Tourism to be among key growth engines for 2020 real estate market

At the Investment Conference 2019 organized by Nhip Cau Dau Tu magazine on Tuesday, CEO of Indochina Capital - Michael Paul Piro said that stable economy, constantly GDP growth and FDI inflows were among factors that help the real estate market develop in recent years.

The growth in the tourism industry during the past few years has contributed to tourism development and stimulate the resort real estate segment. This could be an opportunity for the resort real estate market to grow in coming years, said Michael.

Statistics of the Vietnam National Administration of Tourism says that Vietnam welcomed 15.5 million international visitors and 80 million domestic visitors last year. In the first 10 months of 2019, the number of international tourists reached 14.5 million, an increase of 13% over the same period of last year.

With the strong growth of the tourism industry, the resort real estate market has developed speedily, meeting the increasing accommodation demands for tourists, especially in regions with tourism advantages, including Da Nang, Nha Trang, Binh Thuan, Ba Ria - Vung Tau ...

However, in reality, the supply of branded hotels and resort is still very limited. This could be a bright spot for investors.

Besides tourism real estate market, industrial property is expected to be among most attractive segments with several opportunities for future development. With the strong growth of all segments, the real estate sector has become 2nd largest among 19 areas that attract FDI in the country.

By the end of 2018, the country had 326 industrial parks and economic zones with a total area of ​​over 95,600 hectares of land.

Experts assess that the orientation of building the economy focusing on export and the establishment of key economic zones, industrial parks, favorable condition to attract FDI ... will make this segment attractive in the future.