[NEWS] - Foreign investors appreciate the investment potential in the tourism sector

With a coastline of 3,260km in length, the tropical climate makes it possible to exploit tourism all year round. Foreign investors highly appreciate Vietnam’s potential in tourism. 

Sharing at an event on attracting investment from abroad recently, Hoiana Resort & Golf President Steve Wolstenholme affirmed that there are opportunities for Vietnam to attract foreign investors to the tourism sector is very large.

The reason was given by Mr. Steve Wolstenholme:   Vietnam is blessed with quite a lot of natural resources, owns a coastline stretching 3,260km, many beautiful islands and beaches, and wildness along with a tropical climate can exploit tourism all year round. In addition, with Vietnam’s diverse and rich civilization along with friendly and hospitable people, it is also an extremely valuable source of "resources", creating opportunities for Vietnam to attract investment in the field. tourism.

Vietnam is considered one of the 10 countries with the fastest growth in tourism in the world, with a total tourism revenue in 2019 reaching about VND 755,000 billion, accounting for nearly 10% of GDP. I think this number is still modest compared to Vietnam’s tourism potential," said Steve Wolstenholme, and he also said that Vietnam’s tourism still has a lot of room for development. In addition to preserving and promoting the available advantages of the locality, investors with the advantage of available international capital, experience, management, brand, and other sources, can create an ecological system with a variety of tourism products and services. A potential product can be mentioned as Adventure tourism, golf tourism, medical tourism...

Also talking about the opportunity for Vietnam to attract investors in the tourism sector, the representative of Hoiana Resort & Golf also affirmed that not only has the potential for development but also the service industry and investment environment of Vietnam is considered quite open and open with many policies to support foreign-invested enterprises in carrying out investment procedures.

During the Covid-19 epidemic lasting for the past two years, tourism is the industry that has been affected the most, but with Government agencies actively offering solutions and timely support policies such as Land leases, electricity price reductions, investment progress extensions... As soon as the epidemic subsided, government agencies quickly adapted, adjusted mechanisms and organized seminars and promotion programs to The tourism industry recovers soon and resumes operations.

In addition to supporting government agencies, foreign investors also said that in localities, the planning and construction of infrastructure focused and synchronous investment, especially transportation infrastructure. pine. For example in Quang Nam, “One of the important projects for us is the coastal road to access tourism and resort projects such as Hoiana becomes easier and more convenient, creating the premise for development for the same East belongs to Quang Nam," said Steve Wolstenholme.

According to data from the General Statistics Office (Ministry of Planning and Investment), in May 2023, international visitors to Vietnam reached about 916.3 thousand arrivals. Vietnam has about 4.6 million visitors, 12.6 times higher than the same period last year.

Meanwhile, Asian visitors were 3,400,3 thousand arrivals, 14.7 times higher than in the same period last year; European visitors are 621.1 thousand arrivals, 9.5 times higher, American tourists are about 396.0 thousand arrivals, about 8.0 times higher; 172.1 arrivals from Australia, 9.7 times higher and about 10.5 thousand arrivals from Africa, 6.6 times higher than the same period last year. The sharp increase in the number of international tourists entering Vietnam after the epidemic has shown the attractiveness of Vietnam’s tourism industry and this will attract foreign investors to deploy projects in Vietnam.

To facilitate the attraction of investment in the tourism sector, in April 2023 the Prime Minister issued Decree 10/2023/ND-CP amending and supplementing several articles of the resolutions. guiding the implementation of the Land Law. Accordingly, with hotel apartments, condotels (resort hotels), officials (accommodation offices), resort tourist villas, and other works for tourist accommodation on commercial and service land if they meet all the conditions prescribed by law, they will be certified with the right to own construction works attached to the land for commercial and service land use.

According to the Vice Chairman of the Vietnam Real Estate Association - Dr. Nguyen Van Dinh, the issuance of this Decree is of great significance in removing legal bottlenecks for the resort real estate segment. More specifically, creating favorable conditions for buyers of hotel apartments, resort apartments, and accommodation offices, tourist villas, which are assessed as having potential for development in Vietnam. Thereby, contributing to turning tourism into a spearhead economic sector.

Along with information from other sources, we can also see that the real estate market is currently facing many difficulties and unresolved problems, causing the market to slow down. However, on the other hand, this is considered a good time for those who have real needs to buy and have enough money because at this stage real estate prices are also quite attractive, especially for vacation real estate is a type of product that has a lot of potential to be profitable in the future. Besides, Indochina Holding wishes to make some contribution to the recovery of the real estate market, we currently have many projects with bad debt at credit institutions DATC and VAMC introduced to businesses with the aim is to provide a good investment opportunity.

Hoang Yen (Collection source)