HCM CITY (VNS)— Tourism investors are hoping the central coast will become a new Phuket or Bali, and have continued to build resorts and other tourism destinations in the region despite the recession and property-market slump.
The Liberated Saigon quoted an investor as saying it is difficult to find beaches as beautiful as the ones between Da Nang and Quang Nam.
Many investors with deep pockets have continued to build resorts unlike in the large cities where the real-estate market has been down for long.
Da Nang has recently seen the opening of hotels like InterContinental, Crowne Plaza, Mercure, Fusion Maia, Hyatt Regency, and Novotel Han Premier with more than 2,000 rooms.
More are set to open soon.
Nguyen Duc Quynh, deputy director of Furama Resort, told the newspaper that besides the high-quality resorts, three golf courses increase the competitiveness of the central region.
Nguyen Thi Kim Nu, general director of the Thien Kim property trading floor, said there is a scarcity of beachfront land, with most of the land from Lang Co to Hoi An already being taken.
Besides, the province's policy of revoking the licence if an investor delayed a project also kept the market on its toes, she added.
Authorities in the central region have given a boost to tourism