The new launch of condominiums in the second quarter of this year (Q2) nearly tripled that of the previous quarter, showing recovery of sales activities, according to CBRE Vietnam's quarterly report on the Hanoi market released at a recent online press conference.
Real estate brokerage activities should be professionalised and often individual sellers need better training, especially when the market is in need of momentum after the COVID-19 pandemic, experts said.
The State will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the COVID-19 pandemic.
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).
The domestic real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, the Vietnam Association of Real Estate Brokers (VARS) said.
The Government Office on late April 3 issued a document detailing the instructions on the implementation of the Prime Minister’s Directive 16 regarding a 14-day nationwide stay-at-home order and social distancing measures starting April 1 to deal with the COVID-19 pandemic.
The domestic real estate market in the first quarter of this year witnessed the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, according to the Vietnam Association of Real Estate Brokers (VARS).
The Philippine Stock Exchange has shut down trading starting March 17 until further notice, as part of the country’s effort to curb the spread of the coronavirus pandemic (COVID-19).
Vietnam’s tourism sector has benefited from the fourth Industrial Revolution, but experts held that if domestic travel firms fail to make full use of opportunities, they will lose the local market to foreign rivals.
The outbreak of the acute respiratory disease caused by the novel coronavirus has hit Vietnam’s stock exchange over recent days as shares hit a three-year low.
It is crucial to deploy measures to support the preservation of farm produce and post-harvest storage in parallel with the development of a modern trading system, according to experts.
Many small and medium-sized companies (SMEs) have little experience in e-commerce and lack information about the field, experts said at the recent “Digital Transformation - Gateway to the Global Market” forum in HCM City.
Vietnam welcomed 12.9 million foreign visitors in the first nine months of 2019, a year-on-year rise of 10.8 percent, according to the General Statistics Office (GSO).
The Ho Chi Minh City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.
Experts have suggested that Vietnam’s tourism sector should diversify its products, not focus on only some major markets and create imprints right on flights to the country.
The two national stock exchanges will be merged into one single stock exchange and named the Vietnam Stock Exchange which will be headquartered in Hanoi.
The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth 300 million VND (13,000 USD) and above.
By 2025, Vietnam is among the top four ASEAN countries in terms of national digital ranking as a goal set out in the draft scheme on national digital transformation.
Business
