Vietnamplus

The bustling game market in Vietnam is offering numerous opportunities for developers, according to experts.

Social housing projects that developers were hesitant to invest in due to capped profit suddenly gained traction as giant developers recently announced plans to step into the segment.

Minister of Natural Resources and Environment Tran Hong Ha on March 16 stressed that stringent sanctions are needed to prevent real estate developers from cancelling the purchase after winning the auction by offering record prices.

Vinhomes JSC was honoured as one of the top 10 property developers in Vietnam at the recent BCI Asia Awards ceremony for 2020 - 2021, the 7th straight time this company has secured the prize.

Awarded with the World’s and Asia’s Best Golf Destination, Vietnam has competitive edges to gain a stronger foothold in the golf tourism market post-COVID-19.

At least one homegrown COVID-19 vaccine will be licenced for use by the end of this year, Nguyen Ngo Quang, Deputy Director of the Department of Science, Technology and Training under the Ministry of Health (MoH).

The change in tourism trends caused by the COVID-19 pandemic has made coastal real estate near HCM City attractive to tourism property developers.

Industrial properties continue to be a “bright spot” in Vietnam’s real estate sector, with mounting rental enquiries and increased capital market activity.

The Government has issued a new decree aiming to promote the development of social housing.

Vietnam has witnessed an increase in the arrival of global high-tech brands like Pegatron, Universal Scientific Industrial, Foxconn.

European property developers are working with the Vietnamese Ministry of Construction to reduce greenhouse gas emissions in the residential property sector.

The Malaysian Real Estate and Housing Developers’ Association (Rehda) said it does not expect the ending of the six-month moratorium on loan repayments on September 30 to worsen the country’s residential property overhang.

There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi Minh City to other localities, experts have said.

Industrial park infrastructure development companies continue to do well amid the COVID-19 pandemic, and the industrial property sector is expected to thrive since Vietnam is considered among the most attractive investment destinations post-pandemic.

The Ho Chi Minh City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.

Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment, according to the HCM City Real Estate Association.

The HCM City real estate market provides more housing projects and subsidises rentals to boost the market amid the COVID-19 pandemic.

Instead of investing millions of dollars to build properties in HCM City’s inner districts, real estate developers are renting properties and furnishing apartments and putting them up as mid-priced serviced apartments for rent.

The Japan International Cooperation Agency (JICA) has advised real estate developers in Ho Chi Minh City to apply advanced technologies while constructing commercial buildings to reduce greenhouse gas (GHG) emissions.