The Siam Commercial Bank’s Economic Intelligence Center has predicted that these countries will see a momentum in economic growth this year, but it will be less than its growth potential before the COVID-19 pandemic.
According to the Thai bank, the rebound will vary across these nations, based on economic fundamentals and risks specific to each country.
The report released on February 1 expects Vietnam to see the highest economic growth of 6.2 percent, followed by the Cambodian economy that will grow 5.5% in 2023, Laos and Myanmar come third in the list with an anticipated 3% annual growth.
A domestic demand for goods and services alongside tourism are said to be key factors that will drive economic recovery for these SE Asian countries in 2023.
Improvements in the labor market would assist in increasing domestic demand and Vietnam’s fourth quarter employment rates of 2022 has already been reported to have increased to its highest level since the outbreak of COVID-19.
With China reopening its borders last month, the service sector will also get a shot in the arm from more international tourists visiting these countries. In 2019, Chinese travelers comprised of around 30-35% of total foreign travelers.
Outbound group tours to Cambodia and Laos are resuming again from February 6, and more countries are expected be added to the list in the near future.
The report expects Cambodia and Vietnam to benefit the most from an increased influx of visitors, as the tourism industry accounts for 18.2% and 9.8% of their GDP, respectively.
https://www.tourismlaos.org/wp-content/uploads/2023/02/Laos-Patuxay-Vientiane.jpg6271200Sylivanla Vongphachanhhttps://www.tourismlaos.org/wp-content/uploads/2025/05/Lao-Simply-Beautiful-.webpSylivanla Vongphachanh2023-02-21 10:12:272023-02-14 10:14:26Laos, Cambodia, Vietnam & Myanmar Economies to Get Stronger in 2023
Laos was the third most popular country that Thai people searched for on Google Trends in 2022, according to the media website Kapook.
Kapook has revealed the top ten countries in 2022 that Thai people searched for the most while looking for holiday spots, and Laos ranked third on the list, behind Singapore and Vietnam.
Japan took fourth place, followed by South Korea, Taiwan, Georgia, and Malaysia.
The website describes Laos as a country having a rich natural environment as well as distinct customs and culture.
“Being one of Thailand’s closest ASEAN neighbors, Laos is rich in tourist attractions, magnificent landscape, and distinct cultures and traditions,” it says.
“Laos has a comparable topography, climate, language, and manner of life to the Thai people. As a result, Laos is another popular country that Thai people searched for the most on Google in 2022.”
Additionally, Laos was listed as one of the top destinations to visit in 2023 in Traveller, an Australian travel magazine due to its laid-back appeal and the deep cultural beauty of its well-known provinces, such as Luang Prabang, Vang Vieng, and Vientiane Capital.
Thanks to all the international publicity, Laos is hoping to attract 1.4 million international tourists this year with the Minister of Information, Culture, and Tourism Ms. Suanesavanh Vignaket urging officials in the tourism sector to work harder to strengthen operations, improve local infrastructure, and create new tourism products.
https://www.tourismlaos.org/wp-content/uploads/2023/02/Laos-Came-Third-Most-Searched-for-Tourist-Destination-Among-Thais-in-2022.jpg6271200Sylivanla Vongphachanhhttps://www.tourismlaos.org/wp-content/uploads/2025/05/Lao-Simply-Beautiful-.webpSylivanla Vongphachanh2023-02-17 10:07:022023-02-14 10:09:12Laos is Third Most Searched-for Tourist Destination Among Thais in 2022
Jeju Air, South Korea’s largest low-cost carrier, will start operating flights between Laos and Korea from 20 April.
The company stated that flights will commence after three years of suspension due to the Covid-19 pandemic.
Jeju Air plans to resume services on its Incheon to Vientiane, Hanoi, and Ho Chi Minh routes.
In 2019, the budget carrier operated eight routes to five Vietnamese cities namely Danang, Hanoi, Ho Chi Minh City, Nha Trang, and Phu Quoc. However, most of the routes were suspended in early 2020 when the Covid pandemic adversely affected the airline industry.
Last year the company resumed flights from Incheon to Danang and Nha Trang, along with the Busan-Da Nang route as the travel industry began to revive its operations in June 2022 after many countries reopened their borders for international travel.
Jeju Air aims to turn around this year after reporting losses for three consecutive years as eased Covid restrictions have led to demand for travel going up again, reports Yonhap News Agency.
Laos has also seen an increase in tourism following its reopening in May last year. Experts predict the numbers to increase by a large margin, with Laos mentioned by several notable news agencies as one of the top destinations to visit in 2023.
Laos, Cambodia, Vietnam & Myanmar Economies to Get Stronger in 2023
The Siam Commercial Bank’s Economic Intelligence Center has predicted that these countries will see a momentum in economic growth this year, but it will be less than its growth potential before the COVID-19 pandemic.
According to the Thai bank, the rebound will vary across these nations, based on economic fundamentals and risks specific to each country.
The report released on February 1 expects Vietnam to see the highest economic growth of 6.2 percent, followed by the Cambodian economy that will grow 5.5% in 2023, Laos and Myanmar come third in the list with an anticipated 3% annual growth.
A domestic demand for goods and services alongside tourism are said to be key factors that will drive economic recovery for these SE Asian countries in 2023.
Improvements in the labor market would assist in increasing domestic demand and Vietnam’s fourth quarter employment rates of 2022 has already been reported to have increased to its highest level since the outbreak of COVID-19.
With China reopening its borders last month, the service sector will also get a shot in the arm from more international tourists visiting these countries. In 2019, Chinese travelers comprised of around 30-35% of total foreign travelers.
Outbound group tours to Cambodia and Laos are resuming again from February 6, and more countries are expected be added to the list in the near future.
The report expects Cambodia and Vietnam to benefit the most from an increased influx of visitors, as the tourism industry accounts for 18.2% and 9.8% of their GDP, respectively.
Source: https://laotiantimes.com/2023/02/06/laos-cambodia-vietnam-myanmar-economies-to-get-stronger-in-2023/
Laos is Third Most Searched-for Tourist Destination Among Thais in 2022
Laos was the third most popular country that Thai people searched for on Google Trends in 2022, according to the media website Kapook.
Kapook has revealed the top ten countries in 2022 that Thai people searched for the most while looking for holiday spots, and Laos ranked third on the list, behind Singapore and Vietnam.
Japan took fourth place, followed by South Korea, Taiwan, Georgia, and Malaysia.
The website describes Laos as a country having a rich natural environment as well as distinct customs and culture.
“Being one of Thailand’s closest ASEAN neighbors, Laos is rich in tourist attractions, magnificent landscape, and distinct cultures and traditions,” it says.
“Laos has a comparable topography, climate, language, and manner of life to the Thai people. As a result, Laos is another popular country that Thai people searched for the most on Google in 2022.”
Additionally, Laos was listed as one of the top destinations to visit in 2023 in Traveller, an Australian travel magazine due to its laid-back appeal and the deep cultural beauty of its well-known provinces, such as Luang Prabang, Vang Vieng, and Vientiane Capital.
Thanks to all the international publicity, Laos is hoping to attract 1.4 million international tourists this year with the Minister of Information, Culture, and Tourism Ms. Suanesavanh Vignaket urging officials in the tourism sector to work harder to strengthen operations, improve local infrastructure, and create new tourism products.
Source: https://laotiantimes.com/2023/02/08/laos-is-third-most-searched-for-tourist-destination-among-thais-in-2022/
South Korea’s Biggest Low Cost Carrier Expands Flights to Laos and Vietnam
Jeju Air, South Korea’s largest low-cost carrier, will start operating flights between Laos and Korea from 20 April.
The company stated that flights will commence after three years of suspension due to the Covid-19 pandemic.
Jeju Air plans to resume services on its Incheon to Vientiane, Hanoi, and Ho Chi Minh routes.
In 2019, the budget carrier operated eight routes to five Vietnamese cities namely Danang, Hanoi, Ho Chi Minh City, Nha Trang, and Phu Quoc. However, most of the routes were suspended in early 2020 when the Covid pandemic adversely affected the airline industry.
Last year the company resumed flights from Incheon to Danang and Nha Trang, along with the Busan-Da Nang route as the travel industry began to revive its operations in June 2022 after many countries reopened their borders for international travel.
Jeju Air aims to turn around this year after reporting losses for three consecutive years as eased Covid restrictions have led to demand for travel going up again, reports Yonhap News Agency.
Laos has also seen an increase in tourism following its reopening in May last year. Experts predict the numbers to increase by a large margin, with Laos mentioned by several notable news agencies as one of the top destinations to visit in 2023.
Source: https://laotiantimes.com/2023/02/10/south-koreas-biggest-low-cost-carrier-expands-flights-to-laos-and-vietnam/