The number of Chinese tourists to Vietnam in the year to August fell 0.9% year-on-year, provoking concern among local tourism management agencies, as they had expected the number of tourists from this source market to grow by 5%. Foreign tourists are seen in Hoi An Ancient Town. There were roughly 3.3 million Chinese visitors to Vietnam from January to August 2019 – PHOTO: VNA The country recorded a positive growth from the Chinese market only during August, with the number of Chinese visitors rising 12.4% against the year-ago figure, according to data from the General Statistics Office (GSO). However, the overall growth figure over the eight-month period remains negative. There were roughly 3.3 million Chinese visitors to Vietnam from January to August this year. Meanwhile, China last year was the country’s largest tourism market from January-August in 2018, with a 28% increase versus the 2017 figure. Chinese tourists accounted for some 30% of the country’s … [Read more...] about Concern voiced over decline in Chinese tourists
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Happy Birthday to our dearest VIR! 28 years of deep and dynamic journalism Luc Mandret - General manager MSLGROUP Vietnam VIR is a very trusting partner for MSL, as one of Vietnam’s top tier business media outlets. We are thrilled to partner with VIR for the quality of the holistic understanding of the business, with the most updated economic news, and insightful in-depth articles. VIR is an essential reading for business leaders, investors, and decision-makers in Vietnam. And for MSL as a communication agency, we really appreciate highlighting our clients’ prospective and financial news. It’s always a pleasure to work with VIR journalists: they are proactive, knowledgeable, and reliable in reporting accurate news and analysis. For us, VIR has been one of our key media partners. We highly appreciate the hard-working and dedicated reporters from VIR, who have supported us in many events and business stories for our clients in diverse sectors such as … [Read more...] about Happy Birthday to our dearest VIR!
Customers visit a Vietnamese booth at the “Vietnamese Week in Thailand 2019”, which officially opened on September 18 in Bangkok, Thailand. — VNS Photo Linh Anh HÀ NỘI — Vietnamese businesses are proudly presenting their products at the “Vietnamese Week in Thailand 2019”, which officially opened on September 18 in Bangkok, Thailand. This is the fourth year in a row that the Vietnamese week has been organised in the city. Themed “Taste of Việt Nam”, the five-day event has attracted the participation of 45 Vietnamese businesses, with the main purpose of promoting Vietnamese commodities in Thailand as well as creating export opportunities for Vietnamese suppliers in the Thai market. The event is a project in the framework of ‘Promote Vietnamese enterprises' direct participation in foreign distribution networks up to 2020’ which was endorsed by the Prime Minister in his Decision No … [Read more...] about Vietnamese goods shine in Thailand
Michael Piro, COO of Indochina Capital How do you see the real estate market in Vietnam shaping up as of late? Overall, the market is in fairly good health, considering it has had a relatively strong run. We have seen most sectors grow, especially with strong demand in the apartment market. Apart from that, we have seen the hospitality and retail segments maintain their relatively good performance over the last few quarters. The market is in much better shape compared to 10-12 years ago, when times were difficult for developers. Now, we see more stable growth in the market based on a fundamentally strong economy, growing foreign direct investment (FDI), inflation that is seemingly under control, and a relatively stable currency. Vietnam is one of the fastest-rising economies in the whole world, and many foreigners have either already picked up on that fact or have begun to. The market is full of potential and I am really interested in finding out where it can go. What have … [Read more...] about Excitement rises in Vietnam’s real estate