The banking industry will continue to face difficulties in 2023 in the context of the real estate market downtrend and the less positive import and export outlook, analysts forecast.
Despite being affected by general difficulties, the growth rate of the construction industry achieved about 8-8.5% this year, contributing to bringing the economy's overall growth rate surpassing the 6-6.5% plan set by the Government.
The domestic rental market had a bright start in 2022, although it began to decline in the second quarter, according to batdongsan.com.vn, Vietnam's leading real estate trading website.
Vietnam's real estate market is unlikely to boom next year, according to experts.
Some experts have warned that taxation, if applied, would have a negative impact on the real estate market.
Real estate enterprises should actively find alternative funding sources such as foreign direct investment (FDI) capital flow to curb their capital shortage as popular capital mobilisation channels for the realty industry have been tightened.
Digital transformation is no longer an option but a mandatory trend for real estate enterprises to overcome difficulties and contribute to promoting the formation of a healthy, transparent, and sustainable market.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underscored that credit governance must be prudent to help curb inflation and stabilise the macro-economy when responding to legislators’ concern about credit for real estate.
VOV.VN - A seminar on sharing experience in buying and renovating houses for Vietnamese nationals living in Japan was held in October 23, in Tokyo, with the participation of more than 100 Vietnamese people residing, studying, and working in the East Asian nation.
The Savills Hanoi's report on the capital's property market in the third quarter of 2022 was released last week.