Latest News about night-time economy
Vietnam boasts multiple qualities for a night-time economy to grow, including a rich culture, superb foods, a young population and many deeply integrated cities.
Authorities in Hanoi are seeking feedback for a pilot scheme to allow recreational establishments in Hoan Kiem area to stay open past midnight.
Large cities in Vietnam, especially tourism sites, are rushing to develop a night-time economy with the aim of becoming ‘sleepless cities’.
Food and Music of An Bang Sea, a night event organized on An Bang Beach in Hoi An City in Quang Nam province last weekend, attracted many visitors.
Prime Minister Nguyen Xuan Phuc has approved a project to develop the night-time economy in Viet Nam to allow some activities to run overnight until 6am of the next day in some major tourism cities and zones.
Night-time economic activities have been around in Vietnam for many years, especially in big cities and tourism hubs. However the night time economy is still quite fragmented and and spontaneous.
Vietnam's night-time economic activities lack diversity and are small in scale, with a focus on food and night markets, or small pedestrian streets.
Boasting a coastline of over 3000km and stunning beaches, Vietnam has the potential to develop its night time economy.
Many retail models and entertainment services in large cities have not been successful when trying to develop a night economy.
The UK's night-time economy is now said to be the UK's fifth-biggest industry with annual revenues of £66bn.
In July 2019, ministries and people’s committees of central cities and provinces received a request to study Chinese policy on night-time economy development.
In many cities and provinces, local authorities are moving ahead with plans to develop night entertainment services, such as walking streets and night markets to attract travelers and develop local economies.
Economists and businesses all believe that developing the night-time economy will bring new opportunities to Vietnam.