Tuesday, August 16, 2011

Vietnam to invest billions in tourism

Vietnam is planning to develop its tourism infrastructure with an estimated US$42.5 billion investment over the next 10 years. The plan aims to boost domestic tourism from 28 million trips last year to nearly 50 million by 2020, and international tourism from 5.5 million to 10.5 million arrivals over the same period.
Hoang Thi Diep, Deputy Head of the Vietnam National Administration of Tourism (VNAT), said the state would provide approximately 20% of the total funds while the rest will come from local and foreign investors.
The country recently announced plans to develop a huge integrated casino resort on the southern island of Phu Quoc, which would be served by a new international airport on the island and expanded road links from Ho Chi Minh City, which is also developing a new air hub.

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