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The coronavirus outbreak could cost Vietnam $4 billion in lost tourism in just 3 months, according to the country's department of tourism

The coronavirus outbreak could cost Vietnam $4 billion in lost tourism in just 3 months, according to the country's department of tourism
Kate Taylor/Business Insider



The coronavirus outbreak is expected to cause $3 to $4 billion in direct damage to Vietnam's tourism industry, Vietnam's department of tourism told Business Insider.




Coronavirus "is expected to cause huge damage to Vietnam's tourism industry in the short and medium term," a representative for the department of tourism said.




The loss of Chinese visitors is weighing heavily on Vietnam, where roughly a third of international tourists are from China.




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Vietnam's tourism industry is already taking an economic hit due to the coronavirus outbreak.
While the World Tourism Organization says it is too early to estimate the full impact of COVID-19, the respiratory illness caused by coronavirus, Vietnam's department of tourism told Business Insider earlier this week that the outbreak "is expected to cause huge damage to Vietnam's tourism industry in the short and medium term."
"In three months, the estimated direct damage to Vietnam's tourism industry could reach between $3 and $4 billion," a representative for the country's department of tourism said in an email.
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