Welcoming the six millionth international visitor to Ho Chi Minh City (HCMC) in 2017 is an important event concretizing the agreement of economic and social development between Vietnam Airlines and the City.
The Asian Development Bank (ADB) upgrades its growth prospects for Vietnam to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively.
With 21 global economies participating in the APEC 2017 Economic Leaders' Week, Danang’s tourism and retail market will be benefited enormously.
Tourism and related services could make up for the drop in crude oil output, given the sector's growing share in the economy, according to Deputy Prime Minister Vuong Dinh Hue.
Recently, a cooperation agreement on tourism promotion was signed between Vietnam National Administration of Tourism (VNAT, under the Ministry of Culture, Sports and Tourism) and Vietnam Post (VNPost, under the Ministry of Information and Communications).
Vietnam ranks 28th in the world for its favourable conditions for tourism development. However, it is still stuck at number 113 for its policies and number 111 for its tourism service system.
HSBC has decided to reduce its forecast of Vietnam economic growth for 2017 from 6.4% to 6%.
Vietnam has undergone an astonishing 30 years of development. The World Bank's outlook for the Vietnamese economy remains highly positive, with average GDP growth of around 6% forecast annually until 2020.
The country has seen an estimated 6.2 million international visitors in the first half of this year, up 30.2 per cent year-on-year, the General Statistics Office (GSO) reported.
Some travel firms have expressed disappointment about the latest draft version of the amended Tourism Law, which removes the regulation on allowing foreign-invested enterprises to organize outbound tours.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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