NEW FACES TO BRIGHTEN REAL ESTATE MARKET

Dewan International has made a significant impact as the new arrival has focused on its blue-riband Nha Trang-based Phoenix Beach project valued at over $1.25 billion and slated for completion by 2020. The giant investment boasts 60 components designed to transform Nha Trang into a major tourism destination. The components comprise a boardwalk, cafes, restaurants, sky restaurants, clubs, shopping malls, and 5-star and budget hotels.

The Phoenix Beach is part of a rare group of foreign investments valued at over $1 billion.

Russian investors have also confirmed development of the Flowers Resort near Nha Trang. The project valued at roughly $88.8 million incorporates restaurants along with bars, spa and fitness centres, swimming pools and multi-functional halls.

Another new comer is the Blenheim Real Estate Group with its $302 million Green Tech City investment in Hanoi.

The developer will develop a 57.5ha ‘sustainable urban district’ incorporating existing villages, and eventually housing a population of more than 20,000 people.

The plans apparently will ‘expand and reinforce the local traditions and green urban character of Hanoi.’

Japan’s Creed Group has also plunged into the Vietnamese market with the City Gate Tower project in Ho Chi Minh City while Japan’s office-for-lease specialist Daibiru has debuted as new operator of the CornerStone Building in Hanoi after a successful purchase from VIBank.

Existing real estate developers such as Keppel Land, Sunwah and many others are actively expanding their portfolios in Vietnam.

In the residential segment, Singapore’s Keppel Land has bought a $26.7 million residential project in Ho Chi Minh City from the Tien Phuoc Company. A Keppel Land subsidiary also got the go-ahead for a proposed $102 million real estate project in the city.

The Hong Kong-based Tung Shing Group also contributed to the real estate market, buying a 53 per cent stake in Movenpick Saigon.

Fellow Hong Kong firm Sunwah also received good news after obtaining an investment licence for a $200 million development in Ho Chi Minh City, joining their high-valued existing Sunwah Tower and Saigon Pearl developments in the city.

According to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, a range of other foreign developers are queuing up awaiting official investment licences.

These include a $2.5 billion Vung Ro Bay resort complex invested in by Rockefeller family backed alternative investment management firm Rock Rose Group in Phu Yen, and Lotte Group’s $2 billion ‘smart city’ project in Ho Chi Minh City.

According to the FIA, Sunwah, Warburg Pincus and Texhong are pouring hundreds of millions of US dollar into Vietnam’s property market as their Hong Kong domestic market falters.

With more than $2.54 billion of new granted and capital increasing of last year, direct investment capital into real estate has reached a 4-year high.

FIA figures revealed property was the second most attractive sector to foreign investors in Vietnam last year.

This figure reached its peak in 2008 with a record $23 billion. This plunged to $7.4 billion in 2009 and $6.8 billion in 2010. By 2011 it had fallen to $845 million and $950 million in 2013.

Source: VIR

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

TECHNOLOGY

AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA

Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026

GARMENT / TEXTILE

TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION

Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.

Oct 14, 2026