Vietnamese rank second in art performance attendance habit: Visa report
Vietnam ranked second in Asia-Pacific in the rate of consumers’ frequency of art performance attendance inside and outside the country in the January-December period at 41%, only after India at 45%, according to the latest Green Shoots Radar report released by Visa, the world's leading electronic payment firm.
The crowd at the show of the Republic of Korea's girl group Blackpink in Hanoi in late July. (Photo: VNA)
Hanoi (VNA)🌟 – Vietnam ranked second inAsia-Pacific in the rate of consumers’ frequency of art performance attendance inside and outside the country in the January-December period at 41%, onlyafter India at 45%, according to the latest Green Shoots Radar report releasedby Visa, the world's leading electronic payment firm.
According to the report, 40% of Vietnamese travelled abroad to enjoy performances, especially to Thailand and the Republic of Korea.
Dang Tuyet Dung, Visa Country Manager for Vietnam and Laossaid that the return of tourism and live music performances signals anextremely positive trend. During cross-border travel, card payment plays a keyrole in providing a safe and secure ticket purchasing experience throughcontactless payment, she said, adding that consumers can also pay for event items, prepare travel plans and shop seamlessly using a bank card.
The report also predicted three major tourism trends in2024, with continuous increase in domestic and international travel demand toattend live music performances.
The second trend is that Vietnamese consumers will still maintainpositive attitude. According to the report, four out of 10 consumers in Asia-Pacific saidthey believe that the domestic economic situation will improve in the comingyear. In Vietnam, 75% of consumers continued to show optimism about thedomestic economic outlook, much higher than that of Indonesia at 64% and thePhilippines at 50%. As a result, 16% of surveyed Vietnamese consumers said they plan tobuy new cars, while 55% shared their intention to spend more in 2024, higherthan the region’s average at 50%.
At the same time, consumers are predicted to increase personal savings. Despitetheir intention to spend more, the majority of consumers said that they plan toset aside a larger budget for savings purposes. In Vietnam, 43% of surveyedconsumers said that they hope to make more personal savings which account for10-29% of their income, it said, adding that the rate is higher than the region’saverage at 36%./.
Vietnam’s new e-visa policy, which took effect from August 15, has facilitated group and MICE (meetings, incentives, conferences, and events) tours, insiders have said.
Foreign tourists visiting Vietnam will be subject to a new visa policy beginning on August 15, 2023, with notable changes including the issuance of 90-day e-visas and an increase in the temporary stay period for people entering the country under unilateral visa exemption to 45 days.
Ho Chi Minh City has set a target of welcoming 6 million foreign visitors who will spend around 190 trillion VND (7.8 billion USD) next year, according to the municipal Department of Tourism.
The lists of top 10 reputable tourism companies and top five reputable hotels and resorts in Vietnam were unveiled by Vietnam Report JSC on December 14.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
The crowd at the show of the Republic of Korea's girl group Blackpink in Hanoi in late July. (Photo: VNA)
