Việt Nam is quickly emerging as a top global travel destination and a key focus market for international hotel groups.

Around 100 officials representing State agencies, hotel and resort developers, design and architecture firms, and solution providers from around the world are gathering today in HCM City for the Second Annual Global Hotels and Resorts conference.

With its still huge untapped potential, the Vietnamese hospitality market has become a hot destination for many local and foreign investors. Việt Nam News reporters Thu Ngân and Vũ Hoa spoke with experts from consultancy and companies to ask about the potential of the market, foreign investment flows and how to develop it further.

Việt Nam has experienced unprecedented growth in the hospitality sector. Most hotels and resorts have high occupancy rates and construction of many new ones is underway. Việt Nam News reporter Thu Hằng asks Ken Atkinson, executive chairman of Grant Thornton Vietnam Ltd. and vice chairman of the Việt Nam Tourism Advisory Board, about how hotel and real estate developers can grab the opportunities arising in the hospitality and travel markets.

The rapid and stable growth of tourism has become a magnet for tourism property projects in the central city of Đà Nẵng 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.

The HCM City People’s Committee has asked agencies to strictly punish real estate brokers and land owners who spread rumours about possible construction or major property projects near their land lots.

The Vietnamese Goods Fair kicked off in Hà Nội on September 22, featuring 300 stalls by 200 firms from Hà Nội, Bắc Kạn, Tuyên Quang, Quảng Trị, Hưng Yên and Bắc Giang.

The Ministry of Industry and Trade (MoIT) proposed removing two plants from the list of 12 enterprises punished for low effectiveness and progress.

Deputy Prime Minister Trương Hòa Bình on Friday encouraged enterprises from Việt Nam and Poland to prepare investment plans in fields of mutual interests, such as the environment, agriculture, and food processing.

Hà Nội expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.

Vietnamese shares were mixed on Friday with the benchmark VN-Index falling as exchange-traded funds (ETFs) completed their quarterly portfolio reviews.

Prime Minister Nguyễn Xuân Phúc expressed his hope that there will be more German businesses investing in Việt Nam, during a reception for CEO of SAP Group Bill McDermott in Hà Nội on Friday.

The rapid growth of online business has slowed the shopping centre real estate market; however, experts say it has also provided a boost for the office rental market.

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Việt Nam Export-Import Joint Stock Commercial Bank (Eximbank).

The use of modern technologies in aquaculture would ensure sustainable development, experts said at a conference on water monitoring systems in HCM City on September 20.

A total number of national registered domain names with “.vn” reached 453,979 as of last month, an increase of 9.33 per cent over the same period last year, according to the Việt Nam Internet Network Information Centre.

Only 15 per cent of around 8,000 manufacturing companies in HCM City are capable of joining global supply chains but authorities are trying to increase the number.

A series of road constructions to neighbouring HCM City has caused the real estate market in Long An Province to soar.