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Vietnam tourism property: 95pct of investors are from Asia

Marc Townsend, managing director at CBRE Vietnam, recently commented on the prospects of Vietnam tourism real estate market and proposed ideas to promote Vietnam into a better destination for foreign investors and tourists. In accordance, he said that Vietnam is a very attractive market which is attracting international brands, especially in major cities like HCMC, Danang and Hanoi. About 95pct of foreign investors will come from Asian countries, like Japan, South Korea, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and Philippines. In order to compete with foreign investors in Vietnam tourism real estate market, the country needs many renovations from liberating visa regulations, adding more budget for tourism industry, expanding airports, diversifying hotel selections with varied prices, etc.