Property

Resort real estate has been the fastest-growing sector in Vietnam since Covid-19 was brought under control. Anticipating its potential in the central coastal region in general and Quang Binh province in particular, investors are now focusing on the segment.

The housing development plan for south-central Khanh Hoa province in the 2021-2025 period has been approved by the Provincial People’s Committee. The total housing area will increase by at least 5.3 million sq m by 2025, equivalent to more than 51,200 houses. More than VND48.8 trillion ($2.14 billion) in capital is needed to implement the plan.

Its sunshine and breeze are invaluable resources for the development of renewable energy in south-central Ninh Thuan province. Under its planning, Ninh Thuan will be a gateway connecting the Southern Key Economic Region with provinces in the southern reaches of the central highlands and the south-central coast. It will develop its economy based on six pillar industries: energy, tourism, agriculture, forestry and fisheries, industry, education, and construction and real estate.

The Thanh Hoa Provincial People’s Committee has directed relevant departments to consider and continue implementing the previously delayed Dao Ngoc eco-resort and accommodation project at the Nghi Son Economic Zone. The project has an area of more than 20 ha, including a hotel, a restaurant, a bar, a golf course, a tennis court, and a swimming pool, with total investment of more than VND1.6 trillion ($70 million).

Central Quang Nam province has identified industrial development as a major orientation in its economic development. According to the master plan to 2030 and vision to 2045, the province will develop an additional 20,000 ha of industrial parks and clusters. Thirteen industrial parks are now operating in the province, posting export turnover of $800 million and employing 55,000 workers.

The real estate market in Vietnam’s central region will see many positive signs in 2022 as a number of key traffic projects are built and international flights are reopened. The potential of the local real estate market also stems from links with other regions and similarities in geography, tourism, and transport infrastructure, which create values, dynamism, and a new development force.