Vietnam’s real estate market recommenced its record run, with the industrial sector viewed as the star of the industry thanks to the country's success in combating COVID-19, said a story by Philip Heller published on Forbes earlier this week.

Propzy, a Vietnam-based proptech startup that guides consumers through the entire process of a real estate transaction, is seeking to raise US$50 million in its Series B funding round.

The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.

Industrial properties continue to be a “bright spot” in Vietnam’s real estate sector, with mounting rental enquiries and increased capital market activity.

The Hanoi People’s Committee has issued a decision approving the outline for a task of devising the capital’s housing development programme for 2021-2030, with vision towards 2040.

The growth of Vietnam’s industrial real estate market benefits greatly from merger and acquisition (M&A) deals and new supplies, Savills Vietnam Industrial Services Manager John Campbell has said.

VOV.VN - The level of interest among foreign investors in local real estate projects has continued to see positive changes this year despite numerous difficulties caused by the impact of the COVID-19 pandemic, according to property consultants.

Vietnamese property technology (proptech) firms are attracting the attention of both foreign and domestic investors keen to grab a larger share of the country’s US$500-million market.

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction and consumption sectors, and Build-Operate-Transfer (BOT) projects.

Vietnam now has 1,733 real estate firms, up 27.1% from the corresponding time last year, according to the Ministry of Construction.