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Việt Nam to develop night-time economy

Created 01 August 2020
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The project aims to exploit the potential of the night-time economy in Việt Nam to promote overall economic growth, improving incomes for residents while limiting risks and negative impacts on political security, social order and safety

A night market in Phú Quốc Island District, Kiên Giang. A night-time economy project recently approved by the Prime Minister would allow a number of activities to run overnight until 6am of the next day in some major tourism cities. — Photo zingnews.vn

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has approved a project to develop the night-time economy in Việt Nam to allow some activities to run overnight until 6am of the next day in some major tourism cities and zones.

The project aims to exploit the potential of the night-time economy in Việt Nam to promote overall economic growth, improving incomes for residents while limiting risks and negative impacts on political security, social order and safety

Under the project, night-time activities would have expanded opening hours in some key tourism areas, including Hà Nội, Quảng Ninh, Hải Phòng, HCM City, Đà Nẵng, Hội An, Thừa Thiên Huế, Cần Thơ, Đà Lạt and Phú Quốc.

After the pilot implementation, evaluation of the economic efficiency and management efficiency would be carried out to develop an operating model for the night-time economy and bring it to other localities.

Specific night-time activities allowed under the plan were not disclosed.

Under the project, policies to encourage enterprises and business households to participate in the night-time economy would be developed, including improving their capacity to access official financial sources, especially banking credit.

Tourism promotion for night-time activities would be enhanced together with building night-time tourism products based on the cultural factors of each locality.

The PM also asked provincial and municipal People’s Committees to study night-time economic models appropriate for their areas.

Both the negative and positive impacts of night-time activities must be carefully studied, the PM asked.

The PM also asked to develop plans for areas to implement night-time activities in the future.

According to Trần Đình Thiên, former Director of the Central Institute for Economic Management, it was necessary to carefully study the model for the night-time economy in Việt Nam.

Security would be a major factor when developing a night-time economy, experts said.

In an article in Công Thương (Industry and Trade) magazine on February 25, Lưu Thanh Tâm from the HCM City University said that although some tourism products which happened from 6pm to 3am of the next day were very profitable, these products were not well-developed in Việt Nam.

The night-time economy was not just night markets, discos, bars, karaoke joints or pedestrian streets but should include shopping, dining and a range of other services such as transportation, trade and cross-border financial transactions, he said.

According to Tâm, to develop the night-time economy, it was necessary to have specific planning. In the early stage, only large investors and high-quality services should be allowed until efficient management measures were raised.

Under current regulations, public activities are not allowed after midnight. Only clubs inside tourist accommodation establishments rated at least three stars or higher are permitted to open after midnight but not later than 2:00 am the following day. — VNS


Source: VNN

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