Photo by iStock.
Photo by iStock.

More and more young people in Vietnam are heading overseas for holidays due to falling travel costs.

Three years ago, a trip from Vietnam to South Korea would cost VND20 million (US$857) or more, Viet Nam News reported. The most affordable tours to Japan would set them back VND30 million.

However, according to a manager of a travel agency based in Ho Chi Minh City, tours to Taiwan, Japan, South Korea and China cost just marginally more than travelling to countries in Southeast Asia. A five-day trip to South Korea can be had for under VND12 million and a four-day vacation in Japan costs VND 21-22 million.

Some agencies even offer rock-bottom prices for tours to Taiwan and South Korea, with trips costing VND8-9 million (US$343 to 386).

As well as tour costs decreasing, the overseas purchasing power of Vietnamese citizens has gone up. According to a report by VN Express, each Vietnamese traveler spends an average of US$1,100, up from previous reports of US$880.

In 2016, 4.8 million Vietnamese traveled outside the country. MasterCard predicts that the number will go up to 7.5 million in 2021.

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