Tourism a bright spot in Vietnam's economic panorama


Vietnam wants to greet 17-18 million foreign tourists and 110 million domestic travellers this year and earn around VND840 trillion (US$33 billion) from the sector this year. - Vietnam News

HANOI: Tourism is a bright spot in Vietnam's economic panorama in the first half of 2024 with revenue from accommodation and food services estimated at VND356.4 trillion (US$14 billion), a year-on-year increase of 15.2 per cent.

Recent statistics show that in the period, the service sector grew by 6.64 per cent and contributed 49.76 per cent of gross domestic product (GDP).

According to unofficial data, around 15 localities have reported tourism revenue of more than VND10 trillion each, six higher than the figure recorded in the same period last year.

HCM City ranked first in terms of revenue, with an estimate of VND92.6 trillion, up 14.6 per cent year-on-year and equal to 48.8 per cent of the overall 2024 plan. The increase was attributed to the city’s efforts to organise tourism and cultural events to attract both domestic and foreign visitors.

It was followed by Hanoi, with VND55.3 trillion, which represented a year-on-year rise of 22.8 per cent.

Meanwhile, the central provinces of Binh Dinh and Khanh Hoa saw the most impressive growth rates.

According to the Binh Dinh provincial Tourism Department, in the period, the local area served 5.6 million tourists and earned around VND15 trillion, up 106 per cent and 96.9 per cent year-on-year, respectively.

Nearly 5.2 million tourists stayed overnight in Khanh Hoa in January-June, up 88 per cent against the same period last year. Of the total, nearly 2.4 million were foreigners, a 3.2 fold increase. The total revenue from tourism was estimated at over 26 trillion VND, up 97 per cent.

Vietnam wants to greet 17-18 million foreign tourists and 110 million domestic travellers this year and earn around VND840 trillion (US$33 billion) from the sector this year.

These goals are reachable, as Vietnam's international tourism peak season from October to April will be an opportunity for the sector to accelerate its growth and make a breakthrough.

Various provinces and cities have introduced their new and impressive products, such as cruise tourism in the northern province of Quang Ninh and the central city of Da Nang and night tours in Hanoi.

As for the trend of visiting places by car, conglomerate Vingroup’s establishment of its FGF - For Green Future Trading and Services Joint Stock Company, specialising in trading and leasing electric cars, is expected to help promote domestic tourism, especially in localities such as Hanoi, Da Nang, HCM City and Thua Thien-Hue. – Vietnam News/ANN

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