They were referring to the Government’s recent approval of a project to developthe province’s night-time economy from now through 2030, focusing on culture,entertainment, food and beverage services, and travel.
The project will have policies to encourage enterprises and business householdsto participate in the night-time economy, including improving their ability toaccess funding, especially from banks.
Promotion for night-time activities will be stepped up together with buildingnight-time tourism products based on local cultural factors.
It will be implemented in Phan Thiet and Mui Ne in the first phase and in La Gitown in the next.
Binh Thuan needs to start developing the night-time economy not only for itsown benefit but also to become a model for adjacent provinces like Ninh Thuan,the experts said.
Night-time attractions for tourists are still not diverse, and so the averagetime visitors stay is quite short at two to three days, they said.
The economists said enterprises need to make plans for the night-time economy,ensuring the products are different from daytime ones since consumer behavioursand demands are different.
Vietnam needs a reasonable legal framework to develop, failing whichopportunities would be missed again, experts warned.
Phan Thiet seems set for a boom thanks to imminent transport upgrades, theysaid.
The first phase of the Long Thanh InternationalAirport is expected to be ready by 2025 with an annual capacity of 25 millionpassengers. Situated 130km from Binh Thuan, it is expected to attract manyforeign tourists.
When the Dau Giay - Phan Thiet Expressway is completed, La Gi will benefitsince travel times will be reduced: it will take only 30 minutes to Phan Thiet and45 minutes to Ba Ria – Vung Tau, the neighbouring coastal province that is only90 minutes away from Ho Chi Minh City.
But the experts said specific planning is necessary to develop the night-timeeconomy, and in the early stages only large investors and high-quality servicesshould be allowed./.