Out of 20 leading tour operators nationwide, 13 firms are from HCMC and other firms from Hanoi, Danang, Can Tho cities and An Giang Province. Criteria for choosing the award winners include the number of customers, quality of services and high turnover, according to the association. The top 10 domestic tour operators in 2010 are Saigontourist, Fiditour, Ben Thanh Tourist, Lua Viet Travel, Van Hoa Viet Travel, Youth Tourist (YTC), An Giang Tourimex, Can Tho Tourist and An Giang Travel. The top 10 outbound tour operators include Saigontourist, Ben Thanh Tourist, APEX Vietnam, Vietnamtourism, Fiditour, Vietravel, Peace Tour, Exotissimo-Cesais, Vitours and Buffalo Tours. … [Read more...] about Saigontourist Vietnam’s leading tour operator in 2010
Outbound tour operator
Outbound tour operators need to deposit VND500 mil. Dao Loan By Dao Loan - The Saigon Times Daily HCMC – Tourism companies wanting to do business in the outbound segment are required to deposit VND500 million each from January 1, doubling the current level, according to Decree 180/20/ND-CP that has been issued by the Government. In fact, the prevailing Tourism Law only regulates a deposit of VND250 million for international tour service providers including the outbound and inbound segments. The new law came out with amendments to Decree 92/2007/ND-CP released on June 1, 2007 by the Government stipulating that tourism enterprises have to deposit VND250 million for inbound tour services or VND500 million for either outbound services or both services. Decree 180, meanwhile, does not mention the deposit for companies operating domestic tours. Like the Tourism Law, the newly-issued decree states that the deposits at local banks are used for handling disputes in case tourism … [Read more...] about Outbound tour operators need to deposit VND500 mil.
Outbound tour operators lose out on dollar rise By Dao Loan - The Saigon Times Daily HCMC – The devaluation of the Vietnam dong against the U.S. dollar has cost outbound tour operators who had signed big contracts before the dong dropped last week. Sales of outbound tours have not suffered yet, but tour operators have already lost money in their already-signed tour deals and they are concerned by the rising price of the dollar on the unofficial market. Luu Dinh Phuc of Viettours said local people were still purchasing outbound tours as normal but the company, which specializes in arranging group tours for companies, would need more time to evaluate the impact of the high rate. In the short term, the company has incurred a big loss from its contracts signed before August 18 when the central bank let the dong fall against the greenback. He said big groups normally paid 45-60 days after the invoice was issued so the dong devaluation from VND19,400 to VND19,154 per dollar meant … [Read more...] about Outbound tour operators lose out on dollar rise
Saigontourist Company (SGT) has won the title of "Top Ten International Tour Operator" in Vietnam for 2007, awarded by Vietnam's National Administration of Tourism (VNTA) and Vietnam Travel Association (VTA). SGT heads the list of "Top Ten International Tour Operator" in 2007, followed by Exotissimo-Cesais and Apex Vietnam, VNTA and VTA said. It marks the seventh time in a row that SGT has been listed among the top ten international tour operators in the country. In the first six months of 2008, SGT served 153,000 domestic, outbound and inbound travelers, representing a growth of 35 percent over the same period last year, The firm earned VND455 billion (US$27 million) in revenues, a 40 percent year-on-year increase. This month, SGT will also receive the Guide Award for excellent performance in 2007 - 2008, voted by the Vietnam Economic Times. Reported by Tue Ly … [Read more...] about Saigontourist named ‘Top Ten Tour Operator’ in Vietnam
Local tour operators want tax extensions, soft loans City asks for corporate tax cut By Van Nam and Dao Loan - The Saigon Times Daily HCMC – To survive the current tough times due to slowing tourism demands, local travel agencies are seeking tax extensions and loans with reduced interest rates. These are only two among many solutions the HCMC Tourism Association insists on in an attempt to support its 130 members in tourism, hotels and restaurants sectors to cope with the present woes. Nguyen Thi Khanh, vice chairwoman of the association, said business of most members was not as good as in 2011. Demand for holidays on April 30 and May 1 has declined, foreseeing a dull outlook for the industry in the upcoming summer. “Three years ago, the domestic tourism sector always helped local firms make up for the decline of the outbound tourism segment but now this fails to work given financial constraints from buyers,” Khanh noted. Meanwhile, many tour operators complained the … [Read more...] about Local tour operators want tax extensions, soft loans