Forecast: International Tourism Expenditures in Vietnam

International tourism expenditures in Vietnam have shown a marked upward trend from 2013 to 2023, rising from $2.05 billion to $8.33 billion. The sector experienced steady growth, with percentage increases peaking at 35.66% in 2015. However, the COVID-19 pandemic caused a significant contraction with a 32.51% decline in 2020, followed by recovery signs in subsequent years. By 2023, the volume had risen by 15.49% over the previous year. The average annual growth over the last five years, despite pandemic impacts, was 7.09%.

Future trends to watch for include:

• Continued recovery and expansion, with the five-year CAGR forecasted at 4.83%.
• Potential impacts of global economic stability and evolving traveler preferences.
• Emergence of sustainable and eco-tourism as growth areas.
• Influence of improved infrastructure and digital technologies on tourism services.