Many people with money and without investing knowledge have chosen property as a safe haven, helping estate prices still increase despite the pandemic, experts have said.

Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction (MoC).

The value of corporate bonds issued in October was VND9.5 trillion (US$409 million), down 12.8% from September, according to the Hanoi Stock Exchange (HNX).

New foreign direct investment (FDI) in the real estate sector increased four times quarter-on-quarter to US$2.35 billion in the third quarter, according to the Ministry of Planning and Investment.

VOV.VN - The excellent business performances of the Hoa Binh Construction and Real Estate Corporation (HBC) have been recognised through the granting of the Corporate Excellence Award as part of the Asia Pacific Enterprise Awards (APEA).

A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.

More and more realty firms are using digital platforms to sell their products, driven by the Government's encouragement to develop local digital technology firms amid the COVID-19 pandemic.

VOV.VN - By September 20 the total amount of foreign investment capital in new and existing projects through adjustment, capital contribution, and share purchases reached a figure of over US$21 billion, equal to 81.1% from last year’s corresponding period, according to the Foreign Investment Agency.

The severe economic blows from COVID-19 have forced scores of businesses to suspend operations and even file for bankruptcy, with real estate companies among the hardest hit.

While COVID-19 continues to impact the whole economy, most millionaires in Vietnam have been investing in the real estate market.