Analysis of the Correlation between International Tourism and International Trade between China and Vietnam

Abstract

This paper takes the number of inbound and outbound tourists between China and Vietnam from 2015 to 2024, as well as the total value of import and export of goods, as the research objects. Using the existing statistical data analysis method, it explores the correlation between the international tourism and international trade of the two countries. The research results show that there is a positive correlation between the international tourism and international trade of China and Vietnam, with synchronous increasing and decreasing trends in their development. Although they faced severe challenges brought by the global pandemic during this period, international tourism and international trade between the two countries still demonstrated strong resilience and good growth potential. Therefore, China and Vietnam should further strengthen trade relations and deepen tourism cooperation to achieve common development.