Vietnam Seaside Tourism Real Estate Forum 2018: Effective Governance on Investment and Business

TheLEADER magazine will organise the event highlighting topic of “Effective Governance on Investment and Business” which is expected to draw around 400 attendants in the morning of this August 4 at Hanoi Daewoo Hotel.

This forum will create an opportunity to exchange and discuss the most current issues of investing and operating seaside tourism estate projects in Vietnam, with the participation of specialized leaders from state management agencies, finance experts, economists, real estate agents and investors in and outside the country.

Three main themes will be considered at this event including "The takeoff of Vietnam tourism and its influence on the development of economy and tourism real estate market"; "The reality of seaside tourism real estate"; "Investment management of seaside tourism real estate projects - The view of managers, investors, entrepreneurs and real stories of locality".

The event will also create opportunities of linkage between tourism real estate developers and potential organizational and individual investors.

Possessing great potential for seaside tourism development, Vietnam has become an attractive destination for domestic tourists as well as international tourists in the recent years.

Based on the statistics of Vietnam National Administration of Tourism, the tourism sector of Vietnam has witnessed impressive growth rates over the years from 30 per cent to 40 per cent annually.

In 2017, the number of domestic tourists reached over 73 millions and the number of international tourists reached 12.9 million, a growth of 30 per cent compared to the previous year, gaining a total revenue for the sector of nearly $22.3 billion.

This figure is estimated to raise much more by 2020, particularly the number of domestic as well as international tourists to Vietnam may even reach 100 million, of which 20 million will be international tourists, helping the tourism exports receive over $20 billion.

Seeing the prominence of tourism sector, many investors have built a series of large scale resorts, hotels and amusement parks in the coastal areas.

Nevertheless, seaside tourism real estate market these days seems to be enduring lots of adversities. 

According to a recent report of Vietnam Association of Realtors, this market is experiencing a sharp fall in both supply and market liquidity in most of crucial areas for tourism and resort property development in the seaside areas such as Danang city, Nha Trang city, Quang Ninh province and Phu Quoc island.

One of the most concerning issue for buyers is the legal uncertainty with seaside tourism real estate projects plus the risk of profit commitment or the way to effectively manage, exploit and operate this type of property.

At a broader level, the roles and importance of tourism development for economic growth, tourism development strategies of each locality together with the planning of development areas for seaside tourism real estate and orientation to attract investment are also considered as problems for investors and buyers.