Year-to-date, tourist arrivals from the Americas reached 907,902, reflecting a 19.6 percent growth compared to the same period last year. The United States led the region with 69,237 arrivals in November, an 18.92 percent increase from October…

Asian tourist arrivals in Vietnam grow by 19.85 percent in November

the-shiv December 9, 2024

Year-to-date, Asian arrivals totalled 12,614,542, reflecting a 43.3 percent year-on-year increase. Among the top contributors, China led with 339,399 arrivals in November, up 11.11 percent…

Vietnam tourist arrivals see a 20.54 percent month on month growth in November

the-shiv December 7, 2024

Vietnam welcomed 1,711,512 international tourists in November, representing a month-on-month increase of 291,679 visitors or 20.54 percent, according to Vietnam’s General Department of Tourism. Year-to-date, the country has recorded 15,836,661 arrivals, marking a year-on-year increase of 38.8 percent. Asian visitors dominated the figures, contributing 1,357,769 arrivals in November, up by

Vietnam Tourist Arrivals Tracker: November Update [data set]

the-shiv December 7, 2024

Vietnam’s tourism industry welcomed 1.71 million tourist arrivals in November, an increase of 20.54 percent over October. The biggest percentage gains were seen in visitors from Europe which were up by 44,450 people or 27.49 percent. Visitors from the Americas also saw a significant jump of about 24.80 percent, however, notably this was from a low base.

Vietnam retail sales for travel and tourism decline

the-shiv December 1, 2024

Year-to-date, retail sales in this sector amounted to VND 44.01 trillion, or US$2 billion. While the overall performance remains steady, the October drop highlights challenges in maintaining growth momentum in travel and tourism services.

Vietnam retail sales for accommodation and food services decline

the-shiv November 30, 2024

In September, sales in this sector were VND 62.45 trillion, equivalent to US$2.46 billion. By October, the figure had declined to VND 59.87 trillion, or US$2.36 billion, marking a month-on-month drop of 4.13 percent.

Vietnam accommodation and food services FDI sees dip in newly registered capital in October

the-shiv November 21, 2024

Despite the fluctuations, the accommodation and food services sector continues to attract interest, driven by Vietnam’s expanding tourism industry and growing demand for hospitality services. It’s expected that FDI levels will continue to grow, as Vietnam’s hospitality sector remains a key component of its economic and tourism growth trajectory.

How to Open a Hotel in Vietnam: Ultimate Guide 2024

the-shiv November 20, 2024

Opening a hotel or resort in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical and licensing requirements that need to be met, but Vietnam also has its own unique travel culture. This guide runs through the ins and outs of opening a hotel in Vietnam.

Vietnam’s CPI for culture, entertainment, and tourism shows moderate annual increase

the-shiv November 17, 2024

Year-to-date, the CPI for culture, entertainment, and tourism rose by 1.91 percent from January to October 2024 compared to the same period in 2023. This steady growth is likely supported by rising consumer interest in leisure activities and tourism within Vietnam.

Vietnam Golf Industry: Overview 2024

the-shiv October 15, 2024

Vietnam’s golf industry has experienced significant growth, emerging as a key player in Asia’s golfing scene. The country’s diverse landscapes have attracted international interest, leading to the development of numerous world-class golf courses designed by renowned architects like Jack Nicklaus and Greg Norman. Key golfing hubs include Ho Chi Minh City, Hanoi, Da Nang, and coastal regions like Nha Trang and Cam Ranh….

Trump Organisation signs MOU on golf course, hotel development in Vietnam

the-shiv October 9, 2024

The Trump Organisation and Vietnam’s Hung Yen Investment Group which is owned by Vietnam developer Kinhbac, have signed a memorandum of understanding with respect to developing a golf course and hotel complex in Vietnam’s Hung Yen province. Kinh Bac, in a press release, has said the total investment will be in the vicinity of US$1.5 billion. Of note, it’s not clear that any of these funds will come from the Trump Organisation. The press release specifically states that it will be developed by a ‘consortium of investors selected by the Trump Organization’.

Vietnam tourist arrivals increase 24.45 percent July over August

the-shiv September 26, 2024

Vietnam’s tourism industry welcomed 1.43 million tourist arrivals in August, an increase over July of 24.45 percent. The biggest growth was seen in visitors from Asia which were up 26.77 percent with 248,606 more Asian visitors in August than in July. Visitors from Europe also saw a significant boost of about 44.64 percent, however, notably this was from a low base. In real numbers visitors from Europe reached 149,102, up from 103,084 in July.

Tourism in Vietnam: Industry Overview 2024

the-shiv September 19, 2024

Tourism in Vietnam plays a vital role in Vietnam’s economy, contributing significantly to GDP, job creation, and foreign exchange earnings. It includes a wide range of services such as hotels, restaurants, travel agencies, tour operators, transportation, and attractions, catering to both international and domestic tourists.

Trump golf course could be on the cards for northern Vietnam

the-shiv September 18, 2024

Of note, historically Trump has been a popular figure in Vietnam. A Pew Research Centre survey in 2017, not long after Trump was elected president of the United States, found that Vietnam was just one of a handful of countries of the 37 surveyed where the majority of respondents had confidence in the real estate developer and reality TV star…

Vietnam’s VinPearl issues new US dollar bonds in Singapore at 9.25 percent

the-shiv August 28, 2024

Vinpearl is a prominent tourism and entertainment conglomerate in Vietnam. Its well-known for its resorts, amusement parks, and cable cars. The company is also a part of Vietnam’s biggest conglomerate, VinGroup. Over the last few years, Vingroup has been struggling to develop its electric car arm, VinFast. The subsidiary reportedly lost US$2.4 billion last year with heavy losses continuing into 2024.

New Vietnam–Manila direct flights highlight growing south-south integration

the-shiv June 19, 2024

This is welcome news for tourism in both countries. Of note, in the first five months of this year, Vietnam welcomed 85,936 tourists from the Philippines, an increase of 54.1 percent over the same period last year. This is in line with growing interregional travel which is visa free for members of ASEAN states. Filipino citizens, for example, can enter Vietnam visa free for up to three weeks. This latest announcement could signal a significant boost to these numbers…

Vietnam National Tourism Administration disputes WEF tourism rankings

the-shiv May 28, 2024

The administration claims that the ‘socio-economic impact of tourism’ indicator, which placed Vietnam 115th, contradicts the findings of Vietnam’s General Office of Statistics, however, in the WEF report this indicator is grouped under sustainability and looks at job quality, wages, and gender parity. By comparison, the GSO tends to focus on the number of tourists and how much money they spend. This is not really comparing apples with apples.

Expansion of Vietnam’s tourist visa options under discussion

the-shiv February 27, 2024

Vietnam’s Prime Minister has proposed visa waivers for foreign nationals from developed countries of between six to 12 months, VN Express is reporting. If enacted this would signify a huge shift in visa policy for one of Southeast Asia’s fast growing economies. A little background–Vietnam revised its immigration laws in

Vietnam Report survey finds generally positive outlook for tourism in 2024

the-shiv February 2, 2024

A survey conducted by Vietnam Report has found that 66.7 percent of tourism and hospitality businesses are expecting higher tourist numbers and profits, Vietnam News is reporting. Note that the methodology behind the report is not clear. This survey forms part of a broader write-up of the tourism industry which

Tourism: Vietnam’s Ha Long Bay makes Fodor’s ‘No List’

the-shiv January 4, 2024

Vietnam’s World Heritage listed Ha Long Bay has made Fodor’s ‘no list’, a compilation of tourist destinations travellers should avoid, the Express is reporting. Reasons for making the ‘no list’ include overcrowding, polluted waterways, and rubbish often found floating in the bay. Note that Vietnam is currently putting a lot