Contrary to real estate investors and businesses’ expectations, one year after the Formula 1 race track kicked off, the real estate market in Hanoi remains at a standstill.
Vietnamese will be the first to travel after the pandemic ends, and if there are attractive demand stimulus programs, the market will need only several months to recover, experts say.
Vietnam is forecast to witness a 80-pecent drop in the number of foreign tourists visiting the country in 2020 if the COVID-19 pandemic is not controlled by the end of the year, according to the Vietnam National Administration of Tourism (VNAT).
Only 31 out of 470 foreign visitors currently staying in HCMC wish to return to their home countries, while most of the remainder want to remain in the city even though the social distancing order is still in place.
Since mid-March, officers of travel firms say that 99 percent of visitors to their offices have come to cancel tours.
The Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications asked network operators to ensure the quality of telecommunications services.
The plan to advertise Vietnam’s tourism with the F1 race as the focus has failed as the organisers have decided to postpone the event amid the coronavirus outbreak.
Despite the Covid-19 epidemic, the numbers of travelers from Europe and Africa increased in the first two months of the year.
The number of Chinese travelers to Vietnam has dropped to zero because of the measures on traffic restrictions in the Covid-19 epidemic. The loss of South Korean travelers is also visible.
Most businesses are not setting high business targets this year because of uncertainties and the unpredictable Covid-2019 epidemic.
Vietnam has lost many Chinese travelers because of the Covid-19 epidemic, but the number of European travelers has remained stable.
The number of foreign investors may decrease by 3.7-4.7 million, and the number of domestic travelers by 10.9-15.3 million.
The coronavirus outbreak has dealt a strong blow on the tourism industry. Thousands of tour guides in HCM City are sitting idle as domestic and international travelers have canceled tours.
Accommodation service providers have been asked to continue to serve foreign tourists who are unable to return to their countries due to the Vietnamese civil aviation authority’s ban on flights between Vietnam and China.
Situated in the central coastal city of Da Nang, the Management Board of the Ngu Hanh Son Tourist Area have stated that they received roughly 40,000 tourists during the first days of Lunar New Year, known locally as Tet.
Mui Ne beach in the south central province of Binh Thuan is set to become one of the most-visited destinations in the Asia-Pacific by 2030
Themed "Nha Trang-Colors of the Sea", the 2019 National Tourism Year ended successfully. Festival activities boosted the province’s tourism development and introduced Vietnam’s sea tourism to domestic and international tourists.
As part of plans to catch up with developed economies, Vietnam is looking to embrace the Fourth Industrial Revolution (FIR), with 5G coverage one of the key steps.
The tourism sector has set the goal of attracting 20.5 million international visitors in 2020 and serving 90 million domestic travellers.