South Korean tourists topped the charts in terms of visits to Vietnam in the first five months of this year, followed by China. According to the Vietnam National Administration of Tourism, Vietnam welcomed 1.3 million tourists from South Korea between January and May this year. It was followed by China with 400,000 and the US with 300,000. Foreign visitors in Hanoi Taiwan, Japan and Thailand were in the top ten markets with the highest number of arrivals to Vietnam during the January-May period. In the first five months, the tourism sector attracted 4.6 million foreign tourists, up 12.6 percent on-year. However, the figure was a drop of 37 percent against the same pre-Covid-19 period in 2019. The tourism industry served 50 million domestic visitors from January to May. The industry’s total revenues were estimated at VND260 trillion (USD1.11 billion). Experts were upbeat that the country would reach the target of welcoming eight million foreign visitors this … [Read more...] about South Korean, Chinese visitors to Vietnam surge
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Vietnam among top destinations for South Korean visitors
Data from to South Korea-based KB Kookmin Card between January 1 – May 15 showed Taiwan, Vietnam, Japan and Thailand are particularly popular destinations for Korean tourists with the growth rates of 319%, 227%, 193% and 172% year-on-year, respectively. Japan and Vietnam - the two countries chosen by Korean tourists to visit the most, still show their attractiveness, with increases of 222% and 163% respectively. The number of air tickets to Vietnam booked by Korean tourists accounted for 12% of the total of air tickets for outbound tours, just after Japan with 52%. According to KB Kookmin Card, the booking rate of air tickets by Korean holiday-makers increased in all regions, with the highest growth recorded for Asia with a year-on-year surge of 192%. Travel agencies, airlines, and duty-free shops in the RoK witnessed respective revenue surges of 409%, 150% and 88% compared to the same period last year. … [Read more...] about Vietnam among top destinations for South Korean visitors
HCM City seeks to attract remittances, investment
Speakers at a meeting in HCM City on Monday to discuss ways for the city to attract remittances and investment. — Photo danviet.vn HCM City will improve its business climate and create favourable conditions to attract remittances and investment, said a city official. Speaking at a meeting on Monday, Nguyen Duc Lenh, deputy director of the State Bank of Viet Nam (SBV) HCM City branch, said the city planned to enhance monetary and foreign exchange policies and remittance services. Options for remittances include money transfers, cheques, bank transfers, prepaid cards and several other ways of sending money without a bank account. "Besides foreign investment (FDI), remittances are a major source that helps ensure the foreign currency supply and stabilise the national foreign exchange reserves," he said. Financial and banking expert Nguyen Tri Hieu said Viet Nam should ensure stable macroeconomic policies to increase the confidence of overseas Vietnamese to send back money for … [Read more...] about HCM City seeks to attract remittances, investment