Business

Conference discusses Vietnam real estate market trend

Economic experts and representatives from a range of firms gathered together at a teleconference on investment trends and opportunities in Vietnam’s real estate market, held in Hanoi on December 11.
Conference discusses Vietnam real estate market trend ảnh 1The Vietnamese real estate market continues to be stable with supply on the rise compared to 2017 (Photo: VNA)

Hanoi (VNA) – Economic experts andrepresentatives from a range of firms gathered together at a teleconference on investment trends and opportunities inVietnam’s real estate market, held in Hanoi on December 11.

Participants focused on analysing, predicting, and coming up with solutions tohelp develop the real estate market in a balanced, stable, and sustainablemanner; as well as help investors and the public better understand the upcomingmarket trends of 2019.

Nguyen Manh Ha – Vice Chairman of the Vietnam RealEstate Association (VNREA), the event’s organiser – said that statistics fromthe association shows that the Vietnamese real estate market continues to be stablewith supply on the rise compared to 2017.

Beside Hanoi and Ho Chi Minh City, other localities such as Dong Nai, BinhDuong, Bac Ninh, Bac Giang, and Phu Tho have also recorded positive signals intheir property markets.

Ha said large projects like miniature cities with full services and synchronousinfrastructure, such as those invested by Vingroup, are a prominent trend inthe market, which is said to contribute to orienting the future of the sector.

Due to the abundant supply, sudden rises in real estate price are not likely in2019, Ha stressed, adding that the market will continue to maintain stability throughoutthe year.

Sharing Ha’s opinion, Dang Hung Vo, former Deputy Minister of Natural Resourcesand Environment, said that projects invested in by Vingroup are good options inthe lower-end housing segment.

Currently, the price of Vingroup’s housingproducts is not low, but buyers are offered options to pay over a longerduration, Vo said.

A brighter point in the real estatemarket is the industrial real estate segment, which is considered a new wave inVietnam.

There is huge potential to development the segment as Vietnam becomes an attractivedestination to foreign investors, especially those operating in industrial production.

The development of industrial zones must be synchronised to attract foreigners,participants said.

Regarding capital sources for the real estate market, Can Van Luc from the Bankfor Investment and Development of Vietnam (BIDV) said that some companies have takeninitiative in issuing bonds so they do not depend on the banking system, addingthat this is a positive signal. –VNA 
VNA
#Vietnam’s real estate market #Vietnam Real Estate Association #Vietnam's property market #Vingroup’s housing products #miniature cities #invest in Vietnamese real estate #updated Vietnam news #Vietnamplus #Vietnam News Agency
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