Want to be in the loop?
subscribe to
our notification
Business News
VIETNAMESE TOURISM MOVES TO NEW STAGE OF DEVELOPMENT IN 2021
Vietnam’s tourism sector will enter a new stage of development this year, with new measures sought to not only recover tourism activities but also ensure disease prevention and people’s safety, Vu The Binh, permanent vice chairman of the Vietnam Tourism Association, has told the media.
Vietnam’s tourism sector will enter a new stage of development this year, with new measures sought to not only recover tourism activities but also ensure disease prevention and people’s safety, Vu The Binh, permanent vice chairman of the Vietnam Tourism Association, has told the media.
Speaking on the sidelines of the National Travel Agents Forum 2021, Binh said that once the pandemic is brought under control the tourism market will heat up again, but the psychology and needs of tourists are sure to change.
Travel agents are the key element in recovering and developing the market post-pandemic.
In 2020, he said, the number of international tourists fell nearly 80 percent compared to 2019, while domestic travellers were down by 50 percent and the number of outbound tourists plunged 90 percent.
The sector’s total revenue was 312.2 trillion VND (13.5 billion USD), down nearly 60 percent.
During the year, 338 foreign travel agents asked that their business licenses be withdrawn, a three-fold rise against 2019, while 201 businesses applied for new licenses, down by one-third.
Therefore, to overcome the difficulties, Binh suggested travel agents seek measures to resume operations in the “new normal”, with a focus on the domestic market.
The tourism industry will have to begin from virtually the starting line, he said, and proposed the expansion of digital transformation in tourism activities.
The psychology and needs of tourists after COVID-19 are sure to change and it is necessary to identify tourism products that are more suitable to the new normal. And travel agents should be the pioneering force in this endeavour, he added.
He suggested stepping up restructuring in governance, thoroughly understanding guest demand, and investing in quality.
Binh expressed his belief that tourism will recover shortly, reinforced by the appearance of COVID-19 vaccines.
Source: VIR
Related News
CHARITY / EXHIBITION / OTHER EVENTS
INVESTMENT OPPORTUNITIES IN CA MAU PROVINCE: 96 PROJECTS AND 20 STRATEGIC PROJECTS
We are pleased to share with you information on investment projects currently seeking investors in Ca Mau Province. Should your esteemed company or association be interested, we kindly invite you to review the project information and complete the registration form via the links provided. The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) will consolidate the expressions of interest and facilitate connections with the leadership of Ca Mau Province at a meeting tentatively scheduled for 13 November 2026 in Ho Chi Minh City.
MEMBER CORNER / PROMOTIONS
BẰNG KIỀU LIVESHOW - A SYMPHONY OF LOVE UNDER THE GOLDEN GLOW
A masterclass in live music that takes the audience on a soulful journey through immortal love songs, guided by the peerless artistry and emotive storytelling of renowned singer Bằng Kiều. The highlight of the night is his seamless musical chemistry with special guest Triệu Hồng Ngọc, promising passionate and deeply resonant duets inside the magnificent Grand Ballroom.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
VIETNAM ECONOMY INVESTMENT
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
VIETNAM ECONOMY INVESTMENT
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.
Events Sponsors
