Vietnam reopened back in May 2022. You would think that people are flowing in and Vietnam tourism is getting better? Over a year and a half have past now, but shockingly, over half of Vietnam’s resorts stand almost empty, and they are still building new hotels and resorts! But why?

Today, we are going to explore the unexpected twists and turns that have rocked Vietnam tourism, real estate and tourism scene. From bustling cities to serene beaches we all know, something has changed, and not necessarily for the better. What’s behind this? Is it just a temporary blip or a sign of deeper challenges? It’s a fascinating story of billions, resorts, foreign policy and… a bit of drama. So, let’s get into it!

Vietnam Real Estate Overview

Real estate in Vietnam raked in an impressive 1.94 billion USD from foreign direct investments in just the first nine months of this year. That’s nearly 10% of the country’s total FDI. But, while the numbers sound big, not everything is as sunny as it seems.

Why Do Foreign Funds Still Invest in Vietnam?

Vietnam saw an uptick in FDI by 7.7% year-on-year, reaching a record of 20.21 billion USD. The big winners? Manufacturing and processing, taking the lion’s share. Real estate comes in second, even if it’s seen a 45% drop. But wait, there’s a twist in the tale: resorts aren’t seeing the revenue. So, what’s going on? Why are investors still pouring money into resorts despite the downhill trend?

Check out the latest video as Attorney Ken Duong dissect the situation of Vietnam Tourism and also Vietnam resort!