Interest rates for home loans are expected to be kept at a low level next year to stimulate demand for real estate, which coupled with macro-economic recovery and an increase in supply is hoped to promote the housing market's development, according to a report from the securities company VNDirect.
Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.
Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.
The occupancy rate at operational industrial parks in the major industrial localities in the south averaged 84.5 percent during January-September, according to a report from CBRE Vietnam.
A Vietnamese delegation led by Ambassador Le Thi Tuyet Mai attended the 61st series of meetings of the Assemblies of the Member States of the World Intellectual Property Organisation (WIPO) that kicked off in Geneva, Switzerland, on September 21.
While the real estate market was gradually recovering with positive signals from supply and successful transactions, the COVID-19 dealt a second blow, making it hard to forecast the market.
Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.
Vietnam needs to focus on developing the infrastructure system of industrial zones (IZs) to draw clean and quality foreign direct investment (FDI) in the context of the global production shift, heard a conference on June 19 in Hanoi.
There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Vietnam.
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.
Foreign investors are planning to expand their operations in Vietnam this year, creating an opportunity for industrial property development despite the COVID-19 pandemic, according to experts.
Experts are optimistic about industrial property development prospects in Vietnam, given the country’s rapid integration and improving investment climate.
The Vietnam Real Estate Association has proposed the Government develop measures with a focus on credit and tax support, together with improving the legal framework for new property products so as to aid the property market to overcome this difficult period.
The northern province of Bac Giang province has chosen three local products to develop into five-star products this year as part of the One Commune-One Product (OCOP) programme.
Vietnam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.
A workshop to seek measures to boost the production and export of the Yen The hill chicken products, and orientations for enhancing production of farm products and tourism development, has been organised by the Yen The district People’s Committee, northern Bac Giang province.
Business
