The Westin Hotels &
Resorts Worldwide on
Saturday reached a
brand franchise
agreement with
Vietnam’s Phat Dat
Real Estate
Development
Corporation to
develop a resort in
Cam Ranh Bay in
Khanh Hoa Province.
Leading asset
management group
VinaCapital
yesterday said it
will cash in on
investment
opportunities in a
depressed real
estate market,
especially in the
hospitality
industry.
The Saigon Real
Estate Corporation
(Resco) will buy
more shares to
maintain its stake
holding in the Binh
Chanh Real Estate
and Trade Company at
20% of charter
capital when the
latter issues more
shares following
permission of the
HCM City People’s
Committee.
Vietnam real estate market
Market trend
