- The first stage of the French Village at Ba Na Hills Resort in Da Nang has opened, featuring 162 hotel rooms meeting European standards. - Luxury hotel groups like InterContinental, Hyatt and Accor have entered the Da Nang and Nha Trang markets to capture business opportunities from growing tourism. Hilton and Sheraton plan to open new hotels in these cities by 2017. - Major property developers are increasing investment beyond Hanoi and Ho Chi Minh City to focus on resort and tourism destinations like Da Nang, Nha Trang, Phu Quoc and Thanh Hoa, where demand is rising.

1. News: FIRST STAGE OF BA NA HILLS RESORT'S FRENCH VILLAGE
INAUGURATED
(Source: baodanang.vn) 27-04-2015
After 2 years of construction, the first stage of the French Village in Da Nang’s Ba Na Hills
Resort officially opened last Saturday. In attendance at the opening ceremony were some of the
city’s leaders and the French Ambassador to Viet Nam, Jean-Noel Poirier.
A corner of the French Village
The French Village features a hotel complex with a total of 484 rooms meeting 3-5 star
international standards. In the first stage, 162 rooms have been put into use to meet the
accommodation demands of visitors arriving at the resort. The rooms which feature meticulous
interior design boasting classic European-style appliances.
News: LUXURY HOTEL OPERATORS MOVE TO VIETNAM’S RESORT
DESTINATIONS
(Source: batdongsan.com.vn) 05/05/2015
According to a report by Jones Lang LaSalle (JLL), Da Nang and Nha Trang are emerging
as successful resort markets in Vietnam. Naturally, luxury hoteliers are moving to these hot
spots to capture the potential business opportunity.
For international visitors, Hanoi and Ho Chi Minh City still remain the most popular destinations
in Vietnam. However, official statistics showed the central coastal city of Da Nang has seen a

2. significant growth of 25% per year in its international travelers in recent years. In 2014, the city
welcomed nearly 1 million tourists from all over the world.
Luxury hoteliers are moving to Vietnam's resort destinations to capture
potential business opportunities.
Currently, hotel supply in Da Nang is dominated by 1 or 2-star domestic units. However, some
world-class hotel managers have started to broaden their presence in the city. InterContinental
Hotels Group, Hyatt and Accor entered the market while Hilton and Sheraton set plans for their
opening in 2016 and 2017 respectively with a total of 583 rooms.
According to Dave Horton, Director of Hilton Hotels and Resorts, Da Nang is a booming
industrial city as well as an increasingly important tourism destination in Vietnam. Once
operated, Hilton Da Nang is expected to attract both leisure and business travelers.
Known as one of Vietnam’s premier beaches, Nha Trang also experienced an increase of 18.2%
in international tourist arrivals last year.
The city is home to some of world’s most beautiful beaches such as Nha Trang Bay and Cam
Ranh Bay. Like Da Nang, hotel supply in Nha Trang is dominated by family-run units with a
rising international presence. Reportedly, Eastin Duyen Ha Resort and Dusit Thani will be put in
operation in the next 2 years, providing a total of 889 rooms to the city’s hotel market.
Located on Cam Ranh Bay, Dusit Thani hotel is expected to be popular with beach lovers who
visit Nha Trang. Chanin Donavanik, CEO of Dusit International said: “The peninsula and natural
harbor in Cam Ranh Bay offer visitors calm waters surrounded by mountains and great weather
conditions.”

3. News: PROPERTY GIANTS TO ENHANCE INVESTMENT IN PROVINCES.
(Source: cafef.vn) 05/05/2015
The warming of property market has not limited in Hanoi or HCM City but widely
spreading in many other provinces. In particular, the market areas with developing resort
and tourism is becoming "focal points" of many big investors.
A resort project in Nha Trang Province
While the real estate giants strongly exploited HCMC and Hanoi markets in 2014, the early
months of 2015 have witnessed a great movement in other provinces. Priority has been given to
urban type 1, however, differs from Hanoi or HCMC market, hotel, resort and commercial center
are being paid more attention than housing.
The new cycle of the real estate market recognizes a widespread in investment in many big
cities. Notably, the cities with great potential development in tourism or big urban like Da Nang ,
Binh Duong , Long An, Dong Nai in recent years , especially in last year, Phu Quoc , Nha Trang
, Thanh Hoa, Quang Ninh , Hai Phong also emerged as "hot spots" in investing attraction.
Vingroup remains a corporation the most dynamic property investment activities. Taking a look
at portfolio of Vingroup, it is easy to find that apart from several big projects like Vinhomes
Central Park, Vinhomes Nguyễn Chí Thanh, Times City phase 2 in Ha Noi and HCM City, it
also the owner of many projects in other provinces.
The majority of Vingroup’s projects in provinces are resorts and commercial properties. Most
recently, Quang Ngai has been selected for 2 projects including a commercial complex on Le
Quy Don Street and a 2,000ha resort area on Binh Chau, Binh Son beach, Quang Ngai. Vingroup
also plans to start construction another resort with a total estimated investment of $ 1 billion on
an 872ha island in Hai Phong City ...

4. Besides Vingroup, another outstanding investor is Van Thinh Phat which is the owner of 16
property projects in Long An Province, with the total area of 1,500ha. Of which, most of its
investment are industrial zones and resettlement housing.
Recently, Thanh Hoa has proved to be a " hot spot " in investment attraction. 1 year ago, FLC
Group set its foot in Sam Son beach with a 5,500 billion VND project in building a complex of
resorts, 18 hole golf course, 600 room hotel and detached villas,… This project has been recently
inaugurated its conference center, golf club housing and Fusion villa area.
Additionally,Thanh Hoa is a destination of many investors. Vingroup also aggressively invests a
new administrative center of Thanh Hoa City with a 25-storey building commercial building and
a 3-storey commercial center on a 44,740m2 land area. Dong A Property Company has been
granted investment certificate for its 1000 billion VND tourism project in Sam Son, Thanh Hoa.
In Hai Phong, A subsidiary of BRG Group has also started construction of a 5-star Hilton hotel
project in Hong Bang District, worths 2.200 billion with 304 rooms and 250 apartments.
As for Vingroup, in 2015, this Group may launch over 830 villas along the coastline of Phu
Quoc, Nha Trang and Da Nang City on to the market.
According to Mr.Tran Ngoc Quang_General Secretary of Vietnam Real Estate Association , the
housing market has showed signals of recovery and moving up, yet this trend will not happen on
a large scale. It is obvious to see the warming in HCMC or Hanoi, but many difficulties still
remains in other provinces and projects. However, with the latest movement of “big names” in
estate market, it is expected to see several breakthroughs in the future, particularly in resort
sector.
News: STRIVE TO ACCOMPLISH PROJECT OF UPGRADING AND WIDENING
NATIONAL ROAD 1A BY THE END OF MAY - 2015
(Source: Cadn.com.vn) 7/5/2015
According to report of the management board of Danang – Quang Ngai Highway
project_belonging to Vietnam Expressway Corporation, so far, Quang Nam Province has handed
over 74,2/ 91,238km (equivalent to 81% of the total works).
To arrange new housing for 860 households, local authorities are expected to build 19
resettlement sites, including 3 zones available. Currently, the province has completed 11 living
areas for local residents. Among 17km has yet to handover, 253 households are in need of
resettlement land allocation, the remaining are household with agricultural and forestry land.

5. Danang – Quang Ngai Expressway
The highway project in Da Nang - Quang Ngai with the section passing through Quang Nam
province has a total of 91,238km long. Until now,Quang Nam province has deployed the site
clearance in 26 communes, belonging to 7 districts, however, 50 households in Thang Binh
District have not agreed to handover sites for the road construction.
In addition, the Ministry of Transportation required contractors to closely coordinate with Quang
Nam People's Committee and relevant sectors to definitively settle each distinct cases as well as
expite procedures for the local authorities to soon accomplish resettlement with the main goal of
the inauguration of both projects at the end of May this year.
News: DANANG CIRY: THE ABSORPTION OF VILLA SECTOR TO REMAIN LOW
(Source: dddn.com.vn) 07/05/2015
The latest report by Savills shows that in the first quarter / 2015, no villas or apartments to
be launched in Danang market. The villa supply remains stable with 927 villa units in 16
projects, unchanged from 2012.

6. The absorption of villa sector keeps at 4% due to the weak market’s confidence.
Compared with the second half of 2014, the primary market has 11 projects with 395 units, a
decrease of about 5 % and secondary market has 16 projects with 523 units, an increase of 4 %.
There are 14 projects offering approximately 3,100 units to the market. The primary market has
about 678 apartments in 12 projects, down 14 % compared with the second half year 2014 ,
secondary sources possesses 2431 apartments from 14 projects, an increase of 49 % compared
with the second half of 2014 .
Despite the good performance in several projects, the absorption rate in villa sector still remains
at low pace with 4% due to the weak market’s confidence. The villas’ average prices are from 25
million VND/m2, an increase of 11% over the second half of 2014.
The absorption rate of apartments reached 11 % in QI / 2015 due to the reasonable prizes of
projects in inner city that is usually below 20 million VND/m2. The average price in the whole
market rises by 17% over the second half of 2014. Prices for apartments in and near the city
center ranges from 13-51 million / m2, while the coastal area is 21-73 million / m2.
Savills expects, from 2015 onwards, 12 projects with 1,300 villa units and 15 condominium
projects with 16,870 apartments will be launched to Danang market. While Son Tra District
continues to have the highest villa supply, Hai Chau is recognized for its diverse apartment
sources in the future. Most of the villas and apartment project are still in plan without specific
construction time, so it is difficult to anticipate the official sales opening.