Tourist property firms team up to boost business

A group of real estate companies founded the Vietnam Tourism Property Association (VnTPA) last week in Ho Chi Minh City to promote the country’s tourism property sector.

The association, VnTPA, gathers entrepreneurs operating in the tourism property sector to promote investment opportunities and help the government create a legal framework for the industry, according to tourism property developer Phuquocland, the founding event’s organizer.

Last April, Phuquocland organized a HCMC conference on tourism property opportunities in which foreign investors met with potential local partners, government agencies and tourism property experts. A similar event will be held in October, the developer said.

In order to become a global destination for tourism property investors “Vietnam will need to promptly tackle the typical shortcomings including land prices and administrative bureaucracy,” Than Thanh Vu, president of Phuquocland, told Thanh Nien Daily.

More than 200 Vietnamese and foreign tourism property investors and government officials attended VnTPA’s first congress Friday and Saturday.

Vinh Bao

thanhnien

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