Hanoi to hold property seminar
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.