Foreign investment continues to flow into hospitality market 11:17 | 15/03/2021
The hospitality industry has struggled in the past year, but despite the challenges, foreign investors are still debuting new properties in Vietnam. VIRâs Hoang Anh sat down with Michael Piro, Indochina Capitalâs COO and Wink Hotelsâ CEO, to discuss the brandâs soon-to-open first property and why foreign investors are still bullish on Vietnamâs hospitality market.
Can you assess the potential of Vietnamese tourism in 2021 compared to neighbouring countries?
Michael Piro, Indochina Capitalâs COO and Wink Hotelsâ CEO
Vietnam has been exceptional with its approach to COVID-19, which recently ranked second worldwide by Australian think tank Lowy Institute. Not only does this highlight the countryâs competence on a global level, but it also allowed the domestic market to travel relatively unhindered, which puts us in a very good posi