Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Unleashing omnichannel and digital customer experience
Vietbank and NAPAS’ agreement plays a critical role in building smart city infrastructure in Viet Nam as it helps improve transparency, revenue management and customer experience, which help encourage the use of public transport. … [Read more...] about Vietbank works with NAPAS on contactless payments
According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Vo Thi Phuong Mai, deputy director and head of retail services of CBRE Viet Nam, said the COVID-19 pandemic had negatively impacted direct visitor traffic but creating many opportunities for small and medium-sized models such as convenience stores, pharmacies and especially e-commerce. … [Read more...] about E-commerce a positive for retail sector
At the exhibition space belonging to building materials and interior-exterior decoration, the participants will be provided with useful information about contemporary construction trends from well-established businesses in “hardware” construction such as DP Consulting – the supplier and designer installing and providing after-sales services for the backup power generator system and hydraulic engines of Rolls-Royce Power Systems; Hoa Binh Group – Vietnam’s largest EPC contractor; Ricons – a high-profile construction player; Minh Thanh Ltd. – a prestigious power generator supplier; Schindler – a global player in manufacturing, installation, and service provision for elevators; or Khai Toan Group – a leading player in electrical equipment and lighting. … [Read more...] about Novaland Expo: Raising the bar with leading brands