Vietnam's retail market with positive growth prospects will support the development of the commercial real estate market this year, according to experts at the “Vietnam Retail 2025: Opportunities in Real Estate” event held on February 27.

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The domestic real estate sector is poised for a substantial profit increase in 2025, fuelled by a more optimistic macroeconomic outlook and an expected rise in new supply as companies finalise legal procedures for upcoming projects.

The demand for housing from foreigners is anticipated to continue, driving an existing upward trajectory in Hanoi, signalling a positive development for the domestic real estate market.

The Ministry of Finance (MoF) has recently proposed imposing property taxes on real estate transfers based on the length of time properties have been owned, but the Ministry of Justice (MoJ) said the idea is not feasible.

VOV.VN - The real estate market is showing positive changes, albeit at a slow pace. However, the dual challenges of the market segment structure and price manipulation must be addressed to ensure sustainable growth.

VOV.VN - Gamuda Land, a major Malaysian real estate corporation, is reportedly planning to develop a new apartment project in northern Hai Phong city, marking the firm’s strategic expansion into one of Vietnam’s key economic and industrial hubs.

Average home loan interest rates may increase slightly from the beginning of this year due to rising capital costs, analysts forecast.

Thailand’s WHA Group has unveiled plans to develop industrial zones and logistics service hubs in Thieu Hoa District, Thanh Hoa Province.

Foreign direct investment (FDI) in the real estate sector for 2024 reached US$3.72 billion, making up 18.8% of the total FDI that Vietnam attracted in the year, second only to the manufacturing sector, reported the General Statistics Office (GSO).