Logo of Phnom Penh Post newspaper Phnom Penh Post - Vaccination passports could help resort real estate segment in Vietnam

Vaccination passports could help resort real estate segment in Vietnam

Content image - Phnom Penh Post
Phu Quoc United Centre on Phu Quoc Island in Vietnam’s Kien Giang province. VINGROUP

Vaccination passports could help resort real estate segment in Vietnam

Accepting tourists to Vietnam with “vaccine passports” is considered an important step in the strategy of living alongside Covid-19 and will help revive the tourism and resort real estate industry.

Batdongsan.com.vn deputy director-general Nguyen Quoc Anh said the real estate market is still facing many difficulties, so the top priority for the resort segment is the recovery of the tourism industry.

Experts say that if the introduction of “vaccine passports” in the tourism industry is successful, it could be a driving force for many other economic sectors, given foreign-invested enterprises’ tendency to bring a large number of experts to work in the country.

Hai Phat real estate sales director Do Quy Duy said: “The pilot ‘vaccine passport’ programme is a good policy at present.”

During the pandemic, demand in the resort real estate segment had been very low, especially in coastal areas. On the other hand, this market has held significant attraction among foreign investors, he said.

Economic expert Dinh Trong Thinh said “vaccine passports” would provide great support for investment businesses. To take advantage of opportunities, businesses must prepare specific development strategies, and create tourism products that meet the needs of customers.

Khanh Hoa Real Estate Brokers Association secretary-general Phan Viet Hoang said that the “vaccine passport” would be the best solution for all tourism real estate segments.

Danh Khoi Group marketing director Ngo Van said large-scale foreign investors expect to access Vietnam’s resort real estate market, with an eye on properties expected to see high increases in value in three-to-five years.

Therefore, the resort and coastal tourism real estate segment would be attractive for all customers and investors after the pandemic recedes, he said.

Vietnam would be one of the best markets in Southeast Asia, awaiting large-scale foreign investors with big-ticket projects, Van said.

In the fourth quarter, social distancing measures may be reduced, which would also provide favourable conditions to attract foreign investors to Vietnam, creating a great push to the real estate market, especially resort real estate.

For domestic investors, Van said, from the third quarter of 2021, disbursement in real estate projects had increased, especially since the government strengthened vaccination efforts to control the pandemic.

This would be the moment that investors pour capital to own resort real estate products with legality, good location and many distinct advantages.

Following this trend, investment cash flow is gradually returning to resort real estate to seize on great opportunities when the economy recovers. Customers will choose attractive investment products at reasonable prices, Vietnam News Agency reports.

The pandemic is changing travel demand. Many tourists, especially families, want to go to private and safe resorts to relax around nature. That provides an opportunity for owning or investing in wellness resort real estate product lines.

However, Vietnam Real Estate Brokers Association vice-chairman Nguyen Van Dinh said the land fund for investors has become scarce, having been allocated to businesses before Phu Quoc was turned into Vietnam’s first island city earlier this year. This means fewer investment opportunities.

Therefore, investors need to seize investment opportunities in the resort real estate market, a segment still considered a “promised land” due to an expected strong rebound after the pandemic is controlled.



  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Banteay Meanchey gunfight sees 15 Thais arrested, three officers injured

    The Banteay Meanchey Military Police have arrested 15 Thai suspects and their accomplices after a gun battle between two Thai groups caused injuries to three police officers in the early hours of November 21, local authorities said. National Military Police spokesman Eng Hy said that according to

  • Locally-trained commercial pilots to lift Cambodia’s aviation standard

    The Kingdom is boosting its civil aviation sector with the establishment of a flight school with a local airline to meet growth demands once air travel recovers At 22, First Officer Reachta Lim is the youngest commercial pilot in Cambodia. He flies with the national flag