Socio-economic development goals of Vietnam in the period of 2021-2025 | ANT Consulting

On April 14, 2020, the Prime Minister issued Directive 18/2020/CT-TT on Vietnam’s socio-economic development plan for the period of 2021-2025. The Directive summarizes the results achieved during period of 2016-2020 and sets development goals for the period of 2021-2025.

The Directive identifies the results achieved in the period of 2016-2020, along with focusing on analyzing the quality of economic growth, implementing restructuring of each industry, each field and development competitiveness of each region.

In addition, the goal in the period of 2021-2025 is to improve labor productivity, competitiveness, improve business environment, support and develop businesses, create new business environment applying information technology, increase production capacity. Accordingly, set a common goal of achieving the country’s average economic growth rate from 5 years from 2021 to 2025 by about 7%, but agencies and localities depending on the actual situation to make their appropriate growth. In addition, the Directive also clearly stipulates the target of average GDP in this period is 3,200-3,500 USD/person, in which the proportion of industry and services in GDP by the end of the period reaches 85%, the rate of trained labor reaches 65-70%.

Regarding the direction of social development, the Directive plans to complete a number of projects such as the project “Strengthening the capacity of arbitration in resolving trade and investment disputes in service of international integration”, Project “Promoting cashless payment for the period 2016-2020”, Project on “Developing Vietnam’s environmental industry to 2025”, “Project on domestic coordination mechanisms to solve problems environment in Free Trade Agreements (FTA)”.

In addition, the Directive also sets out the goal of promoting the construction of synchronous infrastructure such as transportation, seaports, energy, information and communication technology, urban areas, agriculture, etc. develop urban areas in line with the trend of smart, green, environmentally friendly urban centers, adapting to climate change, focusing on improving urban quality.

With the goals achieved in the period of 2016-2020 and the goals were set in the period of 2021-2025, Vietnam hopes to achieve the socio-economic benefits set out in order to further develop the country, bringing development life to all aspects and bringing Vietnam to compete with other countries in the world.

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Hotel Business in Danang, Great Opportunity for Investors | ANT Consulting

According to the Department of Tourism of Danang City, the number of tourists to Da Nang in the first 6 months of 2018 reached 4 million visitors including domestic and international ones. Currently, the city has more than 700 accommodation establishments with more than 32,000 rooms and continues to increase rapidly to meet the demand of the tourists in the future.

The number of accommodation establishments in Danang has increased by at least 10%/year to meet the growing demand of tourists. Small-scale hotels (1-2 stars), spontaneously do not get the desired profit, due to the lack of management and facilities to meet the requirements of customers. However, the medium and large accommodation (3-5 stars) is extremely attractive to tourists, because of the convenience, as well as the appropriate management, along with the services that cater to the needs of the client’s holiday, even in the season which is not the tourist season these hotels are also out of rooms.

Today, with many policies of the city to attract investment in Da Nang to set up company and business destination and building Danang to become the tourist attraction of the country, the hotel business has become a great opportunity to develop. However, in order to attract profits in the hotel business, investors need to understand the demands of customers, select the scale and how to manage effectively. In addition, now with many methods of advertising, Internet booking support, hotel management software, … will make business easier, customers and hotels can meet easily, therefore they will bring profits in the business.

At the same time, many investors are doing business in the form of condotel, combined staying with leasing, this will help investors not only make a profit in investing in the resort hotel sector but also help investors or their friends and relatives of their rest in their own room when traveling in Danang.

For many foreign investors, investing in the hotel in Da Nang is a suitable option to seek profits. Taking the opportunity and investment at this time will help investors build the reputation for customers and bring long-term benefits in the future.

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