Vietnamplus

Vietnam will see more realty projects invested by businesses from the Republic of Korea (RoK) in the coming time as they are seeking opportunities to enter and expand operations in the country, according to Andrew Lee, Korean Desk Manager at real estate consultancy Savills Vietnam.

Vietnam’s industrial real estate market is becoming hotter, driven by an increase in foreign direct investment (FDI) flows.

The Vietnam Report JSC has announced the top 10 prestigious real estate companies this year.

Favourable factors, including the Government’s support packages and the reopening of tourism, have given a fresh impetus to the real estate market.

The industrial real estate market is expected to boom thanks to good signs in foreign direct investment and the resumption of international flights, predicted experts from Savills Vietnam.

The industrial real estate market, frozen over the past two quarters by the COVID-19 pandemic, is bouncing back with new and expanded projects.

The real estate market is witnessing a boom in land plots for sale in many provinces as new projects are rolled out in large numbers.

The Ministry of Construction (MoC) has requested the People's Committees of provinces and centrally-run cities to strengthen the management of the domestic real estate market, controlling the risks of a property market bubble.

The real estate market remains attractive and many segments are expected to become bright spots to accelerate the market growth in 2022 thanks to the flexible response.

With an average gross domestic product (GDP) growth rate of 6-7 percent, Vietnam is being evaluated as an ideal destination for investment, compared to other countries in the region, particularly in the field of the real estate market.

After more than four months of slowing down due to the COVID-19 pandemic, the property market in the south is regaining strength and there are optimistic signs of a recovery thanks to demand still exceeding supply.

One of the most important hurdles to restoring the economy after the COVID-19 pandemic is further investment in social housing development, especially for workers in industrial zones, according to the Ministry of Construction (MoC).

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.

Residential real estate in Vietnam is still one of the fastest-growing markets in Southeast Asia despite the fact that the COVID-19 pandemic has halted many economic activities, according to experts from property consultant Savills Vietnam.

The real estate market has been significantly affected by the COVID-19 pandemic, but not impacted by the Evergrande crisis.

The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.

In Vietnam's real estate market, the leasing demand also recorded positive signals, with the amount of absorption area in Ho Chi Minh City and Hanoi in the first two quarters of 2021 were close to pre-pandemic levels.

Despite difficulties from the COVID-19 pandemic, the real estate market has maintained stability thanks to support policies from the Government.

The domestic property market has continued to show steady increases in the second quarter of this year.

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the virus is under control.