News

Vietnam sees investment grow
10 November 2006

Vietnam has seen massive investment in its tourism sector in the past nine months.

The country's Ministry of Planning and Investment has released figures which show some of the world's biggest tourism businesses are expressing an interest in Vietnam, reports news agency Thanh Nien.

Japanese investors are planning a $1.2 billion (£ ) project called Dan Kia Suoi Vang which is set to attract thousands of foreign visitors.

In addition, a US-based firm has recently been given permission to invest in a five-star resort worth $300m.

In the city of Ving Tau another US-based company is investing $550m into a tourism and entertainment project.

Other investors from across the world are also expressing an interest in Vietnam and the Ministry of Planning and Investment predicts the sector will boom in the coming years.

© Adfero Ltd

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