New products, services needed to reach tourism targets

To realise the targets of attracting 110 million tourists and earning some 650 trillion VND (27.5 billion USD) in revenue this year, Vietnam is recommended to develop more products and services to offer new experiences to visitors.
New products, services needed to reach tourism targets ảnh 1Visitors to Hanoi on a bus tour (Photo: VNA)
Hanoi (VNA) – To realise the targets of attracting 110 million tourists and earning some 650 trillionVND (27.5 billion USD) in revenue this year, Vietnam is recommended to developmore products and services to offer new experiences to visitors.

TheVNDirect Securities JSC held that the aviation and tourism industries willrecord breakthrough growth from 2023 thanks to the strong recovery ofinternational markets.

Thenumber of foreign arrivals in Vietnam is predicted to completely return to pre-pandemiclevels by next year 2024 and be equivalent to 118.9% of the 2019 figure, before the COVID-19broke out, a year later, the Lao dong (Labour) daily reported.

TheUN World Tourism Organisation (UNWTO) recently also forecast the internationaltourist number may reach 80 - 95% of pre-pandemic levels in 2023.

TheVietfoot Travel company said the country’s tourism sector, including travel andevent planning firms, will have opportunities to bounce back and soon regainits 2019 growth trend.

Vietnamwelcomed 871,200 international arrivals in January. It targets 8 million foreigners for this year.

New products, services needed to reach tourism targets ảnh 2Foreign tourists visit the Old Quarter of Hanoi by pedicab. (Photo: VNA)
Despitea surge in the tourist number since the year’s beginning, the sector is stillfacing difficulties and challenges.

Laodong quoted General Director of the Vietnam National Administration of TourismNguyen Trung Khanh as saying that due to impacts of the global economic recessionand domestic socio-economic changes, travellers’ purchasing power has decreasedand they tend to curb spending on middle- and high-end services.

Toachieve the set targets, many experts recommended the sector develop new productsand services, diversify and improve the quality of services, and increaseexperiences to meet tourists’ demand.

Theyadded travel businesses should also increase communications and promotionactivities, stay updated with market trends, and ensure security and safety ofdestinations. It is also necessary to enhance tourism connectivity amonglocalities to attract more domestic and international visitors./.
VNA

See more

Loading and unloading steel products at Hoang Dieu–Chua Ve Port, Hai Phong city (Photo: VNA)

Hai Phong city seeks to boost inland waterway transport

According to the Hai Phong Maritime Administration, inland waterways carry coal, agricultural products, ores, stone, cement and other bulk cargoes, helping ease pressure on roads, particularly those connecting seaports and industrial parks.

Speakers at the conference (from left): AVPI Advisory Board Chair Dr Le Thu Huong, Australian Ambassador to Vietnam Gillian Bird, and Vietnamese Consul General in Sydney Nguyen Thanh Tung. (Photo: VNA)

Vietnam, Australia turn momentum into practical cooperation

Vietnam and Australia should focus on promoting two-way investment, expanding cooperation linked to APEC 2027 and making better use of people-to-people connections. Vietnam needs capital, skills, technology, infrastructure, and energy transition expertise - areas where Australia could offer valuable support.

The interface of the National E-Procurement System. (Photo: muasamcong.mpi.gov.vn)

Vietnam to move PPP bidding online from 2027

From January 1, 2027, PPP project proposals must be submitted through the National E-Procurement System. From September 1, 2027, investor selection for PPP projects tendered through open bidding will move fully online.

An automated robot-based production line at CAYI Technology Vietnam Co., Ltd. in Yen Phong II-C Industrial Park, Bac Ninh city (Photo: VNA)

EuroCham: Business Confidence Index in Vietnam remains high at 78.3 in Q3

The survey found that 64% of respondents described their current business conditions as good or very good, while 28% maintained a neutral or cautious outlook, reflecting a wait-and-see attitude as international demand remains flat and businesses look for policy momentum to translate into faster procedures and more predictable outcomes.

Workers manufacture handheld power tools at the Keystone Electrical Vietnam factory in Lien Ha Thai Industrial Park, Thai Thuy commune, Hung Yen province (Photo: VNA)

Vietnam seeks to turn FDI inflows into domestic value added

Vietnam is shifting its FDI attraction strategy from expanding investment volumes to prioritising capital inflows that brings technology, knowledge, modern management practices and stronger links with domestic businesses, particularly in semiconductors, artificial intelligence (AI), chips and renewable energy.

At Yadea Vietnam’s smart manufacturing plant in Tan Hung Industrial Park, Bac Ninh province (Photo: VNA)

Vietnam ties FDI incentives to local supplier commitments

Incentives will increasingly hinge on investors’ performance and commitments, not just on landing projects. Key commitments include transferring technology to Vietnamese firms, training workers, providing technical support and opening FDI supply chains to domestic companies.

Green SM has launched all-electric taxi service in the US. (Illustrative photo: VNA)

Green SM launches all-electric taxi service in US

The move brings Green SM into one of the world’s most dynamic and demanding markets. It also marks another step in the international expansion of the Vietnamese mobility brand, following its rapid growth across markets in Asia and Europe.

An overview of the meeting between IMF Managing Director Kristalina Georgieva and ASEAN Finance Ministers and Central Bank Governors (Photo: VNA)

Vietnam strengthens financial cooperation at IMF-World Bank annual meetings

The Vietnamese Governor underscored the complementary roles of global and regional financial cooperation mechanisms, including the Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO). He also highlighted the importance of technical assistance in fintech, digital transformation, cybersecurity and risk management.

Representatives of the organising committee at the opening ceremony of the fair (Photo: VNA)

Vietnam-Cambodia trade expo promotes bilateral economic cooperation

The Vietnam-Cambodia Business Networking and Product Promotion Exposition has become a key trade promotion event, creating business and investment opportunities while strengthening mutual understanding and trust between the two countries’ armies, people and enterprises.