Want to be in the loop?
subscribe to
our notification
Business News
HOTEL ROOM SHORTAGE CONCERN RISES AS MICE ARRIVALS SURGE
MICE tourist arrivals to HCMC have recently soared, causing concerns among travel firms over possible shortages of hotel rooms and conference hall space.
Major hotels in the city said average room occupancy in the first quarter of 2017 was high. For instance, many hotels of 4-5 stars reported occupancy of over 80% or even 90% in February.
Many famous hotels are full, making it difficult for travel companies to arrange accommodations for guests of Meeting, Incentive, Conference and Event (MICE) programs. “There is a balance between demand and supply at the moment but if the MICE market grows further, the possibility of lacking hotel rooms for MICE tourists will be high,” said a source from Saigontourist Travel Service Company.
Since last year, MICE visitors to HCMC have increased steadily. Many companies have seen an increase of up to 20% in MICE guests. However, the city’s hotels and convention centers seem to be overstretched, tourism companies have had to move some groups to other cities and provinces.
“We have transferred some MICE groups to Danang and Nha Trang cities. HCMC holds great potential for MICE tourism growth but the city needs to invest more in infrastructure, hotels and convention centers,” said Nguyen Ngoc Chau, chairman of Ben Thanh Tourist.
According to the HCMC Department of Tourism, by February this year, the city had had 1,926 star-rated hotels with 48,182 guest rooms, including 116 hotels of 3-5 stars with 14,641 rooms. The average room occupancy rate of 3-5 star hotels was about 70%.
The department has asked the city government to offer incentives for projects to construct, expand and upgrade 3-5 star hotels.
Tourism enterprises have suggested the city build more exhibition and convention facilities. Currently, the city has only two exhibition and convention centers, namely GEM Center in District 1 and Saigon Exhibition and Convention Center (SECC) in District 7.
However, GEM is not big enough to accommodate large events while SECC is always full, with 56 large exhibitions already booked for this year.
Source: The Saigon Times
Related News
SENTRYSAFE CHW20201 - EFFECTIVE WATER RESISTANCE, MAXIMUM PROTECTION
In unexpected flooding situations, the most important thing is to keep your valuables dry and intact. SentrySafe CHW20201 is specially designed with superior water-resistant capabilities, helping protect documents, cash, and important belongings even when fully submerged. Proven in real testing: After water submersion, the documents inside remain dry - undamaged.
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.






















