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Vietnam Today

Vietnam's tourism industry struggling

Released at: 10:36, 08/07/2015

Vietnam's tourism industry struggling

Seminar in Hanoi hears of problems besetting the industry.

by Hoai An

On July 7 the Central Economic Committee and the Vietnam Chamber of Commerce and Industry (VCCI) held a seminar entitled “Vietnam Tourism Development in the New Period” in Hanoi, attended by hundreds of domestic and international enterprises, managers, and professionals working in the tourism industry.

The limitations of Vietnam’s tourism industry were identified at the seminar, such as ineffective links between enterprises, low product quality, a lack of diversification, and limited product and destination operators. Although tourism infrastructure has gradually begun to receive proper investment it is still not comprehensive or effective.

The seminar also examined ways to boost Vietnam’s tourism development. The Chairman of the Central Economic Committee, Mr. Vuong Dinh Hue, spoke of the important task of orienting development strategies for the tourism industry. He also provided figures to show the development of the tourism industry and its impact on economic development. The total number of international tourists reached 7.8 billion in 2014, an increase of 30-fold in the 24 years since 1990. Domestic tourists also increased 35-fold.

Total revenue in the tourism industry in 2014 was VND230 trillion ($10.7 billion), accounting for 6 per cent of GDP and grew at an average of 18.7 per cent per year from 1990 to 2014. Foreign currency earned by the tourism industry was the fifth highest, following the four commodities of crude oil, textiles, footwear, and fisheries.

Both Mr. Hue and the Minister of Culture, Sports and Tourism Hoang Tuan Anh agreed that the conference should propose recommendations for the sustainable development of tourism to make it become a spearhead economic sector. Recommendations should include the restructuring of the industry, the establishment of a modern institutional framework and market rules, international integration, investment in infrastructure, coordination in tourism development, and supporting tourism enterprises.

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