Vietnam’s Q1 travel grows 7%

HANOI, 11 April 2019: International visitor arrivals to Vietnam for the first quarter of the year improved 7% to reach 4,500,114 visits.

During March the country registered 1,410,187 arrivals, up 5% over the same month last year.

Key takeaways from the first quarter lead off with Vietnam powering ahead on the back of substantial increases in Asian markets that supplied 3,390,392 visits up 7.5% in the first quarter.

Although China, the top supply market dominates with 1,281,073 visits, the performance slipped by 5.6% year-on-year, while second-placed Korea is narrowing the gap with 1,107,794 visits and clocking a growth rate of 24.1%.  If the two markets continue to perform this way, Korea could become Vietnam’s lead market when half-year results are announced.

Third-placed Japan, always a stable market for Vietnam, recorded 233,335 visits in the first quarter an increase of 8.3%

Taiwan also traditionally a strong source market for Vietnam in sixth place delivered 207 095 visits up by a remarkable 26%.

But there are other positive indicators that show emerging markets in Asia are performing better for Vietnam possibly due to the increase in low-cost airline services and visa-free entry.

Malaysia supplied 143,629 visits up 11.1%, while travel from Thailand with 124,558 visits improved 49.3% driven by a spike in low-cost flights and additional routes serving resort destinations.

An equally impressive growth rate of 24% generated 42,128 visits from the Philippines a relatively new market for Vietnam. All told six Asian markets registered double-digit growth. The odd-man-out, Singapore, generated 68,259 visits in the first quarter a marginal improvement of 0.7%.

Outside of Asia, the US continued as the fourth top supply market with 219,700 visits up 7% while in Europe Russia, in fifth place, delivered 215,618 visits an improvement of 6.2%

The bright spots in Europe included Norway, Switzerland, Denmark, Sweden and Italy all reporting double-digit growth rates, albeit on lower volumes when compared with traditional markets, the UK and France both up by 4% and Germany up 6%.

March 2019(estimate)
(Arrivals)

Accrued for 3 months of 2019(Arrivals)

March 2019 vs, February 2019 (%)

March 2019 vs, March 2018 (%)

3 months 2019 vs, 3 months 2018(%)

Total

1.410.187

4.500.114

88,8

105,0

107,0

By means of transportation

1. By air

1,092,967

3,516,263

87.0

102.3

104.5

2. By sea

20,147

75,034

65.6

74.2

62.6

3. By road

297,073

908,817

98.6

120.1

126.2

By markets

1. Asia

1,067,426

3,390,392

87.5

103.6

107.5

Thailand

44,606

124,588

127.9

178.3

149.3

Taiwan

65,390

207,095

83.9

123.7

126.0

Philippines

13,430

42,128

103.8

127.7

124.8

Korea

335,612

1,107,794

87.6

123.0

124.1

Indonesia

8,379

24,366

135.7

125.7

117.2

Hong Kong

5,467

16,451

117.3

112.1

116.1

Malaysia

52,113

143,629

120.2

123.1

111.1

Japan

82,533

233,355

116.5

106.2

108.3

Singapore

24,651

68,259

133.7

110.8

100.7

China

391,185

1,281,073

75.8

86.0

94.4

Laos

7,869

26,570

66.1

48.9

77.6

Cambodia

10,774

33,991

78.7

48.9

50.2

Others

25,417

81,093

101.9

114.0

110.5

2.Americas

84,845

293,459

82.1

110.5

106.3

USA

61,619

219,700

79.6

110.3

107.9

Canada

17,212

53,765

89.7

111.9

105.6

Others

6,014

19,994

89.9

109.4

92.7

3. Europe

223,742

685,235

97.7

109.4

106.1

Norway

2,494

9,388

65.1

112.3

112.9

Switzerland

3,298

11,807

83.2

111.0

111.4

Denmark

5,264

16,962

84.4

110.4

110.8

Sweden

6,643

27,969

65.9

113.6

110.4

Italy

7,387

22,927

108.6

121.9

110.3

Spain

4,115

12,538

107.5

106.3

106.3

Germany

26,384

72,211

110.0

109.0

106.2

Russia

68,880

215,618

97.3

111.1

106.2

Holland

6,746

20,695

95.3

110.8

105.4

England

29,367

89,879

94.8

101.8

104.7

France

32,185

87,322

114.4

106.7

104.1

Belgium

2,549

7,650

100.5

104.6

101.0

Finland

3,081

11,594

79.7

94.4

94.3

Others

25,349

78,675

94.3

117.0

107.3

4. Oceania

30,855

119,327

93.3

107.0

100.2

New Zealand

2,856

10,551

104.8

111.0

102.9

Australia

27,899

108,522

92.1

106.5

100.0

Others

100

254

137.0

138.9

82.2

5. Africa

3,319

11,701

95.5

103.4

105.7

Source: GSO