Connect with us

Business

Vietnam still struggles to welcome back int’l tourists

Published

on

With the peak summer travel season drawing to a close, Vietnam’s international tourism segment still faces bottlenecks on its route to full recovery.

Within the framework of a program early this week to discuss the current state of the Vietnamese tourism sector, representatives from businesses and organizations across the country voiced doubts that Vietnam will meet its goal of welcoming five million foreign tourists by the end of the year if regulations governing visa policies, infrastructure, and personnel are not relaxed.

Incomplete recovery

According to Cao Thi Tuyet Lan, sales manager at Viettours Incentives & Events Co. Ltd., foreign tourists still find it difficult to enter the country despite Vietnam having fully reopened its borders.

“What’s more, it is hard to apply for visas for business travelers who work with domestic enterprises,” Lan said.

“[The domestic partner] first has to register [the foreign partner] with the Immigration Department, then wait for a week to submit a visa application.

“If these bottlenecks are not removed quickly, the number of foreign tourists [Vietnam welcomes this year] will not be high.”

Echoing Lan’s sentiment, Phung Quang Thang, director of Hanoitourist, noted that Vietnam should prioritize international tourism given that the revenue from the 18 million foreign visitors it welcomed in 2019 was significantly higher than that from the 85 million domestic tourists who took holidays that same year.

Revamping tourism promotion

In addition to welcoming an extremely modest number of international visitors, tourism infrastructure in hotspots across the country have yet to be restored after nearly two years of minimal use, and tourism promotional activities remain sluggish.

Vo Anh Tai, deputy general director of Saigontourist Group, suggested that municipal and provincial authorities develop products, programs, conferences, and seminars on tourism, as well as host diplomatic, cultural, and sporting events to welcome foreign delegations from key markets.

Cao Tri Dung, chairman of the Da Nang Tourism Association, recommended that Vietnam build a big data platform that will allow tourism organizations to directly access customer information in order to improve promotional activities.

“Besides traditional promotion activities, such as organizing roadshows and participating in international fairs, local tourism should be promoted through digital channels,” Dung said.

“Foreign tourists say Bali is not attractive anymore, but they aren’t sure of an alternative.

“Vietnam has great tourism products, but isn’t great at promoting them.”

Easing the visa process

Nguyen Trung Khanh, chairman of the Vietnam National Administration of Tourism, used the event to share that the Southeast Asian country welcomed 733,400 foreign tourists between January and July, approximately 15 percent of its five-million-foreign-tourist target.

In addition to the facts that Vietnam’s peak tourism season usually hits during the second half of the year and COVID-19 prevention policies are enforced by different countries, Khanh attributed the international tourism sector’s slow recovery to shortcomings in renewing commercial tourism products and a lack of personnel.

Vu The Binh, chairman of the Vietnam Tourism Association, countered Khanh’s argument by citing obstacles in the visa process as the primary reason foreign tourists are not visiting Vietnam, going as far as suggesting that the country extend the visa waiver period it currently has in place for certain countries to 30 or 60 days from 15 days.  

“The recovery and development of Vietnam’s international tourism sector are urgent for more than 40,000 enterprises and two million workers in the industry, as well as millions of people who indirectly benefit from tourism,” Binh affirmed.

At a recent meeting with tourism-related enterprises, Minister of Culture, Sports, and Tourism Nguyen Van Hung said that the number of foreign tourists was smaller than expected but he highlighted that the sector is not all doom and gloom.

Hung cited the number of foreign arrivals this year as 950,000, a 10-fold increase over 2021, crediting it to the General Statistics Office.

Despite its desire to fully recover, Vietnamese tourism is dependent on other countries’ reopening policies.

The Russia-Ukraine military conflict has also affected one of Vietnam’s largest source markets – the Russian Federation.

Meanwhile, Japan and South Korea are still heavily focused on fighting the COVID-19 pandemic.

“We are striving to attract tourists. We will review visa policies and create favorable conditions for reopening,” the minister said.

Regarding proposals on easing visa policies, Minister Hung said the prime minister had recently held a meeting with the relevant ministries, including the Ministry of Public Security and the Ministry of Foreign Affairs, to clear obstacles facing international tourists.

In the coming periods, immigration policies will be surely relaxed, Hung assured, adding that enterprises should, in the meantime, prepare resources to improve their services.

Modest number of foreign visitors to Ho Chi Minh City

According to Phan Thi Thang, deputy chairwoman of the Ho Chi Minh City People’s Committee, the city served around 13.3 million domestic travelers and more than 765,000 foreign tourists from January through July, bringing in revenues of nearly VND60.4 trillion (US$2.6 billion), surging 57.82 percent year on year.

Nevertheless, the number of foreign guests was well below the figure recorded in the pre-pandemic period, Thang added.

Many other localities faced the same fate. Among the more than 1.45 million tourists who visited the central coastal province of Khanh Hoa during that seven-month period, over 1.38 million were local tourists and only 70,000 were foreigners.

The number of local visitors to the province was equal to 57 percent of that logged during the same period in 2019, while the ratio was only five percent for foreign tourists.

According to the General Statistics Office, Vietnam welcomed 954,600 international arrivals from January through July, skyrocketing 10 times over the same period last year but plunging 90.3 percent over the same period in 2019.

The country generated VND324.9 trillion ($14 billion) from lodging and catering services, and VND11.9 trillion ($511.2 million) from traveling services.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20220812/vietnam-still-struggles-to-welcome-back-intl-tourists/68548.html

Business

Vietnam’s political security makes the country more attractive to Australian investors

Published

on

Many Australian firms have tapped into the Vietnamese market due to Vietnam’s strengthened political security, apart from an efficient anti-corruption crackdown, heard a seminar on Vietnam-Australia education, culture, and cuisine promotion in Hanoi on Monday.

The Australian side strongly believes that Vietnam will further improve transparency and the investment climate.

The event, jointly organized by the Australian Trade and Investment Commission (Austrade), Hanoi authorities, and many enterprises, acted as a start for a series of similar seminars to be held in five cities and provinces this year, which marks the 50th anniversary of diplomatic ties between Vietnam and Australia.

An Austrade representative presents the performance of the Vietnam-Australia partnership in 2022. Photo: Duy Linh/ Tuoi Tre

An Austrade representative delivers a presentation on the performance of the Vietnam-Australia partnership in 2022. Photo: Duy Linh / Tuoi Tre

Australia picks Vietnam as an investment destination thanks to political security

Eliza Chui, a representative of Austrade, said that many factors had encouraged Australian firms to do business in Vietnam, including the country’s political security, rapid post-COVID-19 recovery, golden population, anti-corruption efforts, and transparency.

“Vietnam is Southeast Asia’s sixth-largest economy, while the nation is home to 291 industrial parks, making it more attractive to foreign investors,” said Chui.

“After the COVID-19 pandemic, Vietnamese people tend to pay attention to their health, so they are willing to seek high-quality products, smoothing the path for Australian exports.”

Bilateral trade between Vietnam and Australia totaled some 23.5 billion Australian dollars (US$15.6 billion) in 2022, making Australia Vietnam’s seventh-largest trade partner.

Meanwhile, Vietnam became Australia’s 10th-biggest trade partner.

Furthermore, Vietnam is Australia’s fifth-largest education partner, sending 27,000 Vietnamese students to Australia and seeing over 8,000 students pursuing degrees at Australia-invested universities in the Southeast Asian country.

Two-way trade in the agro-forestry-fishery sector reached a new record of six billion Australian dollars (US$3.9 billion) last year.

Tony Harman, Australian Agriculture Counselor at the Australian Embassy in Vietnam, delivers a speech at the seminar. Photo: Duy Linh/ Tuoi Tre

Tony Harman, Australian agriculture counselor at the Australian Embassy in Vietnam, delivers a speech at the seminar. Photo: Duy Linh / Tuoi Tre

Australia set to import Vietnamese grapefruit, passion fruit

Tony Harman, Australian agriculture counselor at the Australian Embassy in Vietnam, told Tuoi Tre (Youth) newspaper on the sidelines of the seminar that the event was not only aimed at introducing Australian products to Vietnamese customers, but also at creating a chance for Australian firms to learn more about and buy Vietnamese farm produce.

Many Vietnamese agricultural products are being shipped to Australia, including dried, frozen, and fresh produce.

The Vietnamese shrimp is a much sought-after product in Australia and has gained a dominant position on the market, said Harman.

“We are working to import grapefruit and passion fruit from Vietnam to diversify fresh fruits on the Australian market and provide Australian customers with Vietnam’s high-quality products,” he revealed. 

Australia is focusing on marketing honey products, kangaroo meat, deer meat, peaches, cranberries, and baby formulas to the Vietnamese market. In addition, Australia will make life easier for the import of Vietnamese shrimp, passion fruit, and grapefruit, while issuing certificates to Vietnam’s food irradiation and disinfection facilities.

In response to a topic about the memorandum of understanding (MOU) signed by the two countries last year on sending Vietnamese workers to Australia for work in agriculture, Harman said that both sides were stepping up efforts to implement the memo, and will issue further notice in the near future.

As per the MOU signed in March last year, Australia will issue agricultural visas and receive nearly 1,000 farm workers from Vietnam each year.

However, in September last year, Australia announced the suspension of agricultural visas. Instead, the Australian government shifted to a program with a focus on workers from Pacific island nations and Timor Leste.

Representatives of Australian firms have a discussion with their partners on the sidelines of the seminar. Photo: Duy Linh/ Tuoi Tre

Representatives of Australian firms have a discussion with their partners on the sidelines of the seminar. Photo: Duy Linh / Tuoi Tre

The Australian Department of Foreign Affairs and Trade has been committed to continuing to follow all agreements with Vietnam, while the two countries are in the process of discussing the implementation of these deals.

The series of seminars on Vietnam-Australia education, culture, and cuisine promotion is part of the activities to celebrate 50 years of the two countries’ relations.

After the event in Hanoi, other seminars will kick off in Hue and Da Nang in March, and in Ho Chi Minh, Nha Trang, and Can Tho in September.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Many Australian firms have tapped into the Vietnamese market due to Vietnam’s strengthened political security, apart from an efficient anti-corruption crackdown, heard a seminar on Vietnam-Australia education, culture, and cuisine promotion in Hanoi on Monday.

The Australian side strongly believes that Vietnam will further improve transparency and the investment climate.

The event, jointly organized by the Australian Trade and Investment Commission (Austrade), Hanoi authorities, and many enterprises, acted as a start for a series of similar seminars to be held in five cities and provinces this year, which marks the 50th anniversary of diplomatic ties between Vietnam and Australia.

An Austrade representative presents the performance of the Vietnam-Australia partnership in 2022. Photo: Duy Linh/ Tuoi Tre

An Austrade representative delivers a presentation on the performance of the Vietnam-Australia partnership in 2022. Photo: Duy Linh / Tuoi Tre

Australia picks Vietnam as an investment destination thanks to political security

Eliza Chui, a representative of Austrade, said that many factors had encouraged Australian firms to do business in Vietnam, including the country’s political security, rapid post-COVID-19 recovery, golden population, anti-corruption efforts, and transparency.

“Vietnam is Southeast Asia’s sixth-largest economy, while the nation is home to 291 industrial parks, making it more attractive to foreign investors,” said Chui.

“After the COVID-19 pandemic, Vietnamese people tend to pay attention to their health, so they are willing to seek high-quality products, smoothing the path for Australian exports.”

Bilateral trade between Vietnam and Australia totaled some 23.5 billion Australian dollars (US$15.6 billion) in 2022, making Australia Vietnam’s seventh-largest trade partner.

Meanwhile, Vietnam became Australia’s 10th-biggest trade partner.

Furthermore, Vietnam is Australia’s fifth-largest education partner, sending 27,000 Vietnamese students to Australia and seeing over 8,000 students pursuing degrees at Australia-invested universities in the Southeast Asian country.

Two-way trade in the agro-forestry-fishery sector reached a new record of six billion Australian dollars (US$3.9 billion) last year.

Tony Harman, Australian Agriculture Counselor at the Australian Embassy in Vietnam, delivers a speech at the seminar. Photo: Duy Linh/ Tuoi Tre

Tony Harman, Australian agriculture counselor at the Australian Embassy in Vietnam, delivers a speech at the seminar. Photo: Duy Linh / Tuoi Tre

Australia set to import Vietnamese grapefruit, passion fruit

Tony Harman, Australian agriculture counselor at the Australian Embassy in Vietnam, told Tuoi Tre (Youth) newspaper on the sidelines of the seminar that the event was not only aimed at introducing Australian products to Vietnamese customers, but also at creating a chance for Australian firms to learn more about and buy Vietnamese farm produce.

Many Vietnamese agricultural products are being shipped to Australia, including dried, frozen, and fresh produce.

The Vietnamese shrimp is a much sought-after product in Australia and has gained a dominant position on the market, said Harman.

“We are working to import grapefruit and passion fruit from Vietnam to diversify fresh fruits on the Australian market and provide Australian customers with Vietnam’s high-quality products,” he revealed. 

Australia is focusing on marketing honey products, kangaroo meat, deer meat, peaches, cranberries, and baby formulas to the Vietnamese market. In addition, Australia will make life easier for the import of Vietnamese shrimp, passion fruit, and grapefruit, while issuing certificates to Vietnam’s food irradiation and disinfection facilities.

In response to a topic about the memorandum of understanding (MOU) signed by the two countries last year on sending Vietnamese workers to Australia for work in agriculture, Harman said that both sides were stepping up efforts to implement the memo, and will issue further notice in the near future.

As per the MOU signed in March last year, Australia will issue agricultural visas and receive nearly 1,000 farm workers from Vietnam each year.

However, in September last year, Australia announced the suspension of agricultural visas. Instead, the Australian government shifted to a program with a focus on workers from Pacific island nations and Timor Leste.

Representatives of Australian firms have a discussion with their partners on the sidelines of the seminar. Photo: Duy Linh/ Tuoi Tre

Representatives of Australian firms have a discussion with their partners on the sidelines of the seminar. Photo: Duy Linh / Tuoi Tre

The Australian Department of Foreign Affairs and Trade has been committed to continuing to follow all agreements with Vietnam, while the two countries are in the process of discussing the implementation of these deals.

The series of seminars on Vietnam-Australia education, culture, and cuisine promotion is part of the activities to celebrate 50 years of the two countries’ relations.

After the event in Hanoi, other seminars will kick off in Hue and Da Nang in March, and in Ho Chi Minh, Nha Trang, and Can Tho in September.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20230327/vietnams-political-security-makes-the-country-more-attractive-to-australian-investors/72297.html

Continue Reading

Business

Vietnam – Australia agro-forestry-fishery trade exceeds $4bln in 2022

Two-way trade turnover between Vietnam and Australia hit A$23.5 billion ($16 billion) in 2022, a year-on-year rise of 27 per cent.

Published

on

In particular, the trade of agriculture, forestry and fishery products topped A$6 billion ($4 billion) for the first time, or more than double the figure in 2021.

The figures were revealed at a workshop on agricultural food held in Hanoi on March 27, as part of series of activities marking the 50th anniversary of Vietnam-Australia diplomatic ties. The workshop drew the participation of 400 businesses, organizations, and associations in the two countries.

Vietnam has been one of the fastest-developing trade partners of Australia in recent years, with two-way trade turnover surging 27 per cent in 2022 against 2021, to A$23.5 billion ($16 billion), according to Ms. Tran Huong, Marketing Director of Austrade.

Vietnam is currently Australia’s tenth-largest trading partner while Australia is Vietnam’s seventh-largest.

Source: VnEconomy

Source: https://e.nhipcaudautu.vn/economy/vietnam–australia-agro-forestry-fishery-trade-exceeds-4bln-in-2022-3351574/

Continue Reading

Business

Japanese retailer Muji to expand in Vietnam, targeting affluent

Japanese retailer Muji plans to open more stores in Hanoi in the second quarter of this year to meet increasing demand for high-value products.

Published

on

Muji has been present in Vietnam for three years, with five stores, three in Ho Chi Minh City and two in Hanoi.

The news site quoted Tetsuya Nagaiwa, general director of Muji Vietnam, as saying: “Its stores in Vietnam are the largest at around 2,000 square meters on average. The size in Vietnam is almost double the average in other countries, including Japan.”

Muji’s latest 2,000-square meter store in HCMC’s Thu Duc city sells everything from food, home appliances and clothing to furniture, stationery and accessories.

Earlier, Nagaiwa said his company would cooperate more with local producers to sell more products specifically designed for the Vietnamese market, at better prices. The shift would reduce the firm’s expenses and provide more work for local manufacturers.

“We see strong demand for high-value products,” he said, adding that Muji’s sales remained good because young consumers prefer its stationery, cosmetics and furniture.

Muji has steadily increased the local content rate and looked for local suppliers, Nagaiwa said, citing goods made in Vietnam account for 30% of its products and 97-98% in the case of products like T-shirts, backpacks and messenger bags. “We hope these numbers will increase in future,” he said.

After discovering that the Vietnamese stationery market only had the popular and high-end segments and not the mid-range one, Muji started selling ballpoint pens for VND19,000 ($0.8), attracting students, who liked Japanese goods with minimalist designs, he added.

Not only Muji, many other Japanese retailers are opening more stores in Vietnam, targeting consumers that are not much affected by the difficult economic situation, said the news site.

Uniqlo, which has 15 stores in Vietnam after entering three years ago, last month announced plans to expand its network to the southern province of Binh Duong, with the first store to be opened this spring or summer.

In February, Aeon started building its seventh outlet in Vietnam in the central town of Hue at a cost of $169.67 million. Once inaugurated in April 2025, the 86,216-square-meter mall, located in the An Van Duong new urban area in An Dong ward, will be the largest mall in the central region.

Last December, Aeon signed a memorandum of understanding with Hai Duong authorities to build a mall in the northern province. The mall will be located in the southern urban area of Hai Duong town near Vo Nguyen Giap boulevard.

The Japanese retailer is now operating six malls in Vietnam, including two in Hanoi, one in Hai Phong, two in HCMC and one in nearby Binh Duong.

A recent business survey by the Japan External Trade Promotion Organization found that 100% of Japanese retail businesses in Vietnam expect profits to increase this year. Of them, 80% said they would expand in the next one to two years.

Source: The Investor

Source: https://e.nhipcaudautu.vn/companies/japanese-retailer-muji-to-expand-in-vietnam-targeting-affluent-3351568/

Continue Reading

Trending