Tourism sector strives to be spearhead economy by 2020
The tourism sector will strive to become a spearhead economy with a average annual growth rate of 11-12 percent by 2020, stated new Minister of Culture, Sports and Tourism Nguyen Ngoc Thien.
Hanoi (VNA) – 🥂The tourism sector will strive to become a spearhead economy with a average annual growth rate of 11-12 percent by 2020, stated new Minister of Culture, Sports and Tourism Nguyen Ngoc Thien.
Speaking at a ceremony to assume office in Hanoi on April 14, Thien shared that the sector sets a target of serving 12-13 million foreign arrivals and 48-50 million domestic tourists by 2020.
To that end, he stressed the need for the sector to exert efforts to build and improve the image of Vietnamese tourism in order to keep pace with other countries in the region.
Vietnam welcomed 2.45 million international tourists in the first three months of this year, up 19.9 percent against the same period last year, while local tourists numbered 18.7 million. Revenues from tourism rose by 21.2 percent year-on-year.
This year, Vietnam hopes to welcome 8.5 million foreign visitors and 60 million domestic travellers, earning a total of 370 trillion VND (16.8 billion USD) in revenue.
In 2015, the country welcomed around 8 million international tourists and catered for 57 million domestic travelers, grossing 330 trillion VND (14.85 billion USD) in revenue.-VNA
The tourism sector will continue with extensive promotional activities to increase the number of foreign travellers to Vietnam, with focus on new and potential markets.
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Outcomes of occupational skill evaluation programmes under the 2013 Vietnam Tourism Occupational Standards were reported at a workshop in Hanoi on April 7.
More than one million international visitors have entered Hanoi from the outset of 2016, a 25 percent surge year-on-year, and the strongest growth recorded by the tourism sector in recent years.
In the first seven months of this year, retail sales of goods were estimated at approximately 3.05 quadrillion VND, accounting for 76.4% of the total revenue and rising by 7.8% compared to the same period last year.
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Foreign direct investment (FDI) inflows into Ho Chi Minh City rebounded strongly in the first seven months of 2025, reaching nearly 6.2 billion USD, up 45.67% year-on-year after a slowdown last year.
To meet the ambitious annual target of 47–48 billion USD, the sector must now achieve monthly exports of over 4 billion USD during the remaining months of the year.
The Airbus A321NX is the first in a fleet of eight modern aircraft scheduled for delivery and operation throughout 2025, marking the beginning of Sun PhuQuoc Airways’ carefully planned investment strategy to build a modern fleet operating with safety, stability, and world-class standards.
Experts say that after over a decade of implementation, the credit growth quota policy is currently inappropriate and is criticised for creating an “ask and give mechanism”, hindering people and businesses from accessing bank loans.
The country's industrial growth in the period was largely fuelled by the manufacturing and processing sector, which expanded by 10.3% and contributed 8.5 percentage points to the overall IIP.
VietnamUSA.Arobid.com is Vietnam’s first B2B e-commerce platform dedicated to helping Vietnamese enterprises access the US market, a vast and promising market, yet one that is highly demanding in terms of standards, tariffs, and distribution channels.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Foreign visitors in Vietnam (Photo: VNA)
