Travel & Tourism in Vietnam
Summary
Travel & Tourism in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Vietnamese travel & tourism industry recorded revenues of $20.7 billion in 2023, representing a compound annual growth rate (CAGR) of 0.5% between 2018 and 2023.
- The passenger airlines segment accounted for the industry's largest proportion in 2023, with total revenues of $11.6 billion, equivalent to 56.2% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Vietnam reached $7.8 billion in 2023, reflecting a 6.8% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Vietnam
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam travel & tourism market with five year forecasts
- What was the size of the Vietnam travel & tourism market by value in 2023?
- What will be the size of the Vietnam travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Vietnam travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Vietnam Airlines JSC
- 8.2. Saigon Hotel Corp
- 8.3. Lotteria Vietnam
- 8.4. Vietravel
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Vietnam travel & tourism industry value: $ million, 2018-23
- Table 2: Vietnam travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Vietnam travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Vietnam travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Vietnam travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Vietnam Airlines JSC: Key Facts
- Table 7: Vietnam Airlines JSC: Annual Financial Ratios
- Table 8: Vietnam Airlines JSC: Key Employees
- Table 9: Saigon Hotel Corp: Key Facts
- Table 10: Saigon Hotel Corp: Annual Financial Ratios
- Table 11: Saigon Hotel Corp: Key Employees
- Table 12: Lotteria Vietnam: Key Facts
- Table 13: Lotteria Vietnam: Key Employees
- Table 14: Vietravel: Key Facts
- Table 15: Vietravel: Annual Financial Ratios
- Table 16: Vietravel: Key Employees
- Table 17: Vietnam Size of Population (million), 2019-23
- Table 18: Vietnam Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Vietnam GDP (Current Prices, $ Billion), 2019-23
- Table 20: Vietnam Inflation, 2019-23
- Table 21: Vietnam Consumer Price Index (Absolute), 2019-23
- Table 22: Vietnam Exchange Rate, 2018-23
- List of Figures
- Figure 1: Vietnam travel & tourism industry value: $ million, 2018-23
- Figure 2: Vietnam travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Vietnam travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Vietnam travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Vietnam, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Vietnam, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Vietnam, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Vietnam, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Vietnam, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Vietnam, 2023
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