Binh Thuan discusses developing night-time and urban economy

Assoc. Prof. Dr. Tran Dinh Thien - Former Director of the Vietnam Institute of Economics presented the thematic information on "Development of the night-time economy, urban economy creates leverage for tourism developemnt in Binh Thuan". The topic turns around key contents such as: Night-time economy, content, conditions; international experiences in night economy; problems and solutions to developing night-time economy in Vietnam in general and Binh Thuan in particular.

According to Assoc. Prof. Dr. Tran Dinh Thien, the night-time economy is the continuation of daytime economic activities, lasting from 18PM in the previous evening to 6AM in the next morning, forming the night-time economic life. It is a real economy, with specific structure, mechanism, dynamics and resources: Services, consumption (food, theater, music, cinema, shopping, entertainment, etc.) plays the main role. This is the new competitive advantage of modern urban development.

Night-time attractions for tourists are still not diverse, and so the average time visitors stay is quite short at two to three days.

The economists said enterprises need to make plans for the night-time economy, ensuring the products are different from daytime ones since consumer behaviours and demands are different.

Its tourist attractions, unique culinary culture and pleasant night weather are great assets that will enable Binh Thuan province to develop its night-time economy, experts have said.