Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Sectors tourism industry
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
In an apparent chicken and egg situation, many Vietnamese producers have reportedly postponed the premiere of their summer movies, as they do not want their pictures to hit almost-empty cinema halls only to bring in meager revenues. … [Read more...] about Vietnamese cinemas remain empty as industry awaits post-pandemic rebound
Data from market analysis firm FiinGroup revealed that the consumer finance segment grew 59 per cent on-year in the period of 2013-2017. In 2018, overall growth registered at 30.4 per cent. The slowdown is attributed to market development, growing from a larger base, and the increasing exposure to real estate loans, as well as the saturation of some key consumer finance products such as installment loans for home appliances and electronics. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation
As of May 14, Hanoi has delivered aids to 385,390 people affected by the Covid-19 pandemic, reaching 99.9% of the people entitled to receive such support, local media reported, citing the municipal Department of Labor, War Invalids and Social Affairs’ report at a May 27 meeting. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29