Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts.
Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts.
The number of newly-established real estate companies surged 47.2 percent in the first quarter of 2022 on the back of the reviving property market after COVID-19 outbreaks, according to the Ministry of Planning and Investment.
The value of corporate bonds issued in October was 9.5 trillion VND (409 million USD), down 12.8 percent from September, according to the Hanoi Stock Exchange (HNX).
Property firms are gearing up to tap opportunities from the post-pandemic recovery of the real estate market, which was predicted to soon get back on its feet.
The Ho Chi Minh City Real Estate Association (HoREA) has urged the Government to add the property industry to the list of those affected by the COVID-19 outbreak and are eligible for a five-month postponement of value-added tax and land-use fee payments.
The State Bank of Vietnam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.
Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue shares to fund their business.
The HCM Real Estate Association (HoREA) has suggested the State Bank of Vietnam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lac Hong, Thuong Tin and Eurowindow Nha Trang.
Prime Minister Nguyen Xuan Phuc had meetings with representatives from leading infrastructure and financial enterprises of Japan on October 9 as part of his activities on the sidelines of the 10th Mekong-Japan Summit in Tokyo.
Ho Chi Minh City authorities have pledged to continue providing assistance and creating favourable conditions for real estate companies at a dialogue between the city government and businesses.
The HCM City Real Estate Association has recommended real estate companies transform themselves into publicly listed joint-stock businesses so they are able to seek greater funding to improve business performances in 2018.
With great strengths in many fields, the northern coastal province of Quang Ninh has become an attractive investment desitnation for domestic and international real estate firms.
The Vietnam International Real Estate Exhibition, VNREA EXPO 2016, kicked off in Hanoi on July 20, featuring nearly 100 booths from nearly 360 domestic and foreign businesses.
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