... in Vietnam and decided to invest. Many luxury hotels are being built and existing ones are going through renovation. Vietnam s first six- star hotel is being built in Vinperland, Nha Trang and ... 2009. Vietnamese people have tightened their purse strings and only spend money on the essentials, hindering travel and tourism. Therefore, all aspects of Vietnam tourism including arrivals and ... over the first six months of 2009. Moreover, Indochina, the first private airline in Vietnam, has been in debt since the beginning of the review period; its sales declining rapidly, by nearly...