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When I was in Vietnam about five years ago I met an Australian businessman who told me he had gone along to a few seminars on investing in the Vietnamese tourist industy, he said he was now retired but had worked most of his life in the Australian hospitality industry and went along to these meeting out of interest and had concluded that they were a massive scam to get foreign investment in hotels and other infrastructure. He had visited some of the finished developments and spoken to staff and found out occupancy rates were only a few percent instead of the 50% plus promised, but developers, local councillors and planning officials had all got their cut while investors got no return on their minimum $500,000 investment. This was just one man's opinion but there may be some truth in it.
Incidently the same man showed me his photos of his tour of Southeast Asia on an ex-police R50 in 1965, he had Angkor Wat to himself for three days and hardly saw another tourist.
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