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Vietnam’s Building a Luxury Yacht Marina for Its Super-Rich

Few things are more anathema to communism than a superyacht, except perhaps taking a ride to the marina in a Bentley.

In Nha Trang on Vietnam’s east coast, motorbikes still outnumber luxury cars but there are signs of flourishing wealth everywhere.

The half-hour drive along the road to the country’s first deep water marina is filled with glimpses of plush resorts, some complete and others in various stages of development. There’s a palpable sense of the money and ambition being poured into this once sleepy fishing village, just a short flight from Ho Chi Minh City. That’s reinforced when Ana Marina, which can accommodate up to 220 yachts, comes into view.

GYG plc (LON:GYG) was formed from the joint venture of two global superyacht painting, service and supply companies, Pinmar and Rolling Stock. GYG operates six market leading brands; Pinmar, Pinmar USA, Pinmar Supply, Rolling Stock, ACA Marine and Techno Craft.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.