Friday, June 28, 2024 The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has unveiled that Vietnam’s Travel & Tourism sector is poised to contribute a record đ770.8TN to the national economy this year. The latest research indicates that the sector’s economic contribution will surge 13% beyond 2019 levels, making up over 7% of Vietnam’s overall economy.
Employment supported by Travel & Tourism is anticipated to grow 6%, reaching 5.96 million jobs, which will account for one in nine jobs nationwide. While domestic travelers are projected to spend a record đ434.
7TN this year, 20% above 2019, international visitor spending is expected to remain 4.2% below 2019, totaling đ264.8TN.
Julia Simpson, WTTC President & CEO, said; “Vietnam’s impressive Travel & Tourism recovery showcases the sector’s resilience and potential, driving economic growth and creating millions of jobs across the country. “Our data shows the Travel & Tourism sector is on track to meet the government’s goals set out in the 2030 Tourism Development Strategy, with almost 6MN jobs expected to be supported by the sector this year.” Data indicates that domestic visitor spending fully recovered last year, with the sector’s economic contribution and jobs nearly reaching 2019 levels.
The global tourism body’s latest research shows that Vietnam’s tourism sector contributed đ682.7TN to GDP, a year-on-year growth of almost 30%, just 0.2% shy of 2019.
Jobs supported .
