In the long run, with Vietnam successfully controlling diseases, the tourism industry will greatly benefit as the country will be seen as a friendly and safe destination.
The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.
The EU-Vietnam Free Trade Agreement (EVFTA) has a positive impact on Vietnam's real estate market, especially the industrial real estate, said experts from Savills Vietnam.
Foreign investment has continued to be poured into Vietnam recently, creating a driving force for industrial property development in 2019, said insiders.
Once banks restrict lending, this will affect the real estate market. However, experts believe that no negative impact on the market will occur.
From the mere 335ha of land used for industrial parks in 1986, the total area has since expanded to some 80,000ha, reflecting the strong development of industrial real estate in Vietnam.
Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.
Vietnam’s retail sector earned about US$129.6 billion in 2017, a rise of 10.6% from the previous year, according to a report on global retail market trends of Savills Vietnam retail consultancy.
The retail sector in Vietnam has been going through revolutionary changes to serve a generation of local, tech-savvy consumers as well as an increasing number of tourists.
March 27 marked the launch of sales of condotels and villas at two hospitality real estate projects in Phu Quoc island. developed by Sun Group.
The Vietnamese retail market, analysts say, is still being over-estimated by investors.