Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM BECOMES THE FASTEST-DEVELOPING TOURISM DESTINATION IN SOUTHEAST ASIA

Breathtaking natural beauty with postcard-perfect beaches, like Kem Beach – Phu Quoc, are the key reasons travelers fall in love with Vietnam. PHOTO: FATEL BELEK
HCMC – With an impressive 98% tourism recovery rate post Covid, Vietnam has outpaced both Thailand (87.5%) and Singapore (86%) to become the fastest-developing tourism destination in Southeast Asia, according to Bloomberg.
In January 2025 alone, Vietnam reported over 2.1 million international arrivals, marking a 36.9% increase compared to the same period last year, according to statistics from Footprint Travel. Visitor numbers from Russia soared by more than 116%, while major European markets—including the UK, France, Germany, and Italy—recorded robust double-digit growth.
In 2024, the country welcomed 17.5 million international arrivals, surpassing Singapore to become the third most-visited country in the region, behind Thailand (35 million) and Malaysia (25 million).
Phu Quoc, Halong and Danang are three destinations that have contributed significantly to these impressive results. Phu Quoc alone received nearly 2.1 million foreign tourists in January, a nearly 37% year-on-year increase. Danang reported a 42.1% rise in international arrivals in the first quarter of 2025, while Halong continues to draw strong visitor interest thanks to its globally recognized natural wonders.
All three destinations are renowned for their beaches. From the tranquil white sands of Kem and Sao beaches in Phu Quoc to the vibrant atmosphere of My Khe Beach in Danang, Vietnam’s coastline has become a defining attraction. In contrast, Halong captivates with its UNESCO-recognized heritage bay, home to thousands of majestic limestone islets.
Beyond natural beauty, what sets these destinations apart is their fully integrated tourism infrastructure. Entertainment complexes, luxury resorts, and global hospitality brands are transforming these scenic spots into comprehensive travel hubs.
Vietnam’s strong growth in the tourism sector is not solely due to its scenic offerings. Flexible visa policies and an expanding flight network are playing a crucial role in making the country more accessible. A streamlined e-visa system, along with selective visa waivers for citizens of numerous countries, is helping position Vietnam as a friendly and easy-to-reach destination for international travelers.
Source: The Saigon Times
Related News
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
























