17:51 (GMT +7) - Tuesday 11/12/2018

Vietnam Today

Vietnam Seaside Tourism Real Estate Forum 2018

Released at: 16:35, 06/08/2018

Vietnam Seaside Tourism Real Estate Forum 2018

Photo: Ngoc Lan

In the first seven months of 2018, Vietnam welcomed 9 million international visitors.

by Ngoc Lan

At the Vietnam Seaside Tourism Real Estate Forum 2018 which was held on August 4 in Hanoi, experts said that Vietnam seaside tourism real estate is becoming one of the most promising areas of investment, but it should be exploited in accordance with general development planning, especially in the direction of sustainable development and environmental protection.

According to statistics from the Viet Nam National Administration of Tourism (VNAT), in the first seven months of 2018, Vietnam welcomed 9 million international visitors, an increase of 25.4 per cent over the same period last year. It's forecast that by 2020, the total number of local and international tourists in Vietnam will reach 100 million and the value of the tourism will be over $20 billion.

Mr. Han Manh Tien, Chairman of Vietnam Association of Corporate Directors said in the forum that because of its many advantages in terms of geographical location, natural conditions, unique culture, and stable government, Vietnam has become a very attractive destination for domestic and international tourists.” The high growth of the tourism industry has spurred the strong development of the sea tourism market. Hundreds of large-scale resorts, hotels, and entertainment complexes have been developed in key sea tourism places such as Da Nang, Binh Thuan, Nha Trang, and Phu Quoc,” he added. “The seaside tourism real estate market will continue to be one of the most promising investment areas and will receive special attention from domestic and international investors.”

To develop the seaside tourism real estate market in a sustainable manner, Ms. Duong Thuy Dung, Director of CBRE said that investors and developers should strive to market special products that retain visitors. “In addition, domestic investors need to enhance their international experience, cooperate with international investors to develop their projects in the direction of international standards, and diversify the products in the resort,” she noted. “The investment in the development of this segment should be exploited in accordance with general development planning, especially in the direction of sustainable development, environmental protection, and natural resources.”

At the forum, Mr. Mguyen Manh Khoi, Deputy Dead of the Department of Housing and Real Estate Market Management under the Ministry of Construction (MoC) also said that the MoC will soon submit a plan to the Government to promulgate more specific and comprehensive regulations and overcome the legal uncertainty of some real estate tourism products to promote the development of the seaside tourism real estate in order to create peace of mind for domestic and foreign investors to invest in this segment.

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