The Vietnam Association of Real Estate Brokers (VAREB), a member of the Vietnam Real Estate Association (VREA), made its debut in Hanoi on May 27.

Nguyen Manh Ha, Head of the Housing Management and Real Estate Market Department and Chairman of the VREA, said brokers’ role has been growing in recent years.

Brokers not only are catalysts for the success of real estate transactions but also drive the development of the market, Ha added.

Ha said that the VAREB will strengthen cooperation in the sector, improve professionalism, build common profession standards and eventually contribute to the healthy, transparent and sustainable development of the real estate market in Vietnam.

According to Vu Van Phan, Deputy Head of the Housing Management and Real Estate Market under the Ministry of Construction, Vietnam now have roughly 26,000 real estate certificates granted.-VNA