Analysis of international tourism expenditures in Viet Nam shows a general upward trend from 2013 to 2028. In 2023, expenditures stood at 2.56 units of total imports. Between 2018 and 2023, the year-on-year variations generally show growth aside from a significant dip in 2020 due to the pandemic but rebounded strongly in subsequent years.

Year-on-year variations indicate remarkable swings: an increase of 28.39% in 2021 and 8.48% in 2023. Despite the pandemic-related drop in 2020, the compound annual growth rate (CAGR) for 2018-2023 shows a modest recovery, indicating resilience in the tourism sector.

Looking ahead, the forecasted CAGR from 2024 to 2028 is modest at 0.36%, with an overall growth rate of 1.83%. These projections suggest a stable but slow growth trajectory.

Future trends to watch for:

Potential impacts of global economic dynamics on tourism spending.
Improvements in infrastructure and service quality to attract high-spending tourists.
Shifts in tourist demographics and preferences post-pandemic.
Government policies aimed at boosting tourism and foreign investments.