Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM, PHILIPPINES EXPAND TOURISM COOPERATION, PROMOTE DESTINATION CONNECTIVITY

Vietnam’s Party General Secretary and State President To Lam and Philippine President Ferdinand Romualdez Marcos Jr. witness the exchange of the 2026-2029 Tourism Cooperation Program between representatives of the two ministries - PHOTO: VNA
HCMC – Vietnam and the Philippines have signed a tourism cooperation program for the 2026-2029 period, creating new opportunities to boost visitor exchanges, strengthen destination connectivity, and expand cooperation in tourism development.
The agreement was signed in Manila on June 1 during the state visit of Vietnam’s Party General Secretary and State President To Lam to the Philippines.
According to the Vietnam National Authority of Tourism, the new agreement covers tourism management, development and promotion, as well as cooperation on sustainable and regenerative tourism, new tourism products, and exchanges of tourism experts and officials.
It also includes joint efforts to promote destinations and increase two way visitor flows through coordinated marketing campaigns and familiarization trips for businesses and media organizations.
A Vietnam-Philippines tourism working group will be established to coordinate and monitor the implementation of the program through 2029.
Air connectivity between the two countries has also expanded in recent years, with regular direct flights linking Hanoi and HCMC with Manila.
Since late 2025, Vietnam Airlines has operated direct flights between Hanoi and Cebu, while Vietjet Air has announced plans to launch air services between HCMC and Cebu, further strengthening links between the two countries’ tourism hubs.
During the visit, the two countries also issued a joint statement upgrading Vietnam-Philippines ties to an enhanced strategic partnership. Both sides described tourism as a key driver of economic growth, cultural exchange and people to people connectivity, and pledged to facilitate travel between the two countries.
The new commitments are expected to boost visitor exchanges, strengthen destination linkages, deepen business cooperation and support ASEAN’s sustainable tourism development goals in the coming years.
The agreement comes amid strong growth in tourism flows between the two countries. The Philippines is currently one of Vietnam’s fastest growing inbound tourism markets.
Vietnam welcomed 482,173 visitors from the Philippines in 2025, up 81% from 2024. The growth continued in the first four months of 2026, with Philippine arrivals rising 73.4% year-on-year to 235,798. In the other direction, the Philippines received 67,661 Vietnamese visitors in 2023 and 58,098 in 2024.
In the first 11 months of 2025, Vietnamese arrivals reached 30,650. The figures suggest significant potential for both countries to further expand tourism promotion efforts and strengthen market connectivity in the years ahead.
Source: The Saigon Times
Related News
AGRICULTURAL, FORESTRY AND FISHERY EXPORTS REACH NEARLY $49.3 BILLION AFTER EIGHT MONTHS
Asia remained Việt Nam’s largest export market, accounting for 45.5 per cent of total market share, with exports to the region increasing 11.3 per cent year on year. Việt Nam’s agricultural, forestry and fishery exports totaled nearly US$49.3 billion in the first eight months of this year, up 7 per cent year on year, maintaining growth momentum despite divergent trends among major product groups.
BANK DEPOSITS OVERTAKE CREDIT GROWTH IN LATE AUGUST
Vietnamese đồng deposits at banks grew faster than credit by late August, reversing a trend seen earlier this year and easing some short-term liquidity pressure, although banks continue to face high funding costs amid strong demand for loans. Speaking at the Government’s regular meeting, Trần Quốc Phương, deputy minister of finance, said that as of August 22, Vietnamese đồng deposits at credit institutions had increased 8.77 per cent from the beginning of the year, slightly exceeding the 8.38 per cent growth in Vietnamese đồng lending.
FOREIGN CAPITAL SEEKS STRONGER FOOTHOLD IN VIỆT NAM THROUGH M&A
Foreign investors carried out 1,815 capital contribution and share purchase transactions in Việt Nam in the first seven months of 2026, with total capital exceeding $6.5 billion. While the number of transactions fell 8.4 per cent year-on-year, their value rose 61.6 per cent. Rather than investing from scratch to build new production facilities, many foreign investors are choosing to acquire stakes in existing Vietnamese companies as a faster way to establish a foothold in the market.
MANUFACTURING PRODUCTION RISES AT FASTEST PACE IN JUST OVER TWO YEARS
Growth in the Vietnamese manufacturing sector continued to strengthen midway through the third quarter of the year. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.3 points in August, up from 52.9 points in July and above the 50.0 no-change mark for the fourteenth consecutive month. The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.
TECHNOLOGY, INNOVATION DRIVE CHEMICAL INDUSTRY TOWARDS HIGHER-VALUE GROWTH
Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.
FDI INFLOWS RISE 55.4 PER CENT ON YEAR
According to the Foreign Investment Agency under the Ministry of Finance, total foreign direct investment (FDI) registered in Vietnam reached $40.63 billion as of August 31, up 55.4 per cent year-on-year. All three components – newly registered capital, additional capital injected into existing projects, and foreign investors’ capital contributions and share purchases – recorded increases.






















