Lodgis Hospitality's long-term vision and invesment strategy for vietnam's tourism market Lodgis Hospitality, the investment partnership between the leading global private equity firm Warburg Pincus and Vietnam’s leading investment manager, VinaCapital, is focused on Vietnam’s tourism industry, with the strategic aim to support the development of Vietnam as an international tourism destination by delivering a range of high-quality hospitality real estate developments and services. Vietnam - a timeless charm Vietnam - a truly fascinating country, offers a 3,260km coastline, connecting the North and South with white-sand beaches. Beyond its significant coast, the country boasts overlapping ranges of mountains, primeval forests, and world famous caves. The destination is also known for its rich history, deep culture and arts, and unique street food cuisine. More than its diverse natural landscape, Vietnam also has vibrant cosmopolitan cities such as Hanoi and Ho Chi Minh, … [Read more...] about Lodgis Hospitality’s long-term vision and invesment strategy for vietnam’s tourism market
Continuous glucose monitoring market
Stock market size reaches 88% of GDP
An overview of the Aqua City project developed by Novaland in the southern province of Đồng Nai. Novaland is among companies whose capitalisation is valued at billions of dollars on the market. — Photo novaland.com.vn HÀ NỘI — Việt Nam's stock market reached approximately 87.68 per cent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far. The other two high rates recorded were in August 2018 at 84.57 per cent and March 2018 at 83.08 per cent. Including the government bond market and corporate bond market, the value of Việt Nam’s entire stock market by the end of 2020 exceeded 110.64 per cent of GDP, this is also the highest rate ever recorded. New cash flow continuously pouring into the market since the second half of 2020 has boosted liquidity. December 2020 and January 2021 were two months witnessing record matching value, of more than VNĐ250 trillion (US$10.8 billion) and more than VNĐ300 trillion on the Hồ Chí Minh City … [Read more...] about Stock market size reaches 88% of GDP
Covid-19 continues to drag down Vietnam’s inbound tourism
The Hanoitimes - Dramatic drops in arrivals were seen in major markets such as China, South Korea, Japan, Taiwan (China), Europe and the US. Vietnam welcomed nearly 3.8 million international visitors in the first seven months of 2020, a drop of 61.6% over the same period last year as the country keeps its borders closed to foreigners to contain Covid-19. Halong Bay, Quang Ninh province is one of the most favorite destinations for foreign visitors. Photo: Vietnam Travel Facebook page Some 13,900 foreigners have arrived in Vietnam in July, increasing 58.7% from June but plummeted 98.9% year-on-year, according to the latest report from the General Statistics Office. The central government has only authorized some repatriation flights to bring Vietnamese citizens home. Foreigners are allowed to enter in some exceptional cases such as expats, diplomats, business executives and highly-skilled laborers. Dramatic drops were seen in major markets such as China, … [Read more...] about Covid-19 continues to drag down Vietnam’s inbound tourism
Top destinations coming on top of mind of Vietnamese travelers in 2021
The Hanoitimes - This year will be a good opportunity for Vietnam’s wellness tourism market, especially the country is emerging as a safe destination for pandemic control. Islands, beach cities and famous tourist cities are expected to come on top of mind of Vietnamese travelers in 2021 as Covid-19 is being rolled back. Phu Quoc Island is one of the most favorite destinations among Vietnamese travelers. Photo: Sun Group Vietnamese tourists often opt for a two-to-three-day tour when they have a long weekend or short holidays. Their preferred destinations are those in the proximity of their cities and easily accessible by road, according to a recent report conducted by Outbox Consulting, a research & consulting firm in Vietnam. Regarding beach cities, Vung Tau in the southern province of Ba Ria-Vung Tau and Nha Trang in the southern province of Khanh Hoa are among popular destinations that domestic travelers would visit at their convenience. Ha Long in … [Read more...] about Top destinations coming on top of mind of Vietnamese travelers in 2021
VIETNAM BUSINESS NEWS MARCH 1
Vietnam Rubber Group to raise natural rubber output under its own brand A worker collects latex from a rubber tree (Illustrative photo: VNA) The rate is expected to hit 92 percent by 2022. The VRG has built a set of standards and introduced VRG-branded rubber products since 2018, bolstering consumption of its products along with Vietnam’s rubber brand in the international market. VRG-branded products reached 255,407 tonnes last year, accounting for 68 percent of the group's total output, from just 20,790 tonnes recorded in 2018. The VRG reported 21.17 trillion VND in revenue and 5.23 trillion VND in post-tax profit in 2020, year-on-year increases of 6.9 percent and 36.4 percent, respectively./. CPI in February highest in 8 years Vietnam’s consumer price index (CPI) in February was up 1.52 percent over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO). This is the highest February CPI growth recorded in the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 1