Vietnam needs world class theme park resorts to attract visitors and locals.
Vietnam’s young population demographic – 60% of the population is under 30 – and rise of an affluent middle class, together with stunning scenery and historic sites make the country ripe for entertainment development.
And it’s not just international tourists who need enticing. 5 million Vietnamese travel abroad each year and spending $6 billion on the trips.
Six Flags and Vietnam
Six Flags for example already sees Vietnam as a country with potential for their franchise model of expansion. In an exclusive interview with Blooloop, John Odum, President of the Six Flag’s international division explained:
“It has a growing middle class with an increasing propensity to spend. It also has a travel market that’s starting to feed Vietnam. We really think the dynamics fit nicely with what we bring to a market.
“Most of our partners are interested in a bigger resort development. They may be adding hotels, they may be adding retail, dining and entertainment and all of the other resort amenities, .”
Vietnam’s Real Estate Developers
VietNamNet Bridge reports that major Vietnamese real estate developers are already investing heavily in large projects.
Sungroup has a host of projects capitalized at tens of trillions of dong:
- Ba Na Hills, Asia Park (VND10 trillion)
- Fansipan cable car (VND4.4 trillion)
- Sun World Halong Park (VND7.794 trillion)
- a “Disneyland and Universal Studios themed Park” at Kim Quy Project (VND4.6 trillion)
- Hon Thom cable car complex in Phu Quoc Island
Meanwhile Empire Group has announced a VND12 trillion Cocobay project in Da Nang, and BRG plans to create a Hello Kitty theme park in Hanoi with Japanese Sanrio.
Image credit: tiNiWorld