From 2013 to 2023, Vietnam's international tourism receipts grew significantly, despite notable fluctuations, standing at $13.339 billion in 2023. Year-on-year variations reveal strong positive growth until 2019, followed by a steep decline in 2020 due to the global pandemic, and an impressive recovery in subsequent years. Specifically, 2022 and 2023 saw variations of 39.75% and 21.57% respectively, with a 5-year CAGR of 5.76% up until 2023.
Forecasts from 2024 to 2028 anticipate continued steady growth, though at a slightly reduced pace, with a CAGR of 2.65% and an overall growth rate of 13.96% over five years.
Future trends to watch for:
- Sustainable tourism practices and their adoption.
- Influence of geopolitical stability on tourism flows.
- Role of digital transformation in enhancing tourism experience.
- Impact of regional cooperation and agreements on tourism growth.