Hanoi: Vietnam’s tourism industry stands at the threshold of a remarkable milestone, with experts asserting that an impressive figure of 14-15 million foreign visitors could be achieved this year, provided unexpected issues are kept at bay.
A recent survey conducted by Vietnam Report JSC has unveiled an optimistic outlook, with 66.7% of businesses in the tourism and hotel industry expressing confidence in more favourable prospects this year. Among them, 92.9% anticipate robust growth in revenue, while 85.7% foresee an uptick in both profit and visitor numbers.
Vu Dang Vinh, CEO of Vietnam Report, said their confidence is entirely justified, citing the impact of the new visa policy effective since August 15, 2023. This policy allows electronic visas for tourists from all countries and extends visa exemptions for certain visitors to 45 days, up from the previous 15 days. As a result, the number of foreign arrivals exceeded 1 million in the last four months of the previous year, far surpassing the initial plan
.
Looking ahead, up to 92.9% of respondents view this policy as a “lever” crucial for sustaining the growth trajectory of Vietnam’s tourism industry.
The hosting of international tournaments, such as the VTV Cup International Women’s Volleyball Cup and the Asian Women’s Club Volleyball Championship, has played a crucial role in bringing the images of Vietnam and its people closer to the global audiences. Complemented by accolades at the World Travel Awards ceremony, 85.7% of surveyed businesses emphasised the strategic importance of promoting Vietnamese tourism through international events on culture, sports, festivals and tourism exhibitions as a key recommendation for 2024.
Despite Vietnam’s commendable rise to the fourth position in Southeast Asia for tourist arrivals, World Data statistics revealed a challenge. While other countries maintain a certain threshold of average revenue per visitor, Vietnam has experienced a decline, slipping from the fifth to the sixth place. This is attributed to its emphas
is on developing local specialty stores rather than duty-free shopping centres, a trend that the industry needs to reassess.
Vinh proposed a forward-looking solution, advocating for the establishment of factory outlets in duty-free zones. This strategic move not only attracts a substantial customer base from Asian countries but also mitigates the “currency bleeding” phenomenon, wherein Vietnamese tourists curtail overseas shopping expenditures, he said./.
Source: Vietnam News Agency
Nonthaburi, Minister of Commerce Announcing a collaboration with Be On Cloud, a world-class Y series producer, and two famous young actors “My-Apo” to help push Thai products into the domestic and international markets. Hopefully Thai products will go international along with the business of the movie series industry and related industries as well.
Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, attended the press conference: ‘The Ministry of Commerce joins with Be On Cloud, producer of the world-class Y series MOC Promote gender equality Ready to launch a new project, male series “Shine” by two famous young actors, Myf-Apo. Mr. Phumtham has asked to sneak into the vegetable garden of the actors “My-Pakphoom Romsaithong” and ” Apo-Nattawin Wattanakitipat’ which caused a landslide of screams.
‘He is the Minister of Commerce. The duty is to sell things. Providing products from Thai farmers There is an opportunity to be in the market and in the world. He met with Mr. Akkaranan. Kanki
ttinan, Kanchanaburi MP, Pheu Thai Party, recommended the Y series couple My-Apo because they are a very cute couple. I want to do a project together. A collection of love that includes both love for the country and the people who love Nong My-Apo Together, Thai products will advance to world-class products,’ Mr. Phumtham said.
However, the Ministry of Commerce must do something new. outside the original framework After talking with Mr. Kritsada Wittayakajorndej, co-director and executive of B On Cloud, learned about My-Apo’s story, and was impressed that this generation misses the nation. Use your potential and abilities to promote national development. Having someone who loves him very much is a powerful force with great potential. And this year, equal marriage will definitely happen. It comes from the power of love from all of you. Respect humanity Love the way you are Give the small people in society the opportunity to have a chance to succeed.
Mr. Kritsada Wittayakajorndet, co-director and executive of
B On Cloud, said he didn’t want to end with just Man Suang. Movies that are more than just fun can create an economy on a small to large scale. And today I want to bring community products, Thai products, because we are proud to be Thai. If it can be brought to the world level, we will be very proud. and met with MP Golf who spoke about equal marriage I believe that there will be hope for the future of Siam. The Ministry of Commerce has bases in all provinces. and abroad Very surprised by the work related to the Ministry of Commerce. I admire the entire team. They came to the right place. I want to tell everyone to come and help make Thai products prosperous. And you must definitely do it. After this, we will coordinate with the Ministry of Commerce to help select products. We as content creators Support products and help choose them to be included in the chapter. Every province has good things.
Mr. Wittaya Maneenet, spokesman for the Ministry of Commerce, said that in 2023 the export value of the movie seri
es industry and related industries is worth 8,000 million baht. By 2024, it is expected to increase to 10,000 million baht, especially in the movie group. And Series Y is expected to increase in value from 1,000 million baht to 2,000 million baht from the cooperation and proactive work of the Ministry of Commerce. It can also push products and services. and tourism Increase economic value by more than 5,000 million baht by 2026 as well.
Source: Thai News Agency