At the afternoon in a weekend of early-August, Tran Quang Hoi, director of Ecobuy, a consultant firm specialising business plan control and M&A support for Japanese partners, was constantly chatting with overseas clients looking for investment opportunities in Vietnam, even amidst the difficulties caused by the COVID-19 pandemic.
“The pandemic cannot stop the investment. In addition to the processing and manufacturing industry, hospitality is emerging as a promising sector for investors, and we have received hundreds of orders recently, instead of the dozens in the same period last year,” asserted Hoi.
According to Ecobuy, this is a good chance for both local and foreign investors to pour into hospitality, which had been abandoned in the past months, pushing owners to the point where they cannot sustain losses any longer. Seeing the potential of this sector, a lot of Japanese investors including Supper Hotel, Kuretakesou Inn, Toyoko Inn, Daiichi Jyutaku, Watabe, Sakura, and Azumaya are looking for hospitality projects to acquire.
"They are interested in projects under construction or finished, or operating with hundreds of bedrooms in Hanoi, Ho Chi Minh City, and popular tourism locations,” Hoi added.
