Asia’s hottest emerging market is increasingly catching the eye of the savvy property investor.

Once a war torn country devastated by failed American foreign policy and subsequently held back for decades by an inwards looking communist regime, Vietnam is now rapidly emerging as a hot ticket leisure and investment destination. The country is throwing off its shabby socialist robes, albeit at a rather measured pace, and is now moving towards a more open market style economy. The World Travel and Tourism Council has forecast that within ten years Vietnam will enter the world’s top ten tourist destinations and will attract more than 6 million international visitors annually by 2010.

Risks still abound for the foreign investor. Non Vietnamese are still not allowed to buy land or freehold condominiums instead generally being offered only 50 year leases. However even though investors do not own title rights to their property they can instead buy shares in offshore firms who own the leasehold rights, somewhat akin to owning shares in a consolidated property rather than an individual apartment but in a recognised legally licensed way, which will offer protection under Vietnamese law in the case of dispute. But as tourism grows and grows developers expect there to be a gradual easing of restrictions that will allow the foreign investor easier access to the local property market. Indochina Capital established in 1999 have been at the forefront of investment in Vietnam’s rapidly changing market and quite fittingly are the developers behind the country’s hottest new luxury resort development.

Resting on a tranquil one-kilometre stretch of the pristine China Beach, near the ancient trading port of Hoi An is the luxury resort and residential enclave known as The Nam Hai. The resort is located a short 30 minutes by car from Danang International Airport and 15 minutes from the picturesque town of Hoi An and major carriers offer regular flight services into Danang International Airport .

The harmony established between architecture and nature is evident at The Nam Hai. Set amid lush landscaped gardens and with unobstructed ocean views, all accommodations feature large bedrooms and living spaces, en suite bathroom and walk-in closets which open out into private gardens. High ceilings, raised platforms and split-levels contribute to the overall sense of space. All rooms at The Nam Hai feature an array of modern and luxurious facilities including in-room bathtubs for personal spa treatments, rain showers, in-room Elsafe, cable/satellite television, flat screen LCD and plasma televisions, DVD/CD system and Wireless Internet access.

The Nam Hai features 60 beautiful hotel room villas and 40 grand pool villas, 29 of which have already been sold, each occupying its own section of landscaped gardens, and boasting views of the South China Sea and Cham Islands. Spaciousness is of the essence at Nam Hai with the understated charm of Vietnamese architecture discernibly defined by split-levels and wooden platforms, adding a distinctive touch to the overall ambience of the setting.

Each of the 60 well-appointed hotel room villas showcases the luxurious indoor and outdoor sitting areas. A raised platform set in the middle of the room is enclosed under a canopy of cosy mosquito netting and is also stylishly bordered by generous passageways and ample lounge areas. This section serves as a room within a room and features a king-sized bed, writing desk, divan and bath. The lavish bathroom opens out onto a private garden.

Each of the one, two and three bedroom villas comprise a courtyard entrance that leads into a living and dining area, a kitchen and a private swimming pool. Maid’s rooms are also present. The same stylish concept of the guesthouses is mirrored in the master and additional bedrooms. Varied levels connected by graceful staircases enhance the villas’ spacious, yet cosy setting.

Presenting the finest international & Pacific Rim cuisine, the mezzanine-styled The Restaurant offers pleasant indoor and outdoor seating areas overlooking water-gardens and the ocean. The Beach Restaurant offers diners the choicest seafood, grills and local fare, all served at a wonderful setting by the sea. Centrally located in the heart of The Nam Hai is The Bar, which offers a delightful menu of cocktails, snacks and refreshments throughout the day.?

Resort amenities include gourmet restaurants, a clubhouse and a tropical spa and extensive recreational facilities offering guests a haven of tranquillity catering for every holiday whim. Additional facilities include an espresso machine and tea-making facilities, in-room bar, laundry valet service, 24-hour in-room dining, personalized housekeeping service, 24-hour concierge and private transportation upon request.

The Nam Hai also offers guests a range of recreational facilities which include a Spa Centre, two beachfront swimming pools, Club House, Tennis Courts and an 18-hole golf course. The golf course is conveniently located within close proximity to The Nam Hai. Specially designed for lovers of the game, this facility promises to be one of the region’s finest. Extensive aquatic recreational facilities are also available.

Centrally located, The Nam Hai complements resort living with cultural attractions that reflect the true spirit of Indochina. Vietnam’s coastline stretches from the Gulf of Thailand, along the Gulf of Tonkin and South China Sea and borders China, Laos and Cambodia. Comprising 59 provinces and 5 municipalities, Vietnam is a country of sublime beauty, surrounded by unspoiled beaches, misty mountains and brilliant green rice paddies, and is populated by a unique people who have successfully preserved their rich heritage and intricate society.

Vietnam is also a country full of surprises which beckons visitors from near and far to discover its unexpected splendour, ancient culture and it famed warm, friendly hospitality. The municipality of Danang is the halfway point between the capital, Hanoi, and the largest most thriving city in Vietnam, Ho Chi Minh (Saigon). One of the busiest centres in the country, Danang is centrally located within close proximity to many fascinating sites like China Beach, the Marble Mountains, My Son and Hoi An, plus an international airport.

Hoi An itself is a river port located about 30 kilometres south of Danang and is famous for its unique character that seemingly transcends time. Exceptionally well-preserved architectural gems and street life reflect the country’s native and past foreign influences are commonplace and have earned the town the status as a United Nations Educational, Scientific and Cultural Organization (UNESCO) heritage site.