Municipalities seeking investment for tourism

At the end of October, Binh Dinh People’s Committee issued a series of documents about developing tourism near the Eo Gio cliff in the outskirts of Quy Nhon city. The provincial Management Board of Economic Zones is tasked with coordinating with key agencies to quickly select and attract investors to the area in compliance with state legislation.

Bai Xep-Quy Nhon city, Source: vnexpress.net

Quy Nhon is an attractive destination for both domestic and international travellers but, a ccording to the Binh Dinh Department of Tourism, it lacks top-class lodging facilities managed by international brands. Binh Dinh has nearly 400 accommodation businesses with nearly 11,800 rooms in total. However, only one 5-star hotel and nine 4-star hotels are considered standard.

In the case of Tra Vinh province, it is requesting approximately $160 million for nine tourism projects, the largest of which is the Ba Dong Marine mangrove ecotourism area. It currently boasts capital of over $68 million and a land area of nearly 370 hectares in Duyen Hai district.

The province’s Duyen Hai Power Centre, a large-load shipping channel of the Hau River, with port clusters and tourist piers, is also advantageous for local maritime transport in organising cruises to Phu Quoc and Con Dao, and connecting with Mekong sub-region countries.

Earlier this year, the Department of Planning and Investment of Quang Nam province requested prospective investors to submit proposals for the Go Ri-Go Dinh ecotourism and resort project. This resort’s entire investment is around $58 million, with the cost of project implementation and site clearance approaching $48 million and $9.7 million, respectively.

Though there is potential to grow, local tourism faces several challenges regarding legislation, infrastructure, and personnel. Trinh Hang, director of the Department of Tourism in Ba Ria-Vung Tau province said, “The department has requested to clean bottlenecks in investment procedures, land, and construction planning while promoting historical and cultural relics. We also proposed that the People’s Committee expedite the handling process for high-end tourism projects that require administrative approval. Sluggish projects must be withdrawn and handed over to competent investors.”

Another challenge in developing regional tourism is the lack of qualified personnel, with many people switching jobs during the pandemic and ending up in other industries.

Nguyen Trung Nam, president of Imperial Group and Imperial International Hotel and Tourism Vocational College said, “The state has implemented policies to encourage tourism enterprises to participate in training human resources and for tourism colleges to associate with foreign organisations for university transfer training in the final year of tourism and hotel management nationwide,” said Nam.

Nguyen Van Tho, Chairman of the Ba Ria-Vung Tau People’s Committee said, “To promote tourist growth, the locality needs to concentrate on diversifying high-quality tourism products and services, focusing on proactive solutions to engage elite, capable, and seasoned investors to fund the construction of significant tourism projects in different areas.”

Hai Giang Peninsula of Quy Nhon set to become one of Asia's new dream destinations Hai Giang Peninsula in Quy Nhon is emerging as a new destination for domestic and international tourism, thanks to various advantages in infrastructure and natural potential.

Large influx of capital into Quy Nhon As the central province of Binh Dinh is rolling out the red carpet for investors with strong commitment and attractive incentives, a large inflow of capital has poured into Quy Nhon. Among them, Hai Giang Peninsula is in the spotlight.