Investment into Vietnam’s tourism sector is expected to continue increasing thanks to strong growth.
The Vietnam tourism sector is flourishing, and its swelling size in recent years will see it attract even more investment.
Last year, tourism accounted for 6 percent of the country’s GDP, which is a stark improvement on the 1.76 percent back in 1994.
Vietnam received over 4.2 million international visitors in the first four months of 2017, which is an increase of 30.3 percent over the same period last year.
This development of the sector is also allowing other industries within the country to develop, helping to attract investment for developing products, services and facilities. This is helping to change the appearance of certain destinations and provide an influx of more high quality hotels and amenities.
As an example, the number of rooms available in Vietnam was 69,000 in 2001, and now up to 420,000 as of last year.
Ngo Hoai Chung, the vice chairman of the Vietnam National Administration of Tourism, said that the industry is expecting to attract 17-20 million foreign visitors by 2020, and tourism will soon contribute more than 10 percent of GDP.
Chung also noted: “Investment in the hospitality sector is expected to continue to increase at tourism centres, especially in coastal areas, with a focus on the high-end and three- to five-star segments.”
A large number of investors are now planning to open four or five star hotels in tourism cities this very year.
This all goes to prove what many have already known, that Vietnam is truly one of the most desirable destinations in the world for single holidays abroad, and this fact is only set to ring more true in future years.
Singles from all over the world are continuing to discover the delights of Vietnam and its wonderful locations, such as the city of Ho Chi Minh with its Cao Dai Temple, Saigon Notre Dame Cathedral, and Jade Emperor Pagoda – one of the country’s most revered and atmospheric temples.
