Vietnam to invest massively in tourism

The Vietnam government has said it will allocate no less than $94.2 billion in funds sourced from state resources and private investment to upgrade its tourism infrastructure until 2030.

According to Vietnamese Prime Minister Nguyen Tan Dung, the funds will flow into several key areas to improve competitiveness in the sector. Apart from infrastructure, priorities have been set to develop competitive touristic products, improve skills of the workforce, as well as develop and upgrade tourist attractions in rural and remote areas and on islands.

In 2012, Vietnam received nearly 7 million international tourist arrivals. In 2013, the sector targets to welcome 7.2 million international tourists and serve 35 million domestic ones, and eyes a revenue of $9.1 billion.

According to a survey conducted by the US Tour Operators Association, Vietnam stands second among newly-emerging destinations mostly chosen by international tourists in 2013.

To promote the sector, the country’s Ministry of Culture, Sports and Tourism in 2013 intends to organise more farm trips for foreign tour operators and journalists, provide exemplary tours and more tourism information, encourage tourism promotion in key and new markets and at international tourism events.