Int’l research firm predicts vigorous growth in tourism sector

The Vietnamese tourism industry will see a two-digit growth thanks to an increase in private investment in this sector, says RNCOS, a leading global market research and information analysis company.

The company reported on March 16 that many private investors have poured large amounts of money into the tourism industry as the demand for accommodation surged in the context of various activities in celebration of the coming 1000^th anniversary of Thang Long-Hanoi.

Its report on the Vietnamese tourism industry until 2012 says that the country will attract many tourists from around the world. MICE (Meeting-Incentives-Conferences-Exhibitions) services will also soar in the 2010-2013 period.

Also, the report forecasts a surge in outbound tours alongside the rapid economic growth of the Vietnamese economy in recent years, with people’s incomes increasing considerably and a high percentage of young workers in the country’s population.

RNCOS remarks that Vietnam is among the most favoured destinations for tourism in the Asia-Pacific region.

In 2009, it says, tourism accounted for 13.1 percent of the GDP of the Southeast Asian country and grew at a pace double that of the GDP. RNCOS attributed these achievements to the government’s assistance, especially in promoting the sector all over the world.

Tags: Vietnam Tourism, Vietnam tourism growth, Vietnam tourism sector