State management agencies, firms work to ensure price stability

Although inflation has been controlled in accordance with the set target, state management agencies and enterprises have stayed vigilant and prepare price stabilisation measures in the remainders of the year.

The report titled “Travel Trends 2024: Breaking Boundaries” by Mastercard's Economics Institute also affirmed Vietnam has emerged as a favoured international destination of Indian travellers.

The report said Indian outbound travel to Vietnam in the first three months of 2024 soared by 248% compared to 2019 levels.

According to experts, Vietnam has several advantages to further attract Indian travellers. Firstly, the distance between Vietnam and India is not too far as it takes about 4-5 hours to fly from India to Vietnam. Recently, more direct flights connecting the two countries have been operated.

In addition, Vietnam has competitive service prices, which are 10-15% cheaper than those in other countries in the region. Moreover, for many Indians, Vietnam is still a new destination with diverse culture, cuisine, and rich natural resources which inspire them to explore.

This helps explain why the number of Indian visitors to Vietnam has increased sharply in recent time, especially in places with rich tourism resources and high-quality infrastructure such as Da Nang, Phu Quoc, Ha Long, Hanoi, and Ho Chi Minh City./.