ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

Vietnam's tourism hot spot becomes foreign investment hub

U.S.-China conflict and new infrastructure give rise to northern Quang Ninh province

The same province that attracts tourists from around the world to Halong Bay is beginning to attract big manufacturers to its relatively cheap industrial parks.   © AP

TOKYO -- With its emerald green ocean and moss-covered islets, the world heritage site of Halong Bay in northern Vietnam is one of the country's most popular destinations, attracting tourists from around the world. In 2023, it welcomed about 2.6 million foreign visitors, accounting for 21% of Vietnam's total inbound tourists.

However, the province where Halong Bay is located has another face. Quang Ninh has recently become Vietnam's largest recipient of foreign direct investment, overtaking Hanoi, Ho Chi Minh City and other economic hot spots, thanks to global supply chain diversification and a new port in a nearby city.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more