"Vietnam has brought the pandemic under control and resumed tourism and aviation activities. The first group of foreign travelers returning to Vietnam after the country reopened its borders from March 15 was from the U.S.," Chinh told a conference on trade, investment and tourism promotion between Vietnam and the U.S. in San Francisco on May 17. Before the pandemic, the U.S. was among the 10 largest source markets of Vietnam's tourism. In 2019, there were over 746,000 American tourists visiting Vietnam and the average growth rate during the 2014-2019 period was 11 percent. A Vietnam Airlines spokesman told the conference the national flag carrier now operates four weekly flights between San Francisco and Ho Chi Minh City, using Airbus A350 and Boeing 787 craft and it plans to operate daily flights between both cities from next year. A representative of hospitality group Thien Minh said the company is ready to operate luxury tours to the U.S. for Vietnamese travelers from this … [Read more...] about PM calls for American investors to boost tourism cooperation with Vietnam
Airlines travel restrictions
The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses.— Photo courtesy of Emirates The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses. dnata returned to profitability, and significant revenue improvements were reported across Emirates and dnata as the group rebuilt its air transport and travel-related operations, which were previously cut back or curtailed by the pandemic. For the financial year ended 31 March 2022, the Emirates Group posted a loss of AED 3.8 billion (US$ 1.0 billion) compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86 per cent over last year’s results. The group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30 per cent from last year, mainly due to strong demand across its core business divisions and markets, triggered by the easing … [Read more...] about Emirates Group reports strong recovery in 2021-22
Patrick Lenain-Former assistant director Organisation for Economic Co-operation and Development Pressures on global supply chains are also a key headwind in the recovery. Supply chain disruptions are not new: health precautions imposed over the last two years have already caused major bottlenecks. Major shipping hubs such as Los Angeles and Shanghai have operated with reduced capacity, with long waiting times to get shipments processed across the borders. With the pandemic fading away, congestion in international supply chains has eased a bit since December 2021. In the United States, government agencies have worked with shippers, retailers, and port authorities to speed up the movement of goods. For instance, ships waiting to unload containers in US ports have declined by 35 per cent, thanks to 24/7 operations and large recruitment of workers. However, the lack of US truck drivers has emerged as a new problem. Action was taken to hire 30,000 additional truck drivers, … [Read more...] about Will international stress disrupt Vietnam’s economic recovery?