Visitors are looking at a real estate project at VietHome Expo 2016. (Source: VNA)

HCM City (VNA) – More than 70 companies are attending the Vietnam real estate and building material fair 2016 – VietHome Expo 2016, which kicked off in Ho Chi Minh City on July 8.

They showcase their products in the fields of housing, construction, decoration, finance and banking at 200 booths.

Speaking at the event, Deputy Minister of Construction Do Duc Duy said after being frozen for a long time, Vietnam’s real estate market began recovering from the end of 2013, with the number of successful transactions in 2015 doubling in Hanoi and 1.8-fold higher in HCM City as compared to the previous year.

According to Duy, the 2016 market will see diverse products that are suitable to customers’ demand and payment capability.

During the fair, conferences and meetings will be organised to introduce new policies on housing and the real estate market in Vietnam.

The five-day event, with the theme of “Real Product, Real Value”, is co-held by the Vietnam Association of Realtors (VARs) and the Ho Chi Minh City Union of Business Association’s Trade Promotion and Services Corp (TPS).-VNA