A tour guide shows local products to foreign tourists at Ben Thanh Market in HCM City. (Source: VNA) HCM City (VNA) - Average hotel occupancy rate in Ho Chi Minh City reached 74 percent in the first quarter, increasing by 6 percentage points from the same period last year. According to a report by real estate company Savills Vietnam, average room rate rose by 4 percent to 83 USD per night, as all local three- to five-star hotels introduced higher rates for the first time in three years. The supply of hotel accommodations grew 2 percent on year, offering more than 16,500 rooms from 133 projects. Savills Vietnam said by 2020, 14 new projects will add to the market about 3,500 rooms. In the first three months of 2018, the southern economic hub welcomed 1.98 million foreign arrivals, an annual increase of 15.6 percent. Tourism services revenue earned during the period exceeded 31.7 trillion VND (1.39 billion USD), up 14.4 percent on year. The first quarter also saw 394 travel … [Read more...] about HCM City hotel market bounces back in Q1
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HCM City increases land prices under new regulation
VietNamNet Bridge – The coefficient used for land price adjustments, called the K coefficient, will increase by 0.1 in each circumstance, according to a regulation included in a decision by the HCM City People’s Committee. It has taken effect since yesterday. HCM City People’s Committee has increased the K coefficient used to adjust land prices. — VNS File Photo The K coefficient will be 1.1 for households or individuals recognised by the State to have the right to use residential land, and the right to change the purpose of land-use from non- residential land to residential. The K coefficient for land used for rent will be divided into two groups and five regions, based on the purpose of land use. The first group covers use for business services, financial services, restaurants, hotels and houses for rent. The second group covers the building of industrial and sub-industrial zones, and public works for business purposes. The K coefficient has … [Read more...] about HCM City increases land prices under new regulation
Plenty of job openings in HCM City
Job seekers at a job fair in HCM City. (Photo: VNA) HCM City (VNA) - Thousands of jobs are available in HCM City after the Lunar New Year holiday, said recruitment officials at the city’s job centres. The HCM City Centre for Youth Employment Services is in charge of recruiting 2,000 labourers as per request by service businesses such as restaurants, hotels and security agencies, said deputy director Nguyen Van Sang. The centre contacted the businesses before the holiday to get hold of their labour demand to better inform job-seekers, he said. The centre also has about 500 urgent job openings for fresh graduates for the accounting, sales and customer service positions in the fields of financial consultancy, mechanics and electronics, Sang added. The HCM City Student Assistance Centre has 2,000 job openings from 300 enterprises, said Nguyen Trong Hoang, head of the centre’s Department for Life Support. Plenty of them are part-time jobs that university students can … [Read more...] about Plenty of job openings in HCM City
VIETNAMESE SPIRITUAL SOLEMN RECEPTION FOR VIETNAM U23 FOOTBALL SQUAD IN HCM CITY
Welcoming coach Park Hang Seo and the young Vietnam U23 football team to the southern economic hub of HCM City on the occasion of celebrating the victory and exchanging with the fans, The Reverie Saigon hotel created the special sympathy when showing a special solemn welcoming atmosphere that bold Vietnam’s spirit. In preparation for the reception, the devoted team of The Saigon Reverie made a Vietnamese flag picture from 1,500 red roses placed in the center of the hotel’s lobby. Though the moment welcoming coach Park Hang Seo and the delegation’s members was short, it was extremely unique and beautiful. In the magnificent space of the 6-star hotel The Reverie Saigon, the welcoming atmosphere was very warm and friendly. Every detail, though simple, revealed the deep meanings bolding Vietnamese identity, thereby highlighting the joy and pride that any citizen of the city want to send to Mr. Park and the U23 team. The strict coach of the young U23 football players … [Read more...] about VIETNAMESE SPIRITUAL SOLEMN RECEPTION FOR VIETNAM U23 FOOTBALL SQUAD IN HCM CITY
Chinese top foreign arrivals in HCM City
Their number soared to 600,000 last year, a year-on-year increase of 50 percent.In 2016 they had been the third largest group, Lã Quốc Khánh, deputy director of the department, said.Chinese visitor profiles have changed, requiring his department to do market and product research to help travel firms tap this growing market segment, he said.The city would then develop appropriate tourism products to serve Chinese tourists, he said.Nguyễn Quốc Kỳ, general director of giant tour operator Vietravel, said tourism authorities should rearrange their priority markets for running promotion and marketing programs in 2018-20.China should be a priority market, followed by Northeast Asian and Southeast Asian countries, he said.“The city will see a massive influx of Chinese tourists in the coming time.”Từ Quý Thành, director of Liên Bang Travelink, said his company saw a 30 percent increase in the number of Chinese tourists last … [Read more...] about Chinese top foreign arrivals in HCM City