Danang Attracts Investment in Tourism-related Services

Danang City always fulfills its goal of developing into a tourist city, so tourism support activities are always prioritized for development. With the above advantages, Danang is the destination of many domestic and foreign investors to develop hospitality real estate, tourist services and tourism-related services i.e. retail of food and beverage…

In 2018, Da Nang received over 7.6 million domestic and international visitors. Beside My Khe beach, Pham Van Dong beach, Ba Na Hills, Monkey mountain, … the city is also known as a place to host many major festivals. For many years, Da Nang has been chosen as the city where the international fireworks competition is held every year, attracting many visitors. In addition, traditional festivals such as Quan The Am festival, International Food Festival, Cau Ngu Festival, Festival Street, Bai Choi music… attract a large number of tourists to visit Danang.

Although there are many business locations for tourism-related service, Da Nang still lacks service businesses to serve the growing number of tourists to the city.

For foreign investors, tourism-related services such as accommodation services, food and beverage services are the business lines which Vietnamese committed to allowing foreign investors can make investments with 100% foreign capital in Vietnam. These industries do not require investors to spend significant capital, but still could bring high economic efficiency. Investors who take advantage of opportunities and investments today would enjoy high business performance in the future.

We help clients overcome cultural barriers and achieve their strategic and financial outcomes, while ensuring the best interest rate protection, risk mitigation and regulatory compliance. ANT lawyers have law firm in Hanoi, law firm in Ho Chi Minh City and law firm in Da Nang.

10 Questions to Ask Before Setting-up Company in Vietnam

Which Authority Approves Business Setting up in Vietnam?

Benefits of Investors in Setting up a Business in Da Nang