7M tourism revenue in HCMC up 16.6% y-o-y

09 Aug 2018

Tourism revenue in Ho Chi Minh City in the first seven month has been estimated at VND75.5 trillion ($3.2 billion), up 16.6 per cent against the same period last year, which had itself risen 13.3 per cent, and representing 54.71 per cent of the annual plan, according to the Ho Chi Minh City Department of Planning and Investment.

International visitors stood at 627,125 in July, up 49.55 per cent year-on-year and bringing the total in the first seven months to an estimated 4.45 million, up 37.7 per cent year-on-year and representing 59.47 per cent of the annual plan of 7.5 million.

The growth extended to the transport industry. Total revenue from goods and passenger transport and loading in July was estimated at VND8.9 trillion ($382.3 million), up 2.7 per cent over June and 9.3 per cent year-on-year.

The transport sector had 1,001 newly-established enterprises in the first seven months with registered capital of VND6.6 trillion ($283.5 million), up 40.24 per cent year-on-year in capital. There were also 21 new foreign projects with total investment of $11.42 million, up 58.01 per cent year-on-year in capital.

Revenue from passenger transport in July was estimated at VND2.4 trillion ($103.05 million), up 2.8 per cent against June. The non-State sector accounted for 74.3 per cent, up 16.3 per cent year-on-year, and the foreign-invested sector 24.4 per cent, up 22.9 per cent. Road transport revenue accounted for 75.6 per cent, up 16.0 per cent.

Mr. Bui Ta Hoang Vu, Director of the Ho Chi Minh City Department of Tourism, said it will focus on introducing a number of tourism events in August, such as the Ho Chi Minh City Street Show and the Ho Chi Minh City International Travel Fair, 2018 (ITE HCMC 2018)- VietnamEconomicTimes.


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