The Takeoff Episode 02: How Startups Can Adapt and Pivot Sponsored This content is created collaboratively with one of our sponsors.
Any extra profit that the state would garner from increased visa fees would be counteracted by the drop in inbound visitors from key tourism providers nearby Vietnam.
Vu The Binh, chairman of the Vietnam Travel Association, said on Tuesday that the Ministry of Culture, Sports and Tourism was collecting comments on whether to stop visa exemption to tourists from seven countries, including South Korea, Japan, Russia and four countries in northern Europe.
If such a move goes as planned, Vietnam’s tourism will be adversely affected…The visa exemption policy, according to Binh, needs to be maintained as it contributes to Vietnam’s high tourism growth, and so does the current visa fee.
One million tourists from Japan and South Korea have come to Vietnam this year, and the number of Russian tourists has also increased strongly, so the removal of visa exemption may lead tourists from these countries to rethink their plans to visit Vietnam.