Vanuatu is a paradise for tourist lovers of the island nation, with bungee jumping, diving and volcanoes all attractive. With the country's infrastructure restoration and economic development, the government is also focusing on expanding the country's tourism industry. Vanuatu welcomes about 100,000 tourists every year, among which about 1,000 are from China. Australia, New Caledonia and New Zealand are currently the top three source markets for Vanuatu. However, the Chinese market continues to grow and has great potential for development.

Vanuatu's tourism industry accounts for 60% of its total GDP. The government is now absorbing global resources to expand infrastructure, expand cruise ships and container terminals, optimize the existing airport runway, build a new international airport and other actions, so as to make its tourism industry rise more vigorously. The increase of tourist population brings the demand for housing, which will affect the rise of housing rent and the growth of the value of housing itself. Local property prices rose by 80% between 2015 and 2019. The daily rental price of local B&B hotels ranges from 500 to 1500 RMB, and the return on investment of rental houses is 7-8%. In the eyes of long-term investors, Vanuatu's investment properties offer higher returns than the global average, making it a potential value basket.

Vanuatu is a world-class tourist destination, visited by thousands of people each year. With such a large number of visitors, Vanuatu is a huge business opportunity and tourism market. However, Vanuatu's own tourism industry is still not perfect, which undoubtedly provides a good opportunity for Chinese investors.

China-vanuatu agricultural cooperation enjoys broad prospects

China-vanuatu agricultural cooperation is highly complementary. Vanuatu is blessed with unique natural resources to be developed and has a favorable geographical location, with New Zealand to the south, Australia to the west and Japan to the north and other economic powers. There is a large space for the development of agricultural production and processing. The government of Vanuatu has signed relevant agricultural trade agreements with Australia and New Zealand and can enjoy certain preferential policies. By strengthening agricultural development cooperation with Vanuatu, China can implement the strategy of "going global" in agriculture, which will help expand the development space of enterprises and export China's agricultural technology, means of production and labor force. In the long run, with the worsening energy shortage, developing and utilizing Vanuatu's agricultural resources and expanding the cultivation of grain, sugarcane, cassava, sweet potato and tropical cash crops can establish a reliable backup food and bioenergy production base.