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Steep Drop In Launches As Regulatory Uncertainty Persists
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Vietnam GDP
H1 2019
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6.76% y-o-y |
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Da Nang GRDP
H1 2019
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6.21% y-o-y |
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Tourist Arrivals
H1 2019
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15.1% y-o-y |
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New Flights
H1 2019
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7 new flights |
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*Arrows indicate change from the same period of the previous year.
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In H1 2019, Da Nang’s GRDP growth was recorded at 6.21% y-o-y, lower than expected. However, registered FDI increased by more than 10 times y-o-y.
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Regulatory uncertainty persists, which resulted in inactivity across all sectors, with the exception of hotel sector. There were 5 new four-star hotels that came into operation in H1 2019, while pipeline also looks strong. |
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Most notable launch of vacation property in H1 2019 was from Fusion Residences Da Nang, which garnered significant attention from the market.
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On the bright side, some long pending projects were reactivated, such as Central Coast or Blooming Tower. After this slowdown period, the market is expected to make a comeback with more vitality and will develop more sustainably in the long term.
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Để xem email này bằng tiếng Việt, vui lòng nhấp vào link này.
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Dung Duong MRICS |
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Senior Director
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+84 8 6284 7668
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An Nguyen MRICS |
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Director
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+84 4 2220 0220
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Thanh Pham |
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Senior Manager
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+84 8 6284 7668
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Thuc Nguyen |
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Senior Manager
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+84 8 6284 7668
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