A series of hotels have had to cancel their opening plans this year because of Covid-19. Many hotels have been put up for sale because of poor patronage.

VietNamNet Bridge - Land plots located in advantageous positions in the central area of HCM City are known as ‘golden land’ because they promise huge profits for investors.

The Hanoi Stock Exchange confirmed Intimex Vietnam’s decision to buy 6 million shares of Hanoi Toserco (TSJ), a tourism company established in 1988, with total estimated value of VND200 billion.

VietNamNet Bridge - In the past, investors struggled to scramble for ‘golden land’, the land plots located in advantageous positions in central business districts. But now their interest has waned. 

VietNamNet Bridge - Many investors are rushing to develop software park projects in Hanoi. Experts, warning about ‘software park inflation’, say that investors have ‘other purposes’ when eyeing such projects.

Toshin Development of Japan and the Van Thinh Phat group of well-known tycoon Truong My Lan both want to become investors of an underground commercial center project in the prime real estate area in HCM City's downtown.

VietNamNet Bridge - The HCMC authorities' plan to put 23 land plots in advantageous positions, called ‘golden land plots’, into auction this year. Only a few Vietnamese enterprises are financially capable of buying the land.

VietNamNet Bridge - A series of state-owned enterprises (SOEs) have been sold at sky-high prices as they hold large land plots in advantageous positions, known as ‘golden land’. However, the sales might make the enterprises less attractive.

VietNamNet Bridge - Investors are less interestedin enterprises' strong brandsor valuable machines and equipment, but instead large land plots in advantageous positions. 

VietNamNet Bridge - Land prices not only depend on position, but also on urban development plans. 

The Giang Vo Exhibition Center, located on the so-called “golden land” in the center of Hanoi, has become “a tidbit difficult to swallow” as investors will face many responsibilities if they opt to exploit the land.

VietNamNet Bridge – Investors once paid thousands of dollars for each square meter of land in so-called golden land areas in Hanoi, but the plots remain empty and unused.

 VietNamNet Bridge – There are a lot of fallow land plots in the coastal provinces, from Da Nang to Khanh Hoa, Ninh Thuan, Binh Thuan to Ba Ria – Vung Tau and Phu Quoc island.