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| Tourists visiting Ha Long Bay (Photo: VNA) |
The administration reported that Vietnam welcomed 20,681 Indian visitors in October and 82,066 in the first 10 months of 2022. Since July, the number of Indian tourists to Vietnam each month surpasses the figures recorded in 2019.
Notably, searches for Vietnamese destinations from the Indian market are rising quickly, with the volume in October increasing three folds compared to that in July and doubling that in August. The most searched destinations include Hanoi, Ho Chi Minh City, Phu Quoc, Da Nang, and Quy Nhon.
The agency attributed the rise to the results of tourism promotion activities in the Indian market, along with the launching of many direct air routes linking the two countries.
In October, the number of foreign tourists rose 12.1% over the previous month. Tourism revenue in the January-October period reached 425 trillion VND (17.08 billion USD), equivalent to 74% of that in the same period of 2019. In the period, the Republic of Korea topped the number of tourists to Vietnam with 26.3% of the total arrivals.
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| Vietnam enjoys strong rise in Indian tourist number (Photo: VNA) |
Data from the travel tracking tool Google Destination Insights showed that the number of international searches for tourist accommodations in Vietnam in October continued to increase about 20% compared to September 2022 and 11 times over March.
The top 10 countries with highest searches for Vietnam tourism are the US, Australia, Singapore, India, the Republic of Korea, Japan, the UK, Malaysia, Thailand and Germany, while the top 10 most searched destinations in Vietnam include Ho Chi Minh City, Hanoi, and Da Nang.
In October, the administration issued licences to 70 travel firms to operate international tours, raising their number so far this year to 2,816.
At the same time, the global ranking of VNAT’s website vietnam.travel was advanced to the 166,985th position from 458,550th position in 2021.
First luxury aircraft exhibition to be held in Vietnam
The first ever luxury aircraft exhibition (Airshow 2022) is scheduled to be held at Van Don International Airport in the northern province of Quang Ninh on November 5 – 6, reported VOV News.
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| Photo for illustration. (Source: VOV) |
The event is being co-organised by Gulfstream, the world's most luxurious airline, and Sun Air by real estate and entertainment firm Sun Group.
The airshow is to bring together the world's fastest, safest, and most comfortable aircraft from luxury carrier Gulfstream, marking an important milestone in the development of the premium aviation segment, as well as international trade and luxury tourism in Vietnam.
The exhibition will give visitors the chance to witness two of Gulfstream’s legendary aircraft - the G600 and G650ER - both of which have won several awards in the aviation field, and the debut of the Gulfstream G700 jetliner in Vietnam.
Wayne Oedewalt, vice president of Gulfstream’s Asia Pacific, said Vietnam has been emerging strongly and has fully demonstrated its potential for continuous growth in the aviation industry.
He went on to express his pride at accompanying Sun Air in its journey of providing the best experience for passengers in the Vietnamese market, noting that these are the reasons for the group’s selection of Vietnam as the first destination in a series of activities which will introduce the G700 to the Asian market.
Reiner Suess, operations director of Sun Air, emphasised that Gulfstream's selection of Van Don as the destination to hold its own aircraft exhibition highlights that Vietnam represents a potential market for the high-end aviation industry.
The air show not only shows the increasing demand for high-class flight services, but also affirms the country’s position as part of the international arena, he added.
Most notably, the event is anticipated to create favourable conditions to promote international trade exchanges, thereby attracting greater foreign investment and more businesses to the nation, he noted.
The event also affirms that Vietnam has become a new luxury destination in the global market, and it serves as a bridge to elevate the nation’s image to the wider world, said Dang Minh Truong, chairman of the Board of Directors of Sun Group.
Philippines remains biggest importer of Vietnamese rice
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| Illustrative image (Photo: VNA) |
The Philippines is the top importer of Vietnamese rice during January – September this year, accounting for 43.9% of the country’s total export of the grain, Vietnam News Agency quoted statistics of the Ministry of Agriculture and Rural Development (MARD).
The ministry reported that Vietnam exported 2.47 million tonnes of the food worth 1.14 billion USD to the market in the period, up 35.3% in volume and 22.2% in value compared to the same period last year.
The market that recorded the strongest growth in export value was Ivory Coast with over 71%. Meanwhile, shipments to Ghana witnessed the sharpest fall, nearly 33%.
Vietnam raked in 2.94 billion USD from exporting 6.07 million tonnes of rice in January – October, representing year-on-year rises of 7.4% in value and 17.2% in volume, the ministry said.
The average export price of Vietnamese rice in the first 10 months reached an estimated 484 USD/tonne, 8.3% lower than that of the same period last year.
In October alone, Vietnam shipped 700,000 tonnes of the grain worth 334 million USD abroad. Export prices stood at 425 - 430 USD per tonnes, the highest since November 2021.
Foreign expert highlights Vietnam's effective inflation control
American economist Prof. Dr. Andreas Hauskrecht recently highlighted the State Bank of Vietnam (SBV)’s decision to contain inflation in the country, reported VOV News.
According to details given by the expert, SBV and Vietnamese management agencies have competently responded to the adverse impacts of COVID-19 pandemic, therey contributing to keeping rising inflation in check.
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| Foreign experts shared opinions at an international conference. (Photo: VOV) |
He made this assessment at an international conference recently held for young researchers in economics and business.
In Vietnam, the SBV recently moved to increase the operating interest rate by an additional 1%. This took effect as of October 25 as part of efforts to curb inflation, stabilise the macro-economy, and ensure the safety of the banking system as a whole.
Prof. Dr. Hauskrecht of the Kelley School of Business at the Indiana University in the United States emphasized that the country has done a competent job in handling inflation, highlighting the SBV’s recent decisions. He noted that inflation, especially core inflation in Vietnam, remains both low and stable.
He went on to assess that the country still has room to introduce additional economic stimulus measures until the US Federal Reserve (FED) begins to change monetary policy and reduce interest rates.
He therefore recommended that the nation keep interest rates stable whilst maintaining fiscal and monetary policies in a reasonable and prudent manner in the immediate future.
According to information given by the General Statistics Office, the nation was part of a group of the countries with a low inflation rate of 2.73% during the initial nine months of the year.
Meanwhile, the inflation rate in European countries, the US, and some Asian countries such as Thailand and Indonesia have increased sharply, with the figure in the US reaching 8.3% during the reviewed period.
International organisations have recently expressed their optimism for Vietnamese economic prospects moving forward.
According to the World Bank (WB)'s forecast last month, the Vietnamese economy will grow by 7.2% this year, the highest figure throughout East Asia./.