An international seminar on the real estate market will take place in Hanoi from November 26-28, an official from the Ministry of Construction said on Nov. 9 at a press conference.
Nguyen Tran Nam, deputy minister of construction, said the seminar would focus on issues affecting the real estate industry such as the world financial crisis, overseas development assistance and other sources of capital.
The seminar would also discuss urban projects, creation of a land fund, sustainable development in the property market and Government supervision of prices, Nam said.
"Vietnam's real estate market has developed markedly in recent years. It has a major influence on the economy," Nam said. "However, the market lacks stability."
"The market lacks transparency, while prices are too high because of overdemand", he added.
"State managers and enterprises need more experience in managing and operating the market, which they can learn from developed countries," he said.
The seminar expects to attract 500 real estate experts from 10 countries, including China, Malaysia, Singapore, Australia, the Republic of Korea, Japan and New Zealand.
Meanwhile, the International Real Estate Expo 2010 will be held in Vietnam.
The exhibition will have 100 pavilions displaying construction technologies and information on real estate firms from around the world.
