Despite signs of transaction stagnation, apartment prices in several areas of some big cities like Hanoi and Ho Chi Minh City still increased during the second quarter of 2023, said the Ministry of Construction (MoC).

VOV.VN - The industrial real estate market proves highly lucrative thanks to stable foreign direct investment (FDI) inflows, according to industry insiders.

The number of new firms established in the January-July period, at 89,600, was up 0.2% from the same period last year, but their total registered capital reduced by 17.1% to VND834 trillion (US$35.2 billion), reported the General Statistics Office.

Exports of cement and clinker products reached 14 million tonnes in the first six months of this year, a year-on-year decline of 15%. Export value is estimated at US$700 million.

Experts have suggested adjusting foreign investment policies, making them match the evolution of the global economy, amidst the shrinking FDI inflows in the first half of this year.

Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly US$450 billion, including 1,100 projects in real estate with a total capital of US$66.4 billion, heard an international workshop in Hanoi on July 13.

VOV.VN - More than three million foreign individuals and organisations have purchased apartments in Vietnam, and the number is expected to continue rising moving forward, heard a workshop held on July 13 in Hanoi to examine the potential for development of the Vietnamese real estate market.

The domestic real estate market is forecast to recover in the second half of the year thanks to policies issued so far in 2023.

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.

The market is witnessing a significant number of mergers and acquisitions as large corporations and investment funds quietly acquire real estate businesses and projects in Vietnam.