Driven by growth momentum of the property market in 2017 and coupled with the miraculous rally of the stock market, the property market will continue a positive prospect for 2018. Particularly, in 2018, the Government will complete mechanisms, characteristics and development orientations for three special administrative economic zones - Van Don (Quang Ninh province), Van Phong (Khanh Hoa province) and Phu Quoc (Kien Giang province) in addition to the adoption of specific mechanism for the economic development of Ho Chi Minh City.
Foreign investors pumped in a total of US$77.6 million in the real estate market in January, according to statistics of the Foreign Investment Agency. The real estate sector ranked third among 19 sectors with foreign direct investment (FDI) in January, attracting 6.2 per cent of the total registered FDI.
he Mekong Delta City of Cần Thơ’s Trade and Investment Promotion Centre plans to promote investment in the Việt Nam – Japan Industrial Park this year, according to Nguyễn Khánh Tùng, director of the centre.
The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year. More than 60 per cent is targeted in four technology-oriented industries -- food processing, chemical-rubber, mechanical, and information technology and supporting.
HCM City Real Estate Association has proposed the State Bank of Viet Nam should raise a stimulus package similar to its previous VND30 trillion (US$1.3 billion) preferential home loan package.
Merger and acquisition (M&A) deals in Viet Nam’s real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.
Both in terms of quantity and quality, 2017 has shaped up to be a landmark year for mergers and acquisitions in the property sector. According to Phan Xuan Can, director of SohoVietnam, a mergers-and-acquisition (M&A) broker for many large-scale projects, Vietnam’s real estate market is attracting M&A notice from developers, investors, and brokers alike.
Viet Nam’s hotel and resort real estate needs to have a comprehensive plan to ensure its development is on the right track. According to Mauro Gasparotti, director of Savills Hotels Asia Pacific, the hotel and resort property market of Viet Nam was growing, driven by strong increase in the number of foreign tourist arrivals in recent years.