Tourism contributes to GDP

17:05 | 25/05/2016 Entertainment

(VEN) - The tourism sector contributed VND584.88 trillion, or 13.9 percent of the country’s gross domestic product (GDP), last year, according to the Travel and Tourism Economic Impact 2016 survey announced by the World Travel and Tourism Council (WTTC).

Tourism contributes to GDP

Tourism and travel are predicted to grow fast in the coming time

Tourism alone made up VND279.29 trillion of the contributed amounts, equivalent to 6.6 percent of the GDP, with the main contributors including the hospitality and transport services.

Tourism and travel have employed 2,783,000 workers, accounting for 5.2 percent of the country’s total employed, including more than six million indirect workers, making up 11.2 percent.

Last year, foreign tourists to Vietnam spent more than VND213 trillion, accounting for 5.6 percent of the country’s total export value. Tourism and travel also attracted more than VND113 trillion, making up 10.4 percent of the country’s total investment.

Considering Vietnam’s achievements in tourism and travel contribution to GDP, the WTTC ranked it 40 of 184 across the world.

According to the WTTC, the prospects for tourism and travel development are bright this year despite regional economic difficulties and social instabilities, with increased contributions to the gross world product (GWP). Global tourism and travel is expected to grow faster than the world economy.

The WTTC predicted that direct tourism and travel contribution to GDP would increase by 7.2 percent annually, hitting more than VND293 trillion this year and VND587.59 trillion by 2026, while the total contribution to GDP would also increase the same percentage and hit VND1,232.6 trillion by 2026.

Investment in tourism and travel would increase 7.7 percent this year and average at 6.5 percent during the 2016-2026 period, hitting VND229.86 trillion by 2026. Foreign tourist expenses on tours to Vietnam would increase 2.2 percent this year and average at 6.8 percent during the 2016-2026 period, hitting more than VND422 trillion by 2026, while domestic tourists would spend about VND175.7 trillion this year and more than VND321 trillion by 2026.


 

Over the next decade, the world tourism and travel are predicted to grow faster than the world economy and create more than 370 million jobs, which requires countries across the world to focus more on facilitating the development of tourism and travel through improving links between global destinations and effectively promoting public-private partnerships.

 

Thanh Tam

 

Theo ven.vn