Indo-Vietnam Business Forum 2020| Vietnam Embassy in India Organized Online Conference to Promote Travel & Tourism

New Delhi, December 10, 2020: Embassy of The Socialist Republic of Viet Nam in association with The Policy Times jointly organized ‘Indo-Vietnam Business Forum 2020| Exploring Asia's Next Miracle - Vietnam as Next Global Travel Destination on Thursday, December 10, 2020, at 1230 hrs to 1500hrs from New Delhi.

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New Delhi, December 10, 2020: Embassy of The Socialist Republic of Viet Nam in association with The Policy Times jointly organized ‘Indo-Vietnam Business Forum 2020| Exploring Asia’s Next Miracle – Vietnam as Next Global Travel Destination on Thursday, December 10, 2020, at 1230 hrs to 1500hrs from New Delhi.

The programme was chaired by H.E. (Mr.) Pham Sanh Chau, Ambassador of the Socialist Republic of Viet Nam to India.  Mr. Akram Hoque, Founder Editor of the Policy Times moderated the show. The country has a endless possibilities in several sectors in terms of trade , both import and export, and Travel and Tourism is one such sectors that has been showing a tremendous amount of growth potential in recent times. The E-seminar was divided into two sessions Inaugural and Sectoral.

The moderator of the session Mr. Hoque started the inaugural session with quite an astonishing number of growing trade statistics between India and Vietnam. In 2018 Vietnam has earned US $26.75 billion from the tourism itself. It has attracted more than 18 million tourists in 2019, which is a humongous number while India’s total attraction only 10-12 million in terms of revenue.

Dr. Do Thanh Hai, Deputy Chief of Mission, Embassy of the S.R. of Vietnam to India in his welcome keynote presentation he addressed  that Vietnam is ready to open its border within less time by maintaining all the safety and security. The central part of the Vietnam is heavily influenced by the Indian cultures. People are eager to travel Vietnam, this is the time bring tourism to one place to another especially, to India and India to Vietnam as a very new and promising destination. In terms of tourist destination, there is lot to offer. Vietnam has variety of destination and landscapes that can cater bigger. Comparing to Thailand, Vietnam is lot more exciting, adventurous and has lot to offer to their tourists. He said, “Last year Vietnam received 18 million tourists. We hopefully could organize flights for tourist’s agencies soon to explore the markets. We need to survive the markets as well as the capacity”.Indo-Vietnam Business Forum 2020| Vietnam Embassy in India Organized Online Conference to Promote Travel & Tourism.the policy times

Mr. Ngo Minh Duc, Chairman, HG Holdings delivered his remarks by saying India and Vietnam are two very important countries. The relationship and economy between both countries are growing tremendously. There is a lot of opportunities between both countries to promote each other and to do that HG Holdings is the direct link between the two countries. the last four years Vietnam has witnessed tourism at its highest and India was one of the main contributors.

He also stressed on the fact, “We work close with the government and we are preparing Vietnam for the next year. We are also preparing to open the corridor of the country and I think in March 2021 we will be ready to open with maintain all the safety measures”.

The sectoral part of the E-seminar saw potentially much-experienced insight from quite a few Indian Industry leaders from the Indian Tourism sector shared their respective views and opinion on the theme Prospects & Strategies Post-Covid.

Mr. E.M. Najeeb, Sr. Vice President, Indian Association of Tour operators (IATO) given his compact and statistically potent insight on the tourism industry with putting very factual background on Vietnam’s potential market for destination tourism. To view at the outbound tourism in India, it is expected to surpass US$42 billion by the end of the 2024. India is the 7th largest tourism economy in the world in its outbound and inbound tour, domestic. The Indian travelers are the highest spenders in the destination countries, in the middle-east countries and some of the European countries.

He further explained, “Vietnam is 10 new emerging destination country of the world and it is a very attractive destination for Indian travelers. Indians are mostly travel with family and Vietnam appreciates the culture. Adding to that Vietnam is less expensive at least 50-80% for holidays than many other established destinations that region and that’s a first point comparing to many destinations. Because of the direct airlines between the two countries, there are lot opportunities in connectivity and that actually put people in ease to travel there”.

Indo-Vietnam Business Forum 2020| Vietnam Embassy in India Organized Online Conference to Promote Travel & Tourism.the policy timesDr.  Abhay Sinha, Deputy Director General, Services Export Promotion Council (SEPC)-India, gave a comprehensive insight on the Vietnam tourism and showered some valuable speech on doing business in other countries and how SEPC can help to establish it further.  SEPC is set up by Ministry of Commerce and Industry, Government of India. The council is catering to 17 different sectors including IT-ITes. They have mapped out total 12 champion sectors; the council is identified with govt scheme and incentives and it is the nodal part of contact where it makes the connection of doing business.

Mr. Anoop Kanuga, National MC Member & Head-Tourism council, Travel Agents Association of India (TAAI) pointed out very useful points and recommended some effective solution to survive tourism very effectively. He mentioned “Indian outbound will be now looking for new experiences, will focus on mountains, hotsprings and beaches which are vastly populated but not very overcrowded. The culinary tourism will be the main focus now, we will also see growth on wellness tourism and the age demographic will change. The younger generation will travel more between the age group of 25-35 years”.

Indo-Vietnam Business Forum 2020| Vietnam Embassy in India Organized Online Conference to Promote Travel & Tourism.the policy times

He further stressed on In the wellness tourism, he said “There is a huge potential to be exploited and it abundance in Vietnam. The wellness traveler spends 50% more than typical international traveler. They spend more money in experiences than material things. The hotels need to enhance their wellness facilities such as gym, yoga, spas and so on. We need to encourage people to travel, benefit them with low fares, low hotel rate develop areas around the peak density areas so that crowd spread out, and encourage hotels there to avoid overcrowding”.

Subhash Chandar, Director-Asia Market (Purchasing and MICE), ASIA DMC & Gotadi explained very briefly why to choose Vietnam as destination tourism out of many countries. He said, “Due to the direct flight commuting to Vietnam is easier now, prices are more competitive, options are numerous. Therefore, Vietnam has seen extensive developments of new destinations such as Quy Nhon, Tuy Hoa, Quang Ngai, Ha Nam, Cat Ba Island, etc. New properties are opening at the traditional seaside destinations comes with a great offer on cost.

He further mentioned, “According to the recently released Asia Pacific Visitor Forecasr Indo-Vietnam Business Forum 2020| Vietnam Embassy in India Organized Online Conference to Promote Travel & Tourism.the policy timesReport from the Pacific Asia Travel Association (PATA) Vietnam is predicted to lead Asia-Pacific destinations in terms of average annual growth over the next five years. Vietnam’s hotel sector will experience a significant growth for every category of travelers. The data suggests there could be 44 launches with 14, 325 rooms are planned before the end of this year. The post pandemic travel will become a necessity for many people around the world and tourist will have a higher demand for luxury accommodations with isolated spaces nearby travel and shorter vacations.

The e-seminar came to an end with H.E. (Mr.) Pham Sanh Chau, Ambassador of the S.R. of Viet Nam to India sharing his view and observation into the potential relation. He said, “It is time to discuss the direction of potential relation in the tourism sector. Focusing on culinary tourism he said, “There is a huge gap between Vietnam culinary and Indian culinary and Vietnam should prepare for culinary tourism” He also mentioned considering about the wellness tourism that Vietnam should consider.

Mr. Bui Trung Thuong, Head of Trade section, The Embassy of Vietnam to India ended the meeting with his vote of thanks and observation from the discussion between Indian Industry leaders and insight to building promising collaboration between industry leaders in India and Vietnam to facilitate business in the diverse sector of travel and tourism.

In the inaugural session Welcome & Keynote Speech by Dr Do Thanh Hai, Deputy Chief of Mission, Embassy of the S.R. of Vietnam to India. In the Sectoral Session Indian industry leaders like Mr. E.M. Najeeb, Sr. Vice President, Indian Association of Tour operators (IATO) , Dr Abhay Sinha, Deputy Director General, Services Export Promotion Council (SEPC)-India, Mr. Anoop Kanuga, National MC Member & Head-Tourism council, Travel Agents Association of India (TAAI) , Mr. Subhash Chandar, Director-Asia Market (Purchasing and MICE), ASIA DMC & Gotadi.

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Indo-Vietnam Business Forum 2020| Vietnam Embassy in India Organized Online Conference to Promote Travel & Tourism
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New Delhi, December 10, 2020: Embassy of The Socialist Republic of Viet Nam in association with The Policy Times jointly organized ‘Indo-Vietnam Business Forum 2020| Exploring Asia's Next Miracle - Vietnam as Next Global Travel Destination on Thursday, December 10, 2020, at 1230 hrs to 1500hrs from New Delhi.
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