The tourism industry experienced another tough year in 2021 as policies applied by local authorities changed often. Dao Manh Luong, Deputy Chair of Quang Ninh Tourism Association, spoke about doing business during the pandemic at a recent workshop. Luong said his firm is a typical example. He had to borrow big money and sell some cruise ships to get money to 'feed' remaining ships and wait for the day of recovery. Luong believes that he was lucky as he sold the cruise ships and had money to pay debts. He doesn't need to seek capital from black credit. More than 90 percent of international travel firms have to shut down or suspend operation because of no clients. Most domestic firms, from bosses to tour guides, have taken other businesses and jobs to earn their living. Some CEOs have turned white-haired because of the worries about how to pay workers and maintain offices. Travel firms still dreamed of opening the market in the first months of 2021 as the pandemic was controlled. Tourism boomed on April holiday with travelers flocking to sea cities. The flights to Con Dao were full of passengers though airfares were high at VND6-7 million. Because of… Read full this story
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