Vietnam master plan to optimize sea, island tourism resources

By Minh Hue
Fri, June 14, 2024 | 8:31 pm GMT+7

Vietnam's tourism sector will orient itself towards optimizing sea and island resources to develop products that can compete with regional countries, particularly in beach resorts, marine eco-tourism, and cruise tourism.

Cruise liners in Ha Long Bay, a UNESCO-recognized world natural heritage site in Quang Ninh province, northern Vietnam. Photo courtesy of the government's news portal.

Cruise liners in Ha Long Bay, a UNESCO-recognized world natural heritage site in Quang Ninh province, northern Vietnam. Photo courtesy of the government's news portal.

The orientation is set in a tourism master plan for the 2021-2030 period, with vision until 2045, that was approved Thursday by Deputy Prime Minister Tran Hong Ha.

Under the new plan, the country will develop high-end beach resort hubs with strong brands in the international market.

Vietnam will also promote regional cultural values as a foundation for building tourism products associated with its heritages, festivals, landscapes, lifestyles and cuisine.

It will also develop eco-tourism products based on the nation’s natural resources, especially in terms of world biosphere reserves, national parks, nature reserves and marine reserves.

Attention will be paid to diversifying tourism products in line with new trends including wellness tourism, agri-tourism, sports tourism, adventure tourism, MICE tourism, educational tourism; cruise tourism and industrial tourism.

The master plan emphasizes the aim to turn tourism into a truly spearhead economic sector with green growth by 2030. It targets 25-28 million international arrivals and 130 million domestic tourists by 2025.

By 2030, the number of international tourists is hoped to reach 35 million, an annual increase of 13-15%; while that of domestic tourists would go up to 160 million, a 4-5% annual increase.

Tourism is expected to directly contribute 8-9% and 13-14% of GDP by 2025 and 2030, respectively. The master plan envisages the tourism sector creating about 6.3 million jobs, including 2.1 million direct jobs by 2025 and 10.5 million jobs, including 3.5 million direct ones, by 2030.

Vietnam has been working particularly hard to recover and sustain the growth of domestic tourists in the 2021-2025 five-year period. It has also been looking to tap the high-spending, longer-staying tourism segment.

In the same period, efforts are also being made to revive traditional markets and attract emerging ones like India and Middle Eastern countries.

In the next five years, 2026-2030, it will intensify efforts to boost sports and adventure tourism; and to maintain and expand traditional markets in Northeast Asia, Southeast Asia, Europe, North America, Russia, Eastern Europe and Oceania. Diversifying markets to increase the proportion of high-spending travellers will be a special focus during this period.

By 2045, the master plan eyes 70 million international arrivals, about VND7,300 trillion ($28.68 billion) in tourism revenue, and the sector accounting for 17-18% of the nation’s GDP.

This would make Vietnam an outstanding destination in the world and one of the countries with the strongest tourism development in the Asia-Pacific region.

Vietnam recorded 7.6 million international arrivals from January-May, up 64.9% year-on-year. The figure exceeded the same period of pre-pandemic 2019 by 3.9%.

The country targets 18 million international visitors in 2024, equal to the 2019 pre-pandemic level. It was 12.6 million in all of 2023, up 240% year-on-year, the General Statistics Office reported.

Comments (0)
  • Read More
Vietnam plans to cut import tax for LNG to 2%

Vietnam plans to cut import tax for LNG to 2%

Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.

Energy - Fri, March 28, 2025 | 4:31 pm GMT+7

AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities

AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities

The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.

Energy - Fri, March 28, 2025 | 4:06 pm GMT+7

Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh

Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh

Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).

Industries - Fri, March 28, 2025 | 4:05 pm GMT+7

Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects

Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects

Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.

Energy - Fri, March 28, 2025 | 1:09 pm GMT+7

While the buzz around a market upgrade is back, who is this milestone for?

While the buzz around a market upgrade is back, who is this milestone for?

A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.

Consulting - Fri, March 28, 2025 | 10:31 am GMT+7

Vietnam's private lender VIB seeks strategic shareholders: chairman

Vietnam's private lender VIB seeks strategic shareholders: chairman

Vietnam International Bank's (VIB) board of directors is now in discussions with banks and investment funds to find suitable partners for the lender, ensuring a mutually beneficial partnership that goes beyond finance.

Banking - Fri, March 28, 2025 | 8:31 am GMT+7

Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam

Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam

Vietnam’s leading tech group FPT on Thursday inaugurated its high-tech and semiconductor R&D center at the Danang Software Park No. 2 in the central city of Danang.

Industries - Fri, March 28, 2025 | 8:00 am GMT+7

HCMC's international financial center development to be phased out: city leader

HCMC's international financial center development to be phased out: city leader

Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.

Economy - Thu, March 27, 2025 | 11:11 pm GMT+7

Car producers in Thailand postpone export models

Car producers in Thailand postpone export models

Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.

Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7

Indonesia approves $7 bln budget for food security in 2025

Indonesia approves $7 bln budget for food security in 2025

Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.

Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.

Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.

Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.

Companies - Thu, March 27, 2025 | 8:10 pm GMT+7

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.

Energy - Thu, March 27, 2025 | 4:16 pm GMT+7

Vietnam giant VinFast moves to expand EV service in Philippines

Vietnam giant VinFast moves to expand EV service in Philippines

VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.

Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7

Vietnam's MobiFone officially launches 5G services

Vietnam's MobiFone officially launches 5G services

MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.

Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7