Notes

Expansion of seaside city regions: a popular movement


“Coastal municipal area” is a expression that is emerging more often in the printed and digital press.

It started after the launch of a number of major seaside expansions in recent years and some also started marketing their products for sale.

Long-term proprietorship, a existing eco-system and appealing business prospects are boosting interest from buyers.

Specialists say the notion of beachfront land has transformed and now includes not only estates and condotels but also numerous other types of real estate products like condominiums, estates and townhouses with enduring ownership just like in other areas.

They are designed for the dramatically growing middle class and high-income and affluent groups.


Numerous households wish to have second homes on the beach to avoid the contamination in urban areas but also to put money into or gamble.

Pros

Natural Beauty

This nation is gifted with a 3,260-kilometer seacoast and in excess of 3,000 isles. The S-shaped country has more than 125 shores, the majority of which are highly attractive, including Da Nang, that was selected by Forbes magazine as one among the most attractive beaches on the planet.

This nation also has a plethora of untouched bays, gorgeous caves and verdant tropical isles. A total of seven of the country's 13 world heritage sites are situated in coastal regions, as and so are a total of six of its total eight biosphere reserves, and many of its national reserves and nature conservation areas are located in seaside regions. It also includes two among the most beautiful bays on the planet, Ha Long Bay and Nha Trang region.

Cultural

Communities are firmly rooted in seaside regions and have developed maritime and insular cultures that include traditional festivals, cuisine and unique local characteristics, which can be used to develop travel opportunities, public works and transportation.

Government strategies

The sea-based economy is a crucial sector for Vietnam with 28 coastal regions being a part of it. These regions and cities represent more than 47 per cent of the gross domestic product, and this is foreseen to expand to 65-70 per cent by 2030 as planned in a comprehensive plan presented by the Government in March of 2024.

The plan, for the period 2021-2025, is part of the efforts to carry out Resolution 36-NQ/TW ratified in the year of 2018 by Vietnam’s Party Central Committee on the sustainable development of the sea-based economy with the aim of making Vietnam into a nation with a robust maritime economy.

The plan provides six primary solutions for ocean governance and shoreline management like developing the oceanic and coastal economy; raising residents' living standards, and developing coastline cultures, scientific research, technology, and human resources.

Its primary solution is to invest in tourism infrastructure in critical coastal regions and islands, form large-scale tourism facilities and promote environmentally friendly, exploration and community-centric tourism.

Experts said these strategies have assisted in drawing a substantial investment in coastal property development.

Market demand

Oceanic vacationing accounts for nearly 70% of sightseeing endeavors within Vietnam, and it is more and more appealing to both of the overseas as well as regional travelers.

Based on the VNAT, the quantity of non-local sightseers touring coastal areas has been rising regularly in recent times, and they presently constitute eighty percent of all amount of foreign visitors to the region. The figure is fifty percent for local travelers.

Throughout Vietnam, therapeutic tourism is rising quickly.

Therapeutic tourism involves a variety of health-focused tourism ranging from preventive and health-enhancing treatment to rehabilitational and therapeutic forms of travel. Health and wellness travel is a connected area.

Seaside towns are chosen by individuals looking for wellness tourism.

Unspoiled landscapes, economical expenses and good amenities are part of the benefits of Vietnamese coastal property market.

These benefits have been luring investors and developers for many years to the coast, and a network of urban areas and communities has flourished substantially, contributing significant contributions to the nation's socio-economic development, experts reported.

As a result, most seaside areas and cities already possess or are going to have large urban areas, even megacities, with different types of property products and facilities on offer.

A ten years ago vacation houses on shorelines were considered as a luxury meant only for the affluent. But with salaries increasing substantially, a second home or holiday home now appeals to more and more buyers.

Challenges

Phan said builders of seaside urban developments must contemplate how to integrate their projects with transportation systems and tourism service facilities to become highly appealing to backers and convenient for travelers.

Up-to-date shoreline towns must be designed together with conveniences and services for retail, recreation and leisure and medical services.

Only major constructors with substantial funds, endurance and foresight could do this.

However, many property companies appear to be prepared to invest for the future.

What is with regard to the Government’s responsibility?

The current coastal urban expansion surge has had detrimental impacts on the natural world and led to societal concerns as a result of a deficiency in concrete growth strategies.

The rapid rise in population is having an impact on coastal and oceanic ecosystems.

Experts said nations around the globe have their methods to develop coastal urban areas, and Vietnam also has created its own plan at an early stage.

Nonetheless, the existing unsupervised development of coastal metropolitan regions is leading to a wastage of natural resources and harming the ecosystem.
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