mills in Hung Yen, Ha Nam, Dong Nai and Tien Giang provinces with a total designed capacity of … [Read more...] about Hau Giang approves $23.6m seafood feed plant

It was 42% down from January 2019, the year before the onset of Covid. South Korea continued to be Vietnam’s biggest feeder market with 258,946 arrivals followed by the U.S. (77,897) and Thailand (54,985), according to the General Statistics Office. Though China reopened its borders on January 8, the number of Chinese visitors was a modest 15,875. During the seven-day Tet break that ended last Thursday, popular travel destinations like Ha Long, Hoi An, Ninh Binh, Hanoi, and Vung Tau saw an influx of foreign visitors. The country only received 3.6 million foreign tourists last year, but revenues were worth VND495 trillion (US$21 billion), or 23% above the target as a domestic tourism boom took up the slack. … [Read more...] about Tourism makes hopeful start as January visitor numbers rise by 23%

Since mid-January, the region has experienced average daytime temperatures of below 15 degrees Celsius. On Monday most localities, including the capital Hanoi, would be no warmer than 22 degrees and nighttime temperatures would be 7-8 degrees, the National Center for Hydro-Meteorological Forecasting said. It said in the next two days nighttime temperatures would rise to 16 degrees and by the weekend to around 21 degrees. American site Accuweather said the temperature at night in Hanoi would rise to 18 degrees by Wednesday. The cold front has also affected other regions, leaving them with cool weather since early last week, with the mercury ranging between 16 and 21 degrees in the central region and 22 and 28 degrees in the south. … [Read more...] about Northern Vietnam cold wave to end this week

Flood-ravaged Auckland is forecast to receive further heavy rain in the coming days, authorities in New Zealand's largest city said on Monday, as insurers counted the costs of what looks likely to be the country's most expensive weather event ever. Four people lost their lives in flash floods and landslides that hit Auckland over the last three days amid record downpours. A state of emergency remains in place in Auckland and further south in regional Waitomo. Flights in and out of Auckland Airport are still experiencing delays and cancellations, while beaches around the city of 1.6 million are closed. "There has been very significant damage across Auckland," New Zealand Prime Minister Chris Hipkins told state-owned television station TVNZ on Monday. "Obviously there were a number of homes damaged by flooding but also extensive earth movements." Currently, around 350 people were in need of emergency accommodation, he added. Looming clouds Metservice is forecasting further … [Read more...] about New Zealand counts cost of Auckland floods, more rain forecast

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly. — VNA/VNS Photo From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than VND29.2 trillion (US$1.2 billion) to the market, while it has net sold nearly VND18.8 trillion and set a record net selling value of over VND62.2 trillion in 2021. In November alone, more than VN16 trillion in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over $50 billion owned by foreign investors on the Vietnamese stock market showed that more than half of foreign ownership is … [Read more...] about Foreign investors remain optimistic about VN stock market