Vietnamese airlines are actively expanding their international routes to capitalize on the recovery of tourism.
The ODA loans Japan provides include $346.7 million for the socio-economic recovery and development of Viet Nam post-covid-19 pandemic, $43.3 million for the public transport infrastructure improvement in Binh Duong province, and $32.8 million for upgrading infrastructure for agricultural development in Lam Dong province (phase 1).
Vietnam’s International Mining and Mineral Recovery Exhibition 2022 will take place in Hanoi from 4 to 6 October with various activities to support enterprises.
As Vietnam accelerates economic recovery amid Covid-19, IFC, LeapFrog Investments, and DEG have invested $165 million in convertible Tier 2 bonds issued by HDBank, a leading Vietnamese private retail and SME bank.
A dearth of Chinese tourists, historically accounting for one-third of total arrivals, also suggests that the near-term boost of Vietnam’s tourism maybe muted.
It is important that Vietnam takes action now to maintain its regional and global competitiveness, and not lag in economic recovery, leading foreign business associations have claimed.
A fast vaccination roll-out will help Vietnam quickly re-open up its economy after the novel pandemic.
To support local businesses and help them make a resilient recovery after the Covid-19 pandemic, IFC is providing a $40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank).
It includes two operations designed to support the central government and Ho Chi Minh City in their efforts to improve urban management and promote a recovery that is inclusive, digitally transformative, and sustainable.
Capital-raising and hotel sales highlight investor optimism for the sector’s recovery.
The performance of hotel industry in the third quarter of 2020 will not see much improvement as Vietnam has faced a second wave of Covid-19 since late July, CBRE said.
Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of Covid-19 crisis response funding from IFC, a member of the World Bank Group.
Vietnam’s hospitality market after social distancing due to Covid-19 has showed positive development but recovery is underway.
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Two of Vietnam’s leading clubs, The Bluffs Ho Tram Strip and Laguna Golf Lang Co, are backing the nation to reassert its reputation as one of the world’s hottest golfing destinations as the country eases its Covid-19 lockdown.
