return icon Vietnamnet.vn

Vietnam spends 10 percent of visa fees to promote tourism

Ten percent of total fees from visas granted to foreign travelers and 5 percent of total excursion fees at tourism sites throughout the country will be used to run the Tourism Development Fund, according to Circular 12.

{keywords}

 

The Ministry of Finance’s (MOF) Circular 12 dated February 2022 shows how money from the State budget will be used to promote, advertise and support tourism development.

The money for the Tourism Development Fund would come from two major sources, including the 10 percent of visa granting fees and 5 percent of excursion fees at attractions.

The fund will spend money to organize activities to introduce Vietnam’s tourism; attend international tourism trade fairs; organize inter-country, regional and international tourism promotion events; advertise Vietnam’s tourism on mass media; and organize conferences, seminars and press conferences and other tourism promotion events.

The new regulation in the circular is that Vietnam will spend money to receive key opinion leaders who have influences on Vietnam’s tourism promotion; and organize reality TV shows to catch up with popular media trends.

The fund will also support electronic marketing development that serves tourism promotion and advertisement in the new period, in line with the new development phase of the digital economy and digital platforms.

Regarding spending on tourism development, the fund will support market survey and tourism product developments; develop the workforce for the tourism industry; and organize traditional tourism activities in the community.

Those who follow training courses for up to three months can receive financial support of up to VND4.5 million/head/training course. Those who follow training courses for more than 3 months can receive no more than VND1.5 million/head/month for no more than six months. As such, the support is no more than VND9 million/head/training course.

When organizing the contests on Vietnam’s touris, the fund will give financial support of VND20 million maximum for collective prizes and VND15 million for individual prizes.

The state budget allocated to the fund can be used to support up to 50 percent of total expenses needed to perform the tasks presided over by tourism organizations and firms (one activity and one time within a year).

Analysts say that Vietnam’s spending on tourism promotion is too modest. While other countries spend $60-100 million a year, Vietnam spends only $2 million on these activities.

In related news, since December 2021, the number of searches by international passengers about Vietnam’s aviation and tourism accommodations has increased by 75 percent, the highest level in the globe, according to Google Destination Insights.

The highest number of searches are from the US, Australia and Russia. 

Ngoc Ha

Hanoi among best places for solo travelers: BuzzFeed

Hanoi among best places for solo travelers: BuzzFeed

The green city with a long cultural history, friendly people and reasonable prices is top of mind for many foreign tourists.

Vietnam tourism proactive in digital transformation

Vietnam tourism proactive in digital transformation

Cities and localities across the country have devised their own digital transformation programmes, which shows they have realised the importance of digital transformation to tourism development.

MORE NEWS

Binh Duong lures foreign investors with special care

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.

Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

Unemployment rate falls, workers' incomes increase

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

The most expensive birds in Vietnam

Red-whiskered bulbs (Pycnonotus jocosus) with original colors are priced at VND500 million and tiny chickens with original colors sell for thousands of USD.

Drinks from dracontomelon: A popular heat-relieving drink in Hanoi

Sweet drinks made from ‘sau’, a fruit which is known scientifically as Dracontomelon, are a popular heat-relieving drink in Hanoi during the hot summer.

1,000 authors with doctoral degree or higher compiled textbooks for new academic year

As many as 1,574 authorities participated in compiling textbooks for six grades in accordance with the new general education program issued in 2018.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.

Law on Pharmacy needs to be amended

The lack of medicine at public hospitals has caused concern among the public. The Prime Minister has instructed the Ministry of Finance (MOF) and relevant ministries to find solutions to resolve the problem.

FIEs seek streamlined workforce policy

The human resources of Vietnam are improving to meet the demand of foreign-invested enterprises. However, they may require stronger policies on visas to enhance performance and transfer high technologies to Vietnam

US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Entrepreneurs blaze a trail in the city

Die-hard entrepreneurs are re-inventing themselves to solve business problems and find their niches in Ho Chi Minh City.

VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.

Vietnam issues new regulations on storing data in cyberspace businesses

The data must be stored for at least 24 months, and system logs for criminal investigation purposes must be stored for at least 12 months.

12 sailors dead from suspected food poisoning on Chinese vessel, nine more hospitalised

Nine more critical ill sailors were saved after being taken to hospital in the southern province of Ba Ria-Vung Tau.
back_to_top