Vietnam Tourism Report 2020-2021 | RO Market Report (2023)

FAQs

How many tourists visited Vietnam in 2020? ›

Vietnam recorded a total of four million tourists in 2020, ranking 47th in the world in absolute terms. The fact that larger countries regularly perform better in a comparison of the absolute number of guests is obvious.

In 2020, 2.40 billion international tourists traveled to other countries worldwide. The U.S. also enjoyed a handsome 45.04 million foreign visitors, resulting in around $84.21 billion in revenue and third place in the global rankings. The top place was taken by France with 117.11 million tourists.

Vietnam's tourism website is now fourth in the region, only after Singapore, Indonesia and Thailand. Insiders said the outstanding increase shows Vietnam's attractiveness in the eyes of international tourists.

Vietnam's tourism sector is an important pillar of the country's economic development, contributing six percent to Vietnam's GDP.

Pakistan was on Saturday named the top holiday destination for travellers for the year 2020 by the United States-based luxury and lifestyle publication Conde Nast Traveler.

Vietnam's main industries are: textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14.8 percent of GDP and employed 38 percent of the total workforce in 2021, according to the World Bank.

The economy of Vietnam is a mixed socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022.

How much revenue does Vietnam generate from tourism? ›

Since reopening its borders and lifting most Covid restrictions, Vietnam has earned revenues of US$16.5 billion from tourism, a senior official said.

Travel and tourism accounted for 6.1 percent of the global gross domestic product (GDP) in 2021, denoting an increase over 2020 but not catching up with the figures reported prior to the coronavirus (COVID-19) pandemic.

Food and beverage processing is the largest industrial activity in Vietnam. Seafood is processed for export, while coffee and tea are processed both for export and for domestic consumption.

Globally, travel and tourism's direct contribution to GDP was approximately 5.8 billion U.S. dollars in 2021.

As an American, you need not worry about your nationality when traveling to Vietnam. However, there are tips about local culture that you should pay attention to during your trip.

In the northern city of Hanoi, you can find many teachers. There are also American expats who fought in the war sprinkled all over the country. There are an estimated 100,000 expats living overseas in Vietnam.

According to Vietnam's Ministry of Labor, Invalids, and Social Affairs, there were roughly 83,500 expats in Vietnam in 2019.

United States - 79.3M. China - 65.7M. Italy - 64.5M. Turkey - 51.2M.

What are the top 5 visited countries in the world? ›

Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.17%, resulting in a projected market volume of US$215.70bn by 2027. The market's largest segment is Hotels with a projected market volume of US$106.10bn in 2023. In the Hotels, the number of users is expected to amount to 160.60m users by 2027.

More than 50 million visitors travel to New York City every year making it the number one tourist destination in the USA. New York City is known for its diverse culture and world-renowned attractions.

Perhaps unsurprisingly, the smallest Pacific nation is the world's least visited country. Nauru is just 21 square kilometres, taking just 30 minutes to drive around the entire kidney-bean shaped island, or it can be walked in less than a day.

Who is the world's most populated country according to the world population review 2023? The world is the most populated country is the India according to the world population review 2023.

Industry makes up 37.86% of Vietnam's GDP. The sector employs around 11.3 million people, making it the second-largest employment sector in the country. The country's coal, hydrocarbons, electricity, cement, and steel industries have recently boomed while oil production became the third-largest in Southeast Asia.

Largest companies by market capitalization Vietnam 2022

As of November 2022, Vietcombank, also known as the Joint Stock Commercial Bank for Foreign Trade of Vietnam, was the leading company in Vietnam based on market capitalization, with a market capitalization of around 363 trillion Vietnamese dong.

What is the most popular product in Vietnam? ›

Luxurious silk is one of the most popular items to buy in Vietnam.

Alaska, the third least populated state, tops the list, having only been visited by 13% of Americans. Alaska is followed by North Dakota, Idaho, Montana, and Nebraska.

Vietnam is now defined as a lower middle income country by the World Bank.

So what is keeping Vietnam's economy humming along and its growth numbers positive? There are three key factors: infrastructure investment, its trade environment, and competitive wages.

HANOI: Vietnam's economy was one of the best performing in Southeast Asia last year, but fears of a global recession weigh on the export-dependent nation. The country's economy rebounded in 2022, as it recovered from the impact of the COVID-19 pandemic.

Tourism has expanded, manufacturing and export earnings have increased, and the per capita gross domestic product (GDP) has grown rapidly. GDP growth statistics report states that Vietnam is the fastest growing world economy with a growth rate of 7.31% in 2019.

As a tourism destination that is growing in importance and market share, the tourism industry is one of Vietnam's most important service industries.

Manufacturing, which grew 8.1% during the year, was the main driver of economic growth, according to Nguyen Thi Huong, head of Vietnam's General Statistics Office. Strong improvement in services also supported growth.

What percentage of GDP is tourism in USA? ›

The U.S. travel and tourism industry generated $1.9 trillion in economic output; supporting 9.5 million American jobs and accounted for 2.9% of U.S. GDP. At 14.5% of international travel spending globally, international travelers spend more in the United States than any other country.

The Vietnamese tourism sector has set a target to serve 65 million visitors in 2022, including five million foreign visitors and 60 million domestic tourists, and revenue of about VND400 trillion ($17.5 billion).

In 2021, Vietnam welcomed almost 57.7 thousand Chinese tourists, making China the leading nationality of foreign visitors to Vietnam. Korea ranked second with more than 32.5 thousand visitors in the same year.

Tourism in Japan. Japan recorded a total of four million tourists in 2020, ranking 43rd in the world in absolute terms.

International Arrivals:

In 2021, international arrivals to the United States totaled 22.1 million. This was +15% from 2020 (19.2 million) and -72% from 2019 (79.4 million).

Two of the most popular neighbourhoods with English-speaking expats include Tay Ho in Hanoi and Binh Thanh in Ho Chi Minh City. Once you are a bit more settled, you might find life in other cities appealing, especially those on Vietnam's beautiful coast.

The most signification concentrations of Vietnamese Americans are located in the states of California, Texas, Washington and Virginia. In fact, 40 percent of all Vietnamese Americans resides in California, where they make up the third largest Asian population in the state.

Which country Americans visit the most? ›

The most popular destination for U.S. resident travellers in 2019 is Mexico, with 39.3 million visitors. The travel and tourism industry was the largest services export in 2019, producing a trade surplus of $53.4 billion in.

With an estimated 10 million visitors to New York City every year, this is indisputably the most visited city in the US.

In 2021, Japan welcomed approximately 42 thousand visitors from China. In terms of visitor distribution by nationality, Chinese tourists were the most numerous foreign visitors, followed by South Korean and Taiwanese visitors.

France. Welcoming more than 89 million visitors per year, France is the most visited country in the world.

This statistic shows the leading city destinations in the United States in 2020, by number of international arrivals. New York was the leading city destination in the U.S. in terms of international arrivals with approximately 5.42 million visitors from foreign countries in 2020.