VietNamNet Bridge - Online bookings have been developing rapidly in the tourism industry, bringing trillions of dong a year to travel firms, reports say.

VietNamNet Bridge - To obtain the targeted turnover of $45 billion by 2025, the tourism industry needs to reform its way of doing business through digitalization, experts say. 

VietNamNet Bridge - Tourism centers in the central region of Vietnam have been using technologies to attract more travelers, believing that ‘technological tourism’ will be the future of the industry.

The M&A deals made recently among online tourism firms are the first steps taken by Vietnamese firms to conquer the regional market, analysts say.

VietNamNet Bridge - Several years ago, hoteliers in Vietnam did not think Airbnb could be a threat to them. But that is no longer the case. 

Chinese travelers’ payment transactions are made with Chinese cards at Chinese POS machines illegally installed in Vietnam and do not go through Vietnam’s banking system.

VietNamNet Bridge - Many travel firms, after making heavy investments in online tourism, are earning increasingly high revenue. 

VietNamNet Bridge - Vietnamese companies have only 20 percent of the online tourism market, with foreign companies taking up the rest.

VietNamNet Bridge - All hotels have to cooperate with online travel agents (OTA) to sell hotel reservations. However, many of them are seeking ways to find guests directly and escape heavy reliance on the sites.  

The Vietnamese online tourism market is predicted to increase from $2.2 billion in value in 2015 to $9 billion by 2025. However, it is unclear if Vietnamese firms can obtain a slice of the potentially lucrative pie. 

VietNamNet Bridge - The fourth industrial revolution is expected to be a great opportunity for Vietnamese businesses to make a breakthrough in the online market, estimated to be worth $9 billion by 2025.

VietNamNet Bridge - Forecasts say Vietnam’s online tourism market’s value may reach $9 billion in the next three years.

VietNamNet Bridge - Foreign online booking agents are fiercely competing for the online tourism market worth $9 billion in Vietnam.