Viet Nam’s tourism real estate market needs projects with modern utilities and services to meet customer demand. — Photo baogiaothong.vn Viet Nam’s tourism real estate market has the potential for strong development, but utilities and services are needed to attract investors, heard a seminar organised by the Viet Nam Real Estate Association (VNREA) this week. Nguyen Van Dinh, vice chairman and general secretary of the Viet Nam Real Estate Brokers Association, said since the end of 2018, the domestic tourism real estate market had witnessed the emergence of new trends as businesses focused on developing complexes including resorts, shopping centres, and sports and entertainment facilities. Nguyen Tran Nam, VNREA chairman, said the domestic and international tourism industries held opportunities for investors due to the rising number of new customers. Developing projects in the old way would not ensure competitiveness or suit customers’ demands, Nam said. Ngo Huu Truong, deputy general director of Crystal Bay Group, said the complex model had been successfully implemented around the world, attracting millions of visitors each year. Viet Nam’s tourism real estate market needed to develop in accordance with global trends to increase competitiveness and attract more foreign tourists to Viet Nam, Truong said. The… Read full this story
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