Strong recovery was seen in the Ho Chi Minh City housing market in 2015, particularly in the mid- and hi-end segments, according to an expert from CBRE Vietnam.
London-based Standard Chartered Bank sees Vietnam’s strong efforts to embrace regional and global economic integration as a boost to its business in the country, where it is fully committed to investing in the nation’s growth through a robust and sound long-term strategy.
The retail property segment in the two major cities of Hanoi and Ho Chi Minh City saw recovery in occupancy but not in rent, Savills Vietnam said.
As many as 14,000 new businesses were set up in the first two months of 2015, with real estate firms increasing sharply by 89% in comparison with the same period in 2014.
Potential is seen in the development of the Vietnamese property market in the next 10 years, as it is now on the path of recovery.
(VOV) -Neil MacGregor, Managing Director of Savills Vietnam - the leading real estate developer in Vietnam, described the country as an important destination in Southeast Asia for real estate investors from Japan, Singapore, and the Republic of Korea.
(VOV) - The national economy has bottomed out since the third quarter of 2013 and is now on track to recovery, according to the National Financial Supervisory Commission (NFSC).
Analysts expect 2014 will be a more successful year for the Vietnamese real estate market, after the year began with an increase in the number of apartment transactions.
The country's industrial production has shown signs of recovery this year, rising 5.9% compared to last year, according to the General Statistics Office.
The National Assembly and the Government have no intention of adjusting the major targets set for 2012, and the aggregate national strength should be mobilised to achieve those targets, says NA Chairman Nguyen Sinh Hung.
Residents' purchasing power tends to rise slightly and is reflected in a month-on-month increase of 0.6 percent of the total retail sales value of goods and services.
Unless Vietnam develops long-term strategies for materials and market research, it will have difficulty exporting key commodities, warns Vu Huy Hoang, Minister of Industry and Trade.
In their statement, APEC Finance Ministers commit to strengthening recovery, reinforcing stability and opening markets.
Thailand's Prime Minister Yingluck Shinawatra has announced a three-stage program to help her country recover from its worst flooding in 50 years.
The U.S. Federal Reserve expressed slightly more optimistic expectation of the U.S. economy, saying the recovery "was on a firmer footing", but high unemployment remains a key challenge of the country.
Treasury Secretary Timothy Geithner urged his Group of 20 counterparts to keep stoking global growth to counteract Europe's woes and put the onus on China, Germany and Japan to boost domestic demand.
Vietnam has weathered the global economic recession and is showing green shoots of recovery. However, there remain potential risks, and businesses are advised to draw up plans to cope with any fluctuations in the domestic economy.
Many businesses in Hanoi have ridden out the economic slowdown and shown signs of recovery thanks to their all-out efforts and the government’s economic stimulus packages.