...protecting heritage and cultural values. To fully understand its impact, however, governments, policy makers and businesses around the world require accurate and reliable data on the impact of the sector. Data is needed to help assess policies that govern future industry development and to provide knowledge to help guide successful and sustainable Travel & Tourism investment decisions. For 25 years, WTTC has been quantifying the economic impact of Travel & Tourism. This year, the 2015 Annual Economic Reports cover 184 countries and 25 regions of the world, including, for the first time, the Pacific Alliance. Travel & Tourism generated US$7.6 trillion (10% of global GDP) and 277 million jobs (1 in 11 jobs) for the global economy in 2014. Recent years have seen Travel & Tourism growing at a faster rate than both the wider economy and other significant sectors such as automotive, financial services and health care. Last year was no exception. International tourist arrivals also surged, reaching nearly 1.14billion and visitor spending more than matched that growth. Visitors from emerging economies now...
Words: 8900 - Pages: 36
...The tourism industry in Vietnam ------------------------------------------------- Group 1 Nguyễn Trọng Nhật Nguyễn Đức Huy Lê Ngọc Dũng Vũ Phương Thảo Phạm Việt Anh Lê Đắc Linh ------------------------------------------------- Contents I. Introduction II. Using PESTEL to analyze opportunities and threats of Vietnam tourism industry 1. PESTEL: a. Political b. Economical c. Social d. Technological e. Environmental f. Legal 2. Opportunities and threats of Vietnamese tourism industry: a. Opportunities b. Threats III. Competitors: IV. Tourism is a high competitive industry: a. Some information about Hanoitourist Company b. The Competition V. Keys findings from the questionnaire: VI. Recommendation: 1. Product (Design a Tour) 2. Price 3. Place 4. Promotion 5. People (Human resources) VII. Conclusion: I. Introduction The tourism industry is a highly competitive industry. It requires the ability to constantly adapt to the needs and expectations of customers change, such as satisfaction, safety and comfort of customers. II. Use PESTEL to analyze opportunities and threats of industry tourism in 1. PESTEL analyzing a. Political _Tax policy: Reducing costs, anti-tax...
Words: 3966 - Pages: 16
...boost to the economy or the boost is just a myth. Brazil, a nation which is the fifth largest – both by area and population, co-incidentally has five stars on its national football kit, each for every world cup they have won. The game of football has found numerous admirers, fans and players in this Latin American nation, and each time the game was played on its soil, Brazilians have never disappointed. They have turned up in huge numbers and have unanimously supported and loved the game. Therefore, it was no surprise that Brazil would paint itself yellow and green all over again in June-July 2014, when the world’s greatest sporting extravaganza was about to reach the shores of Sao Paulo. However, the world looked on with utter disbelief when the whole country went into a denial; according to a survey around 60% Brazilians opposed their nation’s decision to host the World Cup. Recently, Vietnam backed out from hosting the Asian Games citing the reason that holding the multi-sport event would not be financially feasible for the nation. In a country where inflation has hit the poor badly, where the infrastructure is ridiculous at places, economy is growing at less than 2% - hosting the World Cup was supposed to burn a hole into Brazil’s already tottered pockets, a hole as big as $15 billion. Vietnam’s $155 billion economy is recovering slowly and its annual growth is expected to be more than five percent in the next few years, the nation faces a plethora of issues which include...
Words: 1451 - Pages: 6
...2014 Trends Report Top 10 Global Spa and Wellness Trends Forecast 2014 Trends Report Top 10 Global Spa and Wellness Trends Forecast This is our 11th annual Trends Forecast, and I have never been more excited about the spa and wellness industry. So many of the trends we predicted over the past decade are now coming to fruition…helping businesses thrive and helping people live more healthfully every day. At the same time, we are seeing new, provocative ideas that will have a dramatic impact around the globe. The 2014 trends reflect an industry that is reimagining core elements of spa and wellness and exploring brave, new directions. It is gratifying to see a healthy dose of healthy travel in several of the trends; bold new ideas in mainstays like aromatherapy and hot springs take hold; and the development of new models for classic destination spas. It is also rewarding to watch trends in technology, beauty and fitness shape how we will live (and look)—and even take note of how the industry will help people address dying, illness and major life changes. And finally, there is a trend we forecasted in 2013 that continues to capture our imagination: mindfulness. We feel strongly that it is important to watch how this is evolving, and you’ll see a short synopsis of this “über trend” in the report. Spafinder Wellness 365™’s Trends Forecast reports on what is happening in our industry, but we also strive to present a true forecast of what lies ahead. Some ideas are still on...
Words: 28888 - Pages: 116
...Latest facts and figures of tourism sector (till Jan,2015) 4 Direct contribution of tourism and hospitality to GDP 4 Foreign tourists arriving in India 5 Foreign exchange earnings from tourism in India 5 Expected share of tourists by expenditure 5 Visa on Arrival and Earnings 7 Background Literature 13 Methodology 20 Analysis 22 (Of Tour Operator Industry) 22 Analysis & Interpretation 24 (Of Our Survey) 24 Findings of Study 37 Tourism Marketing Management * Tourism Sector in India (Overview) Introduction Tourism and hospitality, a key sector of the Indian economy, plays a key role in the growth of Brand India and accounts for around 12.4 per cent of the total employment in India. Globally, tourism ranks fifth as an export category after fuels, chemicals, food and automotive products. The tourism and hospitality sector in India is highly optimistic with a large number of hotel chains having lied up their expansion plans. The renewed sense of optimism comes on the back of a volatile economic environment for most part of 2014 and the sector hopes that initiatives announced by the new government, including those related to e-visas and specific funds for developing tourist circuits, would lead to good business. The policies and changes implemented by the Government of India have been...
Words: 8829 - Pages: 36
...LABOUR FORCE SURVEY Quarter 2, 2015 Ha Noi, 2015 1 INTRODUCTION On 10 November 2014, the General Director of General Statistic Office issued Decision No 1287/QD-TCTK on the 2015 Labour force survey, along with its survey plan. The purpose of the survey was to collect the information on 2015 labor market participation from those people who are 15 years old and above currently residing in Vietnam; regarded as a basic for aggregating and compiling national statistical indicators on labor, employment, unemployment and income. These results would support for ministries and branches assessing and comparing the changes in labour market among quarters within the reference year as well as with those of previous annual labour force surveys conducted by GSO. These results would be also considered as a basic to develop and plan policies on human resource development; activities of investment, production and business accordant with the development trend on labor market; as well as to access and apply International Labor Organization’s updated recommendations on labor and employment, especially in term of “labor under-utilization” into the reality of Vietnam. The statistics would be aggregated quarterly for the national and regional levels; and yearly for the provincial level. This report would present major findings of labour force survey in quarter 2, 2015 in order to provide information about labour market and employment for users. As a result of the survey coverage on labor...
Words: 24138 - Pages: 97
...culture that includes delectable Thai food and massage, Thailand features a modern capital city, and friendly people who optimize Thailand’s “land of smiles” reputation. Thailand has rich sources for travelling and therefore deeply attracts people from all over the world. Each year, around 11 million visitors go there. Actually, tourism in Thailand plays an important role in the Thai economic structure and even in the whole Thai society, and it has a profound effect on Thai economy. This study concerns the background information of tourism in Thailand and will analysis certain problems that come along with it. Tourism is becoming the pillar industry in Thailand. In the last 20 years, tourism in Thailand developed rapidly. According to a survey done by ESCAP,” domestic tourism was able to contribute 29695 million baht to GDP, which was 3.7 per cent of total GDP (Gross Domestic Product) in 1983.” According to another statistic, in 2009, tourism was contributing 14.7 % to Thai GDP. According to the government’s data, in 2010, Thailand attracted 15.8 million tourists, and it generated about 19 billion dollars of revenue. Sisdivachr Chevaratanaporn, the president of the Association of Thai Travel Agents, states:” The industry generates hundreds of billion baht in revenue”. Obviously, tourism is becoming a leading industry of Thai economy. The trend of this industry in Thailand is bright. The government and people both have an optimistic outlook on Thai tourism. In 2010, based on the...
Words: 3257 - Pages: 14
...Internal analysis 17 Value chain 17 2.3 SWOT 21 2.4 Options 24 2.5 Vietnam Airlines's doing 25 III. Recommendation 28 IV. Conclusion 30 V. Reference 30 Group members: * * 1. Đào Thị Mỹ Hạnh BABAIU13076 2. Park Do Hyun BABAUN13080 * 3. Nguyễn Thị Hoài BABAIU13090 * 4. Nguyễn Lê Phương Khanh BABAIU13107 * 5. Đỗ Thị Thanh Hoa BABAIU13089 I. Introduction. Nowadays, airlines industry is one of profitable businesses in the world. Both government and private enterprise are dominant in the industry. In Vietnam, aviation market is forecasted to be the world's 7th fastest-growing in 2013-2017 period. The Vietnam airlines industry stands a high chance of developing strongly, but there must be an investment in technology, infrastructure in order to reduce the cost as well. And Vietnam Airlines is a largest aviation brand name in Vietnam which has been wholly owned by government. In this report, we make some analyses to appreciate Vietnam Airlines exactly and realize suitable and unsuitable aspects. Company background Vietnamese name . . . . . . . . . . . . . . . Tong Cong ty Hang khong Vietnam English name . . . . . . . . . . . . . . . . . . . Vietnam Airlines Company Limited Transaction name . . . . . . . . . . . . . . . . Vietnam Airlines. Abbreviated name . . . . . . . . . . . . . . . . VIETNAM AIRLINES Head Office . . . . . . . . . . . . . . . . . . . . . No...
Words: 9322 - Pages: 38
...kitchen. It is intended for particular segments of the tourism market, such as young people (Medlik, 2003). Hostels can offer additional services such as food, information, etc. They are mainly located in city centers or near train stations and public transport facilities (Heyns et.al, 2000). The hostel industry, as we know it today, began to develop in 1907, when Richard Schirrmann, a teacher from the small town of Altena in Germany, decided to adapt one of the empty classrooms for an accommodation and overnight stay for students. This idea was not entirely unique, as inns and taverns in Austria already offered accommodation at reduced prices for students since 1885. But Schirrmann had even bigger plans; he managed to develop a movement (Karr, 2014). His idea was to attract students from industrial towns to rural areas. Schirrmann was deeply convinced that walking and cycling in the fresh air is of great importance for the development of youth and their...
Words: 3315 - Pages: 14
...VIETNAM TOURISM MARKETING STRATEGY TO 2020 & ACTION PLAN: 2013-2015 (PROPOSED) Executive Summary Developed by: European Union funded Environmentally & Socially Responsible Tourism (ESRT) Capacity Development Programme Vietnam Tourism Marketing Strategy To 2020 & Action Plan: 2013-2015 (Proposed) Executive Summary Page 1 © 2013 Environmentally and Socially Responsible Tourism Capacity Development Programme This publication has been produced with the assistance of the European Union funded Environmentally and Socially Responsible Tourism Capacity Development Programme (ESRT). The content of this publication is the sole responsibility of the ESRT programme and can in no way be taken to reflect the views of the European Union. The European Union and ESRT do not guarantee the accuracy of the data included in this publication and accept no responsibility for any consequence of their use. By making any designation of our reference to a particular territory or geographic area, or by using the term “country” in this document, ESRT and the EU do not intend to make any judgements as to the legal or other status of any territory or area. ESRT and the EU encourage printing or copying exclusively for personal and non-commercial use with proper acknowledgement of ESRT and the EU. Users are restricted from reselling, redistributing, or creating derivative works for commercial purposes without the express, written consent of ESRT and the EU. Environmentally...
Words: 10550 - Pages: 43
...business in Vietnam 2014 Page 1 of 52 Content Page Foreword Country profile Business etiquette and travel Key trends and statistics Regulatory environment Establishing a business in Vietnam Opening up to Foreign Investment Finance Business entities Labour Financial reporting and audit 3 4 8 13 17 20 23 24 26 30 33 “Welcome to our Doing Business Guide which we hope will assist you in navigating this exciting but sometime difficult environment” Ken Atkinson, Managing Partner, Grant Thornton Vietnam Grant Thornton xxxxxxxx Page 2 of 52 Foreword Vietnam is a unique country providing extensive opportunities for those willing to spend time to understand the market. Although not without its problems, Vietnam’s economy continues to expand and modernise, and with the opening up of previously restricted industries and sectors to meet WTO commitments; opportunities continue to develop. Grant Thornton Vietnam has prepared this guide to assist those interested in doing business in Vietnam. This guide does not cover the subject exhaustively. However, it is intended to answer some of the more important questions that may arise. When specific problems occur in practice, it will often be necessary to refer to the laws and regulations of Vietnam and to obtain the appropriate professional advice. This guide contains only brief notes and includes legislation in force as of 28 January 2013. We hope this guide helps you in learning about and understanding business in Vietnam. Should...
Words: 16833 - Pages: 68
...MARKETING PLAN SUPERLIGHT CONCRETE BLOCK I. Executive summary Vietnam-Russia Technology and Investment Joint Stock Company (VRG) is preparing to launch a new type of concrete brick to the growing constructing market in Vietnam. It is called superlight foam concrete block with some striking features such as superlight weight, sound-proof and water-proof and heat resistance. The product will be offered at a good-value price. We are targeting at two main market segments including household and large construction corporation, taking advantages of increasing demand for non-baked bricks, cost-efficient technology and supporting government policies. The primary objective is to achieve first-year sales of 160,000 m3 of superlight concrete in the northern part of Vietnam. In other words, the financial goal is 40 billion VND in the first year of operation, keeping the loss less than 20 billion VND. The second year objective is to reach the sale of 200,000 m3, and break even in the middle of the year. II. Current Market Situation We decide to enter the market of industrial material (constructing block/brick) because it is a potential market in Vietnam. Traditionally, baked bricks are commonly used in construction in Vietnamese market. However, due to its bad effects on environment (clay exhaustion, toxic chemicals emission…), baked bricks are used less and less. Moreover, Government also has policies to promote the production and use of non-baked bricks.Technology of superlight...
Words: 3873 - Pages: 16
...Doing Business in Vietnam: 2009 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2008. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • • • • • • • • • • Chapter 1: Doing Business In Vietnam Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services 3/3/2009 Return to table of contents Chapter 1: Doing Business in Vietnam • • • • Market Overview Market Challenges Market Opportunities Market Entry Strategy Market Overview Return to top • Vietnam is a true emerging market, offering ground floor and growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in recent years, expanding annually at 7-8.5 percent, while industrial production has been growing at around 14-15 percent per year. Vietnam’s macroeconomic challenges and the global financial crisis dampened this growth in 2008 and will continue to do so in 2009. • In response to significant macroeconomic challenges, including high inflation and a large and growing current account deficit, the...
Words: 50261 - Pages: 202
...Doing Business in Vietnam: 2011 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2011. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • • • • • • • • • • Chapter 1: Doing Business in Vietnam Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations, Customs and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services Return to table of contents Chapter 1: Doing Business in Vietnam • • • • Market Overview Market Challenges Market Opportunities Market Entry Strategy Return to top Market Overview • Vietnam is a true emerging market, offering ground floor and growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in recent years, expanding at an average about 7.2 percent per year during the period 2001-2010, while industrial production grew at an average of about 12 percent per year during the same period. Vietnam registered GDP growth rate of 6.7 percent in 2010 and was one of only a handful of countries around the world to experience such levels of economic growth. Moving forward, inflation remains a main risk to Vietnam’s economy, which the Government...
Words: 52699 - Pages: 211
...Project Report – Semester 01 2013 Nguyen Dinh Dung S3310053 Le Thanh Phuong S3312704 Hong Phuong Linh S3312414 Truong Chanh Hung S3311779 Luong Huynh Thanh Long S3245909 Nguyen Ngoc Tuan S3259247 Red Devils - Suhor Anuar – Group 2 4/28/2013 RMIT International University Vietnam Bachelor of Commerce Program Assignment Cover Page Subject Code: | ACCT2118 | Subject Name: | INDUSTRY PROJECT | Location & Campus (SGS or HN) where you study: | RMIT Vietnam | Title of Assignment:(In the form of a question) | Project Presentation | Team Name | Red Devils | Student names & Student numbers: | Nguyen Dinh Dung S3310053 Le Thanh Phuong S3312704 Hong Phuong Linh S3312414 Truong Chanh Hung S3311779Luong Huynh Thanh Long S3245909 Nguyen Ngoc Tuan S3259247 | Lecturer and Group number: | Suhor Anuar – Group 2 | Assignment due date: | Thursday, 09 May, 2013 | Date of Submission: | Thursday, 09 May, 2013 | Late Submission Approval: | | Number of pages including this one: | | Word Count:(Main Content – excluding appendices) | | Table of Contents Assignment Cover Page 2 Table of Contents 3 I. PROJECT OVERVIEW 3 II. SUMMARY OF PROBLEMS IDENTIFICATION 3 1) Problem 1: Dishonest employees 3 2) Problem 2: inconvenience of the gas station 3 3) Problem 3: Huge loss due to the high salary for the workforce 3 III. PROJECT OBJECTIVES 3 IV. ANALYSIS & DIAGNOSIS 3 1) Problem 1: Dishonest...
Words: 9685 - Pages: 39