International tourists

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

Net interest income (NII) for the first half grew to VND8.1 trillion, up 23 per cent from the same period last year. Net Fee and Commission Income (NFI) was VND2 trillion, posting 57 per cent year-on-year increase. NFI was 16.8 per cent of TOI as compared to 13.8 per cent in the first half of 2019, with a strong contribution from bond underwriting activity during the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3

Bangkok (VNA) - Thailand's second-quarter economic contraction could reach a record of 13 percent year-on-year after business activities were halted by lockdown measures during the period, said the Bank of Thailand (BoT). The anticipated decline would mark the lowest year-on-year growth since a 12.5 percent contraction in the second quarter of 1998 in the wake of the 1997 Asian financial crisis, said Don Nakornthab, senior director of the bank’s economic and policy department. Overall economic activities shrank significantly in the second quarter as a result of coronavirus containment measures in Thailand and around the world, he said. External demand contracted sharply both in the tourism sector affected by international travel restriction measures and in merchandise exports hit by weakening demand among trading partners. Thailand's economy in the first quarter shrank for the first time since 2014, by 1.8 percent year-on-year and 2.2 percent quarter-to-quarter on a … [Read more...] about Thailand’s Q2 contraction poised to hit 13 percent