Latest blog articles
Vietnam to rank 2nd in travel growth
Vietnam is expected to enjoy a compound annual growth rate of 9.5% between 2016 and 2021 for outbound travel among Asia Pacific s emerging markets, according to the “Future of Outbound Travel in Asia Pacific 2016 to 2021” report by MasterCard.
In 2021, around 7.5 million Vietnamese will travel abroad, compared to 4.8 million in 2016, said the report.
Myanmar is expected to take the top position with a 10.6% growth per year over the next five years. The rate is 8.6 per cent for Indonesia, 8.5% for China and 8.2 for India.
Meanwhile, growth will be 6.1% for Sri Lanka, 4.8% for Thailand, 4.4% for the Philippines and 3.8% for Korea. Australia, Singapore and Malaysia are expected to each have 3.5% growth.
Eric Schneider, senior vice president for Asia Pacific at Mastercard Advisors, said: “The burgeoning middle class is driving the growth of outbound travel in Asia Pacific, along with other trends such as the emergence of the Asian millennial traveler and on the other end of the spectrum the senior traveller, as well as new technology and infrastructure developments.
Asia Pacific travelers will continue to fuel global tourism growth in years to come, providing vast opportunities for businesses to benefit through the development of products and solutions that seek to improve their overall travel experiences.”
According to the study, outbound travel is forecast to grow faster than real GDP. Outbound travel growth tends to be higher than real GDP growth for emerging markets compared to developed markets (except for Japan) where outbound travel growth is much closer to their forecasted real GDP growth.
In emerging markets outbound travel is expected to grow faster than real GDP, including Myanmar (10.6% vs. 7.7%), Vietnam (9.5% vs. 6.2%), Indonesia (8.6% vs. 5.7%), Thailand (4.8% vs. 3.1%) and China (8.5% vs. 6%).
The report updates Asia Pacific’s regional outlook of outbound travel from 2016 to 2021 at various household income ranges, combined with a five-year forecast of household growth.
The data is taken from the 2011 to 2016 editions of the Mastercard Survey on Consumer Purchasing Priorities – Travel.
Data for outbound travel from 2013 to 2015 was taken from the national statistics boards of markets, and for 2015 and 2016, were calculated using estimates from the 2016 edition of the Mastercard Asia Pacific Destinations Index.
Bored with tourist spots in Vietnam? Get tooled up at British-run weapons museum
Thousands of guns made hundreds of years are on display in Vietnam’s largest private museum. Located at 98 Tran Hung Dao Street in the coastal resort town of Vung Tau, around 120 kilometers (75 miles) to the northeast of Ho Chi Minh City, the museum was opened four months ago by a 70-year-old British man named Robert Taylor. The museum has three sections with 2,500 artifacts including guns, swords, crossbows and military uniforms. Around 1,500 artifacts are handguns and rifles made… chat_bubble_outline Read More...
Binh Phuoc attracts over US$25 million in foreign investment
Of which, the Republic of Korea has six projects with a combined capital of US$10.36 million, followed by China with four projects and a total investment of US$6.65 million and the United Kingdom with one project worth US$6.66 million. As of now, the province has 149 FDI projects still in validity with a combined investment capital of US$1.12 billion, 114 of which with a total capital of US$906 million are in industrial parks and 35 projects worth a total of US$212 million are outside… chat_bubble_outline Read More...
How a Syrian refugee lost his case against Facebook and fake news
In a legal battle against Facebook brought by a Syrian refugee, the social media giant has been named the victor. A German court ruled on Tuesday to dismiss a case brought against Facebook by 19-year-old Anas Modamani, who wanted the company to identify and delete posts falsely linking him to high-profile crimes committed by migrants. In 2015, Mr. Modamani was one of several asylum-seekers to take a selfie with German Chancellor Angela Merkel. Later, his selfie began to appear in two types of… chat_bubble_outline Read More...
HCMC saves thousands by e-governing
The city plans to stop using print documents soon to reduce red tape trouble. Photo by VnExpress /Ta Lam Ho Chi Minh City's various government departments once sent paper notifications that took up to two weeks to arrive. A recent switch to emails and text messages saved the city $8,000 in two months. On Wednesday, city spokesman Vo Sy said that HCMC stopped printing interdepartmental appointment notifications in the middle of July. In the past two months, Sy claimed the city saved VND183.5… chat_bubble_outline Read More...
Google's Chrome OS now sports Material Design and a new 'hybrid' layout
Chromebook users are in for a surprise: Chrome 50 is bringing material design to Chrome OS, too. On his blog, Senior Designer at Google Sebastien Gabriel notes there will also be two implementations of Chrome OS. One will be designed for those using mice, while touch-enabled Chromebooks will have a “hybrid” layout employing more space between buttons and icons. Material Design for Chrome OS is a lot like you’ll find for Android, and that’s probably the point. As we’ve detailed before,… chat_bubble_outline Read More...