SAN JOSE, Calif., April 12, 2017 /PRNewswire/ -- 33 local delegates spent two weeks traveling through Vietnam on an investment and real estate trade mission in early March. The group included Ron Gonzales, former Mayor of San Jose, and members from the Santa Clara County Association of REALTORS® (SCCAOR) and the Vietnamese National Association of Real Estate Professionals (VNARP). They met with Vietnamese government officials, local real estate developers, and investors with the goal of creating bilateral investment opportunities to strengthen the development of foreign real estate investors in Vietnam and the United States.
Evan Huynh, 2017 VNARP President, said that the meetings with Vietnamese government officials provided vast knowledge on Vietnam's rapid growing infrastructures and its emerging markets. "We also had the opportunity to share our best practices from the United States to create a bridge and exist as a gateway for real estate investments in both countries," he said.
The Trade Mission Delegation hosted conferences in Ho Chi Minh City, Hanoi and Danang. The Danang conference was hosted by the Vice-Chairman of the Da Nang People's Committee, The Honorable Tran Van Mien. Presentations were made by real estate professionals and government officials from both countries. The Hanoi conference was attended by The Honorable Ted Osius, the United States Ambassador to Vietnam. Leadership from the Vietnam National Real Estate Association (VNREA), the country's largest real estate trade association, collaborated in all three conferences. (Watch the VNREA video at: https://youtu.be/DlX_O1SfiIc)
This was the first year that such a trip took place. As a result of its success, SCCAOR and VNARP plan to make it an annual event. "Our first trade mission connected us with VNREA and some of the leading developers in Vietnam, including VinGroup, CEO Group and FLC Group," said Huynh.
Vietnam has seen a boom in recent real estate development so far this decade. Bolstered by a thriving economy and the passing of recent laws that make it easier for foreigners and overseas Vietnamese to legally own, sell and transfer real properties, Vietnam is quickly becoming a hotspot for all types for real estate development.
SCCAOR and VNARP were also joined on the trip by members of the Asian Real Estate Association of America (AREAA), a trade organization that aims to promote sustainable homeownership opportunities in Asian American communities. AREAA's President Elect for 2019, Tom Truong, said that the Vietnamese people went out of their way to welcome their delegation. "They were gracious and open with sharing their current and future real estate and economic goals," said Truong. "This positive attitude combined with the tremendous talent from our delegation will lead to the success of building many bridges between Vietnam and the United States for future real estate growth and investments."
On April 5th, in a follow up action to the trade mission, members from SCCAOR, VNARP, and AREAA welcomed the Ministry of Foreign Affairs of Vietnam, His Excellency Ambassador Ho Xuan Son (Consulate General of Vietnam in San Francisco) to the SCCAOR Office in San Jose. The meeting highlighted some of accomplishments of the recent Vietnam Trade Mission, and explored opportunities for future collaboration with the Consul General.
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SOURCE Santa Clara County Association of REALTORS