Tourism sector strives to be spearhead economy by 2020
The tourism sector will strive to become a spearhead economy with a average annual growth rate of 11-12 percent by 2020, stated new Minister of Culture, Sports and Tourism Nguyen Ngoc Thien.
Hanoi (VNA) – The tourism sector will strive to become a spearhead economy with a average annual growth rate of 11-12 percent by 2020, stated new Minister of Culture, Sports꧃ and Tourism Nguyen Ngoc Thien.
Speaking at a ceremony to assume office in Hanoi on April 14, Thien shared that the sector sets a target of serving 12-13 million foreign arrivals and 48-50 million domestic tourists by 2020.
To that end, he stressed the need for the sector to exert efforts to build and improve the image of Vietnamese tourism in order to keep pace with other countries in the region.
Vietnam welcomed 2.45 million international tourists in the first three months of this year, up 19.9 percent against the same period last year, while local tourists numbered 18.7 million. Revenues from tourism rose by 21.2 percent year-on-year.
This year, Vietnam hopes to welcome 8.5 million foreign visitors and 60 million domestic travellers, earning a total of 370 trillion VND (16.8 billion USD) in revenue.
In 2015, the country welcomed around 8 million international tourists and catered for 57 million domestic travelers, grossing 330 trillion VND (14.85 billion USD) in revenue.-VNA
The tourism sector will continue with extensive promotional activities to increase the number of foreign travellers to Vietnam, with focus on new and potential markets.
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Outcomes of occupational skill evaluation programmes under the 2013 Vietnam Tourism Occupational Standards were reported at a workshop in Hanoi on April 7.
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According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
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Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Foreign visitors in Vietnam (Photo: VNA)
