Vietnam to invest billions in tourism.

Vietnam to invest billions in tourism. Wednesday, 31st August 2011 Source : HVS International Vietnam is planning on investing an estimated US$43 billion to develop its tourism infrastructure over the next ten years. This is part of the country's aim to boost its domestic and international tourist arrivals, from 28 million arrivals in 2010 to almost 50 million arrivals by 2020 for domestic arrivals, and from 5.5 million arrivals in 2010 to 10.5 million arrivals by 2020 for international arrivals. Twenty percent of this multi-billion dollar investment is set to come from the state, while the rest will come from local and foreign investors. There is current pressure to develop the country's hotel and resort industry instead of relying on Vietnam's heritage sites and natural scenery, with priority given to infrastructure development.