In January, Vietnam’s accommodation and food services sector registered a total of US$13.63 million in new foreign direct investment (FDI) across seven new projects, according to data from Vietnam’s Ministry of Planning and Investment. This represents a decrease of US$8.2 million compared to December, which saw US$21.8 million in registered capital. However, the number of new projects increased from two in December.
The sector accounted for 0.31 percent of total FDI in January, slightly down from 0.32 percent in December.
Vietnam’s accommodation and food services sector has been a significant contributor to the country’s economy, driven by a booming tourism industry, growing domestic demand, and a vibrant hospitality scene. The sector encompasses hotels, resorts, restaurants, catering services, and food production, catering to both local consumers and the increasing number of international visitors. Major cities like Hanoi, Ho Chi Minh City, and Da Nang, along with popular tourist destinations such as Ha Long Bay and Phu Quoc Island, have seen strong growth in both accommodation and food services. The rise of budget and luxury hotels, along with diverse dining options, reflects the country’s growing appeal as a travel destination.
Foreign direct investment (FDI) has played an essential role in the sector’s development, with international hotel chains such as Marriott, Accor, and Hilton expanding their presence in Vietnam. At the same time, local companies have also seized opportunities in both the accommodation and food service markets. The sector has benefited from the increasing number of international tourists and the rising middle class in Vietnam, which is driving demand for quality dining experiences and hospitality services.
The sector continues to evolve with increasing emphasis on sustainability and the rise of food delivery services and online reservations. However, challenges such as rising operational costs, labour shortages, and competition remain. As Vietnam continues to develop its tourism infrastructure and attract foreign investment, the accommodation and food services sector is expected to expand further, supporting the country’s economic growth and global tourism appeal.
See also: Food and Beverage Industry in Vietnam