It is now a week away from the six-day public holiday during which Vietnam will celebrate its 40th anniversary of reunification, and tourists will not be surprised if they are charged higher than usual by hotels in touristy spots. Hotel room rates are never a constant, as most hotels throughout Vietnam are not hesitant to increase their prices two- or three-fold during peak vacation times. Almost all hotels in Da Lat have reported fully booked for stays between April 28 and May 3, with prices skyrocketing up to three-fold compared to normal rates. Salaried people in Vietnam will have a six-day public holiday, lasting from April 28 to May 3. The holiday combines the Hung Kings’ Death Anniversary on April 28; Reunification Day on April 30; and Labor Day on May 1. A single room now fetches VND400,000 (US$18.64) to VND600,000 ($27.96) per night, and double room, VND800,000 ($37.3) to VND1.2 million ($56), according to what Tuoi Tre (Youth) newspaper reporters have seen at … [Read more...] about Volatile hotel price ‘a failure of Vietnam tourism’
Vietnam tourism malaysia
AEC: Benefits for Vietnam and Malaysia
(VEN) - Vietnam Economic News' reporter My Phung talked with Malaysian Trade Commissioner in Ho Chi Minh City Ahmad Shanizam Abd. Ghani about the benefit of the ASEAN Economic Community (AEC) to Vietnam and Malaysia. The AEC marked the commitment of ASEAN leaders to build and promote a single market and production base, a highly competitive economic region tempered with equitable development, and a region fully integrated into the global economy. It cannot be denied that the implementation of the AEC has benefitted the people in the region through increased per capita income and expansion in both intra-ASEAN and extra-ASEAN trade and investment flows. The per capita income in the region had increased to US$3,579 in 2012. The total trade of ASEAN grew by 16.8 percent from US$2.05 trillion in 2010 to US$2.47 trillion in 2012. Intra-ASEAN trade represented 26 percent of total ASEAN trade or US$601 billion. ASEAN also continued to attract foreign investors, generating a record US$108 … [Read more...] about AEC: Benefits for Vietnam and Malaysia
Vietnam tourism and the failure of huge projects
VietNamNet Bridge - Numerous tourism projects have been revoked, making the picture of foreign direct investment (FDI) attraction in Vietnam gloomier. In the question and answer session before the Congress in late June, Minister of Culture, Sports and Tourism Hoang Tuan Anh said that FDI in the tourism sector, services, hotels and restaurants had reached about $10 billion, accounting for almost 5 percent of total FDI in Vietnam. Experts also say that FDI has become a major force promoting the tourism industry of Vietnam, when the development process of this industry is associated with the country's open-door policy to foreign investors since the 90s. In the famous tourist cities in Vietnam like Ba Ria - Vung Tau, Da Nang, Quang Nam ... there are famous chains of hotels and resorts invested by foreign groups. The coast of Da Nang has been almost covered by resorts and according to statistics, VinaCapital (a foreign investment fund from British Virgins Island) is the largest … [Read more...] about Vietnam tourism and the failure of huge projects
Vietnam tourism: A sleeping beauty
When it comes to tourism appeal, Vietnam has it all - cultural diversity, natural beauty, a long history, a sense of adventure and activity, opportunities to shop, security and political stability. Vietnam has what it takes to attract foreign tourists and investors, a conference heard Thursday … [Read more...] about Vietnam tourism: A sleeping beauty
Vietnam tourism lags behind other countries in the region
Despite recording increasing numbers of visitors over the years, Vietnam has a long way to develop quality tourism services, visitors and experts say. The sector is hampered by poor service quality, bad infrastructure and a lack of entertainment activities, they add. … [Read more...] about Vietnam tourism lags behind other countries in the region