Vietnam's tourism sector earns $23.7B in 10 months

By VNA   October 31, 2023 | 10:04 pm PT
Vietnam's tourism sector earns $23.7B in 10 months
A foreign couple sit on a motorboat to explore Cai Rang floating market in Can Tho, October 2023. Photo by VnExpress/Hoang Phong
Vietnam’s total revenue from tourists is estimated at VND582.6 trillion (US$23.7 billion) in the first 10 months of 2023, exceeding the whole last year's figure, according to the Vietnam National Authority of Tourism.

Last year, Vietnam's tourism industry earned VND495 trillion, equivalent to 66% of revenues in 2019, the year before Covid struck.

In the January-October period, the country welcomed 10 million foreign tourists, exceeding the target of 8 million for the whole year, and served 98.7 million domestic holiday-makers.

In October alone, the tourism sector served 1.11 million foreign visitors and 5.2 million domestic tourists.

According to the nine-month socio-economic report announced released by the General Statistics Office, the service and tourism sector grew by 6.24%, contributing 53.34% of the total overall growth of the country's GDP.

In November, localities across the nation have plans to organize various events and festivals to attract more tourists, including Hanoi Tourist Gift Festival, Ninh Thuan Tourism and Culture Day in Can Tho City, Ba Ria – Vung Tau Tourism Week, and Mang Den Culture Festival in the Central Highlands province of Kon Tum.

Travel companies in Vietnam are preparing to anticipate opportunities of the peak season of both inbound and outbound tours.

At present, South Korea, China, Taiwan and Japan are widely sought after by tourists thanks to good tour prices.

A representative of Saigontourist – one of Vietnam’s largest travel companies, said that tours with new destinations or offering new experiences are attracting tourists, many of whom are willing to spend large amounts of money to enjoy new experiences.

Nguyen Nguyet Van Khanh, a representative of Vietravel – also a major Vietnamese travel firm, stated that with some tours that draw attention by a large number of Vietnamese tourists, such as those to China, the company always proactively links and cooperates with tourism promotion agencies, and localities to step up promotion activities and introduce tours at good prices so as to bring many impressive experiences to customers.

go to top