Tourism and economic development in Vietnam

Annals of Tourism Research, 1994

2019

The external environment has deteriorated during the first half of 2019, and downside riskspredominate in the near-term. Global GDP growth is projected to decline to 2.6 percent in 2019 from 3 percent in 2018, reflecting broad-based weakness in advanced economies and major Emerging Market and Developing Economies. Reflecting slower growth and heightened policy uncertainty associated with protected trade tensions, global trade growth is protracted to weaken further from 4.1 percent in 2018 to 2.6 percent in 2019. Downside risks include a further escalation of trade disputes between the world's two largest trading nations, while a more pronounced downturn in global activity and increased volatility in financial flows. Amidst rising global headwinds, Vietnam's economic growth momentum has been slowing since the beginning of the year. Vietnam's real GDP growth has decelerated to a still robust 6.8 percent in the first quarter of 2019 from a vibrant 7.5 percent pace in the sa...

2011

Since 2001, Lao PDR tourism sector ranked second in terms of foreign exchange earnings after the mining and quarrying sector. Over two million international tourists visited the country in 2010, generating US$313million tourism receipts (LNTA, 2010). The tourism sector is regarded as one of the fastest growing sector economies in the country. Despite its importance, there has been no in-depth analysis of tourism's contribution to the economy. This study investigates the economic impacts of tourism on the Lao PDR economy. Using a visitors' expenditure survey and input-output models, the tourism sector was disaggregated from rest of the economy. The economic multipliers and inter-industry linkages of the 14 economic sectors for 2003 and 2008 were analyzed using SimSIP SAM Software. Tourism stakeholders' perceptions of the country's tourism were also analyzed. The results revealed that tourism is the leading sector in the country impacting positively on the economy during 2003-2008. Tourism contributed 7.5 percent to the national GDP and one in every seven people depended on tourism related businesses as their major employment in 2008. The multiplier results showed tourism contributes significantly to the economy in terms of generating output, value added and employment. However, the income multiplier was insignificant indicating high imports and relatively low income from tourism. The results further indicated that the indirect and induced impacts grew faster than the direct impacts of the tourism sector indicating tourism's secondary impacts are potentially important to the economy. The tourism normal and ratio multipliers are among the top three economic sectors demonstrating tourism substantial contribution on the economy. The higher average backward and forward linkages of the tourism sector compared with other economic sectors during 2003-2008 imply the sector's greater dependency on the domestic economy. Inter-industry linkages analysis showed tourism is a key sector in creating demand and stimulating production within the sector as well as other sectors of the economy. Tourism stakeholders also perceived that tourism was a catalyst in expanding businesses and generated iii positive impacts such as increased income, output and employment at local and national levels. The stakeholders also underlined some negative impacts such as cultural change, unsafe migration, human trafficking and the degradation of natural and heritage sites in the country.

Palarch's Journal of Archeology of Egypt/Egyptology, 2021

Amongst all tourism destinations, South Central Coastal provinces are the most eminent ones as they play a significant role in the sectorial, local and national socioeconomic development in Vietnam. Amongst those provinces, Binh Thuan province is always in the spotlight as an object of interest of many tourists, tourism companies and reseachers. In this article, we present the so far comprehensive process of tourism development of this specific tourism region. Reviewing the latest literature on the topic and subject of research, we identify diverse factors and carry out analysis on how they impact the tourism development of this province. Based on the presented potentials and panorama picture of Binh Thuan province tourism industry and based on the obtained research results in this paper, we deliver several solutions boosting its future development in the next 5-year period.

Asia Pacific Journal of Tourism Research

This paper proposes that the development of the tourism accommodation sector in Vietnam, since the inauguration of the open door policy within the reform programme of doi moi, can be divided into five periods. This periodization is based on a study and analysis of the evolving roles of accommodation-providers in Vietnam tourism and the shifting patterns of state-owned enterprises, foreign direct investment and private businesses/small and medium-sized enterprises in this sector. Each period, and each transition between consecutive periods, is investigated in terms of the dynamics of interrelations between public, private and foreign operators, and the interaction of the accommodation sector with other political, social and economic factors in Vietnam during this era of transition. The paper concludes by identifying factors and trends that best characterize the evolution of Vietnam's tourism accommodation sector over the last two decades.

International Journal of Research in Marketing Management and Sales

This article points out the main tourism products and services of two important province of Vietnam, one in the North and one in the South and shows how to develop tourism industry globally. This article, by comparative analysis, also shows how to take advantages of the given potential to develop international offer of tourism products and services in case of these provinces in general strategy of tourism development of the country.

Cam Pha city with its investment strategy in service and tourism sectors to gradually shift the economic structure from "brown to green" has become the growth fulcrum of Quang Ninh province, Vietnam. The article has collected secondary data sources and used statistical, systematic, generalized and synthetic methods to analyze the tourism development of Cam Pha city in the process of economic restructuring from "Brown Growth" to "Green Growth". The article used the SWOT model to clarify the strengths, weaknesses, opportunities and challenges in Cam Pha tourism development, and evaluate tourism's contributions to the socioeconomic development of Cam Pha city. The research also pointed out the limitations in the process of economic restructuring from brown to green is that the proportion of the tourism industry has decreased in recent years, despite being the focus of the city's development. Based on the above analysis, the article has proposed the following recommendations: strengthen administrative reform; improve the efficiency of state management of socioeconomic ; strengthen tourism promotion, protect the environment and improve the ability to respond to climate change.

Staying at the strategic place in the South East Asia, Vietnam is a high-populated, low middle-income developing country. Although it has recently attained some recognized achievements in social and economic development, and international integration, the country is facing big opportunities and challenges of improving its competitive ability and business environment. The Government's development strategy towards 2025 has considered the tourism industry as one of the most powerful competitive abilities of Vietnam. Being at the central of the South East Asia and the Asia-Pacific area, Vietnam got a long and beautiful coastal line from North to South, with many attractive, local specialities. Many nature beauty spots have been globally recognized by UNESCO not only for their unique attraction but also their historical and cultural value. Besides the natural and physical cultural heritage (Ha Long Bay, Sa Pa, Phong Nha – Ke Bang National Park, Cam Ranh Bay, Son Doong cave, Mekong Delta, the Complex of Hue monuments, Hoi An ancient town, etc), Vietnam is also proud of its intangible cultural heritage like: Nha Nhac – Vietnamese court music, Ca Tru singing, worship of Hung King, or the space of Gong culture in the Central Highland, etc. However, the tourism services in Vietnam are not high appreciated in compare with its neighbours. To attract tourists come from other international markets with high incomes and demand, Vietnamese tourism businesses and authorities need to understand the customer behaviour, purchasing intention and attitude, and other influencing factors so that the tourism marketer 2 will be able to highlight and enhance the Vietnamese tourism image in the international visitors' perception, especially in our priceless cultural heritage. Besides, once the local people realize the advantages from doing tourism, they will realize the necessity of retaining the traditional professionals, cultural customs and natural environment for their long-term benefits. It would be the basement for local government to plan the general strategy for sustainable development, especially for rural and mountainous areas. Thus, the papers are inclusive of 5 parts as below:

Humanities and Social Sciences Review LLC, 2017

This study was conducted to theoretically develop and empirically study a structural model of factors that might have impact on the development of Ho Chi Minh City's tourism thus in the hope to improve its current weaknesses on all the variables tested in this study from the tourists' perspective. The proposed hypotheses that attempted to identify the structural relationship among the 5 construct model to examine through the series of analysis based on the various variables such as perceived tourism perception of Ho Chi Minh City's transportation, amenities, attractions and human resources. The principal guideline of this study is to provide supports for Ho Chi Minh's tourism service providers and decision makers in the process for tourism planning and long-term sustainability of tourism destinations. These people should have solid knowledge and direct participation in the tourism planning and development and having long term observation and interactions with their important role in managing tourism industry and bring forward Ho Chi Minh City as one of the preferred tourist destination in the world. The study had collected 249 usable survey questionnaires from the simple random sampling throughout 20 medium and big hotels in Ho Chi Minh City. From the research findings and tests, attraction emerges as the most influencing factor which has an implication that Ho Chi Minh City should invest in establish new or improve existing tourism attractions for the City. Additional findings that would benefit the tourism development in particular to the economic growth to the nations thus it is very important that Ho Chi Minh City should support enhancement of tourism strategies for destination competitiveness.

Annals of Tourism Research, 2016