The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of COVID-19.

The fourth wave of COVID-19 infections in Vietnam has caused disruptions to most sectors once again as the country was preparing for the tourism season.

For travel firms to survive the pandemic, they have had to undergo restructuring.

2020 was a disastrous year for the aviation and tourism industries, which were hit hard by the Covid-19 pandemic.

Several travel companies admitted that although they are struggling due to the Covid-19 pandemic, it’s hard for them to secure bank loans because banks classify them as high-risk businesses.

Some restaurants and hotels owned by Saigontourist have begun selling food online, while iVIVU, the online hotel room booking platform, has started selling combo lunch and Hue Smile local specialties.

The Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet when the COVID-19 pandemic eases.

The owners of small and 3-4-star hotels, valued at tens or hundreds of billion of dong, have suffered the most from COVID-19.

Many travel firms have to halt their operation as they do not have sufficient sources of revenue amid the Covid-19 crisis.

In July 2019, ministries and people’s committees of central cities and provinces received a request to study Chinese policy on night-time economy development.

Vietnam’s tourism ranks 47th in the world and 15th in Asia. However, there is still a big gap between Vietnam and other Southeast Asian countries.

Admission tickets to scenic spots and tourist attractions have become more expensive, while the quality of service has not increased. 

VietNamNet Bridge - Tourism companies with fake names of well-known travel companies are causing misunderstandings among customers. 

VietNamNet Bridge - HCMC travel firms, repeatedly complaining about the serious pollution of the rivers and canals in the city, have urged the local authorities to find solutions.

VietNamNet Bridge - Hanoi is expected to have 20,000 rooms in the next five years and 20 luxury hotels located in advantageous positions in the city. 

 VietNamNet Bridge – Some 400 travel companies in Vietnam may lose their licenses for outbound tours as they have yet to re-register their business operations as regulated in Government Decree 180/ND-CP.

VietNamNet Bridge - Transport firms say that a tentative requirement on tour-bus drivers’ English skills will be “more difficult to fulfill than going to the sky”. 

 VietNamNet Bridge – Local tour operators have decried draft regulations that require them to find drivers able to communicate in English to serve their tourists and use coaches with a maximum registered operation duration of 15 years

 VietNamNet Bridge – Local travel companies are looking to modest growth in tour bookings during the upcoming holidays of Hung Kings’ death anniversary, Reunification Day, and International Labor Day from late April till early May.