Vietnam real estate: big room for foreign businesses: Savills

Vietnam real estate: big room for foreign businesses: Savills

With advantages from macro factors and an attractive market across most real estate segments, Vietnam is still a promising destination for foreign investors despite current market woes, according to Savills Vietnam.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province finds fault with Singapore firms’ real estate project proposals

Central Vietnam province finds fault with Singapore firms’ real estate project proposals

Two real estate projects proposed by a joint venture comprising two Singaporean and a Vietnamese firm do not match Quang Tri province’s development plans and ground realties, said provincial authorities.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hotel giant Marriott signs deals to open 3 new resorts in Vietnam

Hotel giant Marriott signs deals to open 3 new resorts in Vietnam

Marriott International, Inc. has signed agreements to open three new resorts in Vietnam in a move to expand its luxury portfolio, the U.S. hotel operator said on Thursday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lotte officially opens $643 mln commercial complex in Hanoi

Lotte officially opens $643 mln commercial complex in Hanoi

South Korea's Lotte Group conducted the official grand opening of its $643 million Lotte Mall West Lake complex in Hanoi on Friday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

International tourism in Vietnam to start full recovery next year: Savills

International tourism in Vietnam to start full recovery next year: Savills

Vietnam’s tourism market is recovering and “full recovery is expected from 2024,” says Troy Griffiths, deputy managing director of property consultancy Savills Vietnam.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

CapitaLand Ascott records H1 gross profit of $6.4 mln in Vietnam

CapitaLand Ascott records H1 gross profit of $6.4 mln in Vietnam

CapitaLand Ascott Trust, the management agency of five Somerset hotels in Vietnam, posted a gross profit of VND152.7 billion ($6.43 million) in the first half of 2023 from its Vietnam business, up 47% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hotel chain Melia to make Ha Long debut in 2027

Hotel chain Melia to make Ha Long debut in 2027

Spanish hotel chain Melia Hotels International has signed an agreement to launch a new hotel in Ha Long town, home to the famous Ha Long Bay in northern Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

M&As pick up pace in Vietnam property market

M&As pick up pace in Vietnam property market

Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition (M&A) deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

Book your wedding at Hyatt Regency Danang with chance to win a suite voucher

Book your wedding at Hyatt Regency Danang with chance to win a suite voucher

Nestled at the gateway of the vibrant city of Danang, Hyatt Regency Danang Resort and Spa is combination of luxurious accommodation, tantalizing culinary delights, and a great setting for weddings where couples can exchange vows in a picturesque beachfront ceremony.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai fund SHREIT sells 3 hotels in HCMC, Jakarta for $106 mln

Thai fund SHREIT sells 3 hotels in HCMC, Jakarta for $106 mln

Thai real estate investment trust SHREIT have sold three hotels representing 632 keys altogether in Ho Chi Minh City and Jakarta for a combined $106.1 million, according to property service firm JLL.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi hotel voted 16th best in the world for 2023

Hanoi hotel voted 16th best in the world for 2023

La Sinfonía del Rey Hotel & Spa in Hanoi has been voted among the world's 25 best hotels in 2023 by travel platform TripAdvisor.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Marriott adds 7 Vinpearl hotels, resorts to Vietnam portfolio

Marriott adds 7 Vinpearl hotels, resorts to Vietnam portfolio

Marriott International Inc. on Wednesday signed management agreements with Vinpearl, Vietnam’s largest hospitality and leisure chain, for an additional seven hotels and resorts, comprising more than 2,500 rooms.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hospitality giant Banyan Tree to expand portfolio in Vietnam

Hospitality giant Banyan Tree to expand portfolio in Vietnam

Banyan Tree Group plans to double its global portfolio in the next five years, including nine facilities in Vietnam, the Singapore-headquartered hospitality giant announced last Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

CapitaLand Ascott’s gross profit in Vietnam up 31% to $10 mln in 2022

CapitaLand Ascott’s gross profit in Vietnam up 31% to $10 mln in 2022

CapitaLand Ascott Trust, the management agency of five Somerset hotels in Vietnam, posted a revenue of S$27.6 ($20.63 million) from its Vietnam operation in 2022, up 33% year-on-year, according to the firm’s latest report.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fusion Hotel Group to launch new properties across Vietnam

Fusion Hotel Group to launch new properties across Vietnam

Fusion Hotels & Resorts, under Lodgis Hospitality Holdings, will add three properties across Vietnam to its current portfolio of 16 hotels in Vietnam and Thailand in the next 12 months, the hotel management company announced Monday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Archipelago International’s first Vietnam hotel overlooks Nha Trang Bay

Archipelago International’s first Vietnam hotel overlooks Nha Trang Bay

Archipelago International, a Southeast Asia-focused hotel management group, has made its debut in Vietnam with the Aston Nha Trang City Hotel, to be officially launched Wednesday.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's The Anam Mui Ne among 'best hotels to book in 2023'

Vietnam's The Anam Mui Ne among 'best hotels to book in 2023'

The Anam Mui Ne in Phan Thiet town has been named among the "best hotels to book in 2023" by U.S. cable news channel CNN.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong golf resort project rife with violations: government inspectorate

Hai Phong golf resort project rife with violations: government inspectorate

The Government Inspectorate says it has detected multiple violations in the conduct and management of the Song Gia golf-resort complex project in the northern port city of Hai Phong.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hotels, accommodation facilities face staff shortage after pandemic

Hotels, accommodation facilities face staff shortage after pandemic

About 40-50% of workers at hotels and other accommodation establishments left their jobs in 2020-2021 due to the Covid-19 pandemic and have yet to return to work after the country reopened to international tourism in March, leading to labor shortages in the sector.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Dinh province attracts major projects in end-2022

Binh Dinh province attracts major projects in end-2022

Binh Dinh province has approved in principle two major projects with registered capital of VND1.4 trillion ($58.73 million).

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Government Inspectorate detects violations at JW Marriott Hotel Hanoi project

Government Inspectorate detects violations at JW Marriott Hotel Hanoi project

The construction of JW Marriott Hotel Hanoi was found to have had violations, according to a Government Inspectorate release Thursday on state management of tourism.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Two Vietnamese hotels among Asia's ‘exciting new retreats’

Two Vietnamese hotels among Asia's ‘exciting new retreats’

The Regent Phu Quoc and Capella Hanoi have been named among Asia's "exciting new retreats" to travel to right now by the U.S travel magazine Afar.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

10 Vietnamese resorts, hotels win Asia's best luxury award

10 Vietnamese resorts, hotels win Asia's best luxury award

Almanity Hoi An Wellness Resort, Caravelle Saigon Hotel, and Crowne Plaza Phu Quoc Starbay are three of 10 hotels, resorts honored at the 16th Annual World Luxury Hotel Awards 2022 in Asia.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Seven Vietnamese luxury hotels named among world's best

Seven Vietnamese luxury hotels named among world's best

Amiana Resort Nha Trang, Hotel De La Coupole - MGallery, and InterContinental Hanoi Landmark72 are three of seven Vietnamese hotels honored at World Luxury Hotel Awards 2022 early this week.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC hotel room rates surge 50% in Q3

HCMC hotel room rates surge 50% in Q3

Ho Chi Minh City’s hotel room rates in the third quarter of the year increased by 50% compared to last year as business activities have resumed, according to Savills Vietnam.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Death-row prisoner looks to resurrect business: my land assets worth billions now

Death-row prisoner looks to resurrect business: my land assets worth billions now

Lien Khui Thin was one of the most well-known entrepreneurs in Vietnam in the 1990s. He was sentenced to death in 2000 in the major Epco-Minh Phung scam. The sentence was commuted to life imprisonment in 2003 and he was freed in 2009 under an amnesty program to become an entrepreneur again.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hue hotel voted fourth best in Southeast Asia

Hue hotel voted fourth best in Southeast Asia

Azerai La Residence in the former imperial capital of Hue has been voted among the 10 best hotels in Southeast Asia by readers of U.S. travel magazine Conde Nast Traveler.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hyatt Regency Danang Resort & Spa offers triple earnings with dine-local program

Hyatt Regency Danang Resort & Spa offers triple earnings with dine-local program

Hyatt Regency Danang Resort & Spa is offering a local dining program with triple earnings for World of Hyatt members from September 15 to December 20.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Turkish hotel group wants to develop six brands in Vietnam

Turkish hotel group wants to develop six brands in Vietnam

Continent Worldwide Hotels has signed a master franchise and development agreement with Ritz International Co. to introduce and develop the Turkey-based hotel management firm’s six brands in Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pullman Vung Tau, DLG Hotel Da Nang honored by int'l awards

Pullman Vung Tau, DLG Hotel Da Nang honored by int'l awards

Pullman Vung Tau and DLG Hotel Da Nang have been named among the best hotels by International Travel Awards 2022.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nobu enters Vietnam hospitality market via Phoenix Holdings partnership

Nobu enters Vietnam hospitality market via Phoenix Holdings partnership

The first Nobu Hotel, Restaurant, and Residences in Vietnam is set to open in Danang city on the central coast in 2024, Nobu Hospitality LLC said.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

CNN lists 8 of Vietnam's hottest new hotels

CNN lists 8 of Vietnam's hottest new hotels

U.S. cable news channel CNN listed Thursday eight of Vietnam's hottest new hotels to "lay your head at a range of prices and styles".

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Three Vietnam hotels among Asian top 15

Three Vietnam hotels among Asian top 15

Capella Hanoi, Sofitel Legend Metropole Hanoi and Park Hyatt Saigon are three hotels in Vietnam to enter the top 15 best city hotels in Asia list as voted by Travel + Leisure readers.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ninh Binh cave hotel room exposed as fake on Agoda: authorities

Ninh Binh cave hotel room exposed as fake on Agoda: authorities

A hotel room with full amenities, located in a stone cave in Ninh Binh province and priced at VND97 million ($4,140) per night on Agoda's booking site, is completely fake, the provincial tourism authorities said Friday.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major Vinpearl deal adds 8 hotels to Marriott portfolio

Major Vinpearl deal adds 8 hotels to Marriott portfolio

Marriott International Inc. on Wednesday signed a strategic agreement with Vinpearl, Vietnam’s largest hospitality and leisure chain, to manage almost 2,200 rooms across eight hotels in the country under its brands.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7