The average export price of Vietnamese coffee in the demanding market in the reviewed period stood at US$2,638 per tonne, up 18.3% on-year.
July alone saw the country export 194 tonnes of coffee worth US$583.71 million to this market, representing a rise of 73.2% in volume and 108.2% in value compared to July, 2022 with the average export price reaching US$3,009 per tonne, up 20.2% on-year.
Most notably, the country’s major export coffee products to the market included Robusta and processed coffee, representing respective increases of 186.1% and 58.5%, on-year.
In contrast, the nation moved to reduce exports of Arabica coffee to the New Zealand market, duly representing a fall of 17.2% on-year.
According to details given by the the International Trade Centre, Brazil made up the largest supplier of coffee to New Zealand in the first half of the year with 1,720 tonnes worth US$8.19 million, representing a decline of 20% in volume and 27.7% in value on-year.
However, Brazil's market share as part of New Zealand's total imports fell from 24.73% in the first six months of 2022 to 21.49% in the first half of this year.
This came amid New Zealand increasing coffee imports from the Vietnamese market, up 23.4% in volume and 19% in value over the same period from last year, with approximately 1,140 tonnes, worth US$2.54 million
Vietnam's coffee market share as part of New Zealand's total imports increased from 10.58% during six-month period of last year to 14.19% in the first half of this year.
Khanh Hoa serves over 19.4 mln visitors in eight months, exceeds yearly targets
The south-central coastal province of Khanh Hoa has served over 19.4 million visitors so far this year, earning more than 23.9 trillion VND (1 billion USD), up over 152% year on year, the Vietnam News Agency quoted the figures of the provincial Tourism Department.
Among the arrivals, 5 million stayed overnight, more than doubling that the same period last year, while 1.2 million were foreigners, marking a 10.7-fold increase.
The province has also welcomed 11 cruise ships, with over 13,600 passengers disembarking for sightseeing.
In August, the VnExpress Marathon Marvelous Nha Trang 2023 and cultural events drew around 3.8 million visitors, of them 1 million served by lodging facilities.
Many famtrips to Nha Trang-Khanh Hoa were also held by travel companies from Indonesia, India, and other countries, raising expectation to tap into the potential international tourism market in the near future.
Director of the provincial tourism department Nguyen Thi Le Thanh said it has advised the provincial People's Committee to hold a design competition for Nha Trang - Khanh Hoa tourism souvenirs. It also proposed a draft communication plan to popularise the image of Khanh Hoa abroad using new methods for the 2023-2025 period.
The second Nha Trang Sea Festival 2024 and the Nha Trang - Khanh Hoa International Light Festival 2024 were also planned, she said.
This year, Khanh Hoa targeted hosting roughly 4 million tourists, including some 2.5 million domestic visitors, and earned 21 trillion VND in revenue. However, as of the late August, it already achieved and exceeded the set targets.
Hoi An among international destinations for luxury air travel
Luxury air travel, also called air cruises, are among the emerging trends in the travel industry in the post-COVID era, with Hoi An Ancient City listed among the top Asian destinations attracting rich tourists, including the world's super-rich, said Radio the Voice of Vietnam.
According to British newspaper the Daily Mail, the tour in September and October next year will see travelers fly from Seattle to Kyoto, then Hoi An, the Maldives, Serengeti, Marrakech, Budapest, Florence, and Paris.
The firm uses a custom-fitted Airbus A321LRneo operated by Titan Airways, which has only 48 handcrafted seats that all offer 6.5ft, two metres, of personal space and extend to lie fully flat, along with a plush ottoman, the article wrote.
The British newspaper shared that high-end trips on so called air cruises taking small groups around the world in private jets have been growing in popularity following the pandemic and are now offered by several operators.
Some businesses run trips where guests can organise the itinerary in partnership with the firm, such as a 15-day whisky tour by private jet offered by Pelorus, for which prices start at £1.2million for six people, equating to £200,000 each. The tour visits Japan, the United States, Scotland, and Ireland, whilst allowing guests to sample some of the world's rarest types of whiskey.
Among the trips found by MailOnline was a 23-day tour run by Four Seasons visiting Asia, Africa, and Europe for £155,000 per person based on double occupancy.
Daily Mail also recommended other options, including a 17-day tour of South America with TCS World Travel on an Airbus A321 for £90,000 per person, a 26-day tour operated by Abercrombie and Kent which visits Fiji, Tasmania, Indonesia, Sri Lanka, and Mauritius, Zambia and Brazil can be visited for £131,000 per person, and a 25-day round-the-world option on an Airbus A321 visiting South America, Oceania, Asia, and Africa costs £98,000 per person.
Nicky Kelvin, editor at The Points Guy, told MailOnline, “Travelling in excess is a trend which is definitely on the rise, as those looking for a holiday now want to enjoy themselves to the max, and believe that after a difficult few years, they deserve to splash out.”
Vietnam remains good destination for investors: Savills
Amid remarkable changes occurring in the global investment trend across many important real estate segments, the nation remains one of the destinations capturing great interest from investors thanks to its positive recovery capacity and the flexibility of the country’s economy, Radio the Voice of Vietnam quoted a recent report by Savills Vietnam.
Savills highlighted several large-scale merger and acquisition (M&A) deals taking place in the nation in the second quarter of the year, including Everland Opportunity IX’s purchasing of three hotels in Vietnam and Indonesia from Strategy Hospitality Holdings Ltd. with US$106 million.
Meanwhile, Keppel and Keppel Vietnam Fund acquired a 49% stake in two residential projects in Thu Duc city in Ho Chi Minh City, with the site consisting of an area of 11.8 hectares from Khang Dien Group with US$136 million. THT Development Co. Ltd. also transferred 1.13 hectares of land in Starlake City in Hanoi to CMC Technology Group to build an innovation centre with an investment of US$76 million.
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| Vietnam remains good destination for investors - Photo for illustration (Source: vneconomy.vn) |
Troy Griffiths, deputy managing director of Savills Vietnam, stated that despite short-term pressures on inflation, as well as a decline in production and export, the country’s medium-term outlook remains positive. The reduction in interest rates prescribed by the State Bank of Vietnam (SBV) has contributed to stimulating economic growth by reducing the cost of capital for borrowers and credit institutions.
FDI inflows into the nation are showing many promising opportunities. Although the total FDI has decreased, newly-registered projects and capital has increased sharply, especially in the manufacturing sector. Improvements in terms of infrastructure development, administrative reform, and investment in innovation hubs throughout the country are also contributing to making the market more attractive to international investors, said Griffiths.
The SBV has therefore lowered interest rates in support of growth, whilst FDI inflows remain sound. New regulations supporting debt restructuring will be a positive factor for real estate and will serve to boost transparency, which is positive for sustainable growth in the long term, he added.
Thomas Rooney, senior manager of Industrial Services at Savills Hanoi, said that the Purchasing Managers' Index (PMI) and the Index of Industrial Production in the country both had positive increases in the first months of the year. The market continues to record large investment deals and business activities are currently bustling. However, the present global economic situation has led to a decline in aggregate demand, with Rooney noting that the State needs to solve the problem in a timely manner and in combination with preventive measures to promote economic development.
The official stated that until the end of the year, transactions will continue to take place and the supply still be abundant. As for the supply of ready-built factories, the attraction of localities such as Hai Phong will increase in the eyes of investors as well as tenants.
Furthermore, Bac Ninh represents an ideal choice for domestic and foreign tenants, as well as investors in developing ready-built warehouses, as the province has risen to the third place in terms FDI attraction, he noted.
In general, the shift to the global supply chain has created plenty of new opportunities and also brought about certain challenges. Therefore, the Vietnamese market must grasp trends and access opportunities fully and quickly to allow it to make the best use of it and create a breakthrough, according to Savills./.