Heritage sites and coastal regions such as Nha Trang, the caves of Ha Long Bay and Marble Mountains.
Total tourism arrivals reached 7.9 million last year with an annual growth rate of around 7.8 per cent, whilst tourism receipts were VND337.8trillion (US$15.1bn). Te Chinese remain the biggest share of visitors representing 22 per cent followed by Koreans and then Japanese.
l1
GAMBLING MARKET Gambling in Vietnam was completely outlawed
by the communist regime, and although from the 1990s the restrictions were loosened, they still remain extremely strict today.
Tere are hefty fines imposed on gambling operators who open up illegally although that hasn’t stopped a somewhat grey area of operation and a growing number of Vietnamese who like to gamble in underground facilities.
The labour costs in Vietnam are one of the lowest in Asia: unskilled laborers earn on average 125 USD while skilled workers make an average of 275 USD per month. Regardless of the continually low wage costs, Vietnamese are perceived to have high work ethics and strong quality awareness. The country has very good basic education, with the literacy rate of 94.5 per cent. The working population is very young, hence a great number of school-leavers enter the labour market every year.
l2
Te only legal forms of gambling permitted at the moment are the horse race betting on the state owned tracks, greyhound race betting at the Vung Tau and the Vietnam Lottery.
Casinos are permitted on the basis that they do not permit locals to enter. Tese are mostly operated by foreign companies around the Ho Chi Minh City area. Locals merely cross the border to Cambodia and gamble mostly in the town of Bavet, which is only an hour drive from
Vietnam's economy is steadily growing with a rate of 5 – 6 per cent per year. Even during the Asian crisis (1997), as well as the recent global recession, the growth trend has not changed. For the period 2016-2020, the Vietnamese government targets a GDP growth rate of 6.5 - 7 per cent. The increase in industrial production in recent years at an average of 10 percent per year (period 2009 – 2015), coupled with rising FDIs and exports offer a particularly optimistic perspective.
NEWSWIRE / INTERACTIVE /
247.COM P77
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