Quảng Ngãi real estate has huge potential

Viet Nam News HÀ NỘI – The real estate sector in the central province of Quảng Ngãi has strong potential to grow, thanks to its geographic attributes but still-low property prices that appeal to investors. Quảng Ngãi Province is strategically located in the central region and along the East-West economic corridor. It has convenient transport infrastructure and easy links with neighbouring economic zones and neighbouring countries by road, air and waterway systems. Because of this, its industrial, tourism and marine economic sectors are expected to boom in the next few years. At present, the Dung Quất-Quảng Ngãi deep-water port can receive ships of up to 100,000 tonnes, making it an important gateway for importing and exporting goods. In terms of industry, Quảng Ngãi’s Dung Quất economic zone has an area of over 45,000ha. It is one of the five coastal economic zones that have been prioritised by the Government to receive investment in infrastructure and offer the strongest incentive schemes in Việt Nam today. By the end of the second quarter of 2018, Quảng Ngãi’s regional domestic product (GRDP) was estimated to rise 9.23 per cent over the same period last year. The industrial sector increased by 16.15 per cent and service sector grew by 7.14 per cent. In terms of tourism, total visitors to Quảng Ngãi in 2017 reached 810,000, including 69,000 international visitors, equal to 108 per cent of the year’s target and representing a year-on-year increase of 12 per cent. Total tourism revenue reached VNĐ710 billion (US$30.4… [Read full story]