 |
| Vietnam owns favourable conditions to attract foreign tourism investment. (Photo: congthuong.vn) |
Speaking at a recent event on attracting foreign investment, Steve Wolstenholme, President of Hoiana Resort & Golf, affirmed that the opportunity for Vietnam to attract foreign investment in the tourism sector is huge.
The reason given by Mr. Steve Wolstenholme is that Vietnam has a great advantage in nature, owns a coastline stretching 3,260km, many beautiful unspoiled islands and waters, and a tropical climate that can be exploited for tourism year round. In addition, Vietnam's rich and diverse culture and friendly and hospitable people are also a valuable resource, creating opportunities for Vietnam to attract investment in the tourism sector.
Vietnam is considered one of the 10 fastest growing tourism countries in the world with total tourism revenue in 2019 reaching about VND755,000 billion, accounting for nearly 10% of GDP. “I think this number is still modest compared to the potential of Vietnam's tourism," said Mr. Steve Wolstenholme, adding that Vietnam's tourism still has a lot of room for development. In addition to preserving and promoting the available advantages of the locality, foreign investors can create a number of potential products such as adventure tourism, medical tourism and golf tourism.
Hoiana Resort & Golf's representative affirmed that not only the potential to develop the tourism industry, Vietnam's investment environment is also assessed to be open with many policies to support foreign-invested enterprises.
During the COVID-19 epidemic in the past two years, tourism is the industry that has been most affected, but Government agencies have actively offered many solutions and timely support policies such as reducing electricity prices. As soon as the epidemic subsided, the agencies quickly adapted and adjusted mechanisms as well as organized many seminars and promotion programs for the tourism industry to soon recover and work again.
In addition to the support of Government agencies, foreign investors also believe that, in localities, the planning and construction of infrastructure is focused and invested synchronously, especially in infrastructure.
According to data from the General Statistics Office under the Ministry of Planning and Investment, in May 2023, international visitors to Vietnam reached 916,300 arrivals, contributing to bringing the total number of visitors in the first 5 months of this year to nearly 4.6 million, 12.6 times higher than the same period last year.
The sharp increase in international visitors to Vietnam after the epidemic shows the attractiveness of Vietnam's tourism industry and this will attract foreign investors to deploy projects in Vietnam.
In order to create favorable conditions for attracting investment in the tourism sector, in April 2023, the Prime Minister issued a Decree allowing hotel apartments, condotels, officetels, tourist villas, resorts and other works serving tourist accommodation on commercial or service land, if all conditions are satisfied as prescribed by law, to be certified with ownership of construction works attached to the land for commercial and service land use purposes./.