Gloomy prospects for Vietnamese travel firms anticipated

Thousands of tourism firms have suffered heavily from Covid-19. Many of them have had to shut down, while others have to take extra jobs to earn a living and survive the current difficulties.

Viet Media Travel Corporation is a large travel firm, mostly providing outbound tours. The number of Vietnamese traveling abroad account for 70 percent of the company’s total clients, while most of the remaining are domestic travelers and there are very few inbound tourists.

Gloomy prospects for Vietnamese travel firms anticipated



The travel firm once had over 1,000 workers in its heyday, including 500-600 tour guides, and revenue of VND1 trillion a year, serving more than 1 million clients.

However, Viet Media Travel was also one of the first companies suffering from Covid-19. According to Tran Van Long, its CEO, most workers have resigned from their posts.

The company has shifted to produce medical face masks and antiseptic liquid to earn its living during the current difficult days.

In Vietnam, thousands of travel firms are in the same situation.

If the pandemic cannot be contained by September or October, Vietnam’s outbound tourism will fall into extremely difficult situation and a number of tourism firms will go bankrupt.

Phung Quang Thang, director of Hanoutourist, said if the pandemic cannot be contained by September or October, Vietnam’s outbound tourism will fall into extremely difficult situation and a number of tourism firms will go bankrupt.

 


Thang estimates that there will be 40-50 million domestic travelers this year, and 25-30 million travelers from now to the end of the year. Vietnam’s tourism infrastructure, capable of receiving 80 million domestic travelers, now serve only 1/3 of the amount.

The supply is bigger than demand. Meanwhile, there are more and more independent travelers who book their air tickets and hotel rooms, and it is not easy for travel firms to sell tours.

According to the Vietnam National Administration of Tourism (VNAT), Vietnam had 2,022 international travel firms as of the end of 2018, including 788 joint stock companies, 20 joint ventures and 1,214 limited companies and private enterprises.

According to Vu The Binh, deputy chair of the Vietnam Tourism Association, the outbound tourism market is very attractive.

A report found that 10 million Vietnamese travelled abroad in 2019 and the market witnessed 20 percent growth rate annually. This explains why more and more outbound travel firms have been established in recent years. Around 70 percent of the 2,000 international travel firms provide outbound tours.

“It is not easy to shift to domestic tours,” Thang said. “I am afraid that Vietnam will witness a wave of outbound travel firms going bankrupt, at least 50 percent of operational firms. "

Ngo Hoai Chung, deputy general director of VNAT, said he was worried about the development of the tourism industry after seeing nearly 10 international travel firms shut down each day because of the epidemic. 

Ha Yen

Vietnam among leading global travel destinations for 2021

Vietnam among leading global travel destinations for 2021

The website Traveller Australia has listed Vietnam among the top 10 safe and friendly overseas nations that Australians are most likely to be visiting during 2021.

Japan agrees to discuss travel re-connection with Vietnam

Japan agrees to discuss travel re-connection with Vietnam

Japanese Foreign Minister Toshimitsu Motegi on June 1 agreed to conduct a discussion with the Vietnamese Government on considering the resumption of travel between the two countries.

 
 

Other News

.
Travelers to enjoy huge discounts for Hoi An visit
Travelers to enjoy huge discounts for Hoi An visit
TRAVELicon  18/07/2020 

Holidaymakers looking to travel to Hoi An will be able to receive a special promotion of 50% at several tourist sites from August 1 to October 31.

Thai Vi Temple – peaceful place in Ninh Binh province
Thai Vi Temple – peaceful place in Ninh Binh province
TRAVELicon  17/07/2020 

Thai Vi temple is located in a big valley of Van Lam hamlet, Ninh Hai Commune. The Van Lam villagers had built Thai Vi temple to remember the Kings of Tran Dynasty for the establishment of Vu Lam Royal step-over in 1258 after the kings passed away.

Vietnam working with foreign authorities to restore air links
Vietnam working with foreign authorities to restore air links
TRAVELicon  17/07/2020 

Under the direction of the Prime Minister, ministries and agencies are actively working with foreign counterparts on the restoration of air transport links between Vietnam and a number of countries and territories, 

Development won't hurt Can Gio Biosphere Reserve, says former official
Development won't hurt Can Gio Biosphere Reserve, says former official
TRAVELicon  17/07/2020 

PhD Le Duc Tuan, former Secretary of the Can Gio Biosphere Reserve, talks about the potential development of the Can Gio Biosphere Reserve into a tourism hub.

Vietnam's tourism requires co-operation from all stakeholders to recover
Vietnam's tourism requires co-operation from all stakeholders to recover
TRAVELicon  16/07/2020 

Localities and all links in the tourism value chain need to join hands to boost domestic tourism, which is now a priority for the struggling industry’s recovery post-pandemic, tourism experts have said.

VN Transport Ministry proposes reopening international flights in August
VN Transport Ministry proposes reopening international flights in August
TRAVELicon  16/07/2020 

The Ministry of Transport has proposed the Prime Minister allow the resumption of commercial flights between Vietnam and certain other countries in August.

Exploring the leading summer spots of Quy Nhon
Exploring the leading summer spots of Quy Nhon
TRAVELicon  17/07/2020 

Located in the central coastal province of Binh Dinh, Quy Nhon city is home to a variety of tourist attractions that prove to be popular among visitors during the summer months.

International flights could resume in early August
International flights could resume in early August
TRAVELicon  15/07/2020 

The Ministry of Transport has proposed to the Prime Minister that international flights to priority areas could begin to operate from early August.

Bougain villea blossoms brighten up Nha Trang city
Bougain villea blossoms brighten up Nha Trang city
TRAVELicon  15/07/2020 

Bach Thai Buoi Street on the banks of the Quan Truong River in Nha Trang city has become a popular tourist destination thanks to the vibrant colours of its Giấy blossoms, which give the city a new look during summer.

Ly Son island enchants tourists with pristine beauty
Ly Son island enchants tourists with pristine beauty
TRAVELicon  16/07/2020 

Located 30km from Sa Ky fishing port in Quang Ngai province, Ly Son island has been emerged as an attractive tourist destination in recent years thanks to its pristine beaches.

Vietnam Railway launches app to sell tickets
Vietnam Railway launches app to sell tickets
TRAVELicon  15/07/2020 

The Vietnam Railways Corporation (VNR) officially launched an application to buy train tickets and pay online on smartphones from July 15 to improve customer services.

Beauty of Dak Nong Global Geopark
Beauty of Dak Nong Global Geopark
TRAVELicon  17/07/2020 

UNESCO has designated Vietnam’s Dak Nong Geopark as one of its Global Geoparks. Dak Nong is the third park in Vietnam to have been awarded this honor so far after Dong Van Krast Plateau and Non Nuoc Cao Bang in northern Vietnam.

VN tourism industry warned of labor shortage after COVID-19
VN tourism industry warned of labor shortage after COVID-19
TRAVELicon  16/07/2020 

The massive departure of workers in the industry in the last five months has caused problems for business executives, who will have to find qualified workers in the post-pandemic period.

Bo nhung dam, a must-try dish in Hanoi
Bo nhung dam, a must-try dish in Hanoi
TRAVELicon  15/07/2020 

Hanoi is home to hundreds of delicious dishes and prominent among them is bo nhung dam (beef dipping in vinegar hotpot).

Reverie Saigon named among leading hotels in the world
Reverie Saigon named among leading hotels in the world
TRAVELicon  14/07/2020 

New York-based travel magazine Travel + Leisure has placed Reverie Saigon in Ho Chi Minh City among its list of the world’s top 100 hotels for the year.

Fresh Vietnamese spring rolls honoured by foreign media outlets
Fresh Vietnamese spring rolls honoured by foreign media outlets
TRAVELicon  15/07/2020 

Aside from being home to distinct and delicious dishes such as Pho and Banh Mi, the nation’s Goi Cuon, also known as fresh spring rolls, also proves to be one of the most popular foods among travelers to Vietnam.

Ầu Ơ Kitchen - A journey to the countryside
Ầu Ơ Kitchen - A journey to the countryside
TRAVELicon  16/07/2020 

We had a special dinner date at Ầu Ơ Kitchen, at the suggestion of a friend because it’s in downtown Hanoi. We trusted her taste, not just in a culinary sense but also her choice of setting, and above all the first-class service.

Vietnameses food: Crab soup with black eggs
Vietnameses food: Crab soup with black eggs
TRAVELicon  14/07/2020 

Black eggs are eggs preserved in clay, ash, salt, quicklime and rice hulls, giving them a black colour and jelly-like texture. 

Vietnamese people to travel confidently domestically: Google
Vietnamese people to travel confidently domestically: Google
TRAVELicon  14/07/2020 

Travelers in Vietnam are expressing interest in future domestic travel, because the COVID-19 pandemic has impacted the way people will approach travel-related decision-making, according to the latest study by Google.

PM Phuc agrees to reopen air transportation links with China
PM Phuc agrees to reopen air transportation links with China
TRAVELicon  14/07/2020 

PM Nguyen Xuan Phuc has agreed to reopen air transport activities between Vietnam and China during a recent cabinet meeting to discuss plans regarding novel coronavirus (COVID-19) prevention and control measures.

 
 
 
Leave your comment on an article

OR QUICK LOGIN