VIETNAM - resorts: few in number, poor in quality

VietNamNet Bridge, 10/09/2006

The development of tourism in Vietnam has created a boom in newly built resorts across the country. However, it has been revealed that running these businesses is not easy. Vietnam is in the early stage of resort development. Experts say that there are 26 3-5 star resorts nationwide. Currently, the number of rooms in these 26 resorts is 1,972, accounting for 0.4% of total hotel and resort rooms in Vietnam. Most resorts in the country are in well-known tourism sites such as Ha Long, Nha Trang, Vung Tau, Phu Quoc. They are operating under the forms of either joint venture or 100% foreign invested. Many other tourism sites in Vietnam are also in need of more resorts. But a lot of investors say that planning work and other red tape have discouraged them from investing. Pham Hoang Minh, an investor in Phu Hai resort in Mui Ne, said he had had to spend at least one year to complete procedures for his project to be begun.

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