May saw the lowest number of foreign arrivals, falling 13.6 percent and 98.3 percent compared to the previous month and last year respectively because the country has continued to implement preventive measures against the disease and not allowed international visitors to enter Vietnam, but foreign experts and technicians who are working in the country. … [Read more...] about Tourism revenue reaches VND8,300 billion in the first five months
Dubai revenue from tourism
Frank Bochmann is seen in a photo he provided Tuoi Tre News. Saebel: Vietnam’s tourism sector has been tragically affected by the outbreak of COVID-19. Airlines, hotels, restaurants, laundry facilities, amusement parks, transport companies, tour operators, and homestay owners have all seen their business come to a standstill. The loss of revenue and livelihoods for Vietnamese employees and entrepreneurs alike in all spheres is devastating and the real effects will only be seen as savings and cash funds dry up. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Hanoi (VNS/VNA) - Conglomerate Vingroup JSC plans to earn 145 trillion VND (6.2 billion USD) in revenue this year, up 12 percent year-on-year. The information was released during the group’s annual general meeting of shareholders (AGMs) held on May 28 in Hanoi. Post-tax profit is expected to decrease 35 percent to reach 5 trillion VND. Due to the impact of the COVID-19 pandemic, Vingroup Chairman of the Board of Directors Pham Nhat Vuong said its tourism arm Vinpearl was most ravaged by the disease. “However, the group still seeks solutions to stimulate domestic demand for tourism, especially inbound because we could not offer services for foreign clients during the pandemic,” he said. “According to statistics, Vietnam greets 80 million domestic visitors and 18 million foreign visitors each year,” Vuong said. The Vingroup chairman said if the disease was controlled and people could not travel abroad, domestic tourism would be … [Read more...] about Vingroup forecast revenue up 12 percent
Hanoi (VNA) - The COVID-19 pandemic triggered a 48.8 percent decline in the number of foreign tourists visiting Vietnam in the first five months of the year, with the total standing at 3.73 million. The General Statistics Office (GSO) announced on May 29 that 72.9 percent of foreign tourists in the period were from Asia, with numbers from the region down 51.4 percent year-on-year. Falls were seen in almost all major markets, such as China (down 57.2 percent), Malaysia (53.9 percent), the Republic of Korea (53.4 percent), Japan (48.2 percent), France (47.5 percent), the UK (44.3 percent), and Russia (23.2 percent). Conversely, the number of Cambodian tourists surged 118.3 percent. Revenue from tourism services in the period was estimated at 8.3 trillion VND (359 million USD), down 54.1 percent. Localities seeing significant declines in revenue include the southern province of Ba Ria-Vung Tau (72.9 percent), south-central Khanh Hoa province (68.2 percent), HCM City (66.1 percent), … [Read more...] about International tourists down nearly 50 percent
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