The Vietnam National Administration of Tourism (VNAT) has recognized the Intercontinental Danang Sun Peninsula as a five-star resort. The Intercontinental Danang Sun Peninsula nestled in the hills of Danang’s Son Tra Peninsula was put into operation last June. The resort is attractive to those who want to seek new experiences and relax in luxurious rooms overlooking the sea. Invested by Sun Group,... 

Investors wanting to develop five-star hotels in Kien Giang Province must have a minimum investment of VND1.1 billion for each bed. According to new regulations of the province in a recent decision which aims to ensure the implementation of projects, if wanting to develop an ecological resort, enterprises have to spend at least VND10 billion on a hectare of land and water surface. Regarding hotel... 

The current number of tourist accommodation facilities nationwide is only enough to serve 42.2 million local and foreign tourists this year, but Vietnam is still in need of more three- to five-star hotels to cater to the growing number of visitors, a tourism official said. Vietnam currently has 13,500 tourist accommodation facilities with some 285,000 rooms, said Nguyen Van Tuan, head of the Vietnam... 

Spas and resorts are banking on easy credit to boost their sales. “Investors’ efforts coupled with more capital from commercial banks are fundamentals for the real estate market to win back customers’ trust in the latter half of 2012,” said chairman Luu Duc Hai at INT Group, a leading developer of green properties. He said to attract customers to its projects the group, which has a series... 

Despite local condo projects struggling with slowing demand from buyers, many developers of resort villas have still released a series of new products onto the market. Cen Group has just introduced to investors in HCMC the Venesia Onsen Villas project belonging to the Venesia Nha Trang urban area scheme. Invested by Ha Quang Land, the 150-hectare project is only one kilometer from the center of the... 

The investors, who believed that resort real estate, unlike other property market segments, would never fall into decay, have changed their thoughts and tried to run away from the market. By the end of December 2011, the Binh Thuan provincial authorities had revoked the licenses of 165 real estate projects due to the investors’ delay in implementing the projects, including some huge ones. Truong... 

Mövenpick Hotels & Resorts, an international hotel company of Swiss heritage,has inked a management agreement to become the official operator of Mövenpick Resort & Spa Quy Nhon in Quy Nhon province with Dviews Investment JSC. Mövenpick Hotels & Resorts, Asia-Pacific vice president of Development Jens O. Reichert said his company was pleased its brand had been selected by the developer... 

Indochina Land, a real estate division of Indochina Capital, announced on Sunday to have won five international awards for its outstanding design and development of several property projects in Vietnam. The Asia Pacific Property and Hotel Awards 2012 in association with HSBC Bank Malaysia Berhad recognized the company with five awards in a range of categories, in which Indochina Plaza Hanoi... 

Golden Beach Co., Ltd on Wednesday held a groundbreaking ceremony for Manna Luxury Holidays Resort in Cam Ranh Peninsula in the central province of Khanh Hoa’s Cam Lam District. The 12-hectare resort, which is invested by Golden Beach Co., Ltd. and the Rafaeli Group (Israel), includes bungalows and adjoining holiday cottages restaurants, high-rise hotels, services and central administrative area,... 

Minister Vu Duc Dam, chief of the Government Office, has confirmed that the Government was considering licensing a huge resort complex including a casino in northern coastal Quang Ninh Province’s Van Don District. “The Ministry of Planning and Investment was ordered to consider (and assess the feasibility of) the project,” he told a press conference on March 6. Located on 1,800 ha...