The Mekong Delta province of Kien Giang, home to one of the hottest holiday spots in Vietnam – Phu Quoc Island, has experienced a boom in tourism over the last few years.
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.
A large area of sea grass on the Cham Islands, off the coast of Hoi An, have been damaged due to the rapid increase in speed boats over the past several decades—another sign that mass tourism and unsustainable development threaten the rich ecosystem on the islands.
Google and Singaporean sovereign fund Temasek have forecast the Vietnamese online tourism services market to be worth 9 billion USD by 2020, and said local companies should work quickly or risk losing the market to international companies.
Vietnam’s real estate market attracted over 600 million USD in foreign direct investment in the first five months of this year, according to the General Statistics Office.
Quang Binh will be elevated into a tourism centre for Southeast Asia by 2020, announced the local authority at a recent conference of managers from tourism enterprises based within the province.
From the beginning of this year, investments in resort properties have
shown signs of revival after the market crash of 2008, and this led to
huge excitement among big developers.
A tourist route linking Hanoi, Ho Chi Minh City, Binh Thuan and Phu
Quy island is likely under development following a familiarisation trip
for tour operators and related media experts to the south central
coastal province of Binh Thuan from May 28-31.
The Prime Minister has agreed in principle to adjust the master plan for
the construction of the Dinh Vu-Cat Hai Economic Zone in the Hai Phong
city by 2025.