In H1 2019, Da Nang’s GRDP growth was recorded at 6.21% y-o-y, lower than expected. However, registered FDI increased by more than 10 times y-o-y.
Regulatory uncertainty persists, which resulted in inactivity across all sectors, with the exception of hotel sector. There were 5 new four-star hotels that came into operation in H1 2019, while pipeline also looks strong.
Most notable launch of vacation property in H1 2019 was from Fusion Residences Da Nang, which garnered significant attention from the market.
On the bright side, some long pending projects were reactivated, such as Central Coast or Blooming Tower.
After this slowdown period, the market is expected to make a comeback with more vitality and will develop more sustainably in the long term.