 In the question and answer session before the Congress in late June, Minister of Culture, Sports and Tourism Hoang Tuan Anh said that FDI in the tourism sector, services, hotels and restaurants had reached about $10 billion, accounting for almost 5 percent of total FDI in Experts also say that FDI has become a major force promoting the tourism industry of In the famous tourist cities in An investor in the hotel sector said that the presence of foreign investors in the tourism sector, in addition to capital to build big hotels and resorts, they have brought into However, after the outbreak period 2008 - 2010 with several billion USD projects, from 2012 the investment licenses of a series of hotel and resort projects have been revoked. Data from the Foreign Investment Department showed that by June 20, 2013, total registered FDI capital in the field of real estate reached more than $48 billion, down $1.7 billion compared to the end of 2012. Among tourism projects that have been revoked, there are the big names like Asia Pearl worth Eur2 billion in Phu Quoc of the Trustee Suisse Group ( An expert said that due to the global economic difficulties, raising capital should not be what they expect so foreign investors cannot afford to implement their projects. However, Dr. Le Dang Doanh - former Director of the Central Institute for Economic Management, said that many investors just wanted to hold land. At the National Assembly session in June, some congressmen commented that the development of Minister Hoang Tuan Anh also said the tourism infrastructure in Prof. Nguyen Mai - President of the FDI Business Association – said in this context, Vietnam does not need to seek more tourism projects at any cost but it needs to evaluate objectively what Vietnam tourism lacks to attract investment. "We should not continue to license a lot of projects and then revoke the license. At the same time, we also need to learn from experience in monitoring the financial capability of the parent companies abroad to take timely measures when problems rise," he added. "There are a lot of things to do with attracting investment in the hospitality and tourism sector because this is one of the critical issues to promote the development of Minister Hoang Tuan Anh also spoke to the Congress that "the potential of the tourism sector in Tung Nam |
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