Perspectives for Vietnam's MICE tourism and conferences and seminars: Trend analysis, market size, and forecasts to 2027 are included in a report on the MICE industry market in Vietnam. Analyze the consumer situation and competition level in the Vietnamese market. In addition, the report provides forecasts for demand, market trends, and micro and macro indicators for the Vietnamese market.
In addition, the study highlights the factors that are propelling and restraining the MICE Tour industry market. This is a comprehensive report based on qualitative and quantitative market parameters. In addition, this report provides readers with in-depth market insights and a micro-level breakdown of market segments. Included among the companies and agents/distributors profiled in the report are manufacturers and suppliers for Vietnam's MICE industry market.
Prospects for Vietnam's MICE Tour and conference industries combined: Analysis of market trends, market size, and forecasts to 2027 for MICE segments
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The Vietnam MICE industry market report offers a comprehensive examination of market segments by type and application.
Segment according to classification
- The event Endow Convention Exhibition Segmentation based on application
- Academic discipline Business sectors
- Political domain
Summary of the Report
The report contains extensive information on:
1) Market supply and demand conditions within the MICE industry
2) Short- and long-term factors influencing the MICE industry's market
3) The drivers consist of drivers, constraints, opportunities, political, socioeconomic, and technological factors.
4) Major developments and future prospects
5) Major players in the MICE industry market and their competitive standing in Vietnam
6) Agent / Distributor Profile provides an overview of the top 10 agents and distributors functioning in Vietnam's MICE industry market.
7) Matrix: to identify product categories
8) Market forecast through 2027
The report addresses such matters as:
1) What is the Vietnam market scale for the MICE Tour industry?
2) What factors will influence the development of the MICE Tour market over the forecast period?
3) What is your competitive standing within the Vietnam MICE Tour market?
4) What are the market opportunities for the MICE industry in Vietnam?
5) What are the methods for penetrating the Vietnamese MICE market?
Fortunately, the following data are available:
Binh Duong hosts the groundbreaking for a MICE Tour facility in conjunction with international conferences and seminars.
With a total area of 22,000 square meters in Binh Duong province, a crucial economic region in southern Vietnam, the new exhibition facility is gaining momentum as a business destination for MICE tours combined with conventions. new plants in Southeast Asia.
Opening on August 8, 2022, WTC Binh Duong New City Expo (WTC Expo) is a promising new facility in the Southeast Asian MICE community and serves as an ideal platform for some of the largest exhibitions, trade shows, and events.
WTC Expo was established in the centre of Vietnam's first World Trade Complex, which encompasses 165,000 square meters in the province of Binh Duong and features modern infrastructure and excellent connectivity to the surrounding area. Multiple residential and commercial buildings, a multi-purpose stadium, retail malls, and a metro station connecting to Ho Chi Minh City are planned for the complex.
WTC Expo is a column-free venue that specializes in MICE-related event planning. It has a total construction area of 22,000 square meters, with an interior exhibition space of 11,617 square meters and three halls.
Despite having the highest economic growth rate in the globe, Vietnam is still regarded as lacking in terms of facilities for international MICE events. Accordingly, the WTC Expo is anticipated to resolve issues associated with a deficiency of exhibition facilities and serve as the impetus for a new surge forward in Vietnam's MICE industry.
The province of Binh Duong is an economic juggernaut in Vietnam's Southern Key Economic Region. The economic powerhouse has more than 4,000 FDI projects in the province with a total investment capital of nearly 40 billion USD and in 2021 attained the highest monthly per capita income in Vietnam with over 7,120,000 VND. The province of Binh Duong is developed in accordance with the concept of “innovation areas,” which include residential areas, universities, hospitals, and other social infrastructure, in addition to more than 30 large-scale industrial complexes.
In Vietnam, foreign organizers are hindered from entering the MICE tour business, which includes conferences and seminars, due to the arduous administrative procedures involved in obtaining exhibition licenses. However, with the establishment of WTC Binh Duong New City, the procedure is now simplified, as they offer a one-stop-shop for foreign organizers to organize their events at WTC Expo.
When international organizers want to conduct their events at the WTC Expo, they provide administrative support services and market research in collaboration with relevant government agencies. In addition, they have partnerships with international organizers who desire to expand their presence in Vietnam, but they do not have sales offices or agents in Vietnam. This partnership aids the organizer's local sales and on-site exhibition operations and reduces the exhibition risks for international organizers.
As reported by traveldailynews.
