A study by Nomura Research Institute (NRI) of Japan estimated the value of Vietnam's property market at US$21 billion, a far cry from that of some of its neighbours.
The demand for rented office space in Hanoi increased sharply in the second quarter of this year, pointing to a gradual recovery of the domestic economy, said property experts.
Vietnam's property market is revising but depending too much on the financial market, which makes investment still risky, so developers should take prudential steps towards the market.
The domestic real estate market has become warmer as property prices have dropped sharply to suit the budget of the average buyer.
Vietnam's real estate industry is expected to attract more foreign investors, even though the domestic economy is forecast to still face challenges this year, according to experts.
(VOV) - The real estate market will recover in 2014, said Deputy Construction Minister Nguyen Tran Nam in an interview granted to a VOV online reporter about the property market in 2003 and forecasts in 2014.
(VOV) - The government will continue addressing business difficulties, accelerating economic restructuring, and tightening budget spending management to rev up the economy.
(VOV) - Local and foreign experts discussed prospects for revitalizing the suffering property market at a seminar in HCM City on June 13.
Foreign Direct Investment (FDI) companies operating in Vietnam have made some proposals to relevant agencies to help businesses expand production and boost exports.
(VOV) - Although the national economy managed to weather last year’s storm, most small and medium-sized enterprises (SMEs) are still threatened by capital shortages and high inventories.
The property market remains gloomy and requires combined efforts by relevant players, including a restructure of investments by developers to recover, analysts said.
(VOV) - The national economy is burdened with many hidden risks and does not develop sustainably, according to economic researchers.
(VOV) - As many as 389 foreign-invested projects were licensed to operate in the domestic property market in 2012, with a total capitalisation of around US$49.8 billion.
The Bank for Investment and Development of Vietnam (BIDV) will loan VND30 trillion, with a preferential interest rate, for social housing projects in the 2013-2015 period to ease difficulties in Vietnam’s property market.
The outlook for the real estate market towards the end of the year remains gloomy, despite credit loosening policies for the property sector and a reduction in borrowing interest rates.
Given the difficulties facing the national economy, the real estate business seems to be finding a way out of the mess. But how to save the property market remains an open question.
Deputy Prime Minister Hoang Trung Hai cut the red ribbon in Hanoi on November 26, inaugurating an international exhibition on construction, building materials, real estate and interior decorations.
The property market has shown signs of snapping back after a long period of stagnation caused by the economic slowdown. Businesses are seeking ways to mobilise long-term capital sources for their projects.