FDI capital flows into hotels

Foreign direct investment (FDI) capital ran into many hotel projects during the first nine months this year, according to Foreign Investment Agency under the Ministry of Planning and Investment.
Total FDI capital registered to Vietnam hit the record high of US$25.5 billion, a year on year increase of over 33 percent.
Of these, there were 34 real estate projects with the total capital of $1 billion including many hotel projects. For instance, Movenpick invested in ten hotels in Vietnam.
The FDI capital increase in hotels showing foreign investors have tended to eye on  tourist potentials in Vietnam.
In HCMC, many hotels are operating at high capacity. Four and five star hotels reach the capacity of 66 percent with the average price of US$76 a night.

By CHE HAN – Translated by Hai Mien

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