After a gap of two years due to the COVID-19 pandemic, many hotel projects of international brands in Vietnam are expected to be put into operation this year.

VOV.VN - Ziva Asia, a consultancy firm which provides solutions for the hospitality industry at all stages ranging from pre-opening to daily operations, has become a strategic representative of Orsini SPI, the world’s procurement company, in the Vietnamese hospitality industry.

VOV.VN - Vietnam attracted approximately US$5 billion in foreign direct investment (FDI) during the opening two months of the year, equivalent to roughly 91.5% against the same period last year, according to statistics released by the Ministry of Planning and Investment.

VOV.VN - Knight Frank, the world's leading real estate consulting company, has officially established a joint venture company in Vietnam.

The increasing demand for services for the elderly has created investment and business opportunities for local and foreign investors.

The Ministry of Construction (MoC) has requested the People's Committees of provinces and centrally-run cities to strengthen the management of the domestic real estate market, controlling the risks of a property market bubble.

Ho Chi Minh City’s economy shrank by 6.78% in 2021, the sharpest yearly decline on record, according to the municipal Statistics Office, as stringent COVID-19 restrictions took their toll.

Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.

With an average gross domestic product (GDP) growth rate of 6-7%, Vietnam is being evaluated as an ideal destination for investment, compared to other countries in the region, particularly in the field of the real estate market.

Vietnam's cold storage real estate segment is developing and is expected to reach US$295 million in 2025 with a growth rate of 12% a year, according to real estate consultancy Savills Vietnam.