<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.riskinasia.com/blogs/tag/hospitality-investment-southeast-asia/feed" rel="self" type="application/rss+xml"/><title>Riskinasia - Blog #hospitality investment Southeast Asia</title><description>Riskinasia - Blog #hospitality investment Southeast Asia</description><link>https://www.riskinasia.com/blogs/tag/hospitality-investment-southeast-asia</link><lastBuildDate>Wed, 01 Jul 2026 12:49:41 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[Thailand Vietnam Tourism: a 20 to 1 lost game]]></title><link>https://www.riskinasia.com/blogs/post/thailand-vietnam-tourism-a-20-to-1-lost-game</link><description><![CDATA[Vietnam’s tourism struggles with the same recurring headaches — Tet gridlock, airport scams, littered beaches, stalled resorts — because it has no dedicated Ministry of Tourism. Tourism in Thailand is action, in Vietnam it's paroles, paroles...]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_xgr4hVmZQ2ygTOGBF4ntjg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_B3Zj34pmSWyJy7DJEDsjLA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_6Rrd66XyRFqU8eZs_5aXnA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_fR_qnmduR8Wmv-ebDXFP3w" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-align-center zpheading-align-mobile-center zpheading-align-tablet-center " data-editor="true"><span>Thailand Vietnam Tourism: a 20-to-1 lost game</span></h2></div>
<div data-element-id="elm_nPi8nx3RiX-vuE0C9u3Ifg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_nPi8nx3RiX-vuE0C9u3Ifg"] .zpimage-container figure img { width: 1024px !important ; height: 559px !important ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-original zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/VN%20tourism%20not%20a%20ministry.jpg" size="original" alt="Vietnam tourism Vs Thailand" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ScVKokLBTSKK2NTuH97-Gg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><p style="text-align:left;"><span style="font-size:16px;"><span style="font-family:&quot;Open Sans&quot;;">Every recurring complaint about Vietnam tourism — Tet gridlock, airport taxi scams, littered beaches, resorts stalled mid-negotiation — traces back to the same structural fact: there is no dedicated Ministry of Tourism to coordinate them. For property owners, operators, and travelers exposed to this market, that's not a footnote. It's a risk factor.</span></span></p></div>
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<div class="crumb">Partner Risks / Southeast Asia / <b>Vietnam — Tourism Sector</b></div>
</div></div><header class="hero"><div class="wrap"><div class="file-no"><span>FILE NO. <b>VN-TRSM-2026-07</b></span><span>DESK: <b>PARTNER RISKS</b></span><span>STATUS: <b>OPEN — RECURRING</b></span></div>
<div class="eyebrow">Partner Risk Briefing</div><h1>Vietnam's tourism sector has <em>no ministry</em> — and no amount of investment fixes that</h1><p class="dek">Every recurring complaint about Vietnam tourism — Tet gridlock, airport taxi scams, littered beaches, resorts stalled mid-negotiation — traces back to the same structural fact: there is no dedicated Ministry of Tourism to coordinate them. For property owners, operators, and travelers exposed to this market, that's not a footnote. It's a risk factor.</p><div class="stamp">Structural<br>Risk<br>Confirmed</div>
<div class="meta-row"><span>Sector: <b>Tourism &amp; Hospitality</b></span><span>Region: <b>Vietnam</b></span><span>Benchmark: <b>Thailand</b></span><span>Relevance: <b>Property · Resort · Travel Risk</b></span></div>
</div></header><section class="body-section"><div class="wrap"><div class="section-label">01 — The Org Chart Problem</div>
<h2>No seat at the table</h2><p class="lede">Vietnam manages tourism through the Vietnam National Tourism Administration (VNAT) — a subordinate administration buried inside the Ministry of Culture, Sports and Tourism, sharing budget and political weight across three unrelated mandates.</p><p>Compare that to Thailand, where the Ministry of Tourism and Sports is a standalone main ministry reporting into a National Tourism Policy Committee chaired directly by the Prime Minister — with a dedicated Department of Tourism for regulation and the Tourism Authority of Thailand for global marketing. In Thailand's model, tourism sits as a peer to Finance, Transport, and Foreign Affairs. In Vietnam's, it sits underneath a shared ministry with no independent standing.</p><div class="exhibit"><span class="exhibit-tab">Exhibit A</span><img src="exhibit-a-thailand-structure.png" alt="Thailand's National Tourism Policy organization chart, chaired directly by the Prime Minister, showing Ministry of Tourism and Sports, Department of Tourism, Tourism Authority of Thailand, and the cross-government supporting network."><p class="cap">Thailand's tourism governance runs top-down from a Prime Minister-chaired policy committee, giving the sector direct leverage over Transport, Foreign Affairs, Public Health, Natural Resources, and Finance.</p></div>
<p>For anyone with capital exposed to Vietnamese hospitality assets, this matters concretely: resort development sits under Construction, Agriculture and Environment — none of which report to VNAT, and none of which are obligated to prioritize a project's tourism value over their own review timelines.</p></div>
</section><section class="body-section"><div class="wrap"><div class="section-label">02 — Following the Budget</div>
<h2>Fighting a well-funded neighbor with a fraction of the tools</h2><p>Thailand's tourism authority alone operates with roughly USD 173 million a year in dedicated funding. VNAT shares an estimated USD 8–10 million, carved out of a parent ministry budget of around USD 142 million that also has to stretch across culture and sports nationwide.</p><div class="stat-strip"><div class="stat"><div class="num">~17x</div><div class="lbl">Thailand's tourism budget vs. VNAT's share</div></div>
<div class="stat"><div class="num">103.4M</div><div class="lbl">Vietnam population served by that budget</div></div>
<div class="stat"><div class="num">312/km²</div><div class="lbl">Vietnam population density — 2x Thailand's</div></div>
</div><p>A denser, more populous market with more infrastructure to coordinate is working with a fraction of the resourcing its regional benchmark enjoys — and that gap shows up directly in how slowly issues get resolved on the ground.</p></div>
</section><div class="wrap"><div class="cta seal"><div><div class="cta-eyebrow">Partner Product — Property &amp; Hospitality</div>
<h3>Building or holding hospitality assets in Vietnam?</h3><p>Resort and property development here clears Construction, Agriculture, and Environment reviews with no single authority coordinating the timeline. Cover the gap.</p></div>
<a href="#enquire-property" class="cta-btn">Enquire: Home, Property, Hotel &amp; Resort Insurance</a></div>
</div><section class="body-section"><div class="wrap"><div class="section-label">03 — The Nine-Ministry Maze</div>
<h2>What it takes to clear a single tourism decision</h2><p>Something as simple as a national campaign or a resort opening has to clear an inter-ministerial maze, with no single body empowered to move it through:</p><ul class="doc-list"><li><b>Visa policy</b> — touches four separate ministries before a rule can change.</li><li><b>Airlines &amp; airports</b> — Ministry of Transport, including the incoming Long Thanh and Gia Binh airports.</li><li><b>Resort &amp; infrastructure</b> — Construction, Agriculture and Environment.</li><li><b>Traveler safety &amp; entry</b> — Public Security and Foreign Affairs.</li><li><b>Tax incentives</b> — Ministry of Finance.</li><li><b>Heritage, festivals, museums</b> — Ministry of Culture.</li><li><b>Health protocols</b> — Ministry of Health, activated only during outbreaks.</li></ul><p>None of these report to VNAT. VNAT can request coordination — it cannot compel it.</p><div class="exhibit"><span class="exhibit-tab">Exhibit B</span><img src="exhibit-b-thailand-vietnam-comparison.jpg" alt="Side-by-side comparison of Thailand's dedicated Ministry of Tourism and Sports versus Vietnam's Ministry of Culture, Sports and Tourism with VNAT as a subordinate administration."><p class="cap">Thailand: a dedicated main ministry with direct PM-level leadership. Vietnam: tourism sharing a combined ministry, with VNAT as a subordinate administration lower in the priority chain.</p></div>
</div></section><section class="body-section"><div class="wrap"><div class="section-label">04 — Stability Over Reputation</div>
<h2>Why the pattern doesn't get fixed by press coverage</h2><p>As a one-party state, the Ministries of Public Security and Foreign Affairs are built to protect national stability first. Tourism's international image is a secondary concern for them. When enforcement makes headlines, the intended audience is domestic — a signal of order — even when the side effect is a negative story abroad. Structural complaints tend to surface quietly, if at all, because dwelling on service failures risks contradicting the national image the government wants to project.</p><p>On the ground, this fragmentation is what travelers and operators keep running into: repeated failed attempts by international resort operators to establish a foothold; Tet-holiday transport gridlock that returns every year with no single owner of the fix; littering enforcement that barely functions because environmental fines require a different chain than the traffic fines police already know how to issue; and Phu Quoc — a visa-free zone split between two private developers, with no authority coordinating roads or waste treatment for the island as a whole.</p></div>
</section><div class="wrap"><div class="cta harbor"><div><div class="cta-eyebrow">Partner Product — Traveler Protection</div>
<h3>Traveling to or through Vietnam?</h3><p>Airport taxi scams, transport gridlock during Tet, and inconsistent visa enforcement are recurring — not rare. Get covered before you land.</p></div>
<a href="#enquire-travel" class="cta-btn">Enquire: Need Travel Insurance</a></div>
</div><section class="body-section conclusion"><div class="wrap"><div class="section-label">Findings</div>
<h2>The fix isn't a bigger budget. It's a bigger mandate.</h2><p class="lede">Every issue in this file shares one root cause: no ministry in Vietnam holds the budget, political weight, and cross-government authority to make other ministries act in tourism's interest.</p><p>Thailand's model works because its Prime Minister-chaired committee gives tourism standing equal to Finance, Transport, and Foreign Affairs when priorities collide. Until Vietnam consolidates tourism into an equivalent ministry, improvements will keep arriving piecemeal — a new decree here, a stimulus visa policy there — always downstream of ministries with other priorities. That governance gap, more than any single policy misstep, is a structural reason Vietnam continues to record one of the lowest tourist return rates in Asia.</p><div class="sign-off">Filed under Partner Risks — Southeast Asia Desk · riskinAsia.com · Reviewed for accuracy against public ministry budget and organizational data.</div>
</div></section><section class="subscribe"><div class="wrap"><div class="subscribe-box"><div><h4>Get the next Partner Risk briefing</h4><p>Structural risk analysis on Southeast Asia's tourism, property, and hospitality markets — straight to your inbox.</p></div>
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