Japanese corporation to build 100 hotels in Vietnam

Japanese hotel chain, Toyoko Inn, introduced its ambitious plan to build 100 starred hotels in Vietnam at a seminar in Hanoi on February 22.
Nishida Norimasa, President and also founder of Toyoko Inn, said he believes that the project would be successful as for the long term Vietnam’s economy will be surely better than at present.
Present at the event, Vice President of the Vietnam Chamber of Commerce and Industry Doan Duy Khuong highly valued the corporation’s project, describing it a meaningful economic event in the context when the relations in trade, tourism and culture between Vietnam and Japan are growing positively.
Khuong expressed his hopes that the project, once completed, will contribute to boosting the two countries’ tourism and investment cooperation, promoting Vietnam ’s images to international friends and fostering tourism, investment and business activities in Vietnam.
Japan now ranks third among 84 countries and territories investing in Vietnam in terms of registered capital and first in terms of the amount of disbursed capital.