Data from the Ho Chi Minh City tax department also indicated that 12,486 companies were set up in the city during the first quarter of 2023. Over 13,600 companies temporarily suspended their operations, up 16.9 percent year on year, while the rest gave up their business addresses. Of the total, 249 businesses are conducting procedures for dissolution while 3,720 others have halted operations. More than 22,610 Ho Chi Minh City-based enterprises pulled out of the market between January and March, nearly double the number of newly-established firms in the metropolis, according to the city’s tax department. “Phu Yen’s potential is reflected by a limited supply of hotels, consisting of approximately 400 small-scale accommodations, 3-5-star hotels with approximately 700 rooms, and the absence of significant domestic and international … about Tourism real estate groups seeking pastures new
Photo: Chau Dao Cuong/VNA During Q1 of this year, the number of visitors to Phu Yen increased by approximately 4.5 times compared to the same period last year. Xuan Hai Fishing Wharf, Xuan Hai Commune, Song Cau Town, Phu Yen. In 2022, Phu Yen greeted 2.2 million visitors, deemed a modest figure but 20 per cent greater than in 2019. Vu stated that the sudden spike in tourist arrivals to Phu Yen is “an essential element” for investors in tourism real estate. Le Hoang Vu, vice chairman of CloudGate Group, said it intends to grow the travel brand with international operators such as Sailing Club. Tourism developer CloudGate has been focused on 10 real estate projects in south-central province of Phu Yen, a location with high tourism potential.
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