(12PressRelease.com) The development of real estate is increasing sharply in the last 2 years. Real-estate is rated as the second choice of fund investment for the flow of FDI to Vietnam. There are 300 tourism real-estate project portfolios with capital up to 33.9 billion US dollars accounted for 16.3% total FDI registered in Vietnam. Tourism real-estate projects especially are attracting interest of foreign investors. In the year of 2008, which has been considered as an important bench mark for tourism real-estate in Vietnam, there were such important tourism projects as:
• Complex tourism entertainment Ho Tram by Asiana Coast Development Corporation (Canada) in Vung Tau with total investment of 4.23 billion US dollar.
• 5 star hotels, Entertainment Park, and restaurant in VungTau by Good Choices Corporation (USA) with total investment 1.3 billion US dollar.
• Bai Dai Tourism Park by Starby Holding Ltd in Phu Quoc with total investment of 1.648 billion US dollar.
The trend of FDI for tourism is even stronger in 2010. According to Vietnam National Tourism Department, total FDI flows to Vietnam this year could be up to 10 billion US dollar which accounted for 50% total FDI flows to Vietnam in this year. Moreover, 2010 has also been called “Vietnam Tourism National Year†with many special events. Furthermore, thanks to the financial supports of government and Vietnamese organizations, the country is heading toward completing basic construction in tourist destinations, especially famous ones.
The event of “1000 years Thang Long“ this year is expected to attract not only a huge number of foreign visitors for sightseeing but also the ones who are interested in owing high class real estate. This is a chance for Vietnam to promote the country‘s image internationally and provide opportunities for investors to put fund resources into tourism real estate market.
There are a lot of potential projects and government supports for tourism real-estate in 2010. The investors, therefore, should be considered seriously for these opportunities. They should consult on real estate firm for more information about potential projects. The advantages of this are that investors could gain knowledge from the specialized of those companies and be more comfortable as they put their money in the right place.
Capturing this opportunities, VIPC Fund Management Corporation wants customer´s investment on real-estate to be effective and efficient by providing services and consultation on any real-estate project that customers may be interest in.
July 2010
Khoi, Vo
Marketing team
VIPC Capital Management Corporation
www.vipc.com.vn
Email: [email protected]
