Vietnamese people were increasingly willing to take a vacation after covering the expenses on basic necessities last year, according to a consumer confidence survey by Nielsen, a global market information company. The research revealed that during the third quarter of 2017, on condition that the payment of essential living costs had been made, more than two out of five people (or 44 percent) in Vietnam showed an inclination to spend their earnings on vacations. Compared to the preceding quarter, the spending represented a six-percent increase. The category of travel did not appear in Vietnamese consumers’ saving strategies, which included reducing the money on out-of-home entertainment, new clothes, utilities, take-away meals, and technological device upgrading. The absence is noteworthy, as the trend for Vietnamese people to make savings for the future was onward, with 63 percent and 66 percent of the consumers surveyed doing this last year during the second and third quarter. The spare cash was also intended for various purposes such as household improvement, new clothes, and new technological products. In addition, about 28 percent of the respondents chose to use the money for insurance premiums. This pattern suggests that the Vietnamese desire an improvement of quality of life, and they have actually established a solid foundation for its realization in recent times, said Nguyen Huong Quynh, managing director of the Nielsen business in Vietnam. No official figures on the vacation activity by Vietnamese people have been published yet, but increased income and the popularity of social media may… [Read full story]
VietNamNet Bridge - The lucrative tourism market is being exploited massively by domestic and foreign travellers through internet-based tools. Air New Zealand, for example, is providing direct flights from HCMC to Auckland on Dreamliner Boeing 787-9 aircraft with two flights a week. The flights also provide special business class tickets with luxury services for VIP passengers on flights lasting more than 10 hours. Air Asia some days ago unexpectedly announced it would provide Nha Trang– Kuala Lumpur flights daily, commencing from September. The managers of the low-cost carrier are optimistic about the potential of the air route. The new air…... [read more]
Dao and her husband recently returned to Hanoi from Cambodia. “The way they (Cambodia) promote tourism is really professional, though the infrastructure and utilities are worse than Vietnam,” she said. “There are so many Vietnamese travelers in Cambodia. You can meet them everywhere.” Dao enjoyed the trip because she could make friends with other middle-aged women, who also love traveling. Soon after finishing the trip to Cambodia, they began thinking about the destination for next month. “We don’t like traveling domestically. The scenes in Vietnam are very beautiful, but the services are bad,” Dao said. Vietnam has seen the trend…... [read more]
Vietnamese spend more time on Internet Vu Yen HCMC – Vietnamese spent an average of 24.7 hours a week on the Internet, up nine hours from 2014, according to a 2015 cross-platform insights report released by Nielsen. The report said Vietnamese aged 21-29 spent more time online than other groups, up to 27.2 hours per week, the fastest growth compared to other groups. Meanwhile, the group of people who are aged 40 and older used around 22.6 hours per week. Nine out of ten or 91% of consumers in Vietnam owned smartphones, compared to 82% in 2014. Besides, pay and…... [read more]
Vietnamese spend at least US$1-1.5 billion per year to have their children educated abroad, said a representative of the Ministry of Finance, news website VnEconomy reported January 1. Nguyen Truong Giang, deputy head of the Ministry's department of financial administration and career, said the minimum cost for a student who studies abroad is around $10,000-$15,000 a year. Statistics of the Ministry of Education and Training showed that 98,536 Vietnamese studied aboard during the 2010-2011 academic year. This figure rose by 7 percent to 106,104 students for 2011-2012, said Giang. If the education quality of Vietnam is of the same quality…... [read more]
The $1.5 billion Vietnamese spend every year on overseas study, in the eyes of analysts, is a reflection on the poor education at local schools. In 2013, the amount of money Vietnamese parents spent to fund their children’s studies overseas for the first time exceeded $1 billion. The figure rose to $1.5 billion in 2014. The Ministry of Finance confirmed that roughly $1 billion is remitted abroad every year by Vietnamese to fund their children’s education. The number of Vietnamese students studying abroad in the last five years soared by 675 percent. Bellerbys College belonging to Study Group in the…... [read more]
