The determinants of tourism revenue in Vietnam: A study with the spatial panel regression
The Vietnamese government has been putting great effort into tourism development over these decades. The key strategies are to focus on regional linkages and to improve competitiveness by creating a fair, transparent, and dynamic governance environment. This research aims to investigate the determin...
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| Format: | Article |
| Language: | English |
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HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2025-10-01
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| Series: | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3175 |
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| _version_ | 1841527090442141696 |
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| author | Thao Thi Phuong Hoang |
| author_facet | Thao Thi Phuong Hoang |
| author_sort | Thao Thi Phuong Hoang |
| collection | DOAJ |
| description | The Vietnamese government has been putting great effort into tourism development over these decades. The key strategies are to focus on regional linkages and to improve competitiveness by creating a fair, transparent, and dynamic governance environment. This research aims to investigate the determinants of tourism revenue in Vietnam in 2015 - 2019. The spatial panel regression method is employed for conducting the study. The study finds a spatial effect on tourism revenue in 63 provinces but it is a negative one. The number of tourists, the number of hotels, movement, and reducing time cost play an important role in improving tourism economic efficiency. Meanwhile, eliminating informal charges and improving proactive leadership raise a warning for policymakers due to their negative impact on Vietnam’s tourism revenue growth in the period 2015 - 2019. Based on the findings, this study contributes several policy recommendations. |
| format | Article |
| id | doaj-art-4212d53f6b064694b73d0a6a28dd6e23 |
| institution | Kabale University |
| issn | 2734-9314 2734-9586 |
| language | English |
| publishDate | 2025-10-01 |
| publisher | HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE |
| record_format | Article |
| series | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| spelling | doaj-art-4212d53f6b064694b73d0a6a28dd6e232025-01-16T05:23:11ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862025-10-0115113015110.46223/HCMCOUJS.econ.en.15.1.3175.20252304The determinants of tourism revenue in Vietnam: A study with the spatial panel regressionThao Thi Phuong Hoang0Yersin University, Dalat CityThe Vietnamese government has been putting great effort into tourism development over these decades. The key strategies are to focus on regional linkages and to improve competitiveness by creating a fair, transparent, and dynamic governance environment. This research aims to investigate the determinants of tourism revenue in Vietnam in 2015 - 2019. The spatial panel regression method is employed for conducting the study. The study finds a spatial effect on tourism revenue in 63 provinces but it is a negative one. The number of tourists, the number of hotels, movement, and reducing time cost play an important role in improving tourism economic efficiency. Meanwhile, eliminating informal charges and improving proactive leadership raise a warning for policymakers due to their negative impact on Vietnam’s tourism revenue growth in the period 2015 - 2019. Based on the findings, this study contributes several policy recommendations.https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3175competitivenessspatial panel regressiontourism developmenttourism revenuetourism supply |
| spellingShingle | Thao Thi Phuong Hoang The determinants of tourism revenue in Vietnam: A study with the spatial panel regression Ho Chi Minh City Open University Journal of Science - Economics and Business Administration competitiveness spatial panel regression tourism development tourism revenue tourism supply |
| title | The determinants of tourism revenue in Vietnam: A study with the spatial panel regression |
| title_full | The determinants of tourism revenue in Vietnam: A study with the spatial panel regression |
| title_fullStr | The determinants of tourism revenue in Vietnam: A study with the spatial panel regression |
| title_full_unstemmed | The determinants of tourism revenue in Vietnam: A study with the spatial panel regression |
| title_short | The determinants of tourism revenue in Vietnam: A study with the spatial panel regression |
| title_sort | determinants of tourism revenue in vietnam a study with the spatial panel regression |
| topic | competitiveness spatial panel regression tourism development tourism revenue tourism supply |
| url | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3175 |
| work_keys_str_mv | AT thaothiphuonghoang thedeterminantsoftourismrevenueinvietnamastudywiththespatialpanelregression AT thaothiphuonghoang determinantsoftourismrevenueinvietnamastudywiththespatialpanelregression |