Vietnam’S Tourist Industry Size?

Vietnam’s tourism sector has seen a significant growth in recent years, with the country welcoming approximately 12.6 million international visitor arrivals in 2023. This increase is attributed to the Vietnam National Administration of Tourism’s long-term plan to diversify the industry, which brings foreign exchange into the country. In 2023, Vietnam welcomed almost 3.6 million South Korean tourist arrivals, the highest number among all countries and territories. The number of international visitors to Vietnam in 2023 reached 70 compared to 2019, with Oceania and the Americas having the best source markets.

In May 2022, domestic tourists reached 12 million, up 243 compared to the same period in 2019. The total number of international tourists visiting Vietnam this year was about 12.6 million, a 3.4-fold rise from 2022, surpassing the target of 8 million set earlier. Vietnam tourism statistics for 2019 were 11,830,000,000.00, a 17.36 increase from 2018.

In 2019, Vietnam saw 18 million international visitors, which dropped to 3.84 million in 2020 before it closed its borders. When the country reopened its tourism industry on March 15th, 2022, it only saw 3.66 million visitors in the remaining months of the year. In 2016, Vietnam welcomed 10 million international visitors, a 26-fold increase from the previous year.

In 2023, Vietnam welcomed 8.832 million foreign tourists in the first six months of 2024, up by 58.4% year-on-year. The country’s tourism sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the first four months of this year. In 2024, Vietnam aims to welcome 18 million international visitors and 110 million domestic tourists, with total revenues of VNĐ850.

Does Vietnam get a lot of tourists?

In 2023, Vietnam experienced a significant increase in tourist arrivals, reaching 12. 6 million. The country was named Asia’s Leading Destination for the fifth time and Asia’s Leading Nature Destination for the second time in a row. Vietnam now ranks 52nd on the tourism index, with foreign tourists spending an average of around USD673 per day, compared to Vietnamese tourists spending around USD61 per day. The tourism sector is estimated to contribute 23. 7 billion USD to Vietnam’s economy, with the first 10 months of 2023 expected to receive this amount.

How important is tourism to Vietnam?

Tourism is crucial for Vietnam and the Asia-Pacific region, creating 2. 4 million jobs and expected to reach nearly three million by 2028, accounting for almost five per cent of the total number of jobs. Associate Professor Nkhoma and Mr. Cuong discussed this at a three-day event, Travel and Tourism Research in the Global South: Advancing through Cooperation and Collaboration, held by RMIT Vietnam’s School of Business and Management and Pacific Asia Travel Association’s Travel and Tourism Research Association.

Which country is number 1 in tourism?

France leads the list of the most visited cities in Europe with 89. 4 million arrivals in 2019, thanks to its diverse regional cultures, historical sites, museums, gastronomy, and romantic charm. The country’s beautiful countryside, including villages, mountains, vineyards, and castles, attracts tourists. Spain follows with 83. 7 million arrivals, thanks to its historical richness, sunny coasts, architectural beauty, flamenco music, and bull running experiences.

Does Vietnam have a lot of tourists?

In 2023, Vietnam experienced a significant increase in tourist arrivals, reaching 12. 6 million. The country was named Asia’s Leading Destination for the fifth time and Asia’s Leading Nature Destination for the second time in a row. Vietnam now ranks 52nd on the tourism index, with foreign tourists spending an average of around USD673 per day, compared to Vietnamese tourists spending around USD61 per day. The tourism sector is estimated to contribute 23. 7 billion USD to Vietnam’s economy, with the first 10 months of 2023 expected to receive this amount.

Is Vietnam too touristy?

Vietnam’s tourism is not a perfect paradise, as it only makes up 2 of its GDP compared to around 20 of Thailand’s. However, popular spots are overtouristed. Vietnam is an industrious country with extensive modern development and is experiencing an economic boom as multinational businesses diversify away from China. If you prefer quieter, less commercialized places, you should look beyond Ha Long Bay, Nha Trang, and Hoi An. Vietnam may lack the renowned resort hospitality industry of Thailand or Bali, but for its culture, cuisine, natural sites, villages, and bustling cities, Vietnam is an excellent destination.

How many tourists visit Vietnam each year?

Vietnam’s tourism industry has experienced a rebound in 2023, with an impressive increase in international arrivals, particularly from South Korea and Mainland China. The country’s diverse landscapes, rich cultural heritage, and warm hospitality have attracted a growing number of international tourists. However, the COVID-19 pandemic severely impacted the industry, leading to a sharp decline in tourist arrivals and revenue since 2020.

Despite these challenges, Vietnam’s tourism sector has started to recover, with an impressive increase in international arrivals in 2023. The strong domestic market and pent-up demand for travel have also played a crucial role in the industry, with domestic tourists reaching approximately 108. 2 million in 2023, doubling from 2021 figures.

The government’s proactive efforts, such as the implementation of a 3-month e-visa for all countries and visa duration exemption for 13 specific countries, have helped the industry bounce back and regain momentum. This visa relaxation is expected to boost tourism, foreign investment, and business cooperation in the country. The government’s focus on sustainable tourism practices and infrastructure development will further enhance Vietnam’s appeal to visitors worldwide.

Which country visits Vietnam most?

In 2023, Vietnam welcomed over 3. 6 million South Korean tourists, making it the leading nationality of foreign visitors to the country. China ranked second with over 1. 74 million visitors. This increase is attributed to Vietnam’s robust recovery after the COVID-19 pandemic. To access premium statistics, a paid Statista Account is required, which includes immediate access to all statistics and source references.

What is the tourism ranking of Vietnam?

In the 2024 iteration of the Travel and Tourism Development Index, Vietnam was placed 59th out of 119 economies, a decline of seven positions from its 2022 ranking. The overall score for the current year was 3. 96 out of a possible seven points, representing a decline of 0. 14 points. CEO Nguyen Tien Dat expressed disquiet at the country’s tourism industry’s ranking, while industry insiders have claimed that the rankings are “inaccurate” with regard to Vietnam’s tourism capacity.

What percentage of Vietnam’s economy is tourism?

The recovery of Chinese tourist arrivals and the increasing desire of Americans to travel are expected to increase the number of foreign tourists visiting Vietnam by over 5% this year. Foreign tourism accounted for about 8% of Vietnam’s GDP pre-COVID, and its continued recovery in 2024 should add over 1 percentage point to the country’s GDP growth. Domestic tourism accounts for an additional 4% of Vietnam’s GDP, but it had already fully recovered last year.

The recovery in foreign tourist arrivals was initially driven by South Korean and American tourists, and then by Chinese tourists, who lifted its “Zero COVID” restrictions in 2023. Vietnam also eased its tourist visa requirements last year, which helped boost the revenues of travel-related companies. Hotel room occupancy in Vietnam is still about 20% below pre-COVID levels, primarily due to Chinese tourist arrivals being 25% below pre-COVID levels. However, higher-end properties owned and operated by Lodgis are above pre-COVID levels.