Ocean City has emerged as more than just a residential haven; it's rapidly becoming a lucrative business hotspot, particularly for small entrepreneurs and established brands alike. With its strategic location, advanced transportation infrastructure, and growing community, this urban area offers immense opportunities for businesses of all shapes and sizes.
Nguyen Thi Hai, the owner of a spa at Vinhomes Ocean Park 2, has personally experienced the advantages of relocating to Ocean City. "Since moving here, our family's quality of life has improved with the spacious living environment and various amenities. My spa business has been thriving here," she remarked. Her sentiments resonate with many other local business owners who recognize the promising growth potential surrounding the Ocean City area.
The business ecosystem within Ocean City is flourishing. It is no longer just about the residential options; the urban area is now home to numerous coffee shops, restaurants, fashion boutiques, wellness spas, and homestays. This wide variety of businesses caters to the ever-increasing demand from visitors, especially young families and foreign professionals seeking comfort and privacy, as noted by Nguyen Dinh Hieu, who runs the MOI Relax House homestay.
"I see the influx of tourists here every day, particularly young families and foreign experts who prefer private accommodations over traditional hotels. This is truly fertile ground for my business," Hieu explained. The MOI Relax House, located within the Pho Bien district of Vinhomes Ocean Park 3, has consistently benefited from this growing trend, secured by stable bookings related to the increasing tourist traffic.
The trend is echoed by StaynFun, the first homestay brand managed by Vinpearl, which has reported impressive occupancy rates. "During peak tourist seasons and around major events like the concert 'Anh Trai Vuot Ngan Chong Gai' last December 2024, nearly all our rooms were filled," the brand representatives disclosed. They offer various designs from single to three-bedroom apartments, meeting diverse guest needs.
Over 80,000 people have made Ocean City their home, attracting considerable investor interest. The community is characterized by well-off residents who are willing to spend, creating rich markets for new businesses. Ocean City attracts tens of millions of visitors annually, bolstered by the unique attractions available, including the Grand World entertainment complex which regularly hosts cultural events, art festivals, and vibrant fireworks displays.
According to Vinhomes representatives, Ocean City welcomed approximately 12 million domestic and international tourists just last year, with the numbers anticipated to rise even higher. This influx presents extraordinary opportunities for entrepreneurs and established businesses alike.
With low-rise properties available for less than 15 billion VND, Ocean City presents comparatively affordable options for investors, especially considering its organized planning and modern infrastructure. Vinhomes also provides potent incentives for buyers, such as bank loans of up to 70% of the property value at 0% interest for 30 months, which alleviates financial pressures for novice investors.
Investors who utilize their own funds and make early payments can enjoy discounts of up to 14.5%. Additional perks include gift packages for new homeowners and membership discounts with VinClub ranging from 1% to 1.7%. So, for as little as 4 to 5 billion VND as initial capital, investors can acquire luxurious villas ready for business operations.
The prospects for those venturing to start businesses here are considerable, even allowing newer enterprises to confidently enter the market. Ocean City’s appealing attributes and proactive support make it the perfect place for budding entrepreneurs seeking wealth and success.
Overall, the combination of quality living conditions, accessible business models, and substantial tourist interest positions Ocean City not just as another destination but as the go-to place for investment and business ventures. With its promising growth and community-driven initiatives, the future looks bright for Ocean City’s economic development, making it one of the most attractive locations for business opportunities.
Investors are quickly catching on to this vibrant market, realizing the vast potential for return on investment. Whether one is opening up the next popular café or launching the region's most sought-after wellness retreat, Ocean City offers the canvas for entrepreneurial dreams to flourish.