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    VJC   VN000000VJC7

VIETJET AVIATION JOINT STOCK COMPANY

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Vietnam's resort island welcomes first tourists after nearly 2 years

11/21/2021 | 08:24pm EST
Phu Quoc resort island is seen via the window of an airplane after the Vietnamese government eased the lockdown following the coronavirus disease (COVID-19) outbreak, Phu Quoc Island

HANOI (Reuters) - Two hundred vaccinated foreign tourists arrived in Vietnam's beach-fringed island of Phu Quoc on Saturday, the first wave of visitors to the country in nearly two years as it seeks to resurrect its pandemic-ravaged tourism economy.

Vietnam imposed tight border controls at the start of the pandemic in an effort to keep out COVID-19, with some initial success, but that harmed its burgeoning tourism sector, which typically accounts for about 10% of gross domestic product.

Vaccinated tourists now do not have to undergo mandatory two-week quarantine, according to the authorities, but are required to enjoy their holiday only inside the mega complex resort Vinpearl and will be tested twice during their trip.

"This is the first and vital step to revive our tourism sector and to prepare for the full resumption next year," Nguyen Trung Khanh, chairman of the country's tourism administration said in statement.

"We want to offer tourists a new experience amid new normalcy which they can live fully in Phu Quoc and then live fully in Vietnam," Khanh added.

The island's authorities expect to welcome 400,000 domestic and international tourists to the end of this year.

Other Vietnamese destinations such as the UNESCO world heritage site Hoi An and Danang beach are also welcoming international tourists back.

The move follows similar steps taken by neighbouring Thailand, which hosted vaccinated foreign tourist for quarantine-free holiday earlier this month.

Foreign arrivals to Vietnam slumped from 18 million in 2019, when tourism revenue was $31 billion, or nearly 12% of its gross domestic product, to 3.8 million last year.

Vietnam, which has inoculated more than half of its 98 million people, is seeking to resume international commercial flights from January next year and eyeing a full tourism reopening from June.

(Editing by Michael Perry)


ę Reuters 2021
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Financials
Sales 2021 14 027 B 631 M 631 M
Net income 2021 160 B 7,20 M 7,20 M
Net Debt 2021 - - -
P/E ratio 2021 408x
Yield 2021 -
Capitalization 65 589 B 2 893 M 2 952 M
Capi. / Sales 2021 4,68x
Capi. / Sales 2022 1,74x
Nbr of Employees 5 842
Free-Float 51,1%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 121 100,00 VND
Average target price 130 600,00 VND
Spread / Average Target 7,84%
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Managers and Directors
Phuong Thao Thi Nguyen Vice Chairman & General Director
Yen Phuong Ngoc Ho Chief Financial Officer & Deputy General Director
Ha Thanh Nguyen Chairman
Hung Thanh Nguyen Vice Chairman
Cuong Viet Chu Director