Notes

Development of seaside urban zones: a popular movement


“Waterfront city region” is a expression that is surfacing more often in the print and electronic media.

It began after the launch of a sequence of major shoreline developments in recent times and some indeed commenced marketing their real estate for sale.

Extended possession, a ready eco-system and appealing enterprise chances are driving demand from buyers.

Analysts state the idea of beachfront real estate has evolved and presently covers not only villas and condominium hotels but also many other categories of housing products like flats, villas and townhouses with long-term proprietorship just like in other places.

They are targeting the significantly increasing middle-income and wealthy and affluent groups.


Many households want to have second homes on the seashore to get away from the pollution in metropolises but also to invest or speculate.

Advantages

Scenic

The country is endowed with a 3,260-kilometre shoreline and over 3,000 islands. The S-shaped land has more than 125 seaside areas, a large number of which are very beautiful, including Da Nang City, that was named by Forbes magazine as one among the top beach destinations in the world.

Vietnam also has numerous untouched bays, stunning caves and lush tropical isles. Seven of Vietnam’s 13 globally recognized heritage sites are in coastal areas, as are a total of six of its total eight ecological reserves, and many of its national parks and nature conservation areas are clustered along the coast. It also houses a pair of the most stunning bays on the planet, Halong and Nha Trang region.

Human

Settlements are strongly established along the coast and have developed island and sea cultures that include folk festivals, culinary traditions and unique local characteristics, which can help develop the tourism industry, facilities and transit systems.

Government policies

The coastal economy is a vital sector for Vietnam with 28 seaside areas being a segment of it. These regions and cities make up over 47 percent of the country’s GDP, and this is projected to grow to 65 to 70 percent by 2030 as planned in a comprehensive plan presented by the Government in March 2024.

The scheme, for 2021 to 2025, is an element of the efforts to put into action Resolution 36-NQ/TW passed in the year 2018 by Vietnam’s Party Central Committee on the sustained growth of the coastal economy with the goal of making Vietnam into a nation with a robust maritime economy.

The plan proposes six principal solutions for ocean governance and coastline management like developing the oceanic and coastal economy; enhancing residents' living standards, and promoting coastal cultures, science, technological progress, and human capital.

Its top solution is to invest in tourism infrastructure in important coastal zones and islands, form large-scale tourism facilities and encourage eco-, exploration and local community tourism.

Analysts noted these policies have assisted in drawing a considerable investment in maritime property development.

Requirement requirement

Aquatic sightseeing makes up nearly seventy percent in tourism operations in Viet Nam's, and it's gradually drawing both of the overseas plus local visitors.

In accordance with the Vietnamese National Tourism Administration, the count of non-local tourists touring beaches has been increasing regularly in recent years, and they now account for 80% of the total amount of overseas tourists to the country. The rate is 50 per cent for regional sightseers.

Within Vietnam, wellness travel is growing at a fast pace.

Therapeutic tourism covers a broad spectrum of health-oriented tourism ranging from prophylactic and wellness-inducing treatment to restorative and therapeutic forms of travel. Health and wellness travel is a connected sector.

Coastal metropolitan areas are preferred by travelers seeking health-focused travel.

Pure nature, economical rates and quality infrastructure are part of the advantages of Viet Namese coastal real estate market.

These benefits have been appealing to capitalists for many years to the beachfront, and a string of urban areas and towns has grown strongly, making crucial advancements to the nation's socioeconomic progress, analysts said.

As a result, most seaside regions and municipalities already possess or are planning to have vast urban regions, even metropolises, with different types of property products and facilities on offer.

A ten years ago beach homes on coastlines were treated as a indulgence meant only for the affluent. But with salaries increasing substantially, a additional residence or vacation house now appeals to more and more individuals.

Challenges

Phan said developers of coastal urban projects must think of how to link their ventures with transport networks and tourist amenities to become truly enticing to backers and accessible for tourists.

Up-to-date shoreline towns must be developed together with facilities and services for shopping, recreation and leisure and health services.

Only major constructors with significant financial resources, patience and insight could do this.

However, many property companies appear to be prepared to play the long game.

What about with regard to the government's involvement?

The existing coastal metropolitan construction boom has had adverse effects on ecological systems and caused societal concerns because of a absence of clear growth strategies.

The rapid population growth is influencing coastal and marine eco-systems.

Professionals reported countries worldwide have their approaches to develop shoreline urban districts, and Vietnam also has devised its approach from the beginning.

However, the current unchecked growth of shoreline urban districts is causing a waste of environmental assets and affecting the environment.
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