Foreign investors were once the buyers in M&A deals five years ago, but in many deals made recently, the buyers have been Vietnamese.
After securing a strong footprint in Vietnam’s southern metropolis of Ho Chi Minh City, fast-food giant McDonald’s is looking to consolidate its presence by moving its business to Hanoi. The long-awaited move will take place amidst the on-going expansion of international fast-food brands.
The central city of Da Nang is redoubling efforts to complete preparations for the APEC Economic Leaders’ Week, slated for early November.
Swiss hospitality company Mövenpick Hotels & Resorts is fast establishing itself as a leading international brand in Vietnam, with ambitions to own 10 hotels within the next five years.
Locals being granted permission to gamble at domestic casinos has given Vietnam’s growing hospitality industry an added boost, according to JLL experts.
Vietnam’s hotel segment continues to attract a great deal of capital to serve the booming tourism sector.
VOV.VN - Hospitality and hotel investment in the Asia Pacific region for the first half of 2017 hit US$2.9 billion, with investors zoomed in on key gateway cities in Vietnam like Danang-Hoi An and Nha Trang-Cam Ranh, among others.
Investment activity in popular tourist destinations continues to strengthen amid the robust demand from domestic and foreign buyers. Dang Phuong Hang, managing director of CBRE Vietnam shares her view on the phenomenon.
The tourism and hospitality sectors are predicted to develop rapidly and attract plenty of investment, based on their strong growth in recent years, according to experts.
Route Inn Group from Japan has launched its first ever four-star hotel project – the Grandvrio Danang City – in the central city, marking its first appearance in Vietnam’s hospitality market, and the start of a plan to develop a chain of 50 hotels in the country.
VOV.VN - The month of January saw continued strong growth in the number of Chinese tourists to the city of Nha Trang in the central province of Khanh Hoa, reports the municipal department of tourism.
As new travelling trends emerge, the Vietnamese hospitality industry is making some crucial changes to herald in a busy 2017. Nam Phuong reports.
Vietnam is well-placed to become the Southeast Asian leader in ‘affordable hospitality’ as stars align behind economic boom times.
Some F&B outlets of the Liberty Central Saigon Citypoint Hotel are holding special programs for revelers during National Day holiday on September 2.
VOV.VN - The Vietnam Hospitality Network (VHN) will hold its first annual Hospitality Career Forum starting at 8:00 am on July 23 at the Army Hotel Hanoi located at 1A Nguyen Tri Phuong, Hanoi.
Foreign investors have showed their interest in Vietnam’s tourism as well as the Government’s policies to promote the sector during the Hospitality Investment Conference Vietnam 2016 that opened in Ho Chi Minh City on July 12.
The domestic hospitality market has continued its strong recovery in the first half of this year, thanks to high supply and demand as well as support from positive property policies of the state, experts said.
While unfriendly locals and scam artists have put off vacationers in many Vietnamese tourist attractions, the reclaimers of an island near the heavenly holidaymaking retreat of Phu Quoc have achieved the opposite due to their sincere hospitality in recent years.
VOV.VN - A delegation of Dutch investors arrived in southern Binh Duong province on March 9 to explore investment opportunities in different sectors of the economy, especially in the agro-processing and hospitality sectors.
Four Vietnamese companies will exhibit their products at Food & Hotel Asia 2016, a leading international food, beverage and hospitality exhibition to be held in Singapore in April.