Vietnam’s tourism industry faces a challenge in choosing between catering to guests who prefer luxury services or accommodating mass tourism with more budget-conscious visitors The global economic slowdown, coupled with U.S. President Donald Trump’s tariff policy, is expected to have tremendous impact on global tourism this year. Despite over six million international tourists coming to Vietnam in the first quarter, the sector is facing a tough challenge in reaching its target of 22-23 million foreign visitors in all of 2025. Identifying the right market segments and strategically optimizing visitor spending are becoming increasingly crucial. The story of Monaco Monaco, a small country by the Mediterranean Sea, has a population of over 38,000 and a land area of a little over two square kilometers, making it the world’s second smallest nation after the Vatican. Despite its size, Monaco is incredibly wealthy, with one millionaire for every three residents. A dream destination for luxury travelers, the kingdom is renowned for its opulence, featuring iconic attractions like Monte Carlo’s bustling entertainment scene, lavish hotels, and streets lined with luxury cars. Affluent visitors flock to Monaco to indulge in high-end experiences, shop for exclusive brands, and admire its timeless, romantic beauty. Monaco welcomed over […]
Vietnam’s tourism industry faces a challenge in choosing between catering to guests who prefer luxury services or accommodating mass tourism with more budget-conscious visitors The global economic slowdown, coupled with U.S. President Donald Trump’s tariff policy, is expected to have tremendous impact on global tourism this year. Despite over six million international tourists coming to Vietnam in the first quarter, the sector is facing a tough challenge in reaching its target of 22-23 million foreign visitors in all of 2025. Identifying the right market segments and strategically optimizing visitor spending are becoming increasingly crucial. The story of Monaco Monaco, a small country by the Mediterranean Sea, has a population of over 38,000 and a land area of a little over two square kilometers, making it the world’s second smallest nation after the Vatican. Despite its size, Monaco is incredibly wealthy, with one millionaire for every three residents. A dream destination for luxury travelers, the kingdom is renowned for its opulence, featuring iconic attractions like Monte Carlo’s bustling entertainment scene, lavish hotels, and streets lined with luxury cars. Affluent visitors flock to Monaco to indulge in high-end experiences, shop for exclusive brands, and admire its timeless, romantic beauty. Monaco welcomed over […]
Vietnam’s tourism industry faces a challenge in choosing between catering to guests who prefer luxury services or accommodating mass tourism with more budget-conscious visitors The global economic slowdown, coupled with U.S. President Donald Trump’s tariff policy, is expected to have tremendous impact on global tourism this year. Despite over six million international tourists coming to Vietnam in the first quarter, the sector is facing a tough challenge in reaching its target of 22-23 million foreign visitors in all of 2025. Identifying the right market segments and strategically optimizing visitor spending are becoming increasingly crucial. The story of Monaco Monaco, a small country by the Mediterranean Sea, has a population of over 38,000 and a land area of a little over two square kilometers, making it the world’s second smallest nation after the Vatican. Despite its size, Monaco is incredibly wealthy, with one millionaire for every three residents. A dream destination for luxury travelers, the kingdom is renowned for its opulence, featuring iconic attractions like Monte Carlo’s bustling entertainment scene, lavish hotels, and streets lined with luxury cars. Affluent visitors flock to Monaco to indulge in high-end experiences, shop for exclusive brands, and admire its timeless, romantic beauty. Monaco welcomed over […]
HCMC - Minister of Industry and Trade Nguyen Hong Dien called for deeper Vietnam-U.S. cooperation under the comprehensive strategic partnership between the two nations,...
This year’s economic growth is under threat from rising tariff barriers, which are expected to significantly hinder credit expansion within the banking sector. In...
HCMC - Prime Minister Pham Minh Chinh has instructed ministries and agencies to proactively engage with the U.S. on tariff negotiations.
On April 29, Prime...
A flexible approach to investment and operations has proven essential for many Vietnamese exporters in navigating the risks associated with the shifting U.S. tariff...
Within less than ten days of the United States announcing reciprocal tariffs earlier this month, prices of agricultural products on commodity futures exchanges fluctuated...
Tariffs have taken center stage in global financial market discussions since early April. Unpredictable policy moves by U.S. President Donald Trump have roiled stock...