Vietnam fulfills half of 2024 foreign tourist goal

By Hai Yen
Sun, June 30, 2024 | 11:12 am GMT+7

Vietnam welcomed 8.8 million foreign tourist arrivals in the first half of 2024, reaching nearly half of its inbound tourism target of 18 million this year, according to the General Statistics Office (GSO).

 Number of foreign tourists in Vietnam from January-June, 2024. Source: GSO.

Number of foreign tourists in Vietnam from January-June, 2024. Source: GSO.

The six-month tally, including 1.2 million in June (up 28.1% year-on-year), was a 58.4% year-on-year rise and surpassed the same period of pre-pandemic 2019 by 4.1%.

This marks a positive sign for Vietnam’s inbound tourism sector amid off-season international travel, the Vietnam National Authority of Tourism said.

By region, Asia still tops the list of foreign visitors to Vietnam in H1, with 6.94 million arrivals, up 65.7% year-on-year. Europe ranked second with nearly 1.06 million (up 52.4%), followed by the Americas with 536,800 (up 13.4%) and Oceania with 266,600 (up 31.8%).

Foreign visitors tour UNESCO-recognized Hoi An ancient town, Quang Nam province, central Vietnam. Photo courtesy of Mekong ASEAN magazine.

Foreign visitors tour UNESCO-recognized Hoi An ancient town, Quang Nam province, central Vietnam. Photo courtesy of Mekong ASEAN magazine.

Regarding countries and territories, South Korea has been leading the tourist rush to Vietnam since the latter’s reopening in March 2022 following the pandemic, except for May when South Korea was overtaken by China.

South Korea made up the biggest share of 2.28 million in H1, or 30%; followed by mainland China with 1.89 million (25%), Taiwan with 630,000 (7.15%), and the U.S. with 415,000 (4.7%).

The Northeast Asian region continues to provide the biggest boost to Vietnam’s inbound tourism revival, with mainland China witnessing the fastest year-on-year growth rate of 339.4%.

In the six-month period, air travel was the most popular mode of transportation for foreign visitors to Vietnam, with 7.4 million passenger arrivals, up 51.6% year-on-year.

At present, Vietnam unilaterally waives visa requirements for citizens from Germany, France, Italy, Spain, the UK, Russia, Japan, South Korea, Denmark, Sweden, Norway, Finland, and Belarus. They can stay for 45 days from the date of entry, regardless of passport types and entry purposes.

Foreign Minister Bui Thanh Son said in March that his ministry was in negotiations with 15 countries to mutually exempt visas for citizens to boost tourism.

Comments (0)
  • Read More
Vietnam's pharma major Phytopharma posts 24% decline in Q2 profit

Vietnam's pharma major Phytopharma posts 24% decline in Q2 profit

Ho Chi Minh City-headquartered Phytopharma, one of the leading pharmaceutical firms in Vietnam, reported an after-tax profit of VND15 billion ($57,340) in the second quarter of this year, down 24% year-on-year.

Companies - Tue, July 29, 2025 | 9:30 am GMT+7

Vietnam Rubber Group proposes renewable energy investment in central province

Vietnam Rubber Group proposes renewable energy investment in central province

The state-controlled Vietnam Rubber Group (VRG) is eyeing opportunities to study renewable energy development on rubber plantation land in the central province of Gia Lai, in line with a new resolution by local authorities.

Companies - Tue, July 29, 2025 | 8:00 am GMT+7

Vietnam's retail giant Mobile World posts record revenue in Q2

Vietnam's retail giant Mobile World posts record revenue in Q2

Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, delivered its highest-ever quarterly revenue in Q2/2025, rising nearly 10% from a year earlier to over VND37.52 trillion ($1.44 billion).

Companies - Mon, July 28, 2025 | 4:23 pm GMT+7

Techcombank named domestic retail bank of the year by Asian Banking & Finance for 4th consecutive year

Techcombank named domestic retail bank of the year by Asian Banking & Finance for 4th consecutive year

Techcombank has been named Domestic Retail Bank of the Year - Vietnam at the Asian Banking & Finance Retail Banking Awards 2025.

Companies - Mon, July 28, 2025 | 3:06 pm GMT+7

Navigating tariff shocks: Vietnam’s path forward through diversification

Navigating tariff shocks: Vietnam’s path forward through diversification

Market diversification is not a choice but an urgent necessity for Vietnam to safeguard export growth and mitigate risks from global policy and market fluctuations, writes Huong Vu, general director of EY Consulting Vietnam Joint Stock Company and vice chairwoman of Vietnam's Association of Foreign Invested Enterprises (VAFIE).

Consulting - Mon, July 28, 2025 | 2:16 pm GMT+7

UK Jadestone Energy seeks more cooperation with Petrovietnam

UK Jadestone Energy seeks more cooperation with Petrovietnam

UK Jadestone Energy, an independent upstream production and development company focused on the Asia-Pacific region, is eyeing opportunities to further cooperate with Vietnam's state giant Petrovietnam.

Energy - Mon, July 28, 2025 | 10:30 am GMT+7

Malaysia urges strengthening intra-ASEAN trade

Malaysia urges strengthening intra-ASEAN trade

Malaysia is focusing on strengthening the ASEAN economic framework by boosting intra-bloc trade to ensure the continuity of the region’s agenda, Malaysian Foreign Minister Datuk Seri Mohamad Hasan said last Thursday.

Southeast Asia - Mon, July 28, 2025 | 10:26 am GMT+7

Vietnam's fertilizer major PVFCCo launches new product using 100% potassium sulphate

Vietnam's fertilizer major PVFCCo launches new product using 100% potassium sulphate

Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo or Phu My Fertilizer), has officially introduced its new product to the market: NPK PHU MY 15-15-15+5S+TE SOP, an advanced nutritional solution that contributes to the sustainable development of Vietnam’s agricultural sector.

Companies - Mon, July 28, 2025 | 10:19 am GMT+7

Vietnam insurer MIC earns B++ credit rating, sets sights on becoming regional leading digital insurer

Vietnam insurer MIC earns B++ credit rating, sets sights on becoming regional leading digital insurer

Vietnam’s Military Insurance Corporation (MIC), listed on the Ho Chi Minh Stock Exchnage as MIG, has secured a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good), both with a stable outlook, from global credit rating agency AM Best.

Finance - Mon, July 28, 2025 | 9:55 am GMT+7

Military Bank leads in CASA ratio, securing spot among Vietnam’s Big 5 lenders

Military Bank leads in CASA ratio, securing spot among Vietnam’s Big 5 lenders

Hanoi-based Military Bank’s (MB) emerged as a banking sector leader in current account savings account (CASA) ratio from mid-2024 to Q1/2025, earning a spot among Vietnam’s Big 5 lenders.

Banking - Mon, July 28, 2025 | 9:44 am GMT+7

HCMC-based Thuduc House returns to profit under new board of directors

HCMC-based Thuduc House returns to profit under new board of directors

Thuduc Housing Development Corporation (Thuduc House) posted nearly VND19 billion ($726,720) in H1 net profit, a sharp turnaround from a loss of more than VND33 billion ($1.26 million) in the same period last year.

Companies - Mon, July 28, 2025 | 9:32 am GMT+7

HCMC institute proposes standardized EV battery recycling center

HCMC institute proposes standardized EV battery recycling center

As part of a roadmap to transition 400,000 vehicles to electric in Ho Chi Minh City, the municipal Institute for Development Studies (HIDS) has proposed building a standardized battery recycling center or plant capable of recovering up to 95% of the valuable metals in EV batteries.

Economy - Mon, July 28, 2025 | 9:00 am GMT+7

AI cannot match human empathy, creativity: fintech company exec

AI cannot match human empathy, creativity: fintech company exec

AI automates a range of repetitive office tasks such as data analysis and reporting but cannot have the same emotions and creativity as humans, said Colin Blackwell, chairman of Hyperion Fintech, a Swiss financial technology services company.

Executive Talk - Mon, July 28, 2025 | 8:05 am GMT+7

Over 80,000 online shops in Vietnam record no orders in H1

Over 80,000 online shops in Vietnam record no orders in H1

Vietnam’s e-commerce landscape is undergoing a more intense shakeout, with over 80,000 online shops recording no orders in the first half of 2025.

Economy - Mon, July 28, 2025 | 8:00 am GMT+7

Vietnam’s leading construction material maker Viglacera triples Q2 profit on industrial park leasing gains

Vietnam’s leading construction material maker Viglacera triples Q2 profit on industrial park leasing gains

Viglacera, Vietnam's leading construction material producer and industrial real estate developer, reported a 216% surge year-on-year in consolidated net profit in Q2/2025 to VND540 billion ($20.65 million).

Companies - Sun, July 27, 2025 | 10:51 pm GMT+7

Hanoi to begin construction of two major urban railway lines in late 2025

Hanoi to begin construction of two major urban railway lines in late 2025

Hanoi will break ground for two key urban railway projects in Q4/2025, as part of the city's long-term strategy to expand public transport system, thus easing traffic congestion.

Companies - Sun, July 27, 2025 | 1:52 pm GMT+7