Bochmann: Ideally, now is the time to work with and train associates. Contemporary tourists are looking for a personalized experience – something they can talk about when they get back to their families, friends, and colleagues. Now is the time to ask what we can sell tourists, MICE organizers, and destination wedding specialists that they can only experience in Vietnam. It is experiences and interaction with the Vietnamese people, authentic Vietnamese food, and Vietnamese culture, as well as beautiful weather and scenery that we need to concentrate on. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
The importance of tourism industry
In Cambodia, Deputy Prime Minister and Minister of Interior Sar Kheng asked the administration in localities that border Thailand to increase professional measures at border checkpoints to prevent Cambodian workers from entering Thailand, which will shut its border until June 30 to prevent the spread of COVID-19. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29
However, it is myopic, unsustainable, and potentially counterproductive. The current lack of co-ordinated action at both regional and global level is not only concerning, but also surprising. If the virus is not eradicated in every country, every country will lose because sooner or later the disease will reappear and thus continues the prolonged economic meltdown. An economic crisis caused by a virus that ignores borders cannot be tackled successfully like this. … [Read more...] about From containment to recovery: rescuing the ASEAN from crisis
According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
In the initial stage, the ACMECS Master Plan will focus on connectivity along the East West Economic Corridor and the Southern Economic Corridor. It will also involve hardware connectivity, software connectivity, transport and digital infrastructure, and human resource development. The operations of ACMECS will also complement the Thai government's policies on the Eastern Economic Corridor, New S-Curve, and Thailand’s 4.0. … [Read more...] about Ayeyawady–Chao Phraya–Mekong Economic Cooperation Strategy Summit