Latest News about night-time economy
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.
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.