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Vietnam Travel and Tourism Industry Contributed 13% to Economy in 2009 Says New-Report

2010-04-02 (GMT + 7)

According to the report “Vietnam Tourism Industry Forecast to 2012” available at the tourism sector of Vietnam is projected to grow at double-digit growth rate in near future, owing to a rise in private sector investment. As the country attracts tourists from all over the world, majority of private players have started investing in the country’s hospitality sector. With several upcoming events in 2010, there will be an increased demand for rooms in the hospitality industry. In this regard, we have done extensive analysis of various segments of the tourism market in Vietnam.

Vietnam is one of the most popular tourist destinations in the Asia-Pacific region and its tourism industry has been growing over the past few years. In 2009, despite the global recession, the travel and tourism industry is estimated to have contributed 13.1% of the GDP to the Vietnamese economy. Being a source as well as destination market, the Vietnamese tourism industry has grown nearly twice as fast as GDP in recent years. The government’s support has been the key driving force for this industry. The government has been spending readily on the promotional activities all around the world to boost the nation’s tourism industry. The domestic tourism grew at a high rate during 2008-2009.
The baseline for the optimistic future outlook projected in this 60 page report is that the there has been an increase in the number of outbound and domestic tourism. Due to the rapid economic growth, increasing disposable income and large share of young population, the tourism industry in Vietnam will show positive growth in the coming years. Increase in MICE tourism will also favour the country’s tourism market over the forecast period (2010-2013).
The report “Vietnam Tourism Industry Forecast to 2012” is available from Report Buyer.
Report Buyer is the independent online store for global business information. The website now lists more than 120,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers. Thousands of professionals from across the world make their first choice in their search for quality business insight.

(Source: eglobaltravelnews)

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