/ Vietnam is experiencing a rapid economic, tourism and entertainment sector growth. A beautiful water theme park has just opened in the archipelago of An Thoi, near the world’s longest single-section cable car /

In Vietnam, economic reforms and a commitment to facilitate foreign investment undertaken mainly from 2000 onwards have led to considerable economic growth in the country, making Vietnam one of the fastest growing economies in the world. For some years now, the tourism industry has also taken on an increasing weight (contributing on average to over 6% of annual GDP) and the outlook is positive. This is due to several factors: the expansion of the local middle class (with a consequent increase in domestic demand), the continuous investments in the hotel and leisure sector, as well as the diversification of entertainment offers with the development of new tourist destinations and international events hosted in the nation, such as the Formula 1 Grand Prix, the first in Vietnam to be held this year in the capital Hanoi.

In 2019, Vietnam was chosen by 85 million national tourists as a travel destination (about 5 million more than 2018), whilst international arrivals to the country reached 18 million. The latter is an all-time record which marks an increase of up 16.2% compared to 2018. 80% of the tourists were from other Asian countries with significant percentage increases also from Europe (+6.4%), the Americas (+7.7%) and Africa (+12.2%). 

This year Vietnamese and foreigners visiting the country, and in particular the tropical paradises of the south-west of the nation, have one more destination to visit: a new waterpark inaugurated in late December which is the most modern of all Southeast Asia, and probably also the largest occupying 8 hectares…

Continue reading – p.62 Games & Parks Industry January 2020