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Vietnam’s accommodation and food services sector sees jump in FDI in December

In December 2024, Vietnam’s accommodation and food services sector recorded 2 new projects with US$21.78 million in newly registered capital, according to data from Vietnam’s Ministry of Planning and Investment. This marks a 50 percent decrease in the number of new projects compared to November, which saw 4 new projects with US$5.52 million in newly registered capital.

In 2024, the sector attracted a total of 38 new projects with US$123.65 million in newly registered capital.

Foreign direct investment (FDI) in Vietnam’s accommodation and food services sector has grown significantly, driven by the country’s booming tourism industry and rising consumer spending. Key areas of investment include hotel and resort development, restaurants, and food service chains, with a focus on catering to both international tourists and the growing domestic middle class. Investors from South Korea, Japan, Singapore, and Thailand are among the leading contributors, bringing global brands and expertise to Vietnam’s hospitality and food services market.

Vietnam’s diverse cultural heritage, natural attractions, and increasing number of international visitors make the sector highly attractive to foreign investors. The government has supported FDI through tourism development strategies, improved infrastructure, and streamlined regulations. Notable investments include luxury hotels, integrated resorts, and the expansion of global food chains like McDonald’s and Starbucks. With Vietnam’s continued focus on promoting tourism and enhancing service quality, FDI in the accommodation and food services sector is expected to grow further, supporting job creation and economic development while enhancing Vietnam’s global tourism appeal.

See also: How to Open a Hotel in Vietnam: Ultimate Guide

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