Vietnam will welcome a wave of foreign direct investment (FDI) capital in the real estate tourism sector.
BuiNgoc Suong, acting chairman of the Vietnam Tourism Property Association(VnTPA), told online newspaper bizlive.vn that real estate tourism hasbeen a special sector. Developers have to invest in both property andhigh-quality services.
Statistics from the Ministry of Planningand Investment showed that the country attracted 6.85 billion USD in FDIin the first half of the year.
The FDI poured into the propertysector was 692.3 million USD, a 65 percent increase year over year, andaccounting for 10 percent of the total.
Suong said FDI in thesector was mainly from international tourism groups and tour operators,such as from Russia, Japan and the Republic of Korea.
Forexample, the central Khanh Hoa province received two FDI tourismprojects, namely the 300 million USD Alma and 89 million USD Flowers.
Sharinghis opinion, Robert McIntosh, Executive Director, CBRE Hotels, AsiaPacific, said Vietnam had received big investment projects in the hoteland tourism sector since the middle of last year.
He said this meant that foreign investors were attracted by the investment opportunities in Vietnam.
However,the country's tourism industry had relied on the potential of its longand beautiful coastline, but had not done enough to help itsdevelopment, he said.
He added that the sector neededsynchronised investment while ensuring transparency on information,policies and the business environment.
Vietnamese enterprisesshould promote joint-venture models in the sector to learn from themanagement and operational experiences of foreign investors. This couldhelp Vietnam's tourism sector to join the industry's global network.
CBRE'ssurvey based on views and prospects of private investment in Vietnamshowed that the property, tourism and hotel sector comes second inattracting investors, after the retail, food and beverage sector.-VNA
BuiNgoc Suong, acting chairman of the Vietnam Tourism Property Association(VnTPA), told online newspaper bizlive.vn that real estate tourism hasbeen a special sector. Developers have to invest in both property andhigh-quality services.
Statistics from the Ministry of Planningand Investment showed that the country attracted 6.85 billion USD in FDIin the first half of the year.
The FDI poured into the propertysector was 692.3 million USD, a 65 percent increase year over year, andaccounting for 10 percent of the total.
Suong said FDI in thesector was mainly from international tourism groups and tour operators,such as from Russia, Japan and the Republic of Korea.
Forexample, the central Khanh Hoa province received two FDI tourismprojects, namely the 300 million USD Alma and 89 million USD Flowers.
Sharinghis opinion, Robert McIntosh, Executive Director, CBRE Hotels, AsiaPacific, said Vietnam had received big investment projects in the hoteland tourism sector since the middle of last year.
He said this meant that foreign investors were attracted by the investment opportunities in Vietnam.
However,the country's tourism industry had relied on the potential of its longand beautiful coastline, but had not done enough to help itsdevelopment, he said.
He added that the sector neededsynchronised investment while ensuring transparency on information,policies and the business environment.
Vietnamese enterprisesshould promote joint-venture models in the sector to learn from themanagement and operational experiences of foreign investors. This couldhelp Vietnam's tourism sector to join the industry's global network.
CBRE'ssurvey based on views and prospects of private investment in Vietnamshowed that the property, tourism and hotel sector comes second inattracting investors, after the retail, food and beverage sector.-VNA
