A 22-storey five-star Grand Tourane hotel. — Photo courtesy Quang Nam-Da Nang Trade company The rapid and stable growth of tourism has become a magnet for tourism property projects in the central city of Da Nang over the past decade, and revenue from the ‘green’ industry contributed nearly 30 per cent of the tourism hub’s Gross Regional Domestic Product (GRDP) in 2017. Booming hotel and resort projects now offer 28,000 rooms – 10 times as many as in 2007 – for the 15 million tourists expected to visit the city in 2030. Chairman of the city’s tourism association, Huynh Tan Vinh, said tourism also created 140,000 jobs for local and neighbouring employees – 25 per cent of the city’s labour force. Vinh said the unique landscape of coast, rivers and mountains as well as the nature reserves in Son Tra and Ba Na-Nui Chua lured 6.7 million tourists, of which 2.3 million were foreigners, to the city in 2017. In the first half of 2018, 3.3 … [Read more...] about Tourism growth lures hotel and resort investors to Da Nang
Somerset hoa binh
Positive tourism growth lures hotel and resort investors to Da Nang
A 22-storey five-star Grand Tourane hotel. — Photo courtesy Quang Nam-Da Nang Trade company The rapid and stable growth of tourism has become a magnet for tourism property projects in the central city of Da Nang over the past decade, and revenue from the ‘green’ industry contributed nearly 30 per cent of the tourism hub’s Gross Regional Domestic Product (GRDP) in 2017. Booming hotel and resort projects now offer 28,000 rooms – 10 times as many as in 2007 – for the 15 million tourists expected to visit the city in 2030. Chairman of the city’s tourism association, Huynh Tan Vinh, said tourism also created 140,000 jobs for local and neighbouring employees – 25 per cent of the city’s labour force. Vinh said the unique landscape of coast, rivers and mountains as well as the nature reserves in Son Tra and Ba Na-Nui Chua lured 6.7 million tourists, of which 2.3 million were foreigners, to the city in 2017. In the first half of 2018, 3.3 … [Read more...] about Positive tourism growth lures hotel and resort investors to Da Nang
Five foreign invested real estate companies to be inspected
Keppel Land Watco II Co., Ltd., G.V.C Development Limited, Indochine Park Tower, Global Toserco Co., Ltd., and Somerset Grand Hanoi, all big real estate developers in Hanoi and Ho Chi Minh City, will be inspected by the Ministry of Finance. Keppel Land Watco is trying to raise its ownership in Saigon Centre The Ministry of Finance (MoF) has just sent a document to the Ministry of Planning and Investment (MPI) on the inspection of implementing financial mechanisms and policies in five foreign-invested companies in this July. Accordingly, MoF will check the value of contributed capital at each party, the profits of the state’s contributed capital in these companies, the preservation of the state’s contributed capital in economic organisations, capital and project transfers, and the observation of tax laws. These firms will be informed seven days before starting the inspection. They are foreign-invested real estate companies with numerous big projects in Hanoi and Ho … [Read more...] about Five foreign invested real estate companies to be inspected