According to the research report titled ‘Huge Growth Opportunities in the Vietnam International and MICE Tourism Market and Forecast’, available with MarketStudyReport, Vietnam international and MICE tourism market is projected to witness huge growth opportunities over 2019-2025.
 

Presence of natural landscapes along with various attractive destinations, and availability of good accommodation facilities in the economy are contributing to huge growth opportunities in the Vietnam international and MICE tourism market. Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2190835/ Further, to encourage MICE tourism, most travel and hotel companies offer incentives and discounts to these travel groups. Certain cities have enacted unique policies in an attempt to attract tourists. As per the report findings, Vietnam MICE tourism market is projected to amass about USD 8 billion by 2025. Meanwhile, international tourist arrivals to Vietnam is predicted to surpass 35 million by the end of the forecast period. Although the tourist industry continues to face challenges due to its inability to welcome international visitors amid the COVID-19 pandemic crisis, the MICE tourism market potential has prompted local enterprises to develop new products and services for MICE visitors. For the uninitiated, meetings, incentives, conferences, and exhibitions are referred to as MICE in the tourism industry. MICE tourism refers to tourism dedicated to arranging, booking, and facilitating conferences, seminars, and other corporate events, and it is the travel industry's largest income source.

The research on huge growth opportunities in the Vietnam international and MICE tourism industry also offers detailed information on MICE tourism. The report contains historical data from 2015 to 2018 as well as projections until 2025.
 

Notably, Vietnam has made great efforts in recent years to position itself as one of the world's most dynamic economies. The city's growing tourism industry has had a significant impact on the MICE business.
 

The document entails analysis of 20 economies with respect to MICE travelers visitation and spending to unveil the various growth prospects. These nations include Philippines, Germany, Thailand, Canada, China, South Korea, Taiwan, Malaysia, Japan, Singapore, Indonesia, United States, France, Italy, Russia, United Kingdom, Netherlands, Australia, Spain, and New Zealand.