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Vietnam’s tourism sector generates $10.7 billion in revenue in four months

The sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the same period
Vietnam’s tourism sector generates $10.7 billion in revenue in four months
Vietnam's international visitors surged by 68.3 percent in 2024

Vietnam’s tourism sector welcomed in the first four months of this year over 6.2 million foreign visitors and 40.5 million domestic tourists, according to the Vietnam National Authority of Tourism (VNAT). The sector generated a revenue of approximately VND271.4 trillion (equivalent to nearly $10.7 billion), as reported by the state news agency (VNA).

Comparing the figures to the same period in 2023, the number of international visitors saw a remarkable increase of 68.3 percent. In April alone, Vietnam received more than 1.5 million foreign visitors. The overall number of tourists visiting Vietnam in the four-month period was 3.9 percent higher than the pre-COVID-19 period, indicating a positive recovery and growth in the tourism sector, as stated by the VNAT under the Ministry of Culture, Sports, and Tourism.

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Among the foreign tourists, the Republic of Korea (RoK) remained the largest source, accounting for 25.8 percent of the total international arrivals, with 1.6 million visitors. Asia emerged as the leading regional contributor, with a 77.2 percent year-on-year increase in the number of Asian visitors. The growth was primarily driven by tourists from major markets in Northeast Asia, including China, the RoK, and Japan. Additionally, Southeast Asian markets such as Indonesia, the Philippines, and Malaysia also witnessed positive growth in visitor numbers.

The European market also experienced significant growth, primarily due to the implementation of a favorable visa policy since August 15, 2023. Key European markets, including the U.K., France, Germany, Italy, Spain, and Russia, recorded strong increases in tourist arrivals, with growth rates ranging from 35.2 percent to 77.4 percent.

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