“Safe haven tourism” is one way for Việt Nam to maximise tourism revenues while minimising risks posed by COVID-19 pandemic, according to investment fund VinaCapital.
The COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Việt Nam.
The Ministry of Culture, Sports and Tourism has announced plans to quickly restart the tourism market as soon as the novel coronavirus (COVID-19) pandemic ends.
Latest reports from investment funds in February show they have suffered from the decline of the market amid the global spread of coronavirus, or COVID-19.
The Việt Nam Tourism Advisory Board (TAB) has proposed to half value added tax for the tourism sector from 10 per cent to 5 per cent to help businesses deal with the coronavirus outbreak.
Prime Minister Nguyễn Xuân Phúc has requested sectors and businesses to make sure production activities continue as normal, despite the outbreak of SARS-CoV-2.
However, everything has a price, and the price for such great travel deals is the outbreak of the novel coronavirus, or COVID-19, which has claimed more than 2,000 lives worldwide.