BackStories » Vietnam » Vietnam Aims for $30bn in Tourism Revenue by 2020

Vietnam Aims for $30bn in Tourism Revenue by 2020

Vietnam’s tourism sector has a lot to prove after the Ministry of Culture, Sports and Tourism rolled out a plan to achieve $US30 billion in annual revenue by 2020.

Recently, during a conference held between the central government and officials from nine of the country’s major tourism localities, Minister of Culture, Sports and Tourism Nguyen Ngoc Thien unveiled the plan and its target goals, reports Thanh Nien.

Specifically, the tourism sector is aiming for $US30 billion in yearly revenue, accounting for 10% of Vietnam’s total GDP. The proposal also hopes to create 3.5 million jobs for locals, servicing a target goal of 14-15 million international tourists per year by 2020.

“Those targets are totally feasible because we are going to have many opportunities for development. The target is equal to only half of Thailand’s while our recent investment will bring effects,” he told Thanh Nien.

At the event, authorities from the country’s tourist destinations also discussed several issues hampering Vietnam’s tourism growth, including a lack of coordination between involved parties and insufficient funding. The Pacific Asia Travel Association also pointed out in a recent report that 90% of Vietnam's tourists are first-timers but only 6% make return visits to the country, reports Tuoi Tre.

“In HCMC, waterway tourism faces barriers after the transport sector did not think about tourism when building low bridges,” Director of the Ho Chi Minh City Department of Tourism Van Thi Bach Tuyet shared with Thanh Nien.

Thien cited the low amount of the state budget dedicated to tourism promotional activities – US$2 million a year – as a contributing factor, although this is already changing. The ministry is seeking to more than double that amount to US$5.24 million next year

[Photo via VHG]


Related Articles:

Vietnam Sees Record Tourist Arrivals in First Quarter of 2016

Vietnam Tourism Officials Push for Universal Visa Waivers

It’s Official: Americans to Get 1-Year Vietnam Visas by June


Related Articles

in Vietnam

$14 Million Approved For Restoration Of Hanoi’s 112-Year-Old Long Biên Bridge

The fate of one of Vietnam’s most beloved and storied structures took another positive turn last week when the government approved a $14 million restoration package for Long Biên Bridge.

in Vietnam

'Amazing Race Vietnam' Apologizes for Challenge Harming Coral Reef

An underwater challenge during this year’s installment of The Amazing Race Vietnam is not sitting well with environmentalists.

in Vietnam

10 Killed, Over 30 Missing in Central and Northern Vietnam as Storm Son-Tinh Brings Flash Floods

Heavy rains from storm Son-Tinh, which eventually weakened to a tropical depression, have caused flash floods and fatalities in central Vietnam.

in Vietnam

104-Year-Old Great-Great Grandmother Fights Off Robber

Taking advantage of the elderly will inevitably result in some bad karma, a lesson a Dong Nai man quickly learned after attempting to rob Vo Thi Bai, a 104-year-old woman.

in Vietnam

116-Year-Old Recognized As Vietnam's Oldest Man

The Vietnam Record Organization (VRO) has recognized 116-tear-old Y'N Dong of Đắk Nông Province as the country’s oldest man, reports Vietnam Net.

in Vietnam

12 Dead, 41 Injured After Illegal Bus Falls Into Gorge Near Sapa

12 people have been reported killed and 41 injured in a bus accident in the hills of Northern Vietnam’s Lao Cai province, reports VN Express.