Vietnamese Tourism is to ride on the back of recovery

danang-vietnam

Minister of Culture, Sports and Tourism reported that Vietnam would receive more than 5 million foreign tourists and the number of local travellers would reach over 28 million this year. The industry expects to turn over VND 85 trillion (USD 4.47 billion).

The figure would also represent an annualized 76 per cent rise in the number of international visitors to Vietnam. Meanwhile, the World Tourism Organization forecast that world tourism would grow by only 5 to 10 per cent this year.

The MCST said that its original target was 4.2 million foreign visitors in 2010, increasing 10 per cent year-on-year.

“Vietnam can now receive up to eight million foreign tourists per year with its current tourist-oriented service and facility systems, which we have already invested VND20 trillion ($1.05 billion) into,” Anh said.

The MCST’s Vietnam National Administration of Tourism (VNAT) reported that the total number of foreign tourists to Vietnam in October 2010 soared 99.3 per cent against a year earlier to over 440,000, raising the total figure to nearly 4.2 million visitors in the year’s first 10 months, up 39 per cent on-year.

Many of Vietnam’s key tourism markets have expanded very fast, such as Cambodia with 97.2 per cent, China 90.3 per cent, Thailand 41.1 per cent, Korea 36.2 per cent, Japan 22.2 per cent, France 15.4 per cent and the US 7 per cent.

Notably, during the Hanoi’s Millennium Celebration from October 1 to 10, the capital city welcomed about 1.2 million domestic visitors and over 30,000 international arrivals.

Anh ascribed the augmented number of foreign tourists to the sector’s tourism promotion programmes, and especially to Vietnam’s key foreign markets such as France, the US, China, South Korea, Japan and ASEAN countries.

However, VNAT head Nguyen Van Tuan offered words of caution.

“I think this growth may see a halt or even drop in the next few years, when Vietnam will have less special anniversaries and cultural events,” Tuan said.

Moreover, the political unrest in Thailand earlier this year prompted many visitors from western Europe and North America to shift their holiday destinations to other countries, including Vietnam, he said.

In 2009, Vitenam received over 3.8 million turns of foreign tourists, down 11.5 per cent on-year, and 25 million domestic tourists, up 19 per cent from 2008. The sector’s total revenue was VND 70 trillion ($3.68 billion).

Source: VIR

Capital Size of the Enterprise sector in Vietnam

capital-size

Nationally, the average registered capital per enterprise has increased over the years, from VND 962 million in 2000 to VND 3.14 billion in 2006; equivalent to a 3.2 times increase. The average registered capital per enterprise was VND 8.1 billion in 2007 and was VND 8.7 billion in 2008. Generally, the average capital size per enterprise increased 9 times during the period of 2000 to 2008. Continue reading “Capital Size of the Enterprise sector in Vietnam”

Beautiful Relaxing Place near Hanoi – V resort

Hoa Binh is a province 73 km away from Hanoi. This place is famous for its mountainous sightseeing  and source of mineral water which is pure, containing minerals, vitamins… Visitors coming here often enjoy the fresh air and swimming in the mineral water swimming pool. Continue reading “Beautiful Relaxing Place near Hanoi – V resort”

Support to Vietnamese Enterprises during Global Economic Downturn

park-hyatt saigon

Support on taxation in 2009

The Government issued a number of new financial policies, including: allowing SMEs to reduce up to 30% of payable corporate income tax (CIT) in the fourth quarter of 2008 and all of 2009; and extending the deadline for CIT payment in 2009 by nine months for enterprises involved in production, outsourcing, agricultural processing, forestry and fishery products, garments and textiles, leather shoes, electronic components.  These are typically enterprises using a large number of workers and have suffered from the negative impacts of the global economic downturn. Continue reading “Support to Vietnamese Enterprises during Global Economic Downturn”

The Largest Ceramic Mosaic Mural in the World

ceramic-mosaic-hanoi

The ceramic mosaic mural located in Hanoi (Vietnam) measures 3.85 kilometers long (6,950m2). However, only a 810m section of the mural along the Red River road has set a new Guinness World Record. Beatriz Fernandez, a representative from the Guinness Book of World Records, presented the city with a certificate for the largest ceramic mosaic at a ceremony in Hanoi on October 5, when a plaque with “in celebration of Thang Long-Hanoi’s millennium anniversary”, was placed on the mural. Continue reading “The Largest Ceramic Mosaic Mural in the World”

Registered Enterprises and Capital of main regions of Vietnam in 2008

The first chart indicates average capital that is registered by enterprises in 8  regions of Vietnam in 2008. Average registered capital ranged from 5.45 to 9.92 billion VND for 7 regions and Mekong Delta was exceptional high with 23.8 billion VND. Explaining for Mekong Delta’s high average capital, it can be referred to some large enterprises that is located in this region. For example Tan Tao Group (register capital 5000 billion VND); Thai Son corporation (200 billion VND); Viet Thanh Steel company (180 billion VND)… However, these statistic should be used with caution since registered capital is self-declare by enterprises, there is no law require enterprises to prove the existence of their registered capital. Continue reading “Registered Enterprises and Capital of main regions of Vietnam in 2008”