CONDOTEL MARKET FACES GLOOMY PROSPECTS
Statistics from the HCM City Real Estate Association (HoREA) showed the country now has some 82,900 condotels with a total investment of VND100 trillion (US$4.3 billion), mostly located in localities with strong tourism markets like Ha Noi, HCM City, Da Nang, Thanh Hoa, Binh Dinh, Khanh Hoa, Binh Thuan and Ba Ria - Vung Tau.
INCREASINGLY ATTRACTIVE INVESTMENT DESTINATION
With the effort to promote the image of an attractive, open investment environment, Vinh Phuc Industrial Parks (IPs) have become a destination chosen by many domestic and foreign businesses for the post- Covid-19 pandemic period.
NEW POLICIES EXPECTED TO BOOST REAL ESTATE MARKET
The policy innovations of the Government to remove difficulties for the economy are expected to open up opportunities and incentives for businesses operating in many different fields, including real estate. These are important support policies coming just in time to create a big push for the real estate market and other related businesses to recover after the COVID-19 pandemic.
VIETNAM PROPERTY MARKET INCREASINGLY ATTRACTIVE TO FOREIGN CAPITAL
Vietnam has for the first time been named a “Semi-Transparent” market in the 2020 Global Real Estate Transparency Index (GRETI) by Jones Lang LaSalle (JLL) thanks to the progress in its largest markets, HCM City and Ha Noi. In this year’s biennial GRETI, Vietnam is ranked in 56th position.
FOCUSING ON TECHNOLOGY TRANSFER IN ATTRACTING NEW WAVE OF FDI CAPITAL
As Vietnam is attracting high-quality foreign inflows, domestic firms now have an even greater opportunity to draw technology transfer to improve added value in its manufacturing industry.
WHA IZ 1: SPOTLIGHT IN NGHE AN FOR SOUTH KOREAN INVESTORS
Located in Dong Nam Economic Zone, a key economic centre of the central province of Nghe An, WHA Industrial Zone 1 – Nghe An is a spotlight among foreign investors, especially financiers and enterprises hailing from South Korea.
INDUSTRIAL PRODUCTION EXPANDS 2.8% IN FIRST HALF
Viet Nam’s index of industrial production recorded a year-on-year rise of 2.8% in the first six months of 2020, according to the General Statistics Office.
DOMESTIC PROPERTY MARKET FACING UNCERTAINTY: INSIDERS
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic, according to insiders.
