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Subscription Plans

Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Saturday, April 5, 2025

PM calls for launch of tourism development fund

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HCMC – To fuel the recovery of tourism in Vietnam, Prime Minister Nguyen Xuan Phuc has urged the ministries of finance and tourism to put in place a tourism development fund to help businesses affected by the coronavirus pandemic resume normal operations.

The fund, which was approved at the end of last year, will operate as a single-member limited liability company, with the State fully owning its charter capital and the Ministry of Culture, Sports and Tourism serving as its owner representative.

The fund’s charter capital of VND300 billion will be funded by the State budget in the first three years after its launch.

The State budget will also grant an annual sum to cover the fund’s operational costs. This amount will be sourced from the total annual budget collection from visa and immigration services for foreigners by 10% and from tourism entrance fees by 5%.

The fund will be tapped for organizing tourism promotion activities and events, in addition to supporting market research activities and developing travel products.

Tourism businesses stressed that the fund will enable them to attract more foreign tourists to Vietnam through the roll-out of post-Covid-19 tourism promotion campaigns.

A travel firm director noted that the business community is looking forward to the launch of the fund, which would be a lifesaver for many travel firms and localities, and hoped the money would be used efficiently and transparently.

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