Abstract
Vietnam has emerged from political isolation and its economy is now open to foreign investment. There exists great potential for the growth of tourism in the country. Numerous hotel projects are already under way and many more are planned. However, problems with financing, bureaucracy, government regulation of labor and land ownership, and a lack of tourism infrastructure remain a hindrance to foreign investment. Moreover, the former U.S. economic embargo has until recently hampered the involvement of U.S. companies in Vietnam's development.
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