Vietnam Tourism Industry

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Vietnam is a country with abundant and diverse tourism potentials. For Vietnam’s economy, tourism is a key economic sector, plays an important role in the development of the country.

The tourism industry continues to bring potential revenue stream for Vietnam. In the context of the accommodation need is constantly increasing, many new projects will join the market within the next ten years.

According to statistics, the hotel industry in Vietnam has recorded impressive growth in quarter 1 of 2016.

According to the Tourism Authority of Vietnam, Vietnam has welcomed nearly 108,750 Russian tourists in quarter 1 of 2016, increase by 13.5% over the same period last year. Experts said that thanks to the loosen visa policy of the Government, Vietnam is considered as a safer destination for Russian tourists compared to other traditional tourist destinations.

In fact, the hotel industry of Vietnam is just in the early stages of the long developing way. In recent years, Vietnam is considered a leading tourism destination for seasonal tourists and who love exploring cultural values.

Currently, Vietnam is increasingly known as an international tourism destination with favorable climate, rich culinary, beautiful beaches, diverse cultures as well as facilities to meet international standards for foreign tourists.

With the expansion of the international airport, improved infrastructure, better quality hotels and entertainment facilities, Vietnam is gradually becoming a great alternative destination than Thailand and Malaysia.

According to statistics, since January 2016 to May 2016, Vietnam has welcomed nearly 3,248,634 international passengers, increases by 17.8% over the same period last year, with the largest number of visitors coming from China and Korea.

Notably, Quang Binh and Ninh Binh are emerging tourist destinations that recognized increasing visitor arrivals.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

How ANT Consulting Could Help Your Business?

Please click here to learn more about ANT Consulting or contact our lawyers and consultants in Vietnam for advice via email or call our office at +84 28 730 86 529

Contact us to schedule your complimentary consultation.

We are available at offices in central of Hanoi, Ho Chi Minh City and Da Nang that help cover through out Vietnam.