Indonesia – Author Carlo Carrasco

IMF Sees Sluggish Economic Growth for the Philippines this Year

October 20, 2026October 14, 2026carlocarrasco

In its latest economic assessment about the Philippines, the International Monetary Fund (IMF) said the nation’s gross domestic product (GDP) will grow by only 3.4% this year and it will end up as one of the weaker economics of Southeast Asia, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the news report of the BusinessWorld. Some parts in boldface…

THE PHILIPPINES could post the fifth-slowest growth in Southeast Asia this year as weak investment and elevated inflation weigh on economic activity, while unemployment is expected to rise more than previously forecast, the International Monetary Fund (IMF) said.

In its latest World Economic Outlook (WEO) released on Tuesday, the IMF expects Philippine gross domestic product (GDP) to grow by 3.4% this year, slowing from the post-pandemic low of 4.4% recorded in 2025.

This puts the Philippines behind most economies in the Association of the Southeast Nations (ASEAN). Vietnam is projected to post the fastest growth at 8.4%, followed by Malaysia (5.2%), Indonesia (5.1%), Singapore (5%), Lao People’s Democratic Republic (4.5%), and Timor-Leste (4%).

The Philippines is only expected to outpace Cambodia (3%), Thailand (2.1%), Myanmar (2%), and Brunei (1.9%) this year.

Philippine economic growth remained muted this year as the Middle East war-driven energy crisis amplified the lingering effects of the flood control mess. In the second quarter, GDP grew by a new post-pandemic low of 2.3%, bringing the first-half expansion to 2.6%.

However, the IMF expects the Philippine economy to regain momentum next year, but still below its growth potential.

“The Philippines is projected to grow by 5.1% in 2027, recovering from 3.4% in 2026,” an IMF spokesperson said in an e-mail.

“This is a robust recovery — thanks to the still elevated Philippines growth potential—which allows (the) Philippines to maintain a relatively strong pace compared with many ASEAN peers next year. However, (it is) still relatively lower than its growth potential.”

If this holds, the Philippines will be the second fastest-growing economy in ASEAN in 2027, matching Indonesia and trailing only Vietnam with 7.5%.

MAIN RISKS – For the IMF, the Philippines could rebound once confidence picks up and the energy shock fades to gradually steer investments back to the country.

However, the Washington-based multilateral lender said the economy may remain below its potential until next year if the investment backdrop remains bleak and consumer prices stay elevated.

“The main risks are renewed delays in public infrastructure investment, persistently high energy and food prices, and weaker investor confidence,” the IMF spokesperson said. “Restoring public investment while strengthening governance will be key to making the recovery durable.”

Economic managers are targeting 3.5%-4.5% GDP growth this year and 5%-6% next year until 2030.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be no economic breakthroughs for the Philippines this year? What do you think the Philippines should do to attract more new foreign investments and bring down the cost of energy? Do you think hosting the ASEAN Summit this year resulted in no real economic benefits for the Philippines?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Indonesia Attracts 10.5 Million Foreign Tourists in First 8 Months of 2026

October 18, 2026October 12, 2026carlocarrasco

Indonesia, the largest economy of Southeast Asia, successfully attracted 10.5 million foreign tourists during the January-August period this year, according to a news article by VnExpress.

If Indonesia maintains the current pace, its foreign tourist arrivals should reach 15.75 million by the end of 2026. The nation attracted 15.39 million foreign tourists last year and saw its tourism earnings reach 8.43 billion during the first half of this year.

To put things in perspective, posted below is an excerpt from the news article of VnExpress. Some parts in boldface…

Indonesia welcomed 10.58 million foreign tourists in the first eight months of the year, up 5.38% year-on-year, driven by a surge from visitors in Asia and Oceania.

The Southeast Asia’s largest economy received 1.6 million foreign tourist visits in August, up 6.27% from the same month in 2025.

From January to August, arrivals increased across several regional markets, led by other Asian regions at 8.41%, followed by Southeast Asia at 7.75% and Oceania at 7.36%. Visits from the Middle East rose 1.3% over the same period.

Indonesia has joined Malaysia and Vietnam in recording growth in international tourist arrivals, bucking a broader decline across regional destinations.

Malaysia recorded 28.8 million international visitors from January to August this year, up 1.8% year on year and retaining its crown as Southeast Asia’s most visited country.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Indonesia has a chance to attract 16 million foreign tourists by the end of this year? Have you decided recently to visit Indonesia over the next six months?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Vietnam Tourism Insiders Say Easier Entry, Stronger Connectivity and Better Tourism Services Are Needed

October 13, 2026October 6, 2026carlocarrasco

Having attracted almost eighteen million foreign tourists in the first nine months of 2026, Vietnam is clearly one of the must-visit places not only in Southeast Asia but in Asia as a whole. For some tourism insiders, however, Vietnam needs easier entry, strong connectivity by air and land and better tourism services to bridge the so-called competitiveness gap with its Southeast Asian neighbors, according to a news article by VnExpress.

To put things in perspective, posted below is an excerpt from the news article of VnExpress. Some parts in boldface…

Vietnam needs easier entry, stronger air and land connectivity, better tourism services, and stricter environmental enforcement to bridge its competitiveness gap with Southeast Asian rivals, tourism insiders have said.

The country climbed seven places to 52nd out of 110 economies in the World Economic Forum’s 2026 Travel and Tourism Development Index, its highest ranking since the Covid-19 pandemic.

But it ranked behind major Southeast Asian markets. Singapore was 13th globally, Indonesia was 23rd, Malaysia was 26th, and Thailand was 38th.

The expansion of visa-free policy for more nationalities remains an important feature of Vietnam’s strategy to develop its tourism industry.

Martin Koerner, commercial director of The Anam Group, a chain of Vietnamese luxury resorts, tells VnExpress International: “Vietnam should continue to make entry as frictionless as possible. Visa policies have improved considerably, but we should continue benchmarking ourselves against the easiest destinations in the region.”

Every additional administrative barrier matters when an international traveler can choose between Vietnam, Thailand, Malaysia, Indonesia, and other destinations, he says.

Vietnam has made it easier for foreign visitors to enter and stay in the country, including through 90-day e-visas and 45-day visa exemptions for citizens of 24 countries, including several in Europe.

But the country has not yet waived visas for some major tourism markets such as China and India, unlike Malaysia, Thailand, and the Philippines.

Vietnam also needs stronger air connectivity, with more direct flights from major cities in Europe, Australia, North America, India, and the Middle East as connections influence long-haul travelers’ destination choices, Koerner adds.

Dr Matt Kim, a lecturer in tourism and hospitality management at RMIT Vietnam, says infrastructure and accessibility require further improvement, particularly international air connectivity and transport links between destinations in the country.

Long Thanh International Airport scheduled to begin commercial operation later this year will be transformational, but an airport alone does not create a destination, he says.

Efficient connections between airports and tourism centers, better roads, rail infrastructure, and seamless domestic transportation will be equally important, he says.

He wants the tourism industry to improve service quality and develop skilled professionals.

“To compete more effectively with regional destinations such as Thailand and Singapore, Vietnam needs to improve not only its facilities, but also service standards and professional training.“

Environmental pollution is another concern, with foreign tourists frequently complaining about it despite praising Vietnam’s scenery.

Let me end this piece by asking you readers: What is your reaction to this development? Do you agree with the opinions of the tourism insiders about what Vietnam needs to do to remain competitive with its regional neighbors? If you have been to Vietnam over the past six months, how do you rate the quality of entry, tourism services, air-land connectivity and the tourism workers? With the way things are going now, do you think Vietnam will be able to attract 30 million foreign tourists in 2027 or 2028?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Singapore Leads Southeast Asia in Tourism Development

October 9, 2026October 3, 2026carlocarrasco

Singapore emerged as the best among the economies of Southeast Asia in the 2026 Travel and Tourism Development Index of the World Economic Forum (WEF), according to a news report of VnExpress. Globally, Singapore ranked 13^th in a field of 110 economies.

To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…

Singapore ranked 13th among 110 economies in the World Economic Forum’s 2026 Travel and Tourism Development Index, the highest position among ASEAN.

The city state scored 4.89 points, up 3.4 percentage points from 2024 in the biennial ranking released on Friday by the World Economic Forum, an international advocacy non-governmental organization and think tank based in Switzerland.

Indonesia ranked at 23rd, followed by Malaysia at 26th, Thailand at 38th, Vietnam at 52nd, the Philippines at 57th, and Laos at 75th.

The index measures factors and policies that enable sustainable and resilient development of tourism like business environment, safety and health conditions, price competitiveness, air transport infrastructure, ground and port infrastructure, tourist services and infrastructure, natural resources, and cultural resources.

Singapore received high scores in business environment, safety and security, travel policy and enabling conditions, and infrastructure and services.

Singapore, the second largest economy in Southeast Asia after Indonesia by nominal GDP, is known for its strict laws and low crime rates. It has earned (its) reputation as one of the safest countries in Asia.

The city-state is ramping up investment in large-scale tourism infrastructure as it seeks to strengthen its position as a leading travel and business hub in Asia.

The government announced a S$740 million (US$584 million) tourism funding package, more than twice the S$300 million allocated under the Tourism Development Fund in 2024, in May to strengthen industry resilience until 2040.

Let me end this piece by asking you readers: What is your reaction to this development? Have you visited Singapore over the past twelve months? Do you think Singapore can keep innovating and improving itself on tourism development?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Vietnam Declared Asia’s Leading Destination of 2026

October 3, 2026September 29, 2026carlocarrasco

With its booming tourism industry and the economic gains it has achieved so far, Vietnam was named as Asia’s leading destination during the 2026 World Travel Awards beating the likes of regional rivals Thailand, Malaysia, Singapore and Indonesia, according to a VnExpress news report. In fact, this is not the first time Vietnam achieved this particular honor and there were other awards won as well.

To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…

Vietnam has been named Asia’s leading destination at this year’s World Travel Awards, adding another tourism accolade to the country’s growing reputation.

It beat regional tourism hubs including Thailand, Malaysia, Singapore and Indonesia to retain the title for a sixth consecutive year.

A series of popular tourism hubs in Vietnam were also honored at different categories, the World Travel Awards Asia & Oceania organizers announced at a gala ceremony on Sunday.

Vietnam’s southern metropolis overtook Singapore, China’s Shanghai and Hong Kong to become “Asia’s leading business travel destination.”

Hanoi was named “Asia’s leading city break destination” while Tam Chuc Complex in the northern province of Ha Nam, around one hour and (30-minute) drive from the capital, was voted “Asia’s leading cultural tourist attraction.”

Ta Xua, one of the highest mountain peaks in Vietnam at over 2,800 m above sea level, was voted “Asia’s leading emerging tourism destination” for the first time. It has a cool climate all year round and is known as a cloud hunting destination from October to April.

Northern highlands town Moc Chau was named “Asia’s leading regional nature destination.” Phong Nha – Ke Bang National Park in central Vietnam was voted “Asia’s leading national park.”

The 900-square-kilometer national park, which UNESCO recognized as a global heritage site in 2003, is home to over 300 caves and grottoes that date back some 400 million years, including the world’s largest Son Doong.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Vietnam and its tourist sites deserved the tourism awards it received this year? Have you toured Vietnam extensively this year? What is the most astonishing tourism destination you have visited there in Vietnam? Do you think Vietnam still has a long way to go to solve its tourism labor shortage?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Higher Residency Fees for Foreign Nationals in Japan in Effect

October 2, 2026October 1, 2026carlocarrasco

What Japan promised as a part of immigration reform has finally been executed yesterday. The fees for foreign nationals seeking a change or a renewal of their residency status in Japan has been hiked dramatically to 200,000 Yen (US$1,280), according to a news report by Kyodo News. In relation with this development, there were long lines of foreign nationals who applied at regional immigration service centers hoping to beat the scheduled hike of residency fees.

To learn about the events that preceded the new residency fees, click here, here and here.

To put things in perspective, posted below is the excerpt from the Kyodo News report. Some parts in boldface…

Japan on Thursday hiked fees for foreign nationals seeking to change or renew their residency status, with the cost of permanent residency jumping twentyfold to 200,000 yen ($1,280).

The increase triggered a last-minute rush to apply under the old rates earlier this week, with long lines forming at immigration offices and heavy traffic making it difficult for some people to use the government’s online application system.

At the Osaka Regional Immigration Services Bureau on Tuesday, about 350 people were waiting when the office opened at 9 a.m., with the line stretching outside the building.

Before the hikes, the fees for non-permanent residency applications were 6,000 yen to change residency status or extending the period of stay. The fee for permanent residency was 10,000 yen.

From Thursday, the fee varies according to the period of stay granted, starting at 10,000 yen for three months or less and rising to 75,000 yen for five years or more.

The change comes following a revision to Japan’s immigration and refugee law enacted in May, with the government citing rising costs for visa screening.

For some foreign residents trying to continue working and living in Japan, including asylum seekers who fled hardship at home, the higher fees are adding to their financial burden.

A man in his 30s from East Africa, who came to Japan in 2023, said he is seeking refugee status for political reasons. He is currently unemployed after his seasonal job ended, adding that finding work has been difficult as many Japanese companies are reluctant to hire asylum seekers.

He currently holds a six-month “designated activities” residency status, meaning his renewal fee will rise to 18,000 yen under the new system.

“I like Japan,” he said, adding that he intends to pay the fees required to remain in the country. But he said policymakers should listen more closely to people directly affected by immigration rules.

An Indonesian man, 35, who went to the Osaka immigration office to apply for permanent residency before the increase took effect, said the twentyfold rise had come as a shock.

Let me end this piece by asking you readers: What is your reaction to this development? Now that higher residency fees are already in effect, do you anticipate a huge back backlash by foreign residents and their respective national governments against Japan? Do you think the woke mob and open borders zealots around the world will criticize Japan and pressure them to reverse all the immigration reforms they executed? Do you think the hiked fees will somehow compel illegal aliens and illegal immigrants to surrender to the local authorities and leave Japan?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Philippines Economic Growth May Fall Behind Southeast Asian Neighbors

September 18, 2026September 11, 2026carlocarrasco

In the latest economic analysis of Bank of America (BofA), the Philippines may end up behind its Association of Southeast Asian Nations (ASEAN) neighbors in terms of economic growth, and it could also mark another year of failing to hits is growth target, according to a report by BusinessWorld.

This is not surprising as the Philippines did not benefit economically from hosting the ASEAN Summit while it endured high inflation, weak gross domestic product (GDP) growth and lower foreign direct investment (FDI) inflows this year.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

THE PHILIPPINE ECONOMY may be among the slowest growing in Southeast Asia this year, as weak domestic demand keeps growth below its potential, Bank of America (BofA) said.

In a report dated Sept. 8, BofA Global Research kept its gross domestic product (GDP) forecasts for the Philippines at 2.5% in 2026 and 3.5% in 2027.

For 2026, this projection puts the Philippines on par with Thailand as the slowest-growing economies among the Association of Southeast Asian Nations (ASEAN) members included in the report.

The two countries are expected to trail Vietnam (8.2%), Indonesia (5.3%), Malaysia (5.2%), and Singapore (5.1%) this year. If BofA’s forecasts hold, the Philippines will miss its growth target for five straight years. Economic managers are targeting 3.5%-4.5% GDP growth this year and 5%-6% in 2027-2030.

“In second half of 2026, we see GDP growing 2.5% with gentle gains in consumption and the bottoming of investment spending,” BofA China & Asia Economist Helen Qiao and Asia Economist Ting Him Ho said.

“Government spending may help mitigate the effects of the oil shock by aiming subsidies at consumer and transport groups most affected,” they added.

The Philippine economic growth slumped to a post-pandemic low of 2.3% in the second quarter, bringing first-half growth to 2.6%. Economic managers said that last year’s flood control corruption scandal continued to weigh on public construction and investments, while the Middle East war-driven energy shocks dampened household spending.

“Domestic demand grew only 0.9% in 2Q26 with net trade providing the lift to overall GDP,” the BofA economists also noted. “Within domestic demand, private consumption slowed, investments shrunk, and government spending was unable to fully cushion.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will continue to be the economic weakling of ASEAN this year? Has the weak economic growth of the Philippines affected you in many ways?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Better than Streaming: Watch out for Godzilla Minus Zero in cinemas this November

September 14, 2026September 10, 2026carlocarrasco

Welcome back fellow geeks and film buffs!

Great news for those who love giant monster movies and wild cinematic fantasies! The new movie Godzilla Minus Zero will be released in cinemas worldwide this November starting with Japan!

Godzilla Minus Zero is the sequel to the excellent Godzilla Minus One (2023) and Takashi Yamazaki is back as director, writer and head of visual effects. Key members of the cast from the 2023 movie are returning as well. Feeling excited? Watch the official trailer below and pay attention to the details.

The official description of Godzilla Minus Zero from Toho is as follows: Godzilla Minus Zero is the highly anticipated new film from director, screenwriter and with VFX by Takashi Yamazaki, who won the Academy Award for Best Visual Effects for Godzilla Minus One.

The synopsis: War reduced Japan to zero, and Godzilla plunged it into minus. Two years have passed since then, and the country has faced agonizing struggles to achieve recovery and finally reclaim its daily life.

Just as humanity managed to cling to a hard-won peace, a new threat strikes, crushing hope in an instant.

There is no third time. Everything ends here.

Promotional poster for 'Godzilla Minus Zero' featuring Godzilla amidst a stormy backdrop with lightning, announcing it is filmed for IMAX and releasing on November 6. — *Godzilla Minus One will open in cinemas in more than twenty countries on November 6, 2026. (photo source – Toho)*

With regards to the scheduled global cinematic release, Godzilla Minus Zero will play in cinemas on the following dates and nations:

November 3, 2026 – Japan

November 4, 2026 – Belgium, France, Indonesia, Laos, Luxembourg, Philippines, Thailand,

November 5, 2026 – Albania, Argentina, Aruba, Australia, Bolivia, Bonaire, Bosnia, Brazil, Brunei, Central America, Chile, Colombia, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Ecuador, Germany, Greece, Greenland, Hungary, Kosovo, Malaysia, Mexico, Montenegro, Netherlands, New Zealand, North Macedonia, Paraguay, Peru, Portugal, Serbia, Singapore, Slovakia, Switzerland, Uruguay, Venezuela,

November 6, 2026 – Austria, Bulgaria, Canada, Estonia, Finland, Iceland, Ireland, Latvia, Lithuania, Moldova, Mozambique, Norway, Poland, Romania, South Africa, Spain, Sweden, Taiwan, Turkey, United Kingdom (UK), United States of America, Vietnam, Zambia,

November 12, 2026 – Italy

November 20, 2026 – Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan,

A person holding a glass jar containing a preserved specimen resembling a small, spiky object, with a label visible. The text 'Fight fire with fire.' is displayed below. — *Looks like a tiny piece of Godzilla was recovered somehow.*

I am glad that my native Philippines will have Godzilla Minus Zero officially screened on the 4^th of November. Godzilla Minus One’s screening in the Philippines was limited to a film festival and I had to import the 4K Blu-ray copy of it. To be clear, I enjoyed watching Godzilla Minus One and remember the very end of its footage, I am not surprised that Godzilla Minus Zero materialized. With the sequel coming out in a few months’ time, I am eager to find out what will happen next in the story about a struggling Japan and what will happen next to the core characters.

Already Toho confirmed that Godzilla Minus Zero was filmed for IMAX. That said, I will make an effort to see it in a local IMAX cinema here in the Philippines.

Right now, Godzilla Minus Zero is my most anticipated movie this year. Do you plan to watch it? Let me know in the comments below.

A large, monstrous creature with scales and spines stands amidst a devastated cityscape, roaring against a backdrop of dark, stormy clouds. — *Japan’s Gojira really looks fierce!*

If you wish to join a group of movie enthusiasts and talk about cinema, the cinematic trends, Blu-ray releases and more relevant stuff, visit the Movie Fans Worldwide Facebook group by clicking https://www.facebook.com/groups/322857711779576

+++++

Philippines Attracts 3.7 Million International Visitors in First 7 Months of 2026

August 15, 2026August 12, 2026carlocarrasco

The Philippines, which has been struggling with weak economic growth and high inflation, attracted 3.7 million international visitors in the first 7 months of this year, according to a news report by BusinessWorld.

Be mindful that the words “international visitors” includes both foreign tourists as well as Filipinos who are based abroad who happened to return to the country as “balikbayan”. For insight, the Philippines attracted 5.9 million foreign tourists in 2025 plus over half-a-million Filipinos from overseas which combines for 6.4 million international visitors for the year. For the first half of 2026, the nation attracted 2.9 million foreign tourists.

To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…

The number of Philippine international visitors grew to around 3.7 million as of July, buoyed by more relaxed visa policies, with growing markets seen in China, India, and Taiwan, according to the Department of Tourism (DoT) on Friday.

DoT Undersecretary Verna Esmeralda C. Buensuceso cited the figure, noting a 4.25% increase in tourist arrivals compared to last year.

“From January to July this year, the Philippines welcomed approximately 3.7 million international visitors, representing a 4.25% increase in visitor arrivals compared to the same period last year,” Ms. Buensuceso said during the launch of the 4th Travel Sale Expo 2026.

“We are seeing good growth from markets like China at 67%, India at 34%, and Taiwan at 11.21% growth, buoyed in large part by more liberal visa policies,” she added.

The tourism Undersecretary also noted sustained growth trajectories from the country’s traditional foreign markets such as the United States of America, Canada, and Japan, driven by additional flights.

The country is also experiencing double-digit to triple-digit growth in international arrivals from our Southeast Asian peers, such as Indonesia, Vietnam, Myanmar, Cambodia, Laos, and Timor-Leste, due to the ongoing ASEAN Summit 2026 where the Philippines serves as the host country.

“These are encouraging signs, but let me emphasize that our goal is not simply to increase the number of arrivals,” Ms. Buensuceso said.

“Our real goal is to increase the value of tourism. We want tourism to create more jobs, attract more investments, and generate more opportunities that reach communities across the country,” she added.

The tourism industry contributed 8.1% to the country’s gross domestic product (GDP) in 2025, down from 8.7% in the previous year, according to the Philippine Statistics Authority (PSA). It also employed around 7.70 million Filipinos in 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT is padding the numbers on tourist arrivals to avoid embarrassment in the near future? Do you think the Philippines will be able to surpass 2025’s 5.9 million foreign tourist count by the end of this year? Do you believe that hosting the ASEAN Summit is actually helping the Philippine attract more tourists from its Southeast Asian neighbors?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Vietnam Surpasses Thailand As Southeast Asia’s 2nd Largest Aviation Market

August 5, 2026August 4, 2026carlocarrasco

With its booming tourism industry making huge economic impact, Vietnam surpassed Thailand as and emerged as the 2^nd largest aviation market in Southeast Asia this past July, according to a news report by VnExpress.

To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…

Vietnam surpassed Thailand to become the second largest Southeast Asian aviation market with 7.4 million seats in July, an increase in capacity of 5.6% year-on-year, according to a report by British aviation analytics firm OAG.

Indonesia remained the largest Southeast Asia market with 10.9 million seats, up 0.3% year-on-year.

Thailand, which held the second spot in previous months, slipped to third place with 6.9 million seats, a 3% reduction in capacity, followed by Malaysia and the Phillippines. The report said capacity reduced in Malaysia, Thailand and the Philippines due to the Middle East crisis.

Vietnam Airlines is the largest airline in Southeast Asia in July with 2.81 million seats, growing by just 0.1% year-on-year, according to OAG.

Overall capacity in the Southeast Asian market reduced by 1.2% compared to July last year to 50.4 million seats due to rising fuel costs triggered by political tensions in the Middle East, OAG reported.

Let me end this piece by asking you readers: What is your reaction to this development? Considering its rapidly growing tourism industry, were you surprised that Vietnam registered 7.4 million seats this past July? Considering what was achieved recently, do you think Vietnam will grow further as an aviation market once its new Long Thanh International Airport becomes operational?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

	FediBoard Travel on HCMC Transforms into Vietnam’s…
	FediBoard on HCMC Transforms into Vietnam’s…
	FediBoard on A Look Back at X-Men 2099 #22…
	FediBoard Travel on Leechiu Property Consultants S…
	FediBoard Travel on Fewer Korean Visitors Arriving…

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this: