Although the summer holiday has just started, travel firms and agents have already completed 60-70 percent of their business plan while air carriers have also increased their flights to meet high travel demand. However, travel firms and agents are facing new difficulties: increasing tour prices because of rising fuel prices and a shortage of human resources. Millions of tourists ready for their trips Tran Quoc Bao, deputy director of Saigontourist Travel Company, said the company has expected to serve more than 280,000 tourists this summer. The number of tourists will be higher as tourist demand at home and abroad is surging. Three-to-eight-day domestic tours offered by Saigontourist are available nationwide. The most popular ones are tours of beaches, tours of northeastern and northwestern regions, 'green' tours, and community tours. “As summer is the peak season, we have prepared financial and human resources to diversify and better our services to meet market … [Read more...] about Vietnam’s travel firms see explosion of summer tours
Why vietnam is so cheap
Vietnam’s economy lures New Zealand exporters
Illustrative photo (Source: VNA) Hanoi (VNA) - Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news .co.nz in a recent article. The article cited the Ministry of Foreign Affairs and Trade of New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016 and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate is higher than that of other major ASEAN markets such as Singapore, Malaysia, or the Philippines Trade Commissioner Joseph Nelson said Vietnam is a "frontier market" presenting new opportunities, and challenges, to Kiwi exporters looking to diversify. "As Vietnam has come out of its COVID waves, we are seeing a really strong bounce back in the economy. GDP is expected to be between 6.5% to 7.5% next year," he said as quoted by the article. "All the markets in Southeast Asia are bouncing back quite strongly, but Vietnam definitely is the best … [Read more...] about Vietnam’s economy lures New Zealand exporters
Travel promotion “Rediscover Vietnam” held in Australia
" Rediscover Vietnam ” is co-held by Thien Minh Group and national flag carrier Vietnam Airlines for travel promotion in Australia. (Photo: VNA) Sydney (VNA) – The Government of Vietnam has reopened its borders to welcome travellers from Australia, New Zealand and other countries to Vietnam, Vietnamese Ambassador Nguyen Tat Thanh told a trade and travel promotion conference in Australia on June 28. travel promotion events held in multiple countries, including the UK, Germany, France, the US, Japan and the Republic of Korea. The Vietnamese diplomat pledged to provide all possible conditions for Australian travellers and travel agencies to gain access to the Vietnamese market and explore the Southeast Asian country. The airline is operating seven direct flights connecting Vietnam and Australia weekly. The number of flights will be increased to 11 in July and 16 in October, he added. VNA … [Read more...] about Travel promotion “Rediscover Vietnam” held in Australia
Vietnam, Belgium look to step up trade, investment ties
Participants at the forum (Photo: VNA) Brussels (VNA) – A forum to promote trade cooperation between Vietnam and Belgium took place in Brussels on June 28, as one of the main economic events between the two countries held after a long hiatus due to the COVID-19 pandemic . Vietnamese products introduced at the forum (Photo: VNA) The two countries should work closely to create a favourable environment for the business community of both sides to exploit these potentials, he said. EVFTA ) has facilitated the exchange of trade and import-export between Vietnam and EU member countries in general, and Belgium in particular. VNA … [Read more...] about Vietnam, Belgium look to step up trade, investment ties
Vietnam enjoys trade surplus of 710 million USD in six months
Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year. In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD. In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month. In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter. In the January-June period, 28 products recorded export revenue of over 1 billion USD, and five earning revenue exceeding 10 billion USD. The GSO reported that the … [Read more...] about Vietnam enjoys trade surplus of 710 million USD in six months
Conference reviews Vietnam-Guangdong cooperation
Vietnamese and Chinese officials take part in the teleconference on June 29. (Source: VNA) Hanoi (VNA) – A conference reviewing cooperation between Vietnamese ministries, localities and Guangdong province of China was held in virtual form on June 29 under the chair of Vietnamese Deputy Foreign Minister Pham Quang Hieu and Guangdong’s Vice Governor Wang Xi. Opening the conference, the eighth of its kind, Deputy FM Hieu expressed joy at the positive developments in the Vietnam-China relationship in general and between Vietnamese ministries, localities and Guangdong in particular. Guangdong has the biggest trade revenue with Vietnam among Chinese localities , with bilateral trade up 16.2 percent in 2021 to 47.42 billion USD, accounting for more than one quarter of Vietnam-China trade value. Guangdong companies invested nearly 2 billion USD in Vietnam in 2019-2020. Deputy minister Hieu said amidst fast developments in global and regional economic situation, the two … [Read more...] about Conference reviews Vietnam-Guangdong cooperation
Vietnam’s CPI up 2.44% in six months
Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam’s consumer price index (CPI) in the January – June period rose by 2.44% year-on-year while its core inflation edged up 1.25%, the General Statistics Office ( GSO ) reported at a press conference on June 29. The CPI was up 2.96% in the second quarter, and 3.37% in June alone, compared to the same periods last year. GSO General Director Nguyen Thi Huong attributed the CPI hike to the increase in prices of essential consumer goods and services, materials for production and transportation costs. According to the GSO, the world commodity market in the January – June period continued to witness many fluctuations and was influenced by economic and political factors. The global economic recovery, the increasing demand for raw materials and fuel for production, and the disruption in supply chains are main reasons behind the sharp surge of commodity prices on the international market. The GSO said prices of petrol … [Read more...] about Vietnam’s CPI up 2.44% in six months
Vietnam, Hungary to further promote trade, politics, people-to-people exchanges: Leaders
National Assembly Chairman Vuong Dinh Hue (L) meets Hungarian Prime Minister Viktor Orbán (Photo: VNA) Budapest (VNA) - National Assembly Chairman Vuong Dinh Hue has said his visit to Hungary is an opportunity to deepen and promote the comprehensive partnership between Vietnam and Hungary , especially the parliamentary ties. Hue said the visit will open up new cooperation areas between the two countries at multilateral or regional forums. Vietnam as well as support in education and training, exemplified by its continued provision of scholarships for Vietnamese students. An overview of the meeting between the two leaders. (Photo: VNA) Hue and Orban also agreed on the commitment to develop two-way trade in a "balanced manner", create favourable conditions for each other's products and services to access the other market, and encourage businesses of the two countries to invest in the other country. VNA … [Read more...] about Vietnam, Hungary to further promote trade, politics, people-to-people exchanges: Leaders
Vietnam to establish industrial environmental index
A view of the Dong Van II Industrial Park in the northern province of Ha Nam. (Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Planning and Investment (MPI) has called for the implementation of an industrial environmental index in Vietnam, according to Le Thanh Quan, head of MPI's department of economic zone management. Quan said the establishment of environmental standards in more than 400 industrial parks and 18 economic zones across the country was to play a significant role in resolving environmental issues, reducing waste and achieving sustainable development. The MPI had been gathering data and feedback in preparation to set up Vietnam's industrial environmental standards. He said it was in line with the global trend to promote sustainable industrial development among developed countries including Japan, the Republic of Korea and Switzerland. The implementation of the index was also part of a national development strategy on green growth for the 2021-2030 … [Read more...] about Vietnam to establish industrial environmental index
Danish Crown Prince Couple to visit Vietnam
TRH The Danish Crown Prince Couple will pay an official visit to Vietnam this November to celebrate 50 years of diplomatic relations between the two countries and promote green solutions. TRH The Crown Prince and Crown Princess and the accompanying Danish business delegation will arrive in Hanoi on November 1 on a two-day visit where they will meet with local business people and official representatives, participate in debates on green transition and visit local energy projects. The visit is also part of celebrating the 50-year anniversary for Danish-Vietnamese diplomatic relations. Denmark and Vietnam share a close bilateral relationship. On energy, Denmark and Danish businesses are supporting Vietnam’s green transition. The close bilateral relationship is illustrated by a Comprehensive Partnership Agreement from 2013. Further, in 2017 Denmark and Vietnam signed a Danish Energy Partnership Programme that supports Vietnam’s ambitions to live up to the Paris Agreement. … [Read more...] about Danish Crown Prince Couple to visit Vietnam