Ho Chi Minh City posted VND585 trillion (US$25.74 billion) in the Gross Regional Domestic Product (GRDP) in the first half of 2018, a growth of 7.76 percent from the same period last year, as heard at a meeting on July 3.
Total FDI capital poured into new and existing projects and used to contribute capital and buy shares in domestic companies reached US$9.9 billion in Jan-May, down 18.3% year on year.
The manufacturing-processing industry absorbs more than half (57.9%) of the foreign direct investment (FDI) inflow into Vietnam over the past years to May 2018, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Co-working space in Vietnam is growing in terms of both suppliers and types of co-working spaces targeting specific renters, real estate service provider CBRE Vietnam said on May 29.
There will not be much change in the property market in the second half of the year, a senior Ministry of Construction official has said.
The real estate sector in the northern coastal province of Quang Ninh, which is a pillar of the economic triangle of Hanoi-Hai Phong-Quang Ninh, has become more attractive to investors thanks to the robust development of local infrastructure, according to Vice Chairman of the provincial People’s Committee Vu Van Dien.
Real estate organizations in Vietnam are concerned that 2018 could be a difficult year for the local condotel market due to oversupply.
The High-Level People’s Court in Hanoi has maintained the life sentence given to Chau Thi Thu Nga, former National Assembly deputy and former Chairwoman and General Director of the Land and Housing Construction and Investment JSC (Housing Group), for swindling to appropriate assets at the B5 Cau Dien housing project.
A total of 54 businesses and projects were honoured with the Vietnam Property Awards 2018 in Hanoi on April 14 in recognition of their significant contributions to the development of the real estate market in Vietnam.
The increasingly improved and synchronised transport infrastructure, tourism potential, and abundant natural resources are all favourable conditions luring in big investors, especially in real estate, to Quang Ninh.
Real estate lured investment of VND79.2 trillion (US$3.48 billion) in the first quarter this year, accounting for 28.4% of total registered capital in the period, the highest of all sectors, the Ministry of Planning and Investment reported.
Vietnam’s real estate market will maintain mid-term stability in 2018, while merger and acquisition (M&A) in the sector will continue to see strong development.
Prime Minister Nguyen Xuan Phuc has asked the National Financial Supervisory Committee to coordinate with competent ministries and agencies to give proposals to the Government and the PM on major economic issues, especially those regarding the macro economy and financial market supervision.
VOV.VN - The Ministry of Construction will improve the housing market’s information system and the database on the property market to ensure sustainable development toward achieving this year's growth rate of 8.46 – 9.21%.
The State Bank of Vietnam (SBV) has asked credit institutions to limit their lending to the real estate and construction sectors to better control bad debts.
Irrespective of listed domestic giants like Vingroup and Novaland Group securing substantial sales revenue and profits from the real estate sector in 2017, the 12 medium- and small-scale domestic gas and oil firms which previously poured significant capital into the sector were reported to suffer heavy losses.
Analysts expect the real estate market, especially the residential land segment, to continue to grow solidly this year thanks to huge infrastructure works in many places around Vietnam accompanied by a raft of property developments.
At 8am on a wintery December 2, music blasted out as a crowd of hundreds queued up outside the first McDonald’s restaurant to open in Hanoi.
NovaLand, one of the leading property developers, expects to hand over 11 projects in 2018, bringing significant revenue and reducing inventory.
Hanoi and Ho Chi Minh City have seen real estate sector transactions reach a total volume of more than US$2 billion in the last two years.