Danang City always fulfills its goal of developing into a
tourist city, so tourism support activities are always prioritized for development.
With the above advantages, Danang is the destination of many domestic and
foreign investors to develop hospitality real estate, tourist services and
tourism-related services i.e. retail of food and beverage…
In 2018, Da Nang
received over 7.6 million domestic and international visitors. Beside My Khe
beach, Pham Van Dong beach, Ba Na Hills, Monkey mountain, … the city is also
known as a place to host many major festivals. For many years, Da Nang has been
chosen as the city where the international fireworks competition is held every
year, attracting many visitors. In addition, traditional festivals such as Quan
The Am festival, International Food Festival, Cau Ngu Festival, Festival
Street, Bai Choi music… attract a large number of tourists to visit Danang.
Although there are many
business locations for tourism-related service, Da Nang still lacks service
businesses to serve the growing number of tourists to the city.
For foreign investors,
tourism-related services such as accommodation services, food and beverage
services are the business lines which Vietnamese committed to allowing foreign
investors can make investments with 100% foreign capital in Vietnam. These
industries do not require investors to spend significant capital, but still
could bring high economic efficiency. Investors who take advantage of
opportunities and investments today would enjoy high business performance in
the future.
ANT Lawyers is a Law firm in Vietnam with international standards, recognized by Legal500, IFLR1000. We are an exclusive Vietnam member of Prea Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services to multinational and domestic clients.
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