Vietnam tourism recovery

Check out the latest events in Vietnam. Standard Chartered forecasts Vietnam's Q3 GDP to show continued recovery Standard Chartered Bank forecasts Vietnam's Q3 GDP growth to pick up to 5.1% y/y from 4.1% y/y in Q2, according to its latest global research report titled "Vietnam Macro: Q3 GDP to show ongoing recovery". September data is likely to show a slight improvement from August, supported by retail sales. The bank expects September retail sales growth to remain robust at 8.2% yoy, while exports to fall 6.2% yoy, imports to fall 7% y/y, and industrial production growth to pick up to 3.2% y/y. The bank maintained its GDP growth forecast for 2023 at 5.4%. Vietnam to join nearly 30 tourism stimulus programs in 2024 Mu Cang Chai in Yen Bai Province attracts a large number of tourists. Photo: Duy Khanh/The Hanoi Times The Vietnam National Tourism Authority and the Vietnam Tourism Development Fund under the Ministry of Culture, Sports and … [Read more...] about Vietnam news in brief – September 23

Vietnam ranked 19th in a list of 40 most visited countries based on an analysis of flight bookings between July 1 and August 31 by Spain-based travel data and analytics company ForwardKeys. Most Southeast Asian countries, except Thailand, stood behind Vietnam on the list, including the Philippines at 23rd, Singapore 24th, Indonesia 27th, and Malaysia 36th. Thailand was 14th and one of the only two Southeast Asian countries to break into the top 20 along with Vietnam. The number of foreign tourists arriving in Vietnam by air this summer jumped 12% over the same period last year but was 28% lower than pre-pandemic levels, the report said. Vietnam welcomed 2.3 million international visitors in July and August, equivalent to 80% of the figure during the same period in 2019. Of these, nearly 2 million visitors arrived by air, about 88% of pre-pandemic levels, according to the Vietnam National Administration of Tourism. Starting August 15, Vietnam's new immigration policy accepts … [Read more...] about Vietnam world’s 19th most visited destination this summer

Check out the latest events in Vietnam. Vietnam Friendship Medal bestowed on Franco-Vietnamese vaccine specialist Prime Minister Pham Minh Chinh presents the medal to Aurélia Nguyen in New York on Sept 20 (local time). Photo: Nhat Bac/VGP Prime Minister Pham Minh Chinh on September 20 (local time) presented the Vietnam Friendship Medal to high-ranking global vaccine expert Aurélia Nguyen in New York for her efforts and contribution to Vietnam's success in fighting the Covid-19 pandemic. The Franco-Vietnamese vaccine expert is the Chief Program Officer at Gavi, the Vaccine Alliance. Aurélia was one of the key people who helped Vietnam receive 70 million vaccine doses from the Covid-19 Vaccines Global Access (COVAX) initiative. COVAX had pledged some 38.9 million doses to Vietnam. Ho Chi Minh City commemorates Vietnam-Japan diplomatic relations A ceremony was held in Ho Chi Minh City on September 20 to celebrate the 50th anniversary of … [Read more...] about Vietnam news in brief – September 21

Hoi An - an attractive destination to foreign tourists (Photo: VNA) HCM City (VNA) - By the end of 2024, international tourism in Vietnam can recover and reach 80% of the pre-pandemic level in an optimistic scenario, heard a workshop on Vietnam tourism 2023 in Ho Chi Minh City on September 21. The event, themed “Lessons Learned from Target and Recovery”, was jointly by The Outbox Company - a market intelligence company based in Vietnam , specialising in travel, hospitality, destination and tourism, and the Saigontourist Group. Nguyen Anh Thu, Chief Research Officer of The Outbox Company , said that the world tourism reached 80% of the pre-COVID-19 level in the first quarter of 2023 thanks to positive results in Europe and the Middle East. In Vietnam, the tourism industry has tapped the domestic market as "leverage" to stimulate demand, as the international tourist market has recovered quite slowly. Thu suggested the sector have changes in tourism recovery and … [Read more...] about Vietnam’s international tourism to bounce back in late 2024

The agriculture sector in Binh Dinh Province, located in south-central Vietnam, proposed the recovery of four hectares of coral reefs in Quy Nhon Bay during a working session with the United Nations Development Program on Tuesday. The coral reef restoration is part of the 'Smart Coastal Communities Adapting to Climate Change in Vietnam' project in Binh Dinh, director of the provincial Department of Agriculture and Rural Development Tran Van Phuc said. In the framework of the project, the province will form a marine reserve in Quy Nhon Bay and recover four hectares of coral reefs in the bay, belonging to Nhon Ly, Nhon Hai, and Nhon Chau Communes as well as Ghenh Rang Ward in Quy Nhon City, Binh Dinh. The Binh Dinh Department of Agriculture and Rural Development surveyed the marine environment in Quy Nhon Bay and planned to recover the coral reefs there to regenerate the marine ecosystem and environment while serving tourism, Phuc added. A splendid coral reef in Nhon … [Read more...] about Vietnam’s Binh Dinh seeks to recover 4ha of coral reefs

The latter half of the year is set for a substantial rebound, riding on the back of Q2's initial recovery signs. The bank's outlook for 2023 remains steady, with a GDP growth estimate of 5.4 per cent. Standard Chartered anticipates September’s figures to marginally outpace those of August, predominantly buoyed by retail sales. The forecast details an impressive 8.2 per cent annual growth in September's retail sales, though exports might dip by 6.2 per cent. Imports are slated to shrink by 7 per cent, while industrial production growth could see a surge to 3.2 per cent. Furthermore, the trade surplus might slim down to a mere $1.3 billion. The inflation index is set to tick up to 3.2 per cent on-year from August's 3 per cent, steered primarily by the education, housing, and food sectors. Conversely, transport-led inflation appears to be subsiding. In the tourism front, Vietnam welcomed approximately 7.8 million international travellers in 2023's initial eight months, closely … [Read more...] about Vietnam’s Q3 GDP poised for growth, Standard Chartered reports

The Global Intentions Study 2023 surveys more than 40,000 consumers globally across 37 markets on their recent travel in the past 12 months and intention to travel in the next 12 months. The study fieldwork was conducted from April 2023 to June 2023. Vietnam, a country of vibrant landscapes and rich cultural heritage, has become a favoured destination for travellers from across the globe. As the world transitions into a new era of post-pandemic exploration, understanding the changing trends in the Vietnamese travel landscape is crucial for travellers and industry stakeholders. “For more than a decade, the Global Travel Intentions Study has equipped Visa and its partners, in Vietnam and worldwide, with unparalleled insights on the travel and payment landscape. This invaluable knowledge allows operators in the industry to plan and execute effective strategies to satisfy consumer demands and grow their businesses, and reinforces Visa’s commitment to creating a cashless … [Read more...] about Visa study shed lights on Vietnam travel trends

The photographs are a reflection of new perspectives on the circular economy in terms of natural resource use, pollution reduction and environmental protection. An award ceremony and exhibition of the Circular Economy 2023 Photo Contest was held in Hanoi on September 21. The contest is organized to seek photos that reflect the circular economy model; increasing efficiency in the use of natural resources, raw materials, and energy-saving materials; extending the life of materials, equipment, products, goods, and other components; limiting waste generation and minimizing adverse environmental impacts and the use of harmful chemicals; waste recycling; energy recovery; avoiding single-use products; green shopping. It is organized by the Vietnam Association of Photographic Artists, Environment Magazine (VEM) and the non-profit organization C ASEAN Vietnam. Best photos on circular economy in Vietnam on display. Photo: The Hanoi Times Summing up the contest, … [Read more...] about Photos on circular economy show new perspectives

Talking to First Secretary of the Communist Party of Cuba and President of Cuba Miguel Diaz-Canel, PM Pham Minh Chinh affirmed that the Party, State, Government, National Assembly, and people of Vietnam never forget Cuba’s wholehearted assistance for Vietnam’s struggle for national liberation, always treasure and stay determined to further intensify the traditional solidarity and comprehensive cooperation between the two countries, and support the just revolutionary cause of the Cuban people. He underlined Vietnam’s consistent stance of not supporting but demanding the unilateral sanctions against Cuba be removed. The PM held that the two sides should maintain close cooperation to enhance trade and investment links and develop their economic ties on par with the sound political relations as directed and wished by the countries’ Party and State leaders. President Miguel Diaz-Canel said the Cuba - Vietnam relations form a noble symbol of the comradeship and close-knit friendship, … [Read more...] about Vietnamese PM meets global leaders in New York

Dung Dang, Visa's country manager for Vietnam and Laos said, “For more than a decade, the Global Travel Intentions Study has equipped Visa and its partners with unparalleled insights into the travel and payment landscape. This invaluable knowledge allows operators in the industry to plan and execute effective strategies to satisfy consumer demands and grow their businesses, all while reinforcing Visa’s commitment to creating a cashless society.” Emerging trends powering the travel boom The GTI 2023 revealed an ongoing trend in the Vietnamese travel industry, with the rise of Gen Z and families with children as significant contributors to the growth. In terms of leisure trips, families travelling with kids and the older generation made the most trips over the past 12 months, with an average of 2.4. Gone are the days when travel was solely about ticking off landmarks from a checklist. Vietnamese travellers are now placing a strong emphasis on leisure-focused and … [Read more...] about A journey of discovery from Visa Global Travel Intentions Study 2023