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Tourism market offers opportunities for start-up businesses

Vietnam’s tourism market offers huge opportunities for start-up companies if they promptly seize technological trends to create special and unique tourism products, heard a workshop in Ho Chi Minh City on July 20.
Tourism market offers opportunities for start-up businesses ảnh 1Illustrative image (Source: VNA)
   
HCM City (VNA) - Vietnam’s tourism market offershuge opportunities for start-up companies if they promptly seize technologicaltrends to create special and unique tourism products, heard a workshop in HoChi Minh City on July 20.

A report delivered at the workshop, jointly organised by the Saigon Innovate Hub (SiHub) and the Start-upVietnam Foundation (SVF), showed that tourism has been identified as aspearhead economic sector in the near future, with the target of luring 17-20million international tourists and serving 82 domestic holidaymakers by 2020.

Nguyen Quoc Ky, Director General of theVietravel Company, underlined the need for research and development of start-upcompanies in tourism to secure domestic market share.

Participants stressed that amid thetechnological boom, start-up companies need to grasp the market’s trends andcontinuously innovate to offer highly competitive products, otherwise they willbe merged or closed.

Sharing the view, SVF Managing Director Pham Duy Hieu said start-up companiesshould enable staff members to show their creativeness, thus offering productsthat can satisfy, even surprise customers.

At the workshop, delegates discussedmeasures to develop Vietnam’s tourism, including incentives to lure tourists andinvestment in infrastructure, building overseas tourism promotion offices andpromoting regional connection.

In 2016, Vietnam’s tourism sector welcomed 10 million foreign arrivals andserved 62 million domestic holidaymakers, representing 4.3-fold and 5.3-foldincreases from the figures in 2001, respectively.-VNA
VNA

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