International hotel groups are increasingly arriving in or expanding in Vietnam as the country continues with efforts to make tourism a spearhead economic sector.
Corporate income tax would be exempted for two years, followed by a 50% reduction in tax payable for the next three years on income generated from products created under new tourism models.
For the first nine months, the central city's GRDP grew by 10.31%, positioning it ninth among Vietnam's 34 provinces and centrally administered cities, and third among 9 municipalities of the country.
Ho Chi Minh City is searching for innovative solutions to diversify tourism products, enhance destination connectivity, and extend visitor stays and spending.
This regulatory approval marks a major milestone for SPA following its initial AOC issuance on September 25, 2025, and its inaugural commercial flight on November 1, 2025.