A group of representatives from the Vietnamese National Association of Real Estate Professionals in the USA recently attended a meeting in Da Nang to discuss local real estate investment opportunities.

Representatives from the city authorities with other participants at the meeting (Photo:danang.gov.vn)

The Vice Chairman of the Viet Nam Real Estate Association, Mr Nguyen Manh Ha, remarked that Da Nang, over recent years, has seen a rapid growth in its local economy and infrastructure, especially the tourism infrastructure.  Thanks to this, a large number of domestic and foreign investors have showed a keen interest in the city’s real estate market.

The Deputy General Secretary of the Viet Nam Real Estate Brokers Association, Mr Tran Van Binh, underlined that many large groups operating in the city, such as VinGroup, SunGroup, VinaCapital and Indochina, have recorded great success in developing their high-end entertainment areas, golf courses, hotels and resorts in the city.

Municipal People’s Committee Vice Chairman Tran Van Mien said he hoped that American and Vietnamese-American investors would seek real estate investment opportunities in the city.  He remarked that, like other Vietnamese localities, Da Nang is willing to help overseas Vietnamese people settle in their adopted countries and encourage them to make efforts towards their hometowns in Viet Nam.

In an effort to secure its current position as a socio-economic hub in the central region, and one of the biggest urban areas in Viet Nam, the city authorities always focus on promoting investment and trading activities, enhancing the local investment environment, and speeding up administrative reforms in a bid to attract even more investors, especially those from abroad. 

Vice Chairman Mien pledged that favourable conditions are always created for both domestic and foreign investors to operate effectively in the city.

To date, the city has attracted 456 FDI projects with a total registered investment capital of 3.77 billion VND.  Of these, 48 are US-invested projects worth 518 million USD in total.