According to the ministry, insurance, post and telecommunications, finance and marine transport services will record a high export growth of between 22-29 percent to earn US$470-550 million per month. The tourism service sector is expected to achieve the highest turnover with an annual growth rate of 10 percent in terms of foreign tourist numbers.

The ministry predicted that the tourism sector may welcome more than 6 million foreign visitors and reap revenue of around US$4.5 billion, while the air and maritime transport sector is expected to earn approximately US$1.5 billion.

Recent statistics showed that the service sector has attracted about 14 percent of total licensed foreign investment projects and six percent of their total registered capital, which can generate annual revenue of US$3 billion annually.