Foreign travel firms to sound out business opportunities in HCMC

HCMC – Representatives of nearly 300 international travel companies keen on tourism products in HCMC and Vietnam as a whole will join the International Tourism Expo HCMC (ITE HCMC) from September 7 to 9 to sound out business opportunities.

According to the HCMC Department of Tourism, the 300 firms have been chosen from more than 700 tour operators in 40 countries and territories, including key markets of Vietnamese tourism such as the U.S., the UK, France, Italy, Germany, China, Japan, ASEAN and India among others.

Besides finding business opportunities, these firms will participate in programs introducing tourism products of HCMC, the Mekong Delta, Dalat, Ninh Thuan, Phan Thiet and Halong.

The event will be also attended by 40 journalists and professional tourism bloggers from many other countries.

Besides, high-ranking tourism officials will take part in a Tourism Ministerial Meeting involving Cambodia, Laos, Myanmar, Thailand and Vietnam to discuss solutions on tourism cooperation. This meeting is organized within the framework of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS), which is a political, economic, and cultural organization grouping Thailand, Laos, Vietnam, Cambodia and Myanmar.

Several tourism management and promotion agencies will also meet with enterprises over the development of Meetings, Incentives, Conventions and Exhibitions (MICE) tourism in HCMC, and in other tourism markets such as China and Malaysia.

ITE HCMC is annually held by the HCMC Department of Tourism, the Vietnam National Administration of Tourism, the HCMC government, Vietnam National Trade Fair and Advertising Company (Vinexad), and Informa Exhibitions Co Ltd under the Ministry of Culture, Sports and Tourism.

The event this year will feature 300 booths covering a total area of nearly 7,000 square meters at the Saigon Exhibition and Convention Center (SECC) in District 7, HCMC, up 15% versus last year.

Travel companies and tourism promotion agencies from 18 countries and territories will also join in the expo, which will be opened to the public on September 9.

Source: The Saigon Times

See more: How to Set-up Travel Services Business in Vietnam?

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How to Set-up Travel Services Business in Vietnam

Foreign investor could only set-up joint venture with Vietnam travel agency to set-up travel services business in Vietnam because transport of passenger belongs to investment areas with conditions applied to foreign investor inVietnam.

No one could deny that information technology has tremendously changed the way travel services business operates.  The use of booking reservation system application on smartphone and internet are widespread that make travel has never been easier.   Foreign investor would be interested to explore the travel services market. However, 100% foreign owned company is not allowed to set-up in travel services business in Vietnam. As this investment area is conditional, it is advised that a law firm in Vietnam should be consulted to ensure compliance with local regulations.

The application process and documents requirements are briefly as following:

I. Required documents:

1.      Application for the International Travel Business License (form);

2.      Certificate of business registration (copy – certified)

3.      Business plan for the international travel agency;

4.      Tour schedule

5.      Proof of at least 4 years of experience in international travel business operations

6.      Certified copies of the tourist guides’ cards whereby at least 3 international tourist guides are required

7.      Confirmation of bank deposit (as per regulations);

8.      Proof of office premises or legally registered place of business

II. Business License Application Procedure

1.      Submission of the required documents to the correct authority (Department of Culture, Sports and Tourism of the province/city where the business is headquartered).

2.      The Department of Tourism of the province/city completes the records of appraisal and submits a written request with the agency’s records to the Minstry of Culture, Sports and Tourism in Vietnam within ten working days from the date of receipt of a valid application. When cases are not eligible for the proposed permit to the state agencies, the provincial tourism department shall cite the specific reasons for refusal.

3.      The state management agency of tourism (VNAT – Ministry of Culture, Sports and Tourism) is responsible for reviewing and licensing the international travel business within ten working days from the date of both receipt of the file and written request of the state agency of tourism in the province. In case of refusal, the ministry shall state the specific reasons to the state and provincial tourism authorities

III. Number of records

– Submission to the Department of Culture, Sports and Tourism: 01

– Tourism Authority Filed in: 01

Source: ANTLawers.vn

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