News

Vietnam’s property market, including the industrial, residential and office segments, saw vibrant merger and acquisition activities in the first seven months as companies pour big bucks into potential projects.

Prime Minister Pham Minh Chinh has called for “flexibility” in providing credit to the property sector.

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.

Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam.

Prime Minister Pham Minh Chinh underlined the need to pay special attention to removing “bottlenecks” on the real estate market while chairing an online conference on July 14 on measures to ensure safe, healthy and sustainable development of the property market.

Hanoi (VNA) – Strong demand will ensure stable absorption of office space in Hanoi in the second half of 2022, according to real estate services firms CBRE.

Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.

Vietnam jumped four places to rank 56th globally, according to the Global Real Estate Transparency Index by JLL and LaSalle Investment Management, amid improving building standards across Asia.

Foreign direct investment (FDI) in Vietnam continuously increased in the first half of this year, especially in the real estate sector that attracted 3.15 billion USD, making up 22.5 percent of the total registered capital.

The State Bank of Vietnam (SBV) has been working to regulate liquidity in order to stabilise the monetary market given global economic uncertainties and geopolitical tensions, and control inflation and stand ready to ensure capital for economic recovery and development, its Deputy Governor Dao Minh Tu said on July 12.

n top of the capable handling of COVID-19, the FDI inflow to Vietnam will provide an impetus to the real estate market in the time ahead, according to a leader of the Vietnam Chamber of Commerce and Industry (VCCI).

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