Since 2000, FDI projects have made a positive contribution to the development of Vietnam’s tourist industry, according to an initial report released by the Japanese International Cooperation Agency (JICA).
These projects focus on developing tourism and human resources in a sustainable manner, reduce poverty and protect both the environment and local cultures.
Vietnam’s National Administration of Tourism has received the majority of FDI funding and is currently operating 15 projects.
However, the agency pointed out that the tourist industry needs to take immediate action to end time-consuming licensing procedures and improve the competence of project managers as well as building on the success of previous projects.
In the near future, the sector will soon draw up plans to call for more investment as well as managing and regulating projects in a more effective manner, complying with the national tourism development strategy for 2020./.