Industry Perspective: Vietnam Confronts Dual Forces in Tourism Development: Sustainable Initiatives Versus Megaproject Investments
Abstract
This article assesses the challenges of creating and delivering small-scale sustainable tourism initiatives while private investors fund expansive tourism service megaprojects. These challenges are highlighted in Vietnam, where the government is eager to reinvigorate its travel industry after a two-year pandemic shutdown of international travel. The nation’s transport and tourism infrastructure deficit was evident before COVID-19. Domestic and international investment flows will be forthcoming as Vietnam strives to expand all three pillars of its travel sector: domestic, inbound and outbound. A proliferation of tourism megaprojects will raise tough questions about the compatibility of large-scale tourism sector growth with achieving vital greenhouse gas reduction targets and preserving Vietnam’s diverse natural environment.
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