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Tourism Update

At last the Vietnamese authorities are waking up to the importance of Travel and Tourism as an economic sector and its growing contribution to GDP. In 2016 international visitor arrivals reached 10 million for the first time a growth of 26% over 2015. Domestic tourism also continued its rapid growth with over 63 million domestic travelers.

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Actual impact of the demise of TPP and what about RCEP.

Much has been written and discussed about the impact of the demise of the Trans Pacific Partnership on foreign direct in Vietnam. With the first quarter statistics on FDI now available we can confidently say that there has been no significant impact on FDI.

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The Opportunities in the Central Highlands

The central highland region which includes the 5 Provinces of Dak Lak, Dak Nong, Gia Lai, Kon Tum, and Lam Dong, with a population of 5.6 million, covers an area of more than 55,000 sq. Kilometres

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Catering to the gamblers

At last, after years of waiting, it seems that the Communist Party is willing to “flirt” with sports betting and Casinos for local gamers, for a 3 year pilot period. The Government is not only catering to foreign investor and local demand it will also open a door to collection of taxes much of which are currently lost to casino’s in Cambodia and also illegal betting syndicates in Vietnam.

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