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Delhi, New
Delhi, India,
09/01/2007
– Vietnam, a
Southeast Asian
country,
received over
3.5 Million
international
tourists in
2006, a straight
growth of more
than 3% over
2005. Also, it
recorded an
impressive CAGR
growth of over
8.9% from 2001
to 2006,
according to a
recent report
“Opportunities
in Vietnam
Tourism Industry
(2007-2009)” by
RNCOS.
The tourist
influx increased
at unprecedented
rate in Vietnam
in the first
half of 2007 -
Ho Chi Minh City
alone received
about 1.26
Million
international
tourists, a YOY
growth of over
11% and over
655,000
holidaymakers
explored the
colonial setting
of Hanoi,
posting a hike
of around 14%.
So it can be
inferred that
the country is
well positioned
to meet its
target of
serving around 4
to 4.4 Million
international
trippers this
year.
The substantial
growth was
credited to the
business
delegations
coming to the
country and
demitting of
visa for RoK
nationals by the
Vietnam
government. The
other reasons
that lured
tourists were
Vietnam’s
natural and
cultural
heritage, low
cost of living,
and starting of
direct flights
from San
Francisco to Ho
Chi Minh City by
UA (United
Airlines) that
pushed the
tourist arrival
from US. The
cooperation
between Vietnam
Airlines and US
helped to
attract over
200,000 tourists
from US to
Vietnam,
translating into
a YOY growth
rate of over 5%.
As far as the
country by the
highest tourist
arrival is
concerned, China
remains at the
top, due to its
geographical
closeness with
Vietnam and a
varied traffic
system
connecting the
two nations,
making the entry
of Chinese
tourists easier.
The RNCOS report
"Opportunities
in Vietnam
Tourism Industry
(2007-2009)”
says that based
on the current
policy
environment and
market scenario,
the tourist
arrival in
Vietnam is
expected to hit
a CAGR value of
around 14% from
2007 to 2011.
The growth
attained by
departures and
arrivals is
principally
because of
heightened
travel
confidence and
strong economic
condition as the
country’s GDP
for the
forecasted
period is
anticipated at
around 7%.
The market
research gives a
detailed
overview of
Vietnam tourism
industry,
covering inbound
and outbound
tourism,
expenditure
statistics,
transportation,
market driving
factors,
opportunities
and challenges
for the market.
It also augurs
the forecast of
the market based
on the current
market scenario. |
