COVID-19: many real estate trading floors close Business

COVID-19: many real estate trading floors close

The transaction volume on the domestic real estate market dropped to a four-year low for Q1 due to the impacts of the COVID-19 pandemic, and many real estate trading floors have temporarily closed, according to the Vietnam National Real Estate Association (VNREA).
Property companies look beyond banks for funds Business

Property companies look beyond banks for funds

Amid widespread expectations that the central bank will continue to pursue its tight credit policy, especially to risky areas like real estate, in 2019 property developers are looking at other sources for funds.
Strong M&As spur infrastructure development Business

Strong M&As spur infrastructure development

Increased merger and acquisition (M&A) activities can spur infrastructure development in Vietnam, a current growth imperative, Planning and Investment Minister Nguyen Chi Dung said on August 10.
Vietnam needs more cheap housing: VNREA Business

Vietnam needs more cheap housing: VNREA

The local real estate market has recovered but the State should provide policies to develop small and cheap apartments due to increasing demand, according to the Vietnam Real Estate Association.
Transparency essential to real estate growth Business

Transparency essential to real estate growth

It is necessary for housing developers, contractors, banks and State agencies to cooperate in disclosing information about real estate projects to avoid panicking buyers, experts have said.
Business

Banks need to relax mortgage requirements

Since the 30-trillion-VND (1.41 billion USD) loan package for home-buyers and property developers was announced nine months ago, only 4.5% has been disbursed. Although the disbursement rate has picked up in recent months, it is still below expectations, said the Nhan Dan (People) online newspaper.