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How Vietnam Turned Its Biggest Island Into a Faux-Euro Destination and Lost Its Last Paradise

Travelers who arrive on the Southeast Asian island may be forgiven for thinking they are in Venice, the Amalfi Coast, or Paris anywhere but Vietnam.

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Vietnam's biggest island long held onto a seductive image as the country's 'last paradise.' Then came the clubs, a casino, and a safari.

Vietnam's biggest island long held onto a seductive image as the country's 'last paradise.' Then came the clubs, a casino, and a safari.
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THE DREAM OF THE PERFECT ESCAPE - Brand-info - Vietnam News | Politics, Business, Economy, Society, Life, Sports

A natural wonderland in Binh Thuan Province right by the ocean, an increasingly prosperous people focused on leisure and looking to invest in a second home, a developer’s innovative vision of a luxury experience based on sustainability - Thanh Long Bay is all of these things and much more. The fastest growth of wealth in the world That perfect escape from the pressures of city life, a place to step out of regular routine and recharge the spirit is the dream of many Vietnamese. Viet Nam’s explosive growth in wealth has turned that dream into a reality for many. From 2007 and 2017, according to market research company New World Wealth, Viet Nam’s wealth grew 210 per cent and will continue growing another 200 per cent in the next 10 years. This kind of explosive growth in wealth can be seen in the rise of leisure spending as reflected by internal tourism numbers, and in real estate prices. Real estate in HCM City and surrounding regions have appreciated immensely. Major vacatio

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Thanh Long Bay: The perfect escape

Thanh Long Bay: The perfect escape 08:00 | 25/05/2021 A natural wonderland in Binh Thuan province right by the ocean, an increasingly prosperous people focused on leisure and looking to invest in a second home, a developer’s innovative vision of a luxury experience based on sustainability – Thanh Long Bay is all of these things and much more.     A perfect escape from the pressures of city life, a place to step out of regular routine and recharge the spirit is the dream of many Vietnamese. Vietnam’s explosive growth in wealth has turned that dream into a reality for many. Between 2007 and 2017, according to market research company New World Wealth, Vietnam’s wealth grew 210 per cent and will continue growing another 200 per cent in the next decade.

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Further scrutiny required before introducing property tax overhaul

To curb land speculation, some proposals regarding land-value taxation and progressive taxes based on the number of owned properties have been suggested, which experts believe could make it more costly for speculators to hold onto vacant sites in Vietnam. 

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