Speaking at a government conference on business contributions to double-digit economic growth on Friday, Truong stated that geopolitical instability, particularly in the Middle East, is prompting global capital, especially in real estate, to seek safer destinations.

Southeast Asia is emerging as a key beneficiary, with Vietnam standing out thanks to its strategic location and relatively stable socio-economic environment, he added.

Sun Group chairman Dang Minh Truong speaks at a government conference on March 27, 2026. Photo courtesy of the government's news portal.

Drawing on Sun Group’s experience in developing large-scale tourism and urban projects, Truong urged policymakers to introduce “breakthrough” mechanisms for high-potential zones and new economic models such as Van Don, Van Phong, and Phu Quoc.

He proposed allowing the designation of strategic investors for major projects under special frameworks, aiming to ensure synchronized and faster project execution.

Such mechanisms, he said, would help Vietnam compete more effectively with regional investment hubs that already offer flexible regulatory regimes and investor-friendly policies.

Among the key proposals, the Sun Group leader called for expanded policies allowing foreign investors to own residential and commercial properties for periods of 50-70 years in designated zones. The measure is intended to attract long-term capital while supporting the development of high-end tourism, real estate, and service sectors.

The businessman also recommended introducing long-term visas of 10 to 20 years for foreign investors and professionals, alongside broader visa exemptions for key markets including South Korea, Taiwan, Hong Kong, Russia, Australia, and India.

Such policies, Truong said, would enhance Vietnam’s attractiveness as both an investment destination and a global tourism hub.