After nearly five months of operation, Vietnam’s first private airport is looking to welcome a raft of international flights which will bring tourists to Halong Bay.
The country has experienced 25 per cent growth on international visitor arrivals between 2016 and 2018, with tourism receipts accounting for some 11 per cent of GDP, according to Maybank Kim Eng Research.
The credit facility aims to remove institutional bottlenecks to enable Vietnam’s largest city and economic powerhouse to address some of its most pressing urban governance challenges.
In 2019 and 2020, Vietnam will be welcoming a new wave of production and manufacturing shifting from China. Such trend will give rise to the industrial property across the nation, according to CBRE.
Fitch Ratings has affirmed Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’ and revised the outlook to positive.
International tourists are spending less in Vietnam than in other regional countries.
The authorities are calling for investment in 210 key projects with a total development cost of up to $53.8 billion.
Hotels in nothern mountainous tourist district of Sapa have suffered a massive water shortage in the past weeks due to a prolonged drought.
Should the EU-Vietnam FTA be ratified at the end of 2019, Vietnam could expect to gain some 0.3 percentage point to its real GDP, say economists at HSBC.
Despite the desperate call for visa exemption for international tourists from the private sector, state management bodies insisted that it did not affect the visitor flow into Vietnam.
