Ho Chi Minh City’s economy shrank by 6.78% in 2021, the sharpest yearly decline on record, according to the municipal Statistics Office, as stringent COVID-19 restrictions took their toll.

Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.

With an average gross domestic product (GDP) growth rate of 6-7%, Vietnam is being evaluated as an ideal destination for investment, compared to other countries in the region, particularly in the field of the real estate market.

Vietnam's cold storage real estate segment is developing and is expected to reach US$295 million in 2025 with a growth rate of 12% a year, according to real estate consultancy Savills Vietnam.

Vietnam should complete a sturdy legal framework in order to allow non-nationals to buy tourist property in the country, according to international experts.

Homebase, a Vietnamese proptech startup, has raised US$30 million of funding from many world leading adventurous funds including Y Combinator, Partech Partners, Goodwater Capital, Ace and Company and Emles Advisors.

Land prices in Hanoi stayed at high price levels in the third quarter, while they decreased slightly by 5-7% in some projects in Ho Chi Minh City, according to Ministry of Construction’s (MOC) real estate bulletin on the third quarter.

After more than four months of slowing down due to the COVID-19 pandemic, the property market in the south is regaining strength and there are optimistic signs of a recovery thanks to demand still exceeding supply.

VOV.VN - Vietnam’s real estate market has attracted US$2.12 billion in foreign direct investment (FDI) over the past 10 months, ranking third among sectors attracting FDI this year, according to the Ministry of Planning and Investment.

VOV.VN - Specter Real Estate A/S Company of Denmark began construction on the Specter An Giang Garment Technology on November 6 at the Binh Hoa Industrial Park in Chau Thanh district, An Giang province.