In October, Vietnam’s accommodation and food services sector registered an uptick in foreign direct investment projects, with two new projects compared to none in September. However, registered capital in the sector decreased by 86.93 percent, from US$11.44 million in September to just US$1.50 million in October, according to Ministry of Planning and Investment data
Year-to-date, the sector has attracted 32 projects, amounting to a cumulative capital investment of US$96.36 million.
Despite the fluctuations, the accommodation and food services sector continues to attract interest, driven by Vietnam’s expanding tourism industry and growing demand for hospitality services. It’s expected that FDI levels will continue to grow, as Vietnam’s hospitality sector remains a key component of its economic and tourism growth trajectory.
See also: Vietnam’s Tourism Industry