Vietnam: Government to lead finance tourism investment

Vietnam: Government to lead finance tourism investment

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According to TTR Weekly the Vietnamese government will invest US$94.2 billion into tourism development until 2030.  Funding will be sourced from government and private sector.

According to the ambitious plan, the government will provide 8% to 10% in seed money, while the balance will have to be raised from the private sector that is already heavily taxed.

The Vietnamese Prime Minister, Nguyen Tan Dung, approved the tourism development project late last month identifying the priority areas:

• Upgrade infrastructure;

• Develop competitive tourism products;

• Improve human resources in the tourism industry;

• Protect the environment around tourist attractions.

The investment will support the renovation and improvement of the country’s major tourist attractions particularly in rural, border regions and islands.

 

Read the full report in TTR Weekly

 

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