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K 37m

/ February 14, 2020

Phan Thiet hospitality industry to develop further thanks to slew of new highways, roads

More investment would be made into roads between Phan Thiet and Dau Giay and the DT.719 coastal road, the southern province of Binh Thuan has said. The Phan Thiet-Dau Giay Highway will meet up with National Highway No1 and go on to the Ham Kiem-Tien Thanh road and a coastal road. The 10.2km road will be 37m wide. The 25km DT719B will run parallel to the existing DT719 and they will meet in Hon Lan in Tan Thanh, Ham Thuan Nam District near Mui Ke Ga. They then run up to La Gi Town and National Highway No55, which runs to Vung Tau. The cost of the roads will be over VND2 trillion, including VND460 billion for the Ham Kiem-Tien Thanh road. Another VND1 trillion will be spent on the new DT719B. The cost of widening DT719 will be around VND600 billion. The province Department of Transportation said land acquisition for the North-South Highway in Binh Thuan Province has been completed. It said the highway would have three sections, Cam Lam-Vinh Hao, Vinh Hao-Phan Thiet and Phan Thiet-Dau Giay. They will run a total of 160km and so huge tracts of land need to be acquired and cleared. By January the province had handed over to the Ministry of Transport’s project management board 980ha, equivalent to 81 per cent of the total land required. Local district people’s committees have handed over documents related to compensation payable for 860ha, or 71 per cent of the total land required. The total cost is estimated at VND1.376 trillion, including VND25.7 billion for Cam Lam-Vinh Hao Part, VND871 billion for Vinh Hao-Phan Thiet and VND479 billion for Phan Thiet-Dau Giay. The compensation paid so far is VND1.229 trillion, or 89 per cent of the total proposed amount. Another VND147 billion has been paid as compensation for others such as agricultural and forestry lands and infrastructure. The Phan Thiet hospitality sector is set to benefit from proposed new roads In areas where there will be new roads and highways, local authorities have provided all information …

[Read more...] about Phan Thiet hospitality industry to develop further thanks to slew of new highways, roads

/ February 18, 2020

BUSINESS NEWS HEADLINES FEB.18

Vietnam’s tourism sector counts cost of coronavirus The coronavirus (COVID-19) epidemic could cause losses of 5.9-7.7 billion USD for the domestic tourism sector in the next three months, according to the Vietnam National Administration of Tourism (VNAT). The coronavirus (COVID-19) epidemic could cause losses of 5.9-7.7 billion USD for the domestic tourism sector in the next three months, according to the Vietnam National Administration of Tourism (VNAT). The tourism sector estimated a 90 percent decrease in the number of Chinese visitors due to the disease, and a 50-70 percent drop in holidaymakers from other countries. Meanwhile, the number of domestic holidaymakers is likely to suffer a fall of 50-70 percent. China, where the outbreak began late last year, has advised its citizens to stay at home. Vietnam has also stemmed the flow of tourists from coronavirus-stricken areas and suspended festivals. International vacationers have stayed away from Asia while many Vietnamese tourists have decided to stay at home. The VNAT said losses caused by COVID-19 could be huge in both the short and long terms. To cope with this, the agency has outlined a plan to help the industry recover, focusing on nearby markets connected by favourable air routes like the Republic of Korea (RoK), Japan, Taiwan (China) and the Association of Southeast Asian Nations (ASEAN), and others with major potential such as India. At the same time, Vietnam will focus more on North America, and maintain and expand its reach to Western and Northern Europe. The VNAT plans to work with partners, particularly airlines, to discuss tourism cooperation and recovery after the acute respiratory disease subsides. Resources will be mobilised for promotional campaigns through television and social networks, especially major TV channels like CNN, in order to show Vietnam’s ability to control the crisis and promote the country as an attractive, safe and friendly destination. Travel companies are also …

[Read more...] about BUSINESS NEWS HEADLINES FEB.18

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