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Vietnam could be a top ten hit by 2016 |
Vietnam's tourism industry is expected to grow at an average rate
of 14% during the next five years, according to a recent study.
And, the country is expected to become one of the top ten tourist
destinations by 2016.
In its recently published market research report on
“Opportunities in Vietnam Tourism Industry (2007-2009)",
industry research company RNCOS found that the tourist influx in
Vietnam would grow at an average rate of approximately 14% over the
next five years (2007-2011).
Vietnam is one of the best performing economies in Asian region.
The country welcomed around 3.6 million international tourists last
year (2006), representing a 2.1 million increase from 2000. And,
receipts from incoming tourists reached almost US$2.4 billion
(around 3.9% of overall GDP), US$1.2 billion up against 2000.
By 2016, Vietnam is expected to emerge as one of the top ten
tourist destinations in the world. As a result of the tourism
industry’s expansion, there will be more job opportunities,
and increased incomes & consumer spending. This will also drive
the economic growth in the country. Aviation, transportation,
hospitality and other industries closely associated with the
tourism industry will also benefit from this surge in tourism.
As per the RNCOS report “Opportunities in Vietnam Tourism
Industry (2007-2009)", “Tourism is amongst the most rapidly
growing industrial sectors in most countries of the world. And, in
Asian countries, Vietnam in amongst the destinations enjoying
maximum growth rates in tourist arrivals. In recent years, the
country has welcomed visitors from different countries. The list
includes long haul visitors from countries such as US, China,
Australia, and France, and regional travelers from adjoining
countries within ASEAN (Association of South-East-Asian Nations)
and high spending visitors from North East Asia.”
Key issues and facts analyzed in this report include: performance
of Global tourism, Asia-Pacific tourism and ASEAN tourism industry,
position of Vietnam tourism industry with respect to the ASEAN
tourism industry, outbound tourism, domestic tourism, and
expenditure by inbound tourist, etc.
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