Hoi An among world’s cheapest holiday destinations in 2024: The Times

By Hoang Minh
Wed, January 3, 2024 | 11:38 am GMT+7

U.K. newspaper The Times has listed the ancient town of Hoi An in central Vietnam among the 23 most affordable destinations this year with cheap cost of living and slow pace of life.

People release lanterns onto Hoai River in the ancient town of Hoi An, central Vietnam. Photo courtesy of iViVu

People release lanterns onto Hoai River in the ancient town of Hoi An, central Vietnam. Photo courtesy of iViVu

“Because everything else is so cheap, it’s possible to stay in top-notch hotels and still subsist on £100 (US$126) a day, including sunscreen, cocktails, coffees and a three-course dinners for two,” the newspaper said.

“Local draught beers are especially cheap, while renting a moped will cut taxi costs and help you get to the nearby beaches. Cua Dai’s stretch of white sand is only a couple of miles to the east.”

The average coffee price is £1.5 ($1.89), with evening meals at £5 ($6.31) and beer at £1 ($1.26).

In addition to Hoi An, the list also included Jerez de la Frontera in Spain, Tokyo in Japan, Lisbon in Portugal, Bali in Indonesia and Hong Kong.

As an ancient town that sits along Thu Bon river, Hoi An charms foreign tourists with its unique architectural ensemble that features iconic yellow houses and rich traditional heritage

Hoi An is home to Chinese-influenced temples and assembly halls with unique architecture. Colorful floating lanterns are also a distinct feature during a festival held on the 14th day of each lunar month, when all the electric lights in the town are switched off.

Hoi An welcomed 91,000 foreign visitors during the three-day New Year holiday that wrapped up on Monday, up 169% year-on-year.

Last year, Tripadvisor readers voted the Vietnamese ancient town among the world’s top 25 trending destinations with the greatest year-over-year growth in interest.

Vietnam’s tourism enjoyed a successful year in 2023 as the number of foreign arrivals reached 12.6 million, up 3.4 times year-on-year and surpassing the initial target of 8 million. South Korea, mainland China and Taiwan were the largest sources for inbound tourism.

This year Vietnam targets 18 million foreign tourists, equivalent to the pre-pandemic figure of 2019.

The tourism industry began 2024 with positive signs as a series of tourist hubs such as Hanoi, HCMC, Danang, Phu Quoc and Hoi An were flooded with foreign tourists during the New Year holiday last weekend.

On Monday, the first day of the new year, three luxury cruise ships from Europe carried over 5,000 international tourists to Ha Long and Da Nang, heralding a fruitful year for tourism.

Comments (0)
  • Read More
Agriculture major PAN Group to pay 5% cash dividend

Agriculture major PAN Group to pay 5% cash dividend

PAN Group JSC, listed on the HCMC Stock Exchange (HoSE) as PAN, held its 2024 AGM on Friday, during which the group proposed paying a cash dividend of 5% this year and beyond.

Companies - Sat, April 27, 2024 | 9:53 am GMT+7

Japan’s Sojitz invests in Vietnam cashless payment firm Finviet

Japan’s Sojitz invests in Vietnam cashless payment firm Finviet

Japanese conglomerate Sojitz Corporation has invested an undisclosed amount in Finviet Technology Corporation, a software as a service (SaaS) company in Vietnam that provides cashless payment smartphone apps and an online ordering platform for small retail stores.

Companies - Sat, April 27, 2024 | 9:36 am GMT+7

Real estate businesses’ cash flow worst in five years: expert

Real estate businesses’ cash flow worst in five years: expert

Real estate developers are experiencing their worst cash flow in five years as the property market is facing several economic hurdles, said Dinh The Hien, head of the Institute of Information and Business Research.

Real Estate - Sat, April 27, 2024 | 7:46 am GMT+7

Former Binh Thuan province chairman detained for state asset management violations

Former Binh Thuan province chairman detained for state asset management violations

The Ministry of Public Security's investigative agency has launched legal proceedings against and arrested Le Tien Phuong, former chairman of Binh Thuan province for the 2011-2016 term.

Politics - Fri, April 26, 2024 | 9:41 pm GMT+7

Vietnam central bank to keep interest rate steady: deputy governor

Vietnam central bank to keep interest rate steady: deputy governor

The State Bank of Vietnam (SBV), the country’s central bank, will continue to keep policy interest rates unchanged at present and in the coming time, affirmed its deputy governor Dao Minh Tu.

Banking - Fri, April 26, 2024 | 9:11 pm GMT+7

Nam Kim Steel builds $178 mln factory in southern Vietnam

Nam Kim Steel builds $178 mln factory in southern Vietnam

Ho Minh Quang, chairman of Nam Kim Group, says work is proceeding space on the VND4.5 trillion ($177.55 million) Phu My steel roofing factory in Ba Ria-Vung Tau province and it should become operational in Q4/2025 or Q1/2026.

Companies - Fri, April 26, 2024 | 5:57 pm GMT+7

Vietnam parliament chairman Vuong Dinh Hue to step down

Vietnam parliament chairman Vuong Dinh Hue to step down

The Party Central Committee has agreed to let Vuong Dinh Hue, a member of the Poliburo - the country's highest decision making body, and Chairman of the National Assembly, to step down from his positions per his wish.

Politics - Fri, April 26, 2024 | 5:05 pm GMT+7

Nvidia keen on building AI center, relocating GPU production in Vietnam

Nvidia keen on building AI center, relocating GPU production in Vietnam

Nvidia is keen on working with Vietnamese authorities to establish a training-research-development center for artificial intelligence (AI), install super computers, and relocate part of its graphics processing unit (GPU) production to the country.

Industries - Fri, April 26, 2024 | 4:56 pm GMT+7

Japan energy firm Erex eyes 50 MW biomass power plant in northern Vietnam

Japan energy firm Erex eyes 50 MW biomass power plant in northern Vietnam

Japanese renewable energy firm Erex Co., Ltd. plans to build a 50-MW biomass power plant in the northern mountainous province of Lao Cai, Erex representative director and president Honna Hitoshi said Wednesday.

Energy - Fri, April 26, 2024 | 3:30 pm GMT+7

New stock trading system KRX unable to go-live on May 2: regulator

New stock trading system KRX unable to go-live on May 2: regulator

The State Securities Commission (SSC) has rejected the Ho Chi Minh Stock Exchange’s (HoSE) proposal to officially operate a new stock trading system called KRX on May 2, citing some securities firms as saying that there were errors during the testing process.

Finance - Fri, April 26, 2024 | 3:05 pm GMT+7

New expressway shortens Hanoi-Nghe An travel time to three hours by car

New expressway shortens Hanoi-Nghe An travel time to three hours by car

The Dien Chau-Bai Vot Expressway will be opened to traffic on Sunday, shortening the travel time between Hanoi and Vinh town, capital of Nghe An province, from five hours to three hours by car.

Infrastructure - Fri, April 26, 2024 | 12:00 pm GMT+7

Dairy giant Vinamilk targets 5% pre-tax profit growth in 2024

Dairy giant Vinamilk targets 5% pre-tax profit growth in 2024

Vietnamese dairy giant Vinamilk aims to earn VND63.16 trillion ($2.5 billion) in revenue and VND11.5 trillion ($453.92 million) in pre-tax profit this year, up 4.4% and 5.1% year-on-year, respectively, CEO Mai Kieu Lien said on Thursday.

Companies - Fri, April 26, 2024 | 11:53 am GMT+7

LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare

LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare

South Korean chaebol LG’s investment in Vietnam’s northern coastal city of Hai Phong has amounted to $8.24 billion to date, and the local administration has called on the company to invest more in education-training and healthcare.

Industries - Fri, April 26, 2024 | 11:43 am GMT+7

SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024

SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024

Saigon-Hanoi Commercial Joint Stock Bank, one of the top private banks in Vietnam, is aiming for VND11.28 trillion ($444 million) in pre-tax profit in 2024, up 22.2% year-over-year, its chairman Do Quang Hien told the bank's AGM on Thursday.

Companies - Fri, April 26, 2024 | 11:07 am GMT+7

Leading broker SSI allays concerns over cybersecurity after VNDirect ransomware attack

Leading broker SSI allays concerns over cybersecurity after VNDirect ransomware attack

Information security requires a supervisor who can identify strangers entering the system, said Nguyen Duy Hung, chairman of leading broker SSI Securities in response to inquiries from shareholders following the hacking incident at VNDirect Securities.

Companies - Fri, April 26, 2024 | 10:13 am GMT+7

Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1

Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1

PVOIL, a subsidiary of state-run giant Petrovietnam, recorded a consolidated pre-tax profit of VND300 billion ($11.83 million) in the first quarter of 2024, up 5% year-on-year, said its leadership.

Companies - Fri, April 26, 2024 | 7:59 am GMT+7