The Vietnamese tourism industry has significant organic growth potential with robust growth interms of inbound tourists and revenue projected for the next five years. Tourism growth in FY16 and H117suggests strong double digit inbound tourism growth, much higher than originally forecast. Over the nextfive years, the outlook of the industry remains bright with strong annual international and domestic tourismhikes. BMI is of the opinion both domestic and international hotel groups will continue to invest generouslyinto the hotel industry as they look to capitalise on the fast-increasing arrival figures, particularly in theunderdeveloped spots. Furthermore, the active government support in bolstering the tourism economycontinues to assist in attracting higher numbers of foreign visitors. Inbound arrivals will be bolstered byincreasing interest from the Asia Pacific region, most notably China, South Korea and Japan, while thenumber of European arrivals will also be significant. This will also drive an increase in internationaltourism receipts, encouraging further investment from the government and private groups.
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