Released on = July 9, 2007, 4:32 am

Press Release Author = Shushmul Maheshwari

Industry = Transportation & Logistics

Press Release Summary = HCM City in Vietnam remained the major attraction for
tourists between January 2007 and May 2007. Tourism arrival in this city is growing
at an annual rate of 10%.

Press Release Body = Vietnam’s Ho Chi Minh (HCM) City welcomed above one
million foreign vacationers in the first five months of this year (i.e. the period
between January 2007 and May 2007), showing an year on year increase of 10%,
according to the municipal tourism dept of Vietnam.

Around 0.175 Million tourists from across the globe flocked to the city during the
month of May ’07 alone, an increase of 10.9% over the same period last year.
Visitors from the Republic of Korea, US, Japan, and Australia accounted for most
part of the tourist influx in the city. Over the past few years, number of
foreigners visiting HCM City has increased 18% per year. The number of foreign
visitors to the city was around two million in 2005, and around 1.15 Million in the
first half of 2006, representing a 16% growth over the same period in previous year
(2005).

Plenty of natural resources, 1,400 miles vast tropical coastline, and several
attractive sites open for long-term lease are the major attractions supporting the
tourism industry in Vietnam. The country is heading towards modernization of all
kinds of infrastructure, from power supplies and roads to telecommunications and
port facilities. And in spite of the regulatory and economic reform in a
continuously evolving business environment, foreign investors need to navigate a
complex bureaucratic maze.

As per a recent report on “Opportunities in Vietnam Tourism Industry
(2007-2009)\", “Vietnam is one of the most attractive tourist destinations in
Asia where tourist arrival rate is highest. Stable economic and political
conditions, and various government initiatives make the country an attractive
destination not only for tourists but also for the investors. Tourist arrival in
Vietnam is expected to grow at a CAGR value of around 14% during 2007-2011.”

The report looks into the details of tourism industry in Vietnam. Key issues and
facts analyzed in the report include: performance of global tourism, Asia-Pacific
tourism and ASEAN tourism industry, position of Vietnam tourism industry with
respect to the ASEAN tourism industry, outbound tourism, domestic tourism, and
expenditure by inbound tourist, and so on.

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