been developed. As of 2019 Samsung employs over 200,000 employees in the Hanoi-area of Vietnam to produce Smartphones, while offsourcing some manufacturing to China and manufacturing large portions of its phones in India. LG Electronics moved smartphone production to Vietnam from South Korea, in order to stay competitive. LG said that "Vietnam provides an "abundant labor force", as motivation for the move. Services and tourism In 2004, services accounted for 38.2% of gross domestic product (GDP). From 1994 to 2004, GDP attributable to the service sector grew at an average annual rate of 6.0%. Tourism In 2012, Vietnam welcomed 6.8 million international visitors and the number is expected to reach over 7 million in 2013. Vietnam keeps emerging as an attractive destination. In TripAdvisor's list of top 25 destinations Asia 2013 by travelers' choice, there are four cities of Vietnam, namely Hanoi, Ho Chi Minh City, Hoi An and Ha Long. 2016 was the first year ever which Vietnam welcomed over 10 million international visitors. Since then, this figure has continued to rise. In 2019, Vietnam with 18 million international visitors was fifth most visited country in the Asia-Pacific region as per World Tourism rankings released by the United Nations World Tourism Organization. During the COVID-19 pandemic in Vietnam, the country has suspended issuance of all tourist visa since March 2020, as of September 2020, the country is still closed for foreign tourists, with plans to reopen for tourism from a limited number of Asian countries. The country recorded a 98% year-on-year drop in foreign visitors for April 2020. With no reopening for tourists in sight, the government has called for the promotion of domestic tourism. Total tourism revenues dropped by over 60% year-on-year for July 2020. Labour Export The export of labour, that is the sending of Vietnamese workers to work in other countries, is also key to the Vietnamese economy, with much of their earnings being sent back to Vietnam. This labour export was disrupted due to the Covid pandemic, but this year, 2022, Vietnam hopes to send 90,000 workers abroad. Traditional destinations have included South Korea, Japan, Malaysia, and Chinese Taipei, and now Vietnam is aiming for Germany, Russia, and Israel. Banking and finance Banking The most important banks are the state-owned VietinBank, BIDV, and Vietcombank, which dominate the banking sector. There is also a trend of foreign investment into profitable banks. For example, VietinBank is currently