The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land, according to the report of the Ministry of Construction.

Ho Chi Minh City’s office market witnessed its first positive signs in the first half of this year since being affected by the COVID-19 pandemic for the previous two years, experts said.

Since the beginning of the year, the real estate market has seen an uptick in merger and acquisition (M&A) activity, including office, residential, and industrial projects.

VOV.VN - Government Decree No 44/2022/ND-CP regarding the development, management, and use of the information system about housing and real estate is anticipated to improve the overall transparency of the property market.

Many real estate businesses have returned to the bond channel to raise capital after an absence in April, mobilising thousands of billions of Vietnamese dong.

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.

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

A worker shortage in the hospitality sector spurred by the COVID-19 pandemic has led to the rush for hiring.

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.

Indochina Kajima Development Company, a joint venture from Indochina Capital and Kajima Corporation, has recently launched Core5 Vietnam (www.c5ip.vn).