Vietnam

Ana Marina Nha Trang

The Vietnamese Ministry of Transport has unveiled a draft decision to develop yachting into a flagship tourism service by 2030. This ambitious proposal, led by Hoang Hong Giang, Deputy Director of the Vietnam Maritime Administration, outlines a comprehensive plan to position the country as a competitive destination in the global yachting market. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/298341/image/large-34c2fb1a635b2ed76a6b574961b5c020.jpg" data-gid="gid://syiq/Photo/298341">The proposal aims to enhance Vietnam’s yacht industry through a collaboration with international investors and brands. The Ministry hopes to foster partnerships to produce and supply high-quality yachts and yachting services, tailored to both regional and international markets. &nbsp;By the end of 2024, the Ministry will have reviewed and revised regulations with plans to implement a pilot management scheme. This scheme will address operational aspects such as activity zones, docking areas and the responsibilities of owners, crew, and passengers, with plans to <img src="https://photo-assets.superyachttimes.com/photo/319852/image/large-ae2ea17ffdd3ec19de56de51d4b68ead.jpg" data-gid="gid://syiq/Photo/319852">From 2025 to 2030, the Ministry intends to focus on institutional reforms spanning seven key areas. Key initiatives include:<ul><li>Introducing a definition of yachts into the Vietnamese Maritime Code and Inland Waterway Traffic Law.</li><li>Developing a decree to regulate yacht operations in maritime and inland waterways.</li><li>Reviewing and planning ports and docking areas suitable for yachting activities.&nbsp;</li><li>Designating maritime zones for both Vietnamese and foreign-flagged yachts.&nbsp;</li><li>Establishing mechanisms to encourage investment in the yacht industry.&nbsp;</li><li>Implementing yacht port management regulations and service fee structures.&nbsp;</li><li>Streamlining administrative procedures to simplify yacht entry and departure at seaports. &nbsp; </li></ul>Read:&nbsp;<a data-gid="gid://syiq/Article/60915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Will marina development in the Asia-Pacific region meet the growing demand for superyachts? (2024-07-03 12:00:00 +0200)">Will marina development in the Asia-Pacific region meet the growing demand for superyachts?</a><img src="https://photo-assets.superyachttimes.com/photo/298336/image/large-a189482f7030dc7096d41c5ded7ea304.jpg" data-gid="gid://syiq/Photo/298336">Nguyen Manh Hung, Deputy CEO of <a data-gid="gid://syiq/Company/7295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ana Marina Nha Trang (Company)">Ana Marina Nha Trang</a>, remarked on the future of Vietnam’s yacht industry; "The country has about 200 yachts, including internationally certified ones, which is far below the potential of the industry,” he said. He emphasised the need for policy reforms and infrastructure development to unlock growth. &nbsp;Industry leaders have urged the Ministry to draw lessons from established yachting hubs such as Hong Kong and Singapore. Hung noted that Hong Kong issues certificates of ownership and operational licences based on inspections, while Singapore differentiates between domestic and international yacht operations when granting licences. &nbsp;To attract foreign-flagged yachts and align Vietnam’s standards with international practices, Hung stressed the importance of studying international regulations for yacht registration, classification, and crew qualifications. &nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/61562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific region eases superyacht regulations (2024-09-24 10:45:00 +0200)">Asia-Pacific region eases superyacht regulations</a><img src="https://photo-assets.superyachttimes.com/photo/298313/image/large-8e2feeaade969812e7b5c5b7c5203d52.jpg" data-gid="gid://syiq/Photo/298313">Luu Van Duc, CEO of Luu Gia Shipbuilding, praised the Ministry’s timing in port planning, emphasising the need for coordinated efforts to nurture yacht tourism. “Yacht registration procedures should be as straightforward as those for cars,” he suggested. &nbsp;Vietnam’s yacht market is still in its infancy. Although yachts began arriving in 2007, the first official distributor, Vietyatch, was established only in 2017. Today, around ten companies represent over 40 global yacht brands, reflecting growing interest despite the industry's small scale.&nbsp;

Vietnam's yachting destination plans by 2030

The Vietnamese Ministry of Transport has unveiled a draft decision to develop yachting into a flagship tourism service by 2030.