Tourism stocks hike following news of China’s resumption of tours to Vietnam
The tourism and entertainment stock group saw a hike after the Chinese Government has decided to add Vietnam into the list of the countries to which China’s group tours can be conducted starting from March 15.
Hanoi (VNA) - The tourism and entertainment stock group sawa hike after the Chinese Government has decided to addVietnam into t☂he list of the countries to which China’s group tours can beconducted starting from March 15.
Specifically, a series of codes such as VNG, VTD, SKG, RIG, PDC, HVN, CTC, DAH allincreased by their daily limit. Most of the other codes also experienced stronggrowth. At a working session with Nguyen Phuong Hoa,head of the International Cooperation Department under the Ministry of Culture,Sport and Tourism, Cultural Counselor of the Chinese Embassy in Vietnam PengShituan affirmed that China and Vietnam enjoyed strong tourism cooperationbefore the COVID-19 pandemic broke out, benefiting the peopleof both countries and practically contributing to the reinforcement of thefriendship between the two countries.
The process of restoring internationaltourism is convincing and encouraging, he said, adding that Vietnam will be oneof the countries prioritised for China’s resumption of direct air routes withpassengers being not required to show their SARS-CoV-2 PCR negative testingresults. Visitors entering the country only need to provide quick test resultsor engage in 2% probability test, he added.
The Chinese side hopes to continue to work closelywith Vietnam in ensuring the legitimate rights of tourists in each country, hestated.
For h𒉰er part, Hoa welcomed the Chinese side’sadjustments in bilateral tourism cooperation and said she꧒ hopes the twosides will continue to collaborate closely to boost the growth of bilateraltourism cooperation in a healthy and practical manner./.
In the past two years, the impact of COVID-19 has hit listed tourism companies’ activities hard, leading to persistent losses and some stocks being given a warning status, and even risk being delisted. However as many businesses turn to restructuring operations, their results have become more positive.
Positive news about the resumption of aviation and tourism services have helped tourism stocks to surge, with many even hitting celling prices continuously, despite the VN-Index struggling around the 1,500-point level.
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Illustrative image (Photo: VNA) 
