Da Nang pitches itself as growth engine in central key economic region: official

Vietnam’s tourism is returning to the new normal and the resort real estate also begins getting back to the racetrack after a two-year hiatus caused by the COVID-19 pandemic, with numerous projects expected to be offered for sale in 2022.

This 1,000ha project features hundreds of entertainment and shopping facilities, as well as healthcare, sports, and meeting services, suitable for both short and long holidays, M.I.C.E tourism, and wellness tourism.

In the remaining months of 2021, once the COVID-19 pandemic is brought under control, Vietnam will be one of the locations attractive to many investors to resort real estate.

The country’s apartment inventory was estimated at some 3,300 units by the end of the first quarter of the year, falling 5,700 units compared to the same period last year, according to the Ministry of Construction (MoC).

Vietnam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.

Vietnam holds huge potential for developing the resort market thanks to high economic growth and growing travel demand, experts said at a recent workshop in Hanoi.

Vice Chairman of the Vietnam Real Estate Association (VNREA) Nguyen Manh Ha has stated that there is still room for resort real estate to develop, especially in new markets.

The future looks bright for Vietnam’s real estate sector, especially the resort segment, which is attracting attention from both domestic and foreign investors.

The central city of Da Nang will prioritise the development of tourism and services associated with commercial real estate for resorts.

As many as 800 domestic and foreign investors, property businesses and experts are expected to attend the first annual Vietnam Real Estate Forum, which will be held on November 15.

Coastal cities in Vietnam will soon welcome a number of new resorts as many projects have been launched since 2015.