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Explained: The Slow Recovery of Vietnam’s Tourism Industry

While Vietnam’s regional tourism peers have rebounded to around 25 percent of their pre-pandemic tourist trade in 2022, Vietnam has fallen behind. This article explores the reasons why, what could happen next, and how foreign companies could potentially benefit.

As soon as it became clear that COVID-19 wasn’t just another cold but rather the makings of a devastating pandemic, Vietnam closed its borders. In fact, it was one of the first countries to make the move but was quickly followed by many others.

This was succeeded by a snap lockdown. Flights were grounded, restaurants were shut, and tourist hotspots like Hanoi’s Turtle Lake and Ho Chi Minh City’s Beer Street were closed for business.

But whereas that first initial lockdown was only brief for most businesses – in some places just a few weeks – for the tourism sector it was the start of a long period of layoffs, bankruptcies, and financial pain that has still not come to an end.

So what happened? How did it happen? What’s next? And where are the opportunities for foreign firms?

There was a pivot to domestic tourism

When the cities opened up again after that first, brief initial lockdown, the tourism landscape had changed considerably. With foreign tourists out of the equation, Vietnam’s tourism enterprises swiftly shifted their focus to domestic travelers.

But the Vietnamese do not travel like their foreign counterparts. Most notably, they have an average spend of about US$49 a day whereas foreign tourists typically spend more than double that – at an estimated US$117/day.

Furthermore, not only do Vietnamese tourists spend less, they also speak the native language and have an in-depth understanding of the locations they visit. This means that cultural traditions and practices that are a novelty for foreign tourists are just a normal part of everyday life.

As a result, the tourism sector had to pivot.

Specifically, with international arrivals more or less gone, foreign language skills, which had been a huge selling point for Vietnam’s tourism workers, were no longer needed.

This was, however, somewhat serendipitous. While tourism was in decline, cross-border digital services were on the way up. Technology companies in Vietnam were making bank selling video games, mobile phone applications, and a broad range of software online to people in lockdown all around the world. And, as their operations scaled up, so too did their customer service teams – and this meant hiring vast numbers of workers with foreign language skills.

At the time, this was somewhat fortuitous as it meant employers could avoid laying off workers, and workers were not out of work for too long. However, as the pandemic persisted and many tourism workers found new career paths, there was a risk of losing a generation of workers along with a huge volume of institutional memory.

Changes in immigration policy

But as the tourism sector was shrinking, another challenge was emerging.

An overhaul of Vietnam’s immigration policy was taking place and a number of key changes were being made affecting access and mobility.

Before COVID, most tourists passed through immigration either visa-free if they were from one of 25 countries that were permitted to do so, or with an e-visa valid for 30 to 90 days that they could get online.

During COVID-19, however, 90-day tourist visas were effectively done away with (except for people on package tours). Moving forward, tourists would need to apply to extend their visa if they wanted to stay for longer than the prescribed 30 days.

It is not exactly clear what the motivating factor was behind this change; ostensibly, it was a move to get foreigners in Vietnam onto the correct visas – before the pandemic it had been common for foreign workers to stay in the country on 90-day tourist visas, which they would renew by completing day-trips to Bangkok every three months.

With borders closed, however, it was difficult to ascertain the impact these changes would have. As a result, when they came into force in July of 2020, they passed by mostly unnoticed, hidden behind Vietnam’s border restrictions.

Attempts to open up in 2021

Early on in 2021, COVID-19, which had been remarkably contained for over a year, finally got its hooks into Vietnam, ravaging Vietnam’s cities, and sounding the death knell for many tourism businesses.

By the end of 2021, an estimated 90-95 percent of tourism businesses had closed their doors for good or had changed their core operations – the tourism sector was bleeding out.

But there was hope. Vaccinations rates were rising and a pilot program ‘travel bubble’ had been approved for the island of Phu Quoc off the south coast of Vietnam. In November, 209 Korean tourists would arrive at the island for a four-day, three-night package holiday – complete with COVID-19 safeguards.

But this was just a drop in the ocean when it came to the US$32 billion dollar tourism revenue hole created by the pandemic.

For the sector to be revived, travel restrictions would need to be done away with in their entirety.

That said, at the beginning of 2022, the dark clouds started to part for Vietnam’s tourism industry when on February 14, the decision was made to reopen Vietnam to tourism a month later, on March 15. The sigh of relief from the tourism industry was almost audible.

This optimism, however, was to be short-lived when just 10 days later Russia invaded Ukraine.

Russian sanctions hit Vietnam’s tourism industry

Vietnam’s tourism sector is heavily reliant on a few key locations, which are often frequented by specific nationalities. As a result, the absence of Russian travelers was expected to have a concentrated impact, rather than a significant one.

In coastal towns like Nha Trang, most signage, including menus and price lists, is written in Russian followed by English. Russian tourists have been a significant source of revenue for Vietnam’s coastal tourist towns, especially during the winter months when they seek warmer climates. There are also long standing ties from Russia’s Soviet days.

However, due to the global banking system’s exclusion of Russia and the country’s struggling economy under sanctions, holidaying abroad was becoming increasingly difficult and costly for Russians. Flights between Vietnam and Russia were also suspended, forcing Russian tourists to transit through third countries, making travel to Vietnam more expensive.

China maintains COVID-zero policy for most of 2022

But while the missing Russian tourists undoubtedly had an impact, it was the absence of Chinese tourists that would really hold Vietnam’s tourism sector back.

For most of 2022, Vietnam’s neighbor to the north stubbornly refused to reopen its borders, cutting off Vietnam’s biggest source of foreign tourists – in 2019, Chinese visitors accounted for more than a quarter of Vietnam’s international arrivals.

As a result, when borders finally reopened on March 15, the festivities were somewhat muted – Vietnam’s tourism sector was not out of the woods yet and would continue to struggle for some time to come.

One year later…

The response to Vietnam’s reopening from the international traveling community was lackluster at best. Despite heavy discounts on accommodation and flights, the rising dragon struggled to breathe life back into its tourism industry.

In 2022, Vietnam welcomed just 3.6 million tourists, around 18 percent of its pre-pandemic 19 million. For contrast, Thailand received 10 million tourists, 25 percent of its 2019 traffic (which was 40 million), and Indonesia counted 4.6 million guests, just over 28 percent of the 16 million arrivals it received in 2019.

Visa reform has been touted as one way to give the sector a much-needed boost. This has been acknowledged by the authorities. The Vietnamese government, last week, announced it would submit to the National Assembly a draft law that would extend visa-free periods to 30 days and bring back three-month tourist visas. The logic being that the longer tourists stay in Vietnam, the more money they spend.

China has also reopened its borders to select countries and Vietnam has made the list.

Russia, however, is another kettle of fish. Vietnam welcomed less than 40,000 Russian tourists in 2022 well below the pre-pandemic 650,000 it received in 2019. When these numbers will return to normal will depend on external factors well beyond Vietnam’s control.

That said, Vietnam will still have to deal with internal factors, including deep-seeded sustainability issues, in order to future proof its tourism sector.

In 2021, Euromonitor International ranked the Southeast Asian nation 96th out of 99 on its tourism sustainability index . Litter on Vietnam’s beaches and water pollution are becoming increasingly off-putting to foreign visitors.

This may be partly why its rate of return among tourists is relatively low. Just 5 percent of tourists return to Vietnam ; by comparison, in Thailand, that figure is around 50 percent. This will need to be addressed in the future to ensure the long-term survival of the sector.

For now, however, an air of optimism has returned once more, with the aforementioned visa changes and China’s reopening expected to give the sector the sorely needed leg-up it’s crying out for.

Opportunities for foreign investors

The economic cost of prolonged border closures is still weighing heavily on the tourism sector. The local media is filled with stories of hotels up for sale as owners struggle to make ends meet .

Famously, Vietnam’s ‘Gold Hotel’ (the Dolce by Wyndham) is up for grabs. Though it’s hoped that the hotel in Hanoi will bring its owners the hefty price of US$200 million, this is on the more expensive side and there are much lower priced options out there.

In coastal cities like Danang, almost finished construction projects stand dormant with developers out of money. Existing businesses are also cash starved and keen to restructure into joint-ventures. This may be a good opportunity for foreign hoteliers to enter the market at a discount.

Hospitality, restaurants, and bars have also gone in many places amid the dwindling demand. Investors who have the resources to wait could consider entering the market now and ride the wave of recovery when it inevitably comes.

Foreign tour operators might also consider this the ideal opportunity to try running tours to the Southeast Asian nation. With excess capacity in hotels and tourist services, heavy discounts may be on offer. They may also find the pre-COVID crowds vastly diminished offering visitors a somewhat calmer and more unique experience.

On that note, firms that wish to find out more about or gain access to these opportunities should contact industry advisors at Dezan Shira and Associates .

The future of Vietnam’s tourism sector

Vietnam’s tourism industry saw 2.69 million tourists in the first quarter of 2023, representing 33 percent of its targeted 8 million international arrivals by the end of the year. This has contributed around US$6.85 billion in revenue from accommodation and catering services.

While these numbers are still below pre-pandemic levels, the country is off to a promising start. The tourism sector appears to be responding well to global economic challenges, although it is starting from a relatively low point.

Moving forward, it is essential for the industry to continue its sustainable and resilient recovery. This will not only benefit the economy, but also ensure that foreign visitors can enjoy Vietnam’s tourist attractions for years to come.

Vietnam Briefing is published by  Asia Briefing , a subsidiary of  Dezan Shira & Associates . We produce material for foreign investors throughout Eurasia, including  ASEAN ,  China ,  India ,  Indonesia ,  Russia  & the  Silk Road . For editorial matters please contact us  here  and for a complimentary subscription to our products, please click  here .

Dezan Shira & Associates  provide business intelligence, due diligence, legal, tax and advisory services throughout the Vietnam and the Asian region. We maintain offices in Hanoi and Ho Chi Minh City, as well as throughout China, South-East Asia, India, and Russia. For assistance with investments into Vietnam please contact us at  [email protected]  or visit us at  www.dezshira.com

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Vietnam Tourist Arrivals

International arrivals to vietnam increased by 64.1% year-on-year to 1.53 million in february 2024, following a 73.6% rise in the previous month. visitors from asia climbed by 71.3%, mainly led by china (437%), south korea (41.5%), japan (28.6%), and taiwan (94%). additionally, arrivals from america grew by 16.2%, specifically from the us (15%); while those from europe rose by 67.5%, particularly from russia (64.9%), the uk (28.8%), france (26.1%), and germany (43.1%). moreover, tourists from australia and africa increased by 28.9% and 99.2%, respectively. for the first two months of the year, tourist arrivals in the country advanced by 68.7% to 3.0 million. source: general statistics office of vietnam, tourist arrivals in vietnam increased to 1531.41 thousand in february from 1512.31 thousand in january of 2024. tourist arrivals in vietnam averaged 795.29 thousand from 2015 until 2024, reaching an all time high of 1994.10 thousand in january of 2020 and a record low of 7.20 thousand in june of 2021. this page provides - vietnam tourist arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news. vietnam tourist arrivals - data, historical chart, forecasts and calendar of releases - was last updated on march of 2024., tourist arrivals in vietnam increased to 1531.41 thousand in february from 1512.31 thousand in january of 2024. tourist arrivals in vietnam is expected to be 1300.00 thousand by the end of this quarter, according to trading economics global macro models and analysts expectations. in the long-term, the vietnam tourist arrivals is projected to trend around 1600.00 thousand in 2025, according to our econometric models.,   markets,   gdp,   labour,   prices,   money,   trade,   government,   business,   consumer,   taxes,   health,   climate.

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Vietnam Tourism 2023 – A year of remarkable recovery and achievements

Vietnam - Halong Bay

Vietnam’s tourism made an impressive recovery in 2023, marked by open visa policies, global recognition, and record-breaking visitor numbers. Explore the key highlights of this remarkable year.

The year 2023 has proven to be a turning point for Vietnam ‘s tourism industry, marking a remarkable recovery and significant achievements. This article reviews the key events and milestones in Vietnam’s tourism sector over the past 12 months, highlighting the efforts made to restore and develop sustainable tourism in the country.

January, 2023

Vietnam_January

  • Initiatives to Attract Chinese Tourists: A conference in Quang Ninh discussed strategies to attract Chinese tourists to Vietnam and enhance the quality of services catering to their needs.
  • Tet Holiday Boom: Domestic tourism saw an explosive growth during the Tet holiday, with a record-breaking 13 million visitor trips.

February, 2023

Vietnam_February

  • ASEAN Tourism Forum Participation: Vietnam actively participated in the ASEAN Tourism Forum (ATF) 2023 and TRAVEX 2023 in Indonesia, fostering tourism cooperation among ASEAN member nations.
  • Digital Transformation Guide: The Tourism Information Technology Center launched a new version of the Digital Transformation Guide, emphasizing awareness and unified action in the tourism industry.

March, 2023

Vietnam_March

  • National Conference on Tourism: The Prime Minister chaired the 2023 National Conference on Tourism, evaluating the progress of Vietnam’s fully reopened tourism and proposing innovative solutions for accelerated development.
  • ITB Berlin 2023: Vietnam made a strong presence at the International Tourism Exchange ITB Berlin 2023, reaffirming its commitment to global tourism recovery.
  • Visit Vietnam Year 2023: The opening ceremony of “Binh Thuan – Green Tourism Comes Together” marked a pivotal moment in the nationwide recovery of Vietnamese tourism.

April, 2023

Vietnam_April

  • Cultural Festival and VITM Hanoi: Vietnam celebrated its culture and culinary heritage at the Vietnam Culture – Culinary Festival 2023 in Quang Tri. Meanwhile, VITM Hanoi 2023 focused on “Cultural Tourism” to showcase Vietnam’s rich cultural heritage.
  • Netflix’s “A Tourist’s Guide to Love”: The premier of this show showcased the beauty of Vietnam, earning global recognition and acclaim.

Vietnam_May

  • Government Resolution: The government issued Resolution No. 82/NQ-CP, outlining key tasks and solutions to accelerate tourism recovery and sustainable development.
  • Holiday Surge: During the Hung King Festival, Reunification Day, and International Labour Day, Vietnam served 7.3 million visitors, including 300,000 international arrivals, marking a 40% increase compared to 2022.

Vietnam_June

  • UNWTO Cooperation: Vietnam’s business delegation attended the 35th Joint Meeting of the UNWTO Commission for East Asia and the Pacific and the UNWTO Commission for South Asia, fostering cooperation and sharing solutions for tourism development and recovery.
  • MICHELIN Recognition: 103 restaurants in Hanoi and Ho Chi Minh City received prestigious MICHELIN awards.

Vietnam_July

  • Celebrating Tourism Milestone: Vietnam commemorated the 63rd anniversary of its Tourism Industry establishment.
  • Official Launch of VNAT: The Vietnam National Authority of Tourism (VNAT) officially commenced operations, further bolstering the country’s tourism efforts.
  • ASEAN Meetings: Vietnam actively participated in the 58th Meeting of ASEAN NTOs in Malaysia and the 43rd Meeting of ASEAN+3 NTOs, seeking solutions to promote tourism within ASEAN and with China, Japan, and South Korea.

August, 2023

Vietnam_August

  • E-Visas and Visa Exemptions: Vietnam introduced e-visas for citizens of several countries, extending the temporary stay duration to 45 days for citizens of 13 nations.
  • Culinary Map and Bilateral Agreement: Vietnam launched the Vietnamese Culinary Map and signed a bilateral visa exemption agreement with Kazakhstan.
  • Asia’s Leading Awards: Vietnam Tourism received 54 prestigious titles at the World Travel Awards Asia & Oceania Gala Ceremony 2023.

September, 2023

Vietnam_September

  • World Tourism Day: Vietnam actively participated in World Tourism Day 2023, focusing on “Tourism and Green Investments.”
  • ITE HCMC 2023: The 17th International Travel Expo in Ho Chi Minh City centered around “Connectivity, Growth, Sustainability” and emphasized digital transformation in tourism.
  • Culinary Map Record: The online Vietnamese Culinary Map received a Vietnam Record and the Book of Records from the Vietnam Record Association.

October, 2023

Vietnam_October

  • Tourism Cooperation with Saudi Arabia: Vietnam signed an “Action Programme in the Field of Tourism” with the Ministry of Tourism of Saudi Arabia.
  • UNWTO General Assembly: VNAT attended the 25th session of UNWTO General Assembly in Uzbekistan.
  • Rural Tourism Promotion: A dedicated website for promoting rural tourism was introduced to encourage rural development.

November, 2023

Vietnam_November

  • Prime Minister’s Conference: The Prime Minister chaired a conference to emphasize the importance of tourism development in the overall socio-economic context.
  • International Promotion: Vietnam promoted tourism in France and European markets and hosted the 17th UNWTO Asia/Pacific Executive Training Programme on Tourism Policy and Strategy.

December, 2023

Vietnam_December

  • Tourism System Planning: Deputy Prime Minister Tran Hong Ha led a meeting to appraise the Tourism System Planning for 2021 – 2030.
  • Visit Vietnam Year Closing: The Visit Vietnam Year – Binh Thuan 2023 concluded, passing the flag of hosting the Visit Vietnam Year 2024 to Dien Bien Province.
  • Impressive Year-End Statistics: Vietnam tourism closed 2023 with 12.6 million international visitor arrivals, exceeding expectations and contributing significantly to the country’s economic growth.

Vietnam’s tourism industry has not only rebounded strongly in 2023 but has also achieved remarkable success and recognition on the global stage. The country’s commitment to sustainable development and innovation in the sector is evident in its diverse initiatives and achievements throughout the year. As Vietnam continues to strengthen its position as a leading tourism destination, it remains poised for further growth and success in the years to come.

vietnam tourism rate

Theodore Koumelis

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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25/01/2023   14:44 (GMT+07:00)

Vietnam’s tourism forecast to strongly rebound in five years

In 2024, vietnam's tourism revenues are expected to reach us$11 billion, which will surpass the pre-pandemic amount of $10.8 billion in 2019..

vietnam tourism rate

Vietnam’s tourism industry is forecast to strongly grow in the coming five years, with more than 22 million foreign visitors and total revenue of US$13.2 billion.

The prediction was made by Fitch Solutions’ latest report. 

“It’s a rosy outlook for a country that’s heavily dependent on international travelers and their spending,” the report noted. 

The British market research firm reckoned that by 2024, revenue from tourists in Vietnam is expected to reach $11.1 billion, which will surpass the pre-pandemic levels of $10.8 billion in 2019.

The report is based partly on positive Vietnam’s tourism performance last year, local insiders said.

Stronger breakthroughs 

The year 2022 marked the spectacular return of the tourism industry after a long period of impacts from Covid-19. Revenue from tourists was estimated at VND495 trillion ($20.9 billion), up 23% from the year's plan and equivalent to 66% of the 2019 amount, according to the Vietnam National Tourism Administration (VNAT).

This year, the country aimed to welcome 110 million visitors, including 102 million domestic visitors and eight million foreign arrivals. Its revenue is estimated at VND650 trillion ($27.5 billion).

To reach the goal, the sector will continue to restructure regional linkages that connect Vietnam with other countries in the region, ensuring synchronization, sustainability and international integration, attaching importance to linkages between the tourism industry and other sectors in the value chain, forming diverse and unique tourism products on the basis of historical values, culture, and typical natural conditions.

The sector will also focus on promoting the construction and development of new tourism products, and nighttime activities, contributing to positioning the national tourism brand.

The Vietnamese tourism sector will focus on exploiting traditional tourism markets, refining policies to facilitate the entry, exit and movement of international tourists, and creating conditions for domestic and foreign airlines to open new routes and directly connect Vietnam to key and potential tourism markets. 

In addition, it will improve policies, including supporting small and medium-sized enterprises and tourism business households to acquire new technologies, digital skills and access to finance. 

VNAT Deputy Director General Ha Van Sieu said that despite forecasts of a positive outlook for 2023, the tourism sector continues to face difficulties, namely the downturn of the global economy, increased risks of financial instability, currency, public debt, energy and food security. Meanwhile, Vietnam's current visa policy is less competitive than other countries in the region.

As one of Vietnam's largest travel agencies, Saigontourist also had the same concern. However, the company is optimistic about the prospects for 2023, saying the year will be very active in terms of tourism activities, especially in the inbound segment.

Mai Thuy Hang, deputy general director of Sun Group, believed Vietnam has many advantages for tourism recovery and spectacular growth in 2023. Recently, the number of travelers from India to Vietnam increased significantly, promising continued growth in 2023, she added. "The tourism industry will experience a strong breakthrough this year in terms of domestic and foreign arrivals," she said.

Hanoi with highlights

Contributing to the impressive rebound of the whole sector, Hanoi tourism has defined its missions and recovery plans.

Director of the Hanoi Department of Tourism Dang Huong Giang stated that one of the key tasks of the tourism sector is to focus on planning and investing in infrastructure development in a professional, modern and environmentally friendly manner.

She added the department has actively collaborated with embassies and Vietnam's missions abroad to organize tourism promotion programs, such as JATA Tourism Expo Japan and IFTM [International and French Travel Market] Top Resa, the multi-purpose trade show for tourism and travel in France.

At the same time, the city will implement reciprocal tourism promotion programs to member countries under the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific (CPTA), Tourism Promotion Organization for Asian-Pacific Cities (TPO), and the Lancang-Mekong Tourist Cities’ Alliance, according to the department.

Giang said another issue of focus is human resources. Accordingly, the department has worked with training facilities to improve manpower at three levels including state management, corporate governance, and workers with the application of national standards and international standards as well.

In 2023, the city is expected to welcome 22 million arrivals, a surge of 17.6% on year. Among them, the number of domestic visitors would be about 19 million, up 10.5% from 2022.

Tourism revenue is expected to hit VND77 trillion (US$3.26 billion), an annual rise of 28.2%. The average occupancy rate of accommodation establishments and hotels would reach 45%, up 5% year-on-year.

To achieve the target, Hanoi has focused on implementing a plan to improve the quality of tourism products and places of interest associated with heritage, relics, and handicraft villages in districts and towns with an emphasis on four main itineraries, including those from the city center to Bat Trang pottery village of Gia Lam District, Huong Son of My Duc District, the districts of Thach That, Quoc Oai, Son Tay, and Ba Vi. 

The municipal Department of Tourism plans to launch a series of events such as the Hanoi Tourism Program to welcome the Lunar New Year in January 2023, the Hanoi Tourism Gift Festival in the second quarter of this year, and the Hanoi Ao Dai Festival in the fourth quarter.

In addition, it will promote cooperation with key provinces and cities in the Northern region, Ho Chi Minh City, and Southern provinces, the Central Highlands region for more attractive programs. It will also organize a series of promotion activities in key markets, including Northeast Asia, France, European countries, the US, and India.

Hanoi welcomed 18.7 million domestic and international visitors in 2022, including 1.5 million international tourists and 17.2 million domestic travelers. The arrivals in 2022 soared 4.7 times over 2021 and equal to 64.7% of 2019. Its revenues were estimated at VND60 trillion ($1.9 billion), 5.3 times higher than the previous year.

Source: hanoitimes

  • Tourism-aviation cooperation needed for new tourism products
  • Mekong Delta provinces to focus on community-based tourism in 2023

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Tourism reopening, foreign travelers.

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Vietnam: Outlook for U.S. Travel & Tourism

With a population of more than 97 million people, Vietnam was the world’s 15th most populous nation in 2020.  Its population is projected to reach 120 million by 2050.

Vietnam’s economy has been badly affected since the pandemic.  However, recent statistic indicates that in 2020, Vietnam’s GDP growth rate was 2.9 percent.  While other ASEAN countries’ GDP growth rates were mostly negative, Vietnam is one of the rare countries, in the region, that maintained a positive growth rate (Table 1).

Table 1 - ASEAN countries’ GDP Growth in 2020 (Source: World Bank)

Despite the COVID-19 pandemic, Vietnam’s middle class is emerging and currently accounts for 13 percent of the population and is expected to reach 26 percent by 2026.  The heightened growth rate of Vietnam’s middle class is one of many promising signs for the U.S. travel & tourism industry as the local population is willing to spend money on international travel.

Data on Vietnamese Visitors to the U.S.

Before COVID-19, the number of Vietnamese visitors to the U.S. grew yearly at an average rate of 8 percent.  However, the pandemic hit global tourism hard, as Vietnamese visitors to the U.S. plunged 84 percent, compared to 2019 (Table 2).

Table 2 - Number of Vietnamese visitors to the U.S. from 2016 to 2020 (Source: U.S. Department of Commerce, ITA, National Travel and Tourism Office)

The increasing number of Vietnamese visitors to the U.S. between 2016 and 2019 indicates that there is potentially a booming U.S. travel & tourism trend for the local population as the world gradually recovers from the pandemic.

Consumer Attitudes Toward Traveling

Vietnamese consumers are generally optimistic about the economy, despite the ongoing COVID-19 pandemic.  Moreover, Vietnamese are willing to travel and would like to spend more time on their vacation after being fully vaccinated.  Thus, the U.S. travel & tourism should anticipate and prepare accordingly for Vietnamese travellers when the world’s doors reopen.

Resumption of International Flights

The Government of Vietnam has imposed tight border controls since the start of the pandemic.  In November 2021, Vietnam’s Civil Aviation Authority of Vietnam (CAAV) publicly released ( on its website in Vietnamese ) its tentative four phase plan to resume both domestic and international flights.  The Government of Vietnam and airlines are the entities who administer Vietnam’s quarantine and vaccination requirements. 

Inaugural Direct Flight  

On November 28, 2021, Vietnam Airlines will operate first ever direct passenger flight between Vietnam and the United States, departing Ho Chi Minh City and arriving in San Francisco.  There will be a return flight from San Francisco International Airport (SFO) to Ho Chi Minh’s Tân Sơn Nhất Airport the following day.  Vietnam Airlines has plans to make these flights regular, possibly biweekly, but all plans are subject to change. 

Meanwhile, Vietnam Airlines’ local competitor Bamboo Airways has ambitious plans to also establish direct commercial flights between Vietnam and the United States.

For more information, please contact Ms. Ngan Thai – Commercial Assistant at [email protected]  (Hanoi Office) or Ms. Huong Nguyen – Commercial Assistant at [email protected] (HCM Office).

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Vietnam Tourism Market

Vietnam Tourism Market by Direct Suppliers, Indirect Suppliers, Number of Bookings & Region | Forecast 2023 to 2033

Market Insights on Vietnam Tourism covering sales outlook, demand forecast and up-to-date key trends

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Vietnam Tourism Market Outlook

As per the latest findings of Future Market Insights, Vietnam tourism revenue is expected to be US$ 27,500 Million by the end of 2023. In the long-term, the tourism is estimated to reach at around US$ 135,000 Million in 2033.

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2018 to 2022 Vietnam Tourism Market Outlook Compared to 2023 to 2033

Over the years Vietnam’s economy has evolved from an agriculture-based economy to service sector dependent wherein tourism services are leading the market in modern times. There has been a significant increase in the number of international arrivals since a few years. This led the stakeholders to take grave actions such as bring in more foreign exchange in the country.

Vietnam not only features stunning landscape, but it also has ideal weather for outdoor pursuits, like kayaking and trekking as well as water sports. Vietnam never disappoints tourists and possesses several promising features such as the winding roads and lovely landscape.

In Vietnam, there are lots of bright days and beautiful beaches. Due to its lengthy coastline, Vietnam has several beautiful beaches, including Ha Long Bay in the north, a UNESCO World Natural Heritage site with turquoise waters and limestone mountains. Visitors should also tour a number of unspoiled islands, such as Phu Quoc, which is half national park and boasts lovely white sand beaches.

Travel restrictions enforced on both domestic and international tourists had a significant negative impact on Vietnam's tourism, as they did for many other nations.

What are the Driving Factors Boosting the Vietnam Tourism Market?

Low-cost Destinations are a Major Attraction for the Tourists

Vietnam, a country full of exotic locations including places such as mountains, beaches and natural landscapes. Due to the increase in consumer’s disposable income, tourist locations such as Vietnam have witnessed an increase in the visitor count. Vietnam is extremely inexpensive which makes it affordable for the domestic as well as international travelers thereby promoting tourism. For instance, one US dollar is approximately 22,000 Vietnamese Dong. This makes all the luxury hotels, food and internal travel relatively cheaper for the residents of foreign country.

Furthermore, yet another factor boosting the Vietnam tourism market is the visa application process. Tourists from many countries such as South Korea, Japan etc., enjoy an exemption in visa for a period of 15 days. In US and Australia, the visa application process is comparatively simple. Thus, tourists all across the globe prefer Vietnam over rest of the places.

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What are the Key Factors Affecting Vietnam Tourism Market Adversely?

Lack of Proper Infrastructure Facilities Has a Negative Impact on the Growth of the Sector

Even though the market for tourism is booming and recovering post pandemic, there are still many loopholes that obstruct the development of this sector. Tourism is extremely crucial for the economic growth of the country, contributing to the associated infrastructural developments. Poor infrastructure, inappropriate laws, lack of investment hampers the growth of the Vietnamese Tourism Market. However, the government’s strategy for development in 2020, with a view of 2030 focuses on removing this barrier and create an increasing share of the nation’s GDP. Thereby, accelerating the social as well as economic developments. Efficient utilization of resources and facilities will definitely improve the current position of the country.

What are the Emerging Trends in Vietnam Tourism Industry?

Government Policies and Rapidly Expanding Market Will Encourage Tourism During the Forecast Period

The travel and tourism industry in Vietnam is anticipated to expand at a significant rate between 2023 and 2033. The market's expansion can be linked to the government's encouraging policies for promoting tourism in the nation and the rising use of alluring marketing and promotional tactics by market participants. The Vietnam travel & tourism business is also being aided by increased market competitiveness and robust economic growth.

Local authorities, online travel providers, hotels, and airlines can collaborate to promote emerging destinations in order to boost local tourism. Outdoor tourism including mountains, beaches was one of Vietnamese tourists' top choices when the lockdown restrictions were lifted. With changes to international travel and immunization regulations, the travel and tourism sector is projected to see growth possibilities during the projection period. Spending on the business travel is expected to reach VND 353,007.0 billion by the end of 2026 whereas during the same duration the leisure travel will be valued at VND 669,906.0 billion in 2026.

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Category-wise Insights

What tourist type has contributed most to the vietnam tourist market.

Domestic Travelers Constitute a Major Part of this Segment

The Domestic travelers dominated the market for various tourism activities. Vietnam's economy significantly depends on domestic travel to bring in considerable amounts of money, and tourism is one of the country's major revenue-generating industries. Because of increased consumption expenditure by consumers and the introduction of alluring and reasonably priced vacation packages by market players, domestic travel is anticipated to expand significantly and recover quickly after the pandemic.

Which Group is More Likely to Travel Overseas?

Middle-aged Like to Travel the Most Followed Closely by the Young Generation

Vietnam which is well known for its national parks, exotic culture, heritage sites and beaches attracts most of the adult population from various parts of the world. The age group between 26-35 years old is most likely to possess a major share of the travelers. Majority of these visitors plan their own trips to new, budget-friendly locations. While the crucial factor affecting tourism for the designated age group is the natural beauty and the soothing beaches, recent findings also conclude that they are attracted to the unique, exotic culture and customs as well.

Which Booking Channel do Tourist in the Market Prefer?

Online Booking Channels Lead the Booking Channel Segmentation

Travelers enjoy their vacations, but for many, it becomes a tedious task due to the planning strategies. Before buying travel tickets, lodging, tours, or any other additional services, it typically takes a lot of time and effort to research and make the accurate selection. But there's no denying that the existence of internet travel agents has surely given customers access to more options while simultaneously reducing the time consumed. Thus, bookings directly through the website of the service provider, travel agencies, telephone etc, are in-scope and facilitate tour and travel services in this region.

Comparative Landscape

Market participants are engaging in utilizing the internet sales platform to expand their client base. The availability of compelling mobile devices and websites that provide consumers with attractive vacation packages and round-the-clock customer service to address customer issues is also contributing to the expansion of Vietnam travel and tourism market.

Some of the key players in the Vietnam tourism market are Viet Vision Travel, Lily’s Travel Agency, Hello Laos Travel, Amazing Tour Vietnam, Green Era Travel, Get Up and Go Vietnam Travel Company, Exodus Travels, Three land Travel, Vietnam Adventure Tours etc.

Scope of Report

Vietnam tourism market by category, by direct suppliers:.

  • Hotel Companies
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • OTA (Online Travel Agency)
  • Traditional Travel Agencies
  • TMC's( Travel Management Companies)
  • Corporate Buyers
  • Aggregators

By Visit Purpose:

  • Business Travel
  • Leisure Travel
  • Education-Employment-Pilgrimage
  • Visiting Friends & Relatives

By Demographic:

By nationality:.

  • International

By Tour Type:

  • Independent Traveler
  • Package Traveler

By Tourism Type:

  • Religious Tourism
  • Cultural Tourism
  • Medical Tourism

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In person Booking

Frequently Asked Questions

How big is the vietnam tourism market.

The market is valued at US$ 27,500 million in 2023.

Who are the Key Players in the Vietnam Tourism Market?

Green Era Travel, Exodus Travels, and Viet Vision Travel are key market players.

What are the Restraints of the Market?

The lack of proper infrastructure facilities restrains the market.

What is the Key trend of the Market?

Government policies and a rapidly expanding market will encourage tourism.

How Big will be the Market by 2033?

The market is estimated to reach US$ 135,000 million by 2033.

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Vietnam Tourism Revenue Growth

  • Vietnam Tourism Revenue grew 37.0 % YoY in Dec 2023, compared with an increase of 175.0 % YoY in the previous year
  • Vietnam Tourism Revenue Growth rate data is updated yearly, available from Dec 2001 to Dec 2023
  • The data reached an all-time high of 175.0 % in Dec 2022 and a record low of -58.7 % in Dec 2020

View Vietnam's Tourism Revenue Growth from 2001 to 2023 in the chart:

Vietnam Tourism Revenue Growth

What was Vietnam's Tourism Revenue Growth in 2023?

Vietnam Tourism Revenue grew 37.0 % YoY in Dec 2023, compared with an increase of 175.0 % YoY in the previous year See the table below for more data.

Tourism Revenue Growth by Country Comparison

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  • Direct GDP contribution of the tourism sector in Vietnam 2015-2021

The growing importance of domestic tourism

Impact of the covid-19 pandemic on vietnamese tourism, share of direct gdp contribution from the tourism sector in vietnam from 2015 to 2021.

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2015 to 2021

Figures prior to 2019 were from previous reporting.

Other statistics on the topic Online travel market in Vietnam

  • Consumer goods e-commerce spending in Vietnam 2022, by category

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  • Online travel market scale APAC 2023, by country
  • Leading online travel agencies by awareness Vietnam 2021
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Statistics on " Online travel market in Vietnam "

  • Online travel market size worldwide 2020-2030
  • GMV of online travel sector in Vietnam 2019-2025
  • Online revenue share of the travel & tourism market in Vietnam 2019-2028
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  • Revenue per user of travel & tourism in Vietnam 2019-2028
  • Online travel agency usage Vietnam 2023
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  • Intention to spend on big-ticket items Vietnam 2022, by category
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Other statistics that may interest you Online travel market in Vietnam

  • Premium Statistic Online travel market size worldwide 2020-2030
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Key indicators

  • Premium Statistic Online revenue share of the travel & tourism market in Vietnam 2019-2028
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Usage of OTAs

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Leading OTAs

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Consumer preferences

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Impacts of COVID-19

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Never Ending Footsteps

The Cost of Travel in Vietnam: A 2023 Budget Breakdown

Lanterns in Hoi An

Vietnam is one of the greatest countries in the world.

I should know: I’ve spent a almost full year travelling across this country, making my way from the very top to its southernmost point and exploring a hell of a lot along the way.

I’ve spent months living in Hanoi and Saigon, and celebrated birthdays in Hoi An and Mui Ne. I’ve rented apartments with local families in lesser-known neighbourhoods, diligently worked my way through every street food cart in the area, then partied my way through all of the best backpacker haunts. I’ve travelled solo in the country, with my boyfriend and with friends, and even spent a month showing my boyfriend’s parents around the country. I spent two weeks riding a scooter through the smallest of towns in the Mekong Delta, visiting places that few tourists have ever passed through.

I’ve seen so much of this country and yet there’s something that still continually pulls me back.

(Confession: it’s the food. Vietnamese food is the best .)

But beyond the incredible meals, there’s also the beautiful scenery, the friendly people, the amazing architecture, and the most bustling cities. From the awe-inspiring views up in Sapa and the beaches of Da Nang, to the beauty of Hoi An, the scenery at Halong Bay, and the chaos of Saigon, Vietnam offers something for everyone.

Today, I want to focus on what you’ll pay for all of this magic. Of course, being in Southeast Asia, Vietnam is an affordable country to visit, in comparison to countries in North America and Europe, so your Dong will take you far. Yep, that’s the name of the currency here: the Vietnamese Dong, and you’ll find yourself with plenty of opportunity to make jokes about it.

I usually travel on a mid-range budget in Vietnam, along with occasional splurges, and often average around $50 — I’ve managed to get by on $10 a day when I was a tight backpacker, and splurged on a five-star hotel and been blown away by how much $100 a night can get you.

At the time of writing this, in 2023, $1 equates to around 24,000 VND. You’ll usually get 500,000 VND notes out of the ATMs, so remember that those are worth just over $20 each. Be careful with the 20,000 and 500,000 notes, though — they look very similar and could make for quite the expensive mistake!

A quick housekeeping point before we continue: everything in the post I paid for myself – as always, this is a comp- and press trip-free article.

With all that being said, it’s time to take an in-depth look into just how much it costs to travel in Vietnam. Let’s get started.

Hoi An Cafe

Where to Go in Vietnam

I recommend allocating a full month to travel in Vietnam. Here’s how I recommend spending your time over those four weeks:

  • Hanoi: 5 nights
  • Sapa: 2 nights
  • Halong Bay/Bai Tu Long Bay: 1 night
  • Ninh Binh: 3 nights
  • Phong Nga: 2 nights
  • Da Nang: 2 nights
  • Hoi An: 5 nights
  • Dalat: 3 nights
  • Saigon: 3 nights
  • Can Tho: 1 night

Fairy stream, Mui Ne

What’s Included in This Post

The budget breakdown you’re about to read covers accommodation, transportation, activities, food, and miscellaneous costs. All prices are in U.S. dollars, as that’s where most of my readers are located.

Flight costs will vary, depending on where you’re travelling in from. I recommending using Skyscanner’s flight comparison search engine to find the very best deals.

I often book activities and transport online, but generally have found that local travel agents offer cheaper prices. You’ll find one on practically every street in tourist-popular destinations, so there’s always many places vying for your custom; amounts can usually be haggled.

But if that’s not your thing, or you prefer the peace of mind of having things booked in advance, online booking works well, too. More on that below.

Vietnam offers up amazing value for money. Yes, I often splashed out on fun excursions that are a bit pricier, but even then, costs didn’t spiral. It’s all about balance. 

My ethos is: if I’m not going to experience at least some of the sights and activities a place is known for, what’s the point? But equally, I’ve also found some lesser-known – and free – things to do along the way that I’ll be mentioning as well.

Time to jump in.

mekong delta river

How to Save Money on the Cost of Accommodation in Vietnam

As always with travel, it’s possible to cut your accommodation costs down to zero if you have the time and patience to seek out an offer.

Housesitting  is a great option for free accommodation. This is where you’ll take care of somebody’s house while they’re away, and usually look after their pets, too. It’s best for long-term travellers or retirees as you can’t pick and choose dates and destinations, so you need to have a lot of flexibility as to where you go and at what time of year. If you do have that freedom, it’s a wonderful way to cut down your travel expenses, soak up some home comforts, and live like a local for a while. I have friends who have housesat in castles before! For free!  Trusted Housesitters  is the best site for getting started with housesitting, as they have the highest number of listings.

I’m suspecting, though, that for most of you, you’re not interested in the free accommodation and just want somewhere clean, safe, and affordable to rest your head each night. If that’s the case, there are several options available for you.

The first of these are  hostels . In Vietnam, you’ll come across hostels all over the country, finding them on tiny islands, in large cities, and even in the national parks. They’re one of your best options for saving money.

Hostels in Vietnam  are on a par with the rest of Southeast Asia, and you can expect to spend around  $5 a night for a dorm bed  for a well-reviewed hostel in Vietnam, with the price increasing to slightly about  $15 a night  for the absolute best of the best.

When it comes to private rooms in hostels, you can expect to spend around  $20 a night  for a clean, basic room in a good location, so if you’re travelling with friends or with your partner, you may find it cheaper to grab some privacy over settling for two beds in a dorm room.  $40 a night  will get you an exceptionally well-reviewed private room in a hostel or hotel.

I use  HostelWorld  to find the cheapest hostels, as they tend to have the greatest number of listings at the lowest prices.

And, of course, there are always hotels, which will usually come in at around  $20-$60 a night  for a decent, clean, mid-range property in a central location. I always use  Booking , as they have the most accommodation options for the cheapest prices. I share my personal recommendations below:

Being a digital nomad in Vietnam

The Cost of Accommodation in Vietnam

Places to stay in Vietnam are excellent value.

There were a couple of exceptions where we treated ourselves and upped the budget a bit, but that’s not to say we didn’t see quality options within both price brackets.

For the most part, we stayed in hotels and guesthouses and picked places where breakfast was included. That way, our first meal of the day was covered by what was without exception a first-rate buffet, often with eggs made-to-order any which way we preferred. Going forward, whenever I mention breakfast, you can assume it was part of the rate.

Mid-range properties were super-reasonably priced. And even 5* accommodation doesn’t cost an arm and a leg – much less than a hotel room in Western Europe, Australasia or the USA, for example.

Hotel staff couldn’t do enough for us, from the concierge and the tour desk to the staff at breakfast. Honestly, the Vietnamese people were a delight: really friendly and helpful. Often they were keen to practice their English on us and claimed to not be very good, when in actual fact they were fluent. It put us to shame.

Read on for recommendations on places to stay in Vietnam.

Hanoi: Our stay at this contemporary hotel in the Old Quarter cost us $49 a night , and we can’t speak highly enough of this gem.

Just a five-minute walk from Hoan Kiem Lake and tons of restaurants and bars, our superior double was spacious and modern, with wooden floors, splashes of colour throughout, and a feature wall. The breakfast buffet was varied and staff were incredibly helpful, going above and beyond to help us with forthcoming bookings.

For us, the historic centre was definitely the best area to stay in. It was bustling, atmospheric, and within ambling distance of most attractions. Talking of walking: make sure you watch out for the pesky mopeds in Hanoi, and Saigon too. In fact, there were even more zipping about down south.

Sapa: We opted for a homestay in Sapa, because we really wanted to throw ourselves into things. If you go down that route, Mao and her family are the people to choose.

After an overnight train ride northwards from Hanoi, we were met by Mao’s sister-in-law. We paid $68 per person for a one-night stay in Mao’s home. But that price also covered a two-day excursion. More on the details in the activity section.

It was Mao’s mountainous family home that we stayed in. It was basic, but comfortable: mattress-style beds on the floor enclosed by mosquito nets and shared bathroom facilities. The hospitality was warm, and the family were generous with their time.

We loved our night there and would wholeheartedly recommend it.

vietnam tourism rate

Bai Tu Long Bay: Boat time! Bai Tu Long Bay is just eastwards of the more famous Halong Bay, but doesn’t attract the crowds of the former. It’s just as beautiful, so if you want to see those limestone karsts without hundreds of boats surrounding you, this is the way to go.

We chose a two days/one night trip here. Our boat – Viola – was striking yet comfortable – a traditional wooden vessel with 16 cabins featuring dark wood and large windows. We were lucky: the boat wasn’t full, so we managed to bag an upgrade to the Honeymoon suite with a balcony to admire the spectacular scenery from.

Our cost came in at $149 per person for the two night trip, but that did include transfers, separate excursions off the boat, and food.

Ninh Binh: Just a couple of hours south of Hanoi we reached Ninh Binh, and this rather lovely homestay . Run by a family of four, the hospitality was first-rate, and our room was large, with pretty views out to the mountains. There was a roof terrace for drinks and excellent local food, and complimentary bicycles.

The property is outside the centre of town on a quiet residential stretch. We were there to get out and about on bikes, so the quiet location worked well for us. We paid $19 a night and were impressed. The family even invited us to join them one night for a home-cooked meal – an unexpected and kind gesture that we took them up on. That was our first taste of jackfruit.

Phong Nha: We pushed the boat out in Central Vietnam – for us anyway – and spent $45 a night . Located off the beaten path a little (about 15 minutes from the centre of town), this peaceful hideaway was set among lush greenery and rice paddies, and came complete with a swimming pool, wonderful views, complimentary bikes, tasty food, and quaffable fishbowl gin and tonics.

Situated just outside the National Park and the caves the area is famous for, we enjoyed sitting al fresco watching the sunset, sipping on a drink with a plate of crispy spring rolls to munch on.

The vibe was French colonial, with plenty of dark wood, wicker furniture and colourful tiles. And the ethos was ethical, sustainable and local, which got a thumbs up from us.

Danang: We continued with a slightly increased budget here, and spent $62 a night at this stylish beachfront property in a bright and airy superior double. .

Just a couple of minutes’ walk from the white sands of My Khe beach and about 25 from the famous Dragon Bridge, this spot offered us the best of both worlds.

We made the most of the glorious rooftop pool and terrace and the plentiful breakfast buffet. And friendly staff were on hand to answer our questions – such as where to get the local bus to Hoi An from.

vietnam tourism rate

Hoi An: Just 45 minutes southwards on that bus we were advised about, we reached our next stop. We split our time here: three nights a short cycle from lovely Cua Dai beach at this contemporary hotel with a pool overlooking the Co Co river (we paid $40 per night ).

Our room was spacious, clean, and it was fab to have a balcony. Plus, we were just a 20-minute ride to the sea. And at the latter smaller property, we loved the eye-catching colourful tiles throughout and enjoyed a splash in the dinky pool.

Saigon: We stayed in this first-rate hotel in Saigon, with pale wood and bamboo decor, knowledgeable staff, a quality buffet breakfast, and a rooftop pool with city vistas. We paid $90 per night and were very happy.

Can Tho (Mekong Delta): We were here for just one night, and up very early for a Mekong Delta boat ride the following day. So we opted for a lower end of the price bracket option. And we couldn’t find fault with this virtually riverside boutique hostel , where we paid just $20 per night .

You can expect funky monochrome decor and air-con. Breakfast wasn’t included here, but we knew we’d be eating on our floating market trip.

OUR TOTAL COST OF ACCOMMODATION IN VIETNAM CAME TO $1178. THAT’S AN AVERAGE OF $42 PER DAY, OR $21 EACH.

Reminder: in Sapa and Bai Tu Long Bay, the cost I’ve used in the calculation included a whole excursion – so food, walks etc.

a door on a scooter vietnam

THE COST OF TRANSPORTATION IN VIETNAM

We chose to travel by bus throughout Vietnam for the most part. We generally found these to be clean, efficient and comfortable. Some had reclining seats that were bedlike, for longer journeys.

To reiterate: shop around for prices; we found there were deals to be had. If, however, you break into a sweat when you think about masterfully haggling with the experts, 12Go Asia is my go-to site for booking overland travel in Southeast Asia. They’ve got buses, trains, and private transport listed, and it’s usually only a dollar or two more than you’ll pay in person, so it’s definitely worth checking out.

Keep in mind that sometimes the buses take less time than advised and you may have to swap buses, which you’re not always pre-informed about. For example, from Phong Nha to Danang we switched buses in Hue. And from Hoi An to Dalat, we changed vehicles in Nha Trang (but did get to see a lovely sunrise at the beach there). Really, for the prices we paid, we couldn’t complain.

Here’s a breakdown of our journeys:

Train from Hanoi to Sapa: $32 per person . Note: we shared our cabin with two other (snoring) people, so would recommend opting for a private cabin if funds allow (around $61 per person).

Bus from Sapa to Hanoi: $12 per person . We used Sapa Express : comfy seats, lovely views, and a very friendly member of staff was on board. Water and a snack were provided, too. The company was also very accommodating when we nearly missed the bus.

Bus from Hanoi to Ninh Binh: $7 per person

Bus from Ninh Binh to Phong Nha: $12 per person

Bus from Phong Nha to Danang: $12 per person

Local bus from Danang to Hoi An: $1 per person

Bus from Hoi An to Dalat: $16 per person

Bus from Dalat to Saigon: $17 per person

Bus from Saigon to Can Tho: $6 per person

Shuttle bus from Can Tho to Ha Tien: $6 per person. Tip: don’t buy your ticket from the office, go directly to a shuttle and ask a driver for a price – they charged us less than what was quoted inside.

There are other modes of transport if buses aren’t for you. Trains are an alternative ( 12Go is a top website for those, too), and Grab was available in Hanoi, Danang and Saigon.

Similar to Uber, you just need to download the app. Scooters are an option with Grab; cheaper than booking a car. Watch out for taxis you hail off the street – they have a reputation for trying to rip off tourists, so it’s easier to use the app.

OUR TOTAL COST OF TRANSPORTATION IN VIETNAM CAME TO $242. THAT’S AN AVERAGE OF $8.60 PER DAY, OR $4.30 EACH.

Lauren and Dave in Vietnam

THE COST OF ACTIVITIES AND ENTRANCE FEES IN VIETNAM

We saw and did a lot in Vietnam, ranging from rice paddy walks and scenic boat rides to food tours. There were also some well-known activities that we chose not to do, because of personal preference. For example, Phong Nha is famous for caves, but we opted for a bike ride into the countryside instead.

Here’s a rundown for you, with costs.

Halong Bay two-day/one-night tour from Hanoi: $150 per person. If there’s one thing you have to do when you’re in Vietnam, it’s to visit their most famous attraction. Halong Bay is incredible and well-worth taking the time and spending the money to see it. The rock formations are breathtaking! We opted for a tour that took us to both Halong Bay and Bai Tu Long Bay, as the latter is free of the tourist crowds. That way, we got the best of both worlds. You can check availability for the tour we booked using the widget below (it is popular, so book well in advance!)

Food tour in Hanoi with Ha Food Tours: $25 per person . An amazing evening; we were fit to burst by the end. Our local tour guide was fun, friendly and very informative. She also gave us recommendations for other restaurants to try (Pho 10 below). We wandered our way around the Old Quarter sampling delights such as Bun Cha, egg coffee (nicer than it sounds!), dried beef salad, crab spring rolls, beef noodles, Bahn Mi, sticky rice, and coconut ice-cream. Told you there was a lot of food! We wouldn’t necessarily have known to go into some of the places, and it was lovely to be led by someone with first-hand knowledge of the city. We thought the price offered excellent value for money, when you coupled all of the food with the guided aspect.

Hoa Lo prison, Hanoi (pay at the entrance): 30,000 VND per person (approximately $1.50) . This was an eye-opening and moving experience. The former jail was used by the French colonists in Vietnam for political prisoners, and later by North Vietnam for US Prisoners of War during the Vietnam War.

Sapa walking and homestay with Mao and family : $55 per person (two days, one night). The scenery was amazing in Sapa and the Muong Hoa Valley: rice fields, terraces, tea plants, and lush greenery. If you’re into glorious views and walking (there was a fair amount, and it was medium difficulty at times), this is for you. We met Mao’s sister-in-law in the centre of town, and from there, up we went into the mountains. It was peaceful, picturesque, and a world away from busy Hanoi. Included in the tour were two lunches, plus a plentiful home-cooked dinner and breakfast at Mao’s. Do try the rice wine – ‘happy water’ Mao offers at dinnertime – it was potent, reminding us a bit of sake.

Bai Tu Long Bay boat tour with Premier Travel: $144 per person (two days, one night). Again, the scenery here was pretty spectacular, with limestone rock formations jutting out of the water across the bay. The trip included visiting a pearl farm and an impressive cave, all meals, a summer roll making class, a swim, and a kayak. Just to let you know, it was communal dining, which some people like, and others don’t.

Trang An caves, Ninh Binh (pay at entrance): 200,000 VND per person (approximately $8.50) . We were really pleased we chose to cycle out to the river and the Trang An caves. They were a much quieter alternative to Tam Coc (we rode via there another day and it was busy). At Trang An, we jumped aboard a small boat just before 4pm; it was quiet on the water. The scenery was wonderful and the caves we went through made the journey exciting and interesting. Watch your head in some of the caves – they were low. We made a few stops along the way and helped to row for some of the trip. It was a lovely way to spend a few hours. Lunch tip: Quoc Khanh Bamboo Homestay (great views, and very tasty pomelo, pork and shrimp salad).

Mua Caves, Ninh Binh (pay at entrance): 100,000 VND per person (approximately $4.50) . We cycled from our homestay through paddy fields which was fab. The caves involved a 500-step climb – so it may not be for everyone. Tough, but totally worth it for the amazing and far-reaching vistas.

Scooter food tour in Hoi An: $35 per person . Another fantastic food tour. We sampled a whopping nine dishes on this tour — some of which were served in a local’s home who specialised in that particular item. So good, so fun, and so informative; this is a must-do!

Countryside tour in Dalat : $40 per person . One word: loved! We stopped at a cricket farm, the Elephant Falls, a silk factory, a coffee plant, and wandered around a local market sampling bits and pieces. We also enjoyed a lunch pitstop with a fun fruit tasting, and then came the secret aspect. I won’t reveal what that was – it was worth it though.

Crazy House , Dalat (pay at the entrance): 40,000 VND per person (approximately $1.75) . This really was crazy. An unconventional building constructed by Vietnamese architect Đặng Việt Nga, designed to entice people back to nature. You can also stay there too, if that floats your boat.

Although, let's be honest: I mostly returned to Saigon for soups!

Saigon Pho Trail : $55 per person . A food and walking tour highlighting the ‘real’ Ho Chi Minh City. We wandered around authentic markets, enjoyed a first-rate breakfast beef pho, calamansi juice, and then a huge lunch. So much tasty food! And a super friendly pair of guides.

Saigon foot scrub: $15 per person . We’d done an awful lot of walking throughout our trip and our feet deserved some attention! There were so many places offering spa services, so we shopped around. Our treatment also included a quick neck and back massage, and a pedicure for me.

Mekong Delta boat ride: $18 per person . We loved this tour so much. It was an early start down to the water where we took a boat tour to the Cai Rang Floating Market. Next, we stopped at a noodle factory and then a cacao plant. A wonderful morning. Our advice? Don’t book online, ask your hotel for a tour recommendation.  

There were also tons of free activities we enjoyed. They can sometimes be just as enjoyable, we think. Read on for a handful of our faves.

Phong Nha Bong Lai Valley bike ride: This was one of my favourite days. So scenic, not too difficult, and two great places to stop for a beer and food – always a bonus! Their names? Pub with Cold Beer (it did what it said on the tin), and Eco Boar Farm.

Danang beach walk: Non Nuoc and My Khe – wide stretches with fine sand.

Hoi An beach walk: Cua Dai. Another lovely stretch; keep an eye out for colourful crabs scurrying along.

Where I’ve mentioned bikes, these were complimentary with our hotel stay.

OUR TOTAL COST OF ACTIVITIES IN VIETNAM CAME TO $418.50. THAT’S AN AVERAGE OF $15 PER DAY, OR $7.50 EACH.

Reminder: I’ve excluded the Sapa and Bai Tu Long Bay tours from my calculations because I included them in the accommodation costs above.

Hanoi street food

THE COST OF FOOD VIETNAM

I love, love, love food. Wherever we visit, we put a lot of research time into where to eat and what dishes we should try. We like to taste local specialities, and so we kept our ear out for recommendations. The food in Vietnam was among the best we tasted throughout the year, and super cheap too.

I’m going to list a handful of dishes we regularly ate across the four weeks, with an average price.

Like I said before, for the most part, breakfast was included as part of our room rate, so I won’t include that in this section. And on a handful of days when we were on an excursion, all of our meals were included. So I’ll calculate for the remaining days.

Let’s do it…

Bahn Mi: a super delicious snack that we had virtually every day! A baguette (Viet style – much lighter than the French version) filled with BBQ pork, pate, herbs, chilli, and pickled veg. Banh Mi 25 in Hanoi was our favourite by far and cost just 30,000 a pop (about $1.30). Madam Khanh, Queen of Banh Mi in Hoi An was also very tasty (25,000 VND, approximately $1).

vietnam tourism rate

Pho: fragrant noodle soup that struck the balance of being fresh yet filling.

Average cost: 65,000 VND ( approximately $3). Our recommendation? Beef pho at Pho 10 in Hanoi. The broth was delicate and the meat rare (it cooked a bit as it sat in the broth). There were sharing condiments on the table – fresh chilli, a fiery sauce and garlic. One portion and a beer came in at 85,000 VND (around $4).

Bun Cha: a tangy broth, with chargrilled pork patties, rice noodles, fresh vegetables and herbs. The average we paid for this scrummy dish was 90,000 VND ($4) per portion. We loved Bun Cha Ta in Hanoi.

Banh Xeo: super cheap and filling crispy pancakes filled with veggies, pork belly and prawns. Just 23,000 VND ($1) a portion in general.

Com Ga: chicken and rice. Simple yet delicious, and cheap at around 46,000 VND ($2) per portion.

Nem Nuong: pork sausage meat, greens, pickled veg, rice noodles and rice paper – a DIY meal where we wrapped the ingredients in the rice paper. So tasty, and only around 92,000 VND ($4) a portion.

Dumplings and wontons: need little explanation! Miss Ly’s well-known spot in Hoi An was a noteworthy place to try these. We shared, and paid 80,000 VND each (about $3.50).

A couple of evenings we fancied some Western food. For example, we had a yummy pizza each at Fatfish in Danang. That cost us 195,000 VND (about $8.50) per person. A bit more expensive, but still totally manageable.

Burger Bros in Danang cost us 100,000 VND (about $4) each – comparable to local food prices. And it was a really juicy burger.

A few times, we spent a bit more on Vietnamese meals. For instance, we enjoyed an early dinner at the Pub with Cold Beer. The family who owns the place offered a unique ‘kill your own chicken for us to cook’ service (you don’t have to; they can do it for you if you’d prefer). Dave opted to do the honours – brave man. A while later, a BBQed, spatchcocked bird appeared smelling wonderful. It was served with rice, greens and the most amazing sauces – peanut and fresh chilli. We really loved that meal. It cost us 230,000 VND ($10) each, and was so worth it.

Goc Ha Thanh in Dalat came in at 322,000 each (around $14) – that included a starter of spring rolls, coconut prawn curries, a side of veg, water, and local wine. Who knew very drinkable wine was made in Dalat?!

Average daily food cost: $8.57 per day, or $4.29 each

More on drinks next…

We sipped on plenty of bottled water which was dirt cheap, plus beers, and the odd cocktail here and there. A large water cost us about 50 cents.

In Hanoi, ‘fresh beer’ (bia hoi) is famous, and even cheaper than water. It cost us around 8,000 VND (35 cents) a glass. We only found this sold in the capital, out of big freezer chests. It was made fresh each day with few preservatives; foamy and quite light in alcohol. We highly recommend you try it.

Otherwise, we tended to share large bottles of local beer; they came in at about $1 a bottle.

Oh, and for lovers of the chocolate bar Bounty, or fans of coconut in general, you MUST pay Cong Caphe a visit. We stopped at outposts in Hanoi and Saigon. Their coconut smoothie was one of the best things I drank (a bold claim I know) – so good and so simple. It was made of coconut milk whizzed up with crushed ice and coffee. Yum. The chocolate and coconut version was equally delicious too. And the price? 45,000 VND each (about $2). Heavenly, and totally worth it.

In Saigon, we visited Pasteur Street Brewing , where a bottle was 70,000 VND (approximately $3). Dearer than local brands like Bia Saigon, but it was craft beer – and very good.

We indulged in happy hour cocktails at Mango Rooms in Hoi An a few times. They cost about 100,000 each (approximately $4). Keep an eye out for 2 for 1 deals – we found them a great way to be able to sample drinks we may not have done otherwise.

Average daily drink cost: $4.82 per day, or $2.41 each

Like I said, we can’t talk highly enough of the Vietnamese cuisine. Flavourful, packed a spice punch, and totally delicious. Such great value for money, too.

OUR TOTAL COST OF FOOD AND DRINK IN VIETNAM CAME TO $375. THAT’S AN AVERAGE OF $13.40 PER DAY, OR $6.70 EACH.

vietnam tourism rate

MISCELLANEOUS EXPENSES IN VIETNAM

A local SIM card:  I don’t know about you, but one of my least favourite aspects of arriving in a new country is having to figure out how to get connected. Specifically: buying a local SIM card so that I have data to use while I’m in the country.

There’s locating a store that will sell you one, language barriers to deal with, various forms of ID you might need to bring, scams to navigate, and… well, it’s a headache.

This year, I started using  Airalo , which sells local e-SIM cards for travellers. What that means is that you can buy your SIM card online  before  you arrive in Vietnam, and then as soon as you land in the country, you can switch on your data and start using it. It’s worked flawlessly for me and now, I’ll never go back to physical SIM cards. You’ll pay  $4.50 for 1 GB of data  for Vietnam and can also top-up through the Airalo app.

Make sure your phone is eSIM-compatible before buying — all recent iPhones and many Androids are.

Travel insurance : If you’ve read any other posts on Never Ending Footsteps, you’ll know that I’m a great believer in travelling with travel insurance. I’ve seen far too many Go Fund Me campaigns from destitute backpackers that are unexpectedly stranded in a foreign country after a scooter accident/being attacked/breaking a leg with no way of getting home or paying for their healthcare. These costs can quickly land you with a six-figure bill to pay at the end of it.

In short, if you can’t afford travel insurance, you can’t afford to travel.

Travel insurance  will cover you if your flight is cancelled and you need to book a new one, if your luggage gets lost and you need to replace your belongings, if you suddenly get struck down by appendicitis and have to be hospitalised, or discover a family member has died and you need to get home immediately. If you fall seriously ill, your insurance will cover the costs to fly you home to receive medical treatment.

I use  SafetyWing  as my travel insurance provider, and recommend them for trips to Vietnam. Firstly, they’re one of the few companies out there who will actually cover you if you contract COVID-19. On top of that, they provide worldwide coverage, don’t require you to have a return ticket, and even allow you to buy coverage after you’ve left home. If you’re on a long-term trip, you can pay monthly instead of up-front, and can cancel at any time. Finally, they’re more affordable than the competition, and have a clear, easy-to-understand pricing structure, which is always appreciated.

With SafetyWing, you’ll pay  $1.50 a day  for travel insurance.

HOW MUCH DOES IT COST TO TRAVEL IN VIETNAM?

Okay, so after adding everything up, here are costs per person:

  • Accommodation: $21 per day
  • Transport: $4.30 per day
  • Activities: $7.50 per day
  • Food and drink: $6.70 per day
  • Miscellaneous: $1.50 per day

Grand total spent in Vietnam: $41 per person per day .

Vietnam was excellent value for money, and a highlight of our year. We saw untold wonderful sights, ate incredibly well, and stayed at a range of quality accommodation.

WHAT ARE YOUR THOUGHTS? DID YOU EXPECT TO BE ABLE TO TRAVEL THROUGH VIETNAM FOR THAT PRICE?

Related Articles on Vietnam 🇻🇳 Photos of Ridiculous Things on Bikes in Vietnam

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Lauren Juliff

Lauren Juliff is a published author and travel expert who founded Never Ending Footsteps in 2011. She has spent over 12 years travelling the world, sharing in-depth advice from more than 100 countries across six continents. Lauren's travel advice has been featured in publications like the BBC, Wall Street Journal, USA Today, and Cosmopolitan, and her work is read by 200,000 readers each month. Her travel memoir can be found in bookstores across the planet.

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13 comments.

An epic post, Laura! Covers everything I need to know about travel in Vietnam and how much it’ll cost me.

HI Laura, This as a great post – IM a new traveller so very helpful! Can you tell me how long did it take to organise a visa and do you have to have any vaccinations? (Im not partial to them …) Thanks!

It took about 48 hours for my visa to be approved — super easy process, so no worries about that.

There are a few vaccines that are recommended (although not required) — hepatitis A&B and typhoid, in particular — I got both of those vaccines back in 2011 when I first started travelling, then got a top-up a few years ago. Japanese encephalitis is a good idea if you’re going to be staying in any rural areas. It’s not worth taking anti-malarials, as dengue is the real problem there, not malaria — I have multiple friends who have contracted dengue in Vietnam and been really sick, one of whom was left with chronic joint pain from the virus. Because of this, definitely take care to cover up when mosquitoes are active (around sunset) and/or use lots of insect repellent. Dengue really is the biggest thing you need to worry about, as there’s a lot of it in Vietnam. COVID vaccines aren’t required to enter the country anymore.

I’ve had tons of vaccines, though — pretty much any travel-related ones you can get! As somebody who contracted cholera[!!] because I skipped getting the vaccine (and still have health issues from the illness, five years later), I resolved to get every vaccine I could. It sucked to get that sick and know I could have prevented it.

But either way, to answer your question, there’s several that are recommended but none that are mandatory.

Great post! Just confirming are your prices here in USD?

Thanks so much! Yes, they’re in USD.

Hi Lauren, my daughter and I are planning a trip to Vietnam in August. Great to find helpful info on your site, but just wondering what currency your pricing is based on? Travelling as a Kiwi I may need to double it!

Hi Jacqui, My hubby and I are also going in August. I was wondering the same thing as we are Aussies. We’ve been before but 12 years ago so I can’t remember alot and obviously things have changed. When we went last time I only booked the first 3 nights and the concierge at the hotel booked the rest of the 2 weeks for us for $600AUD each which included all accommodation, travel and sight seeing for the whole 2 weeks. It worked out at about a third of the price of what I’d have paid in Australia. I’m really tempted to just do the same again. Enjoy your trip and who knows – maybe we’ll see you on the road!

One of my favorite things about Vietnam was how inexpensive it was! I just came back from two weeks in SE Asia and I really can’t wait to go back. Vietnam was my favorite place we went. The people are SO a friendly and it really was an excellent experience. The food is amazing. And I love that you can get grabs for like $2 across Ho Chi Minh City. I came back to America and cringed paying $40 for my Uber back from the airport haha. I miss the food and people so much already! Planning to try my hand at making egg coffee- I saved a website that tells you how so hopefully it turns out well.

Fantastic article – thank you so much!

This post is really helpful, thank you so much.

How did you apply for a visa? I am in Australia and I hear there are lots of scams and I am not quite sure on what is the best process.

I would love to travel to Vietnam, but found it hard to figure out public transportation. is there a website you know of that is helpful? country is very long are there tips you recommend to save time ie special routes and travel time like overnight….

Hi Shiva! I use 12Go in Southeast Asia and book all of my buses, minivans, and trains through there. You’ll pay an extra dollar or so to use the service but it makes it sooo much easier than hunting down a travel agent to book everything in person! I personally am not a huge fan of travelling overnight as I find I always sleep terribly and lose much of the next day to napping and exhaustion — you may be different though. It’s worth experimenting with for sure! Plus you save money on accommodation by travelling overnight :-) Flying can definitely save you time for some longer legs and domestic flights in Vietnam are always pretty affordable.

Excellent post – thank you for such a thoughtful and detailed overview of your experience.

I’m looking for a place to stay in Hanoi – I was wondering the name of the hotel you have pictured near the top of the article, with a pool overlooking the river. If you could please let me know the name of this place I will be eternally grateful!

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Live fully in Vietnam

Vietnam opens its door widely to welcome visitors all around the world! Starting from 15th August 2023, Vietnam extends e-visa validity to 90 days and unilateral visa exemption will be valid in 45 days! We are more than happy to welcome you all here and admire our stunning landscapes, free your soul on white sandy beaches, experience our unique and beautiful culture and meet the people in the most friendly country. Particularly, to indulge in our scrumptious cuisine at Michelin rated restaurants or to join us in outstanding mega culture, music, sports and tourism events! Let’s live to the fullest in Vietnam!

vietnam tourism rate

Outdoor & Recreational

Enjoy the "Fast & Furious" F1H2O World Championship in Binh Dinh

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The infinity waters of Quang Lang Beach

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Explore delicious dishes in Ho Chi Minh City

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3 Reasons a Cruise in Lan Ha Bay Should Be on Your Bucket List

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Ru Cha Mangrove Forest: A sleeping beauty of Hue

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Lost in green wonderland in Tra Su Cajuput Forest

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Phong Nha - Ke Bang National Park: Beyond the home of the World’s largest cave

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Pu Luong, Thanh Hoa: The hidden paradise

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Thac Ba Lake - The emerald of Yen Bai

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Halong Bay - Cat Ba inter-provincial World Heritage Site: Trending destination in Vietnam

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Nha Trang Best Beaches for a Sustainable Vacation

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Explore the food of Hoi An

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Comfort Meets Culture at Hanoi's Luxury Hotels

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Binh Lieu: Feel every heartbeat in a corner of nature

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Vietnam - The safest destination to visit in Asia

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vietnam tourism rate

Vietnam through the lens of international news

Find out the reasons why Vietnam is worth to visit

TasteAtlas

TasteAtlas food rankings are based on the ratings of the TasteAtlas audience, with a series of mechanisms that recognize real users and that ignore bot, nationalist or local patriotic ratings, and give additional value to the ratings of users that the system recognizes as knowledgeable….

- TasteAtlas

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Booking.com

Booking.com

Spring has finally arrived, bringing with it the perfect opportunity to venture out and explore the world.

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Travel Weekly

Travel Weekly

Visiting the South-East Asian country reminds Thompson Travel’s Sharon Thompson of the wonders of travel…

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Conde Nast Traveler

To get you started on your next fairy tale adventure, we’ve rounded up 50 of the most beautiful small towns in the world.

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vietnam tourism rate

VnExpress International

Who are the 5 richest families in Asia?

Salaries decline across board for software engineers

Salaries decline across board for software engineers

Teachers at HCMC international school go on strike over unpaid salaries

Teachers at HCMC international school go on strike over unpaid salaries

Hanoi apartment owners sell in haste, repent at leisure as prices keep rising

Hanoi apartment owners sell in haste, repent at leisure as prices keep rising

Dollar inches down on black market

Dollar inches down on black market

Queen of Vietnamese bolero music Le Quyen resides in opulent 600-sq.m HCMC villa

Queen of Vietnamese bolero music Le Quyen resides in opulent 600-sq.m HCMC villa

Vingroup to divest from mall operator Vincom Retail

Vingroup to divest from mall operator Vincom Retail

Poor air quality, humidity driving residents to flee Hanoi

Poor air quality, humidity driving residents to flee Hanoi

Hong Kong adult film star dazzles with 11 gold jewelry sets on wedding day

Hong Kong adult film star dazzles with 11 gold jewelry sets on wedding day

New cold wave in northern Vietnam to dispel condensation

New cold wave in northern Vietnam to dispel condensation

Cambodia, malaysia achieve highest tourism recovery rates in southeast asia.

Cambodia, Malaysia achieve highest tourism recovery rates in Southeast Asia

Indonesia came in third with a recovery rate of 71.7%, followed by Singapore (71.3%) and Thailand (70.4%).

Vietnam achieved its recovery rate of 70%, higher than the Philippines (66%), the report showed.

Malaysia last year became the tourism champion in the region with 29 million tourist arrivals, including nearly 9 million foreign excursionists who only made day trips.

Thailand was second with 28 million, followed by Singapore with 13.6 million and Vietnam with 12.6 million.

Thailand and Malaysia have waived visas for tourists from major economies like China and India since late last year.

With fierce regional competition, Prime Minister Pham Minh Chinh has ordered ministries to consider expanding visa exemptions  for citizens from certain countries in accordance with bilateral cooperation activities.

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IMAGES

  1. The rise of Vietnam’s tourism

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  2. Tourism in Vietnam Report 2020-2021

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  3. Infographic Transportation and Tourism in 6 months of 2021

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  4. Vietnam tourism 2018 in numbers

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  5. Vietnam tourism 2018 in numbers

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  6. Generation Y's generosity toward travelling

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  4. DISCOVER VIETNAM

  5. 7 Must-Visit Destinations In Vietnam!

  6. Vietnam🇻🇳| Travel Places In Vietnam

COMMENTS

  1. Tourism industry in Vietnam

    Revenue per user of the travel & tourism market in Vietnam from 2019 to 2028 (in U.S. dollars) Premium Statistic GMV of online travel sector in Vietnam 2019-2025

  2. Tourism in Vietnam

    Tourism in the economy. Tourism is important in Vietnam. For backpackers, culture and nature lovers, beach-lovers, military soldiers and veterans, Vietnam has become a new tourist destination in Southeast Asia. Local and international tour operators offer tours to ethnic minority groups, walking and bicycle tours, photography tours, kayak trips and multi-country trips in particular with ...

  3. International tourism, number of arrivals

    World Bank Data provides various indicators of the economic and social development of different countries and regions. You can explore the data by topics, countries, indicators, or maps. For example, you can find out how many international tourists arrived in Vietnam in the past years and how it compares to other countries in the region.

  4. Vietnam's Tourism Industry's Long Road to Recovery: Explained

    The future of Vietnam's tourism sector. Vietnam's tourism industry saw 2.69 million tourists in the first quarter of 2023, representing 33 percent of its targeted 8 million international arrivals by the end of the year. This has contributed around US$6.85 billion in revenue from accommodation and catering services.

  5. Vietnam Tourism Statistics 2003-2024

    Tariff Rates; Tourism Statistics; International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. ... Vietnam tourism statistics for 2020 was 3,232,000,000.00, a 72.68% decline from 2019. Vietnam tourism statistics for 2019 was 11,830,000,000.00, a 17.36% ...

  6. Vietnam Tourist Arrivals

    Tourist Arrivals in Vietnam increased to 1531.41 Thousand in February from 1512.31 Thousand in January of 2024. This page provides - Vietnam Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news. ... Vietnam Inflation Rate at 12-Month High. Vietnam Retail Sales Growth Accelerates. Vietnam ...

  7. Vietnam Tourism 2023

    Impressive Year-End Statistics: Vietnam tourism closed 2023 with 12.6 million international visitor arrivals, exceeding expectations and contributing significantly to the country's economic growth. Vietnam's tourism industry has not only rebounded strongly in 2023 but has also achieved remarkable success and recognition on the global stage.

  8. Development and importance of tourism for Vietnam

    In 2021, Vietnam generated around 149.00 million US dollars in the tourism sector alone. This corresponds to 0.036 percent of its the gross domestic product and approximately 1 percent of all international tourism receipts in Southeast Asia. Worldwide comparisons: › International tourism › List of safest travel countries Back to overview ...

  9. The increasing number of international visitors to Vietnam raise the

    (TITC) - According to the General Statistics Office of Vietnam, the number of international visitors to Vietnam in May 2022 obtained 172.9 thousand arrivals, an increase of 70.6% compared to the last month and 12.8 times higher than the same period last year. In the first 5 months of the year, international visitors to Vietnam reached 365.3 thousand arrivals, 4.5 times higher than the same ...

  10. Vietnam's tourism forecast to strongly rebound in five years

    Vietnam's tourism industry is forecast to strongly grow in the coming five years, with more than 22 million foreign visitors and total revenue of US$13.2 billion. ... (US$3.26 billion), an annual rise of 28.2%. The average occupancy rate of accommodation establishments and hotels would reach 45%, up 5% year-on-year. To achieve the target ...

  11. PDF E-Bao cao thuong nien 2019

    than average annual growth rate of Vietnam tourism during the 2011-2015 period (+7.6%). Source: Compiled from the data of GSO Figure 1.3. International visitor arrivals to Viet Nam, 2015-2019 regarding the proportion by region, short-haul mar-kets from Asia took up the major part (79.9%), of which Northeast Asia occupied 66.8% and South-

  12. Vietnam tourism industry sees huge growth for 2023

    The tourism sector plans to welcome 110 million tourist arrivals this year, including 8 million foreigners, for 650 trillion VND (27.39 billion USD). Impressive post-pandemic growth According to Nguyen Trung Khanh, General Director of the Vietnam National Administration of Tourism (VNAT), given the slow tourism recovery worldwide last year, domestic agencies took a series of…

  13. Vietnam tourism earns $16.5 billion in 2022: official

    The industry hopes for revenues of $17.5 billion this year. It has been doing well in the domestic tourism market with over 86 million tourists recorded this year, exceeding 2019's figure. Since reopening its borders and lifting most Covid restrictions, Vietnam has earned revenues of US$16.5 billion from tourism, a senior official said.

  14. Full article: Tourism policy in Vietnam: an evaluation using the

    Furthermore, Figure 1 describes that Vietnam's Travel & Tourism Development Index (TTDI) has increased steadily over the years, catching up with the TTDIs of the leading destinations in Southeast Asia, namely, Thailand, Indonesia, Malaysia, and Laos. In addition, the number of international visitors to Vietnam has also increased at a higher rate than the number of international visitors to ...

  15. Travel & Tourism

    The Travel & Tourism market in in Vietnam is projected to grow by 5.61% (2024-2028) resulting in a market volume of US$4,537.00m in 2028. ... Europe's segments exhibit a good recovery rate ...

  16. Vietnam Tourist Statistics: Market Report & Data • Gitnux

    Vietnam's tourism sector aimed to serve 20.5 million international tourists by the end of 2020. ... The surge to a 70% occupancy rate in Vietnam's hotels during Q4 2019, serves as a compelling indicator of the burgeoning viability and dynamism of the country's tourism industry. This vivid portrayal of hotel usage not only highlights the ...

  17. Vietnam: Outlook for U.S. Travel & Tourism

    With a population of more than 97 million people, Vietnam was the world's 15th most populous nation in 2020. Its population is projected to reach 120 million by 2050. Vietnam's economy has been badly affected since the pandemic. However, recent statistic indicates that in 2020, Vietnam's GDP growth rate was 2.9 percent.

  18. Vietnam Tourism Revenue

    Vietnam's Tourism Revenue reached 29 USD bn in Dec 2023, compared with 21 USD bn in the previous year. Vietnam's Tourism Revenue data is updated yearly, available from Dec 2000 to Dec 2023. ... The State Bank of Vietnam average market exchange rate is used for currency conversions. View Vietnam's Tourism Revenue from 2000 to 2023 in the chart:

  19. Vietnam Tourism Market

    The travel and tourism industry in Vietnam is anticipated to expand at a significant rate between 2023 and 2033. The market's expansion can be linked to the government's encouraging policies for promoting tourism in the nation and the rising use of alluring marketing and promotional tactics by market participants.

  20. Vietnam Tourism Revenue Growth

    Vietnam Tourism Revenue Growth rate data is updated yearly, available from Dec 2001 to Dec 2023; The data reached an all-time high of 175.0 % in Dec 2022 and a record low of -58.7 % in Dec 2020; CEIC calculates annual Tourism Revenue Growth from annual Tourism Revenue. The Vietnam National Administration of Tourism provides Tourism Revenue in ...

  21. Vietnam: direct GDP contribution of the tourism sector 2021

    Published by Statista Research Department , Nov 7, 2023. In 2021, the tourism sector in Vietnam contributed approximately two percent to the country's GDP, indicating a sharp decrease from the ...

  22. The Cost of Travel in Vietnam: A 2023 Budget Breakdown

    I usually travel on a mid-range budget in Vietnam, along with occasional splurges, and often average around $50 — I've managed to get by on $10 a day when I was a tight backpacker, and splurged on a five-star hotel and been blown away by how much $100 a night can get you. At the time of writing this, in 2023, $1 equates to around 24,000 VND.

  23. Visit Vietnam: The Official Tourism Website of Vietnam

    Live fully in Vietnam. Vietnam opens its door widely to welcome visitors all around the world! Starting from 15th August 2023, Vietnam extends e-visa validity to 90 days and unilateral visa exemption will be valid in 45 days! We are more than happy to welcome you all here and admire our stunning landscapes, free your soul on white sandy beaches ...

  24. Cambodia, Malaysia achieve highest tourism recovery rates in Southeast

    Cambodia's tourism recovery rate in 2023 was the highest in Southeast Asia at 82.5% of pre-pandemic levels, followed by Malaysia at 77.2%, according to a report by travel research firm Outbox Consulting. - VnExpress International ... Vietnam achieved its recovery rate of 70%, higher than the Philippines (66%), the report showed. ...