Vietnam is forecast to witness a 80-pecent drop in the number of foreign tourists visiting the country in 2020 if the COVID-19 pandemic is not controlled by the end of the year, according to the Vietnam National Administration of Tourism (VNAT).
Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will remain stable because market demand remained high while supply is limited.
Cambodia’s aviation industry is almost completely decimated due to travel restrictions triggered by the COVID-19, with air passenger numbers dropping more than 90 percent as of April this year, the Khmer Times reported.
Vietnam exported 7.5 million tonnes of cement and clinker in the first quarter of this year, earning 291 million USD, reported from the Ministry of Industry and Trade.
Tourist arrivals in Hanoi in the first quarter are estimated at 3.85 million, down 47.2 percent annually, according to the Hanoi Department of Tourism.
Revenue of commercial companies grew by more than 10 percent in the first two months of this year compared to the same period last year, reported the Ministry of Industry and Trade.
The profit of Vietnam Airlines Corporation will be strongly affected by the spread of COVID-19 in countries around the world, according to the preliminary report of the Committee for Management of State Capital at Enterprises (CMSC).
Total retail sales of goods and service revenue in Ho Chi Minh City approximated 239.27 trillion VND (10.4 billion USD) in February, down 5.4 percent month on month but up 11.2 percent year on year.
The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency.
The capacity of coal-fired power plants in Vietnam will be reduced to 8,760 MW in 2025 and 6,340 in 2030 due to the sluggish implementation of several projects and the disagreement of some localities in coal-fired power plant development.
Tourist arrivals in the northern province of Quang Ninh is forecast to decline significantly in the first quarter this year due to outbreak of the acute respiratory disease caused by the novel coronavirus (COVID-19).
The retail prices of petrol were strongly reduced starting 3pm on February 14 in the latest review, the third decrease since the beginning of the year.
Singapore’s tourism sector will take a significant hit, with visitor arrivals estimated to fall by 25-30 percent this year due to the novel coronavirus outbreak, said the Singapore Tourism Board (STB) on February 11.
Cambodia shipped 50,450 tonnes of rice worth 39 million USD to foreign markets in January, a year-on-year decline of 15.39 percent, according to the Cambodia Rice Federation (CRF).
The number of tourists paying a visit to Ho Chi Minh City during the Lunar New Year (Tet) has suffered a decline of approximately 12 per cent as a result of the ongoing novel coronavirus (nCoV) situation.
The outbreak of the acute respiratory disease caused by the 2019 novel coronavirus (nCoV) has started impacting Indonesia’s tourism and export sectors, according to Indonesian officials.
The retail prices of petrol were reduced as from 3pm on January 30 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
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