Overview

The long white sandy beaches and temperate climate of Viet Nam’s central coast provide the closest logical destination for north Asian tourism.  It’s a short distance to many key feeder cities throughout Japan and Korea, and very near two of the world’s largest tourist source locations, China and Russia.

Recreation and Cultural links are very strong.  There are already three international golf courses (Norman, Montgomerie and Faldo) on the Da Nang ‘golf coast’, with plans for another five within the next two years.  The central coast also has the UNESCO Cultural Heritage Sites of Hoi An Ancient Town, My Son Sanctuary and the Imperial City of Hue.

The Provincial Competitiveness Index (PCI) is an annual business survey, assessment and ranking of the economic governance quality of provincial authorities in creating a favourable business environment for development of the private sector. Da Nang has been ranked number 1 for three years in a row.  It is a progressive city, and open for business.

Vietnamese residential requirements are changing;

  • Household occupancy, once one of the highest in Asia is falling rapidly, creating a greater need for housing diversity.
  • Second homes and lifestyle choices are becoming commonplace.
  • Good growth of the middle class and even stronger growth of the affluent class

Balanced development between tourism and industry is a priority for Da Nang. Foreign direct investment (FDI) is not welcome in heavy industries causing pollution. Preferred FDI projects are weighted toward tourism, trade, high-tech and information technology.

For more information, click 15092016 – Savills Vietnam Spotlight – Danang Market Report 1H2016 – EN and 15092016 – Savills Việt Nam báo cáo tổng quan thị trường Đà nẵng 1H2016 – VN.

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