The Tourism Revenue in Vietnam is anticipated to grow at a CAGR of around 13% during 2012-2015

Vietnam has become one of the most popular tourist destinations in the South-east region. The country’s tourism industry has been growing unprecedentedly over the past few years with rising domestic as well as international tourists. The travel & tourism industry accounted for 10% of the GDP in the Vietnamese economy during 2011. The government’s support has been the key driving force for this industry. The government has been readily spending on the promotional activities across the world to boost the nation’s tourism industry. According to our new research report “Booming Tourism Sector in Vietnam”, the country is witnessing healthy growth, both in terms of international and domestic tourists. In 2011, the international and domestic tourists increased by 20% and 7.5%, respectively as compared to the previous year. Moreover, it is expected that the tourism industry will continue to grow rapidly in the coming years on the back of its favorable demographic profile and increasing promotional activities by the government. The tourism revenue in Vietnam is anticipated to grow at a CAGR of around 13% during 2012-2015.
 
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