The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) of Thailand has decided to lower the national economic growth forecast for the year to 0 - 1.5 percent from the earlier projection of 0.5 - 2.0 percent, due to a prolonged third wave of COVID-19 infections.
The Vietnam International Travel Mart (VITM) 2021, scheduled to take place in Hanoi from July 29 to August 1, is expected to serve as a good chance to warm up Vietnam’s tourism market.
COVID-19 outbreaks since early 2020 are like tsunamis sinking tourism sector regardless of its effort to swim upward. Still, tourism firms have been trying to hang tight and wait for recuperation when the pandemic is eased globally.
Vietnam has become more and more popular in the world tourism map with increasing number of attractive destinations for international tourists in recent years.
Leading experts of Thailand are working on plans to foster investment and revenue from tourism once COVID-19 is brought under control, which will be proposed to the government next month.
The Bank of Thailand has slashed its economic growth forecast this year to 3 percent from 3.2 percent made in December, given the impact of the second wave of COVID-19 infections and tepid tourism.
The number of foreign tourist visits to Indonesia in January still suffered from the COVID-19 pandemic and declined by 89.05 percent compared to the same month of last year, the country’s statistics bureau (BPS) reported.
The Tourism Authority of Thailand (TAT) wants to establish Thailand as the first country to welcome cryptocurrency holders by targeting Japanese tourists in the initial phase.
Indonesian Tourism and Creative Economy Minister Sandiaga Uno said on February 16 that the country will roll out a soft loan worth 9.4 trillion Rp (670 million USD) to accelerate tourism recovery in Bali, where 80 percent of population make a living in the sector.
Vietnam welcomed 17,736 foreign visitors in January, a month-on-month increase of 9 percent but down 99.1 percent year-on-year, the General Statistics Office announced on January 29.
Ho Chi Minh City aims to earn 144 trillion VND (over 6.23 billion USD) in revenue from tourism in the best-case scenario this year, heard a conference to review the local tourism industry’s performance last year and chalk out key tasks for 2021 on January 27.
Vietnam will continue to use flexible measures to stimulate the domestic tourism market as international borders remain shut due to the global COVID-19 pandemic, a top tourism official has said.
Thailand’s GDP growth could drop below the 3.2 percent baseline projection due to lower foreign arrivals amidst uncertainty regarding COVID-19 vaccine efficiency, and reduced fiscal stimulus, according to the latest minute from the Bank of Thailand’s Monetary Policy Committee (MPC).
The Bank of Thailand (BoT) has reduced the country's GDP growth outlook for next year from 3.6 percent to 3.2 percent, mainly due to an anticipated delay in tourism recovery.
The northern province of Quang Ninh is intensifying efforts to meet its socio-economic targets and keep its gross regional domestic product (GRDP) growth in the double digits this year.
Indonesia’s Minister of Tourism and Creative Economy Wishnutama Kusubandio recently vowed to disburse an aid package worth 3.3 trillion IDR (224 million USD) for tourism-related businesses and local administrations.
Thailand's economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand (BoT).
The economy of Thailand improved in July thanks to public spending and an easing of coronavirus containment measures, according to the Bank of Thailand (BoT).
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