Billionaire Johnathan Hanh Nguyen’s Imex Pan Pacific Group has won the bid to invest in a VND6.83 trillion (US$293 million) duty-free zone on Phu Quoc Island off the coast of Kien Giang Province, Nguoi Lao Dong newspaper reported.

The Hanoi People’s Committee has just proposed the government to extend the operational duration of boutique hotel Metropole Hanoi to 70 years, surpassing the framework of current regulations.

Nine people have been taken into quarantine and put under observation in Da Nang after being detected with a slight fever. The nine were among a total of 8,300 tested at the international airport and seaports. 

After many years of being neglected, resort real estate in Binh Thuan province has been awakened by projects worth billions of dollars.

VietNamNet Bridge - Experts believe that the strong rise of emerging markets will be the highlight of the resort real estate market segment in 2019.

Premier Residences Phu Quoc Emerald Bay, a five-star resort and villa complex invested by Vietnam’s leading real estate developer Sun Group in Phu Quoc Island, was launched on December 1.

VietNamNet Bridge - Investors are now developing new types of resort properties like homestays as condotels are no longer the preferred investment channel. 

 A memorandum of understanding has been signed between the Phuc Yen College of Industry and the Flamingo Group with the aim of enhancing the quality of human resources in the tourism industry.

VietNamNet Bridge - Vietnam in general and HCMC in particular are proving to be ideal places for the wealthy from Asia to buy property.

VietNamNet Bridge - Many real estate developers in recent years have been running a race to provide  products that serve tourism, an achievement that has helped attract 10 million foreign travelers to Vietnam.

VietNamNet Bridge - A 3-star hotel with 50-70 rooms needs investment capital of VND100 billion. Meanwhile, annual revenue is not higher than VND20 billion. But more and more hotels arise every day.

VietNamNet Bridge - Most high-end resorts in Vietnam are managed by leading asset management companies from the US, Europe or Asia.

VietNamNet Bridge - Luxury real estate projects can be developed by either Vietnamese or foreign investors, but most of them are managed by international management groups.

VietNamNet Bridge - Investing in agriculture projects is a choice made by industrialists who have realized that the profits in their core business fields have dried up. 

 VietNamNet Bridge – Local government in the central city of Da Nang is calling for companies to invest in a resort project exclusively for elderly Japanese,

 Vietnam to continue launching tours to world’s largest cave; First high-class tourism complex in North Central Coast; First resort in Quang Binh province to earn five-star rating; AirAsia resumes flights to Danang

 VietNamNet Bridge – The coastal road that links the sea city of Da Nang and the historic town of Hoi An was once called the “multi-billion dollar road” because of its promising value.

 Singaporean resort developer Banyan Tree Holdings is expecting to receive the Vietnamese government’s approval to open a casino at its existing Laguna Lang Co resort in the centre province of Thua Thien-Hue.

VietNamNet Bridge – As the domestic casinos bar their doors to Vietnamese, they have been going to Cambodia to gamble.