Business News

The largest southern city aims to build 107.5 million square metres of housing over the next 10 years, one of the highlights of the draft housing development programme for HCM City between 2021 and 2030.

The housing market is witnessing huge demand and its strong growth momentum comes from rapid urbanization, driven by a so-called gold structure. Mr. Neil MacGregor, Managing Director of Savills Vietnam, said the market is still facing big nuisances such as legal procedures, land funds and investment capital, which result in a mismatch between supply and demand.

The Ministry of Planning and Investment (MPI) is mulling over an in-depth assessment of land usage of foreign-invested enterprises, particularly projects in major localities such as Hanoi, Ho Chi Minh City, Danang, Haiphong, and Khanh Hoa.

Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC).

Several large-scale industrial zones were being set up from the beginning of this year to capture the opportunity of attracting both foreign and domestic manufacturers in the wave of post-pandemic production and business recovery.

Since 2019, real estate businesses have been regularly in the group of businesses with the highest value of corporate bonds issued monthly, quarterly and annually. However, since the beginning of the year, after the tightening policy of capital inflows into this sector, the value of real estate corporate bonds has dropped sharply.

According to Michael Tran, chief construction director at KCN Vietnam, the commencement of Ho Nai Industrial Park was a significant milestone for all partners.

Vietnam’s industrial real estate market is becoming hotter, driven by an increase in foreign direct investment (FDI) flows. Germany’s Framas Group recently leased a ready-built warehouse with an area of 20,000sq.m at KTG Industrial Nhon Trach 2 in the southern province of Dong Nai.