INCREASING NUMBER OF REAL ESTATE BUSINESSES WITHDRAWING FROM MARKET
Minister of Planning and Investment Nguyen Chi Dung, speaking at a meeting of the National Assembly on June 1 to discuss the current socioeconomic situation, said a recent report from the ministry (MPI) on business registration suggested that the real estate business continues to be the most adversely affected sector.
SECOND HOME REAL ESTATE ON THE SLOW PATH TO RECOVERY
According to a report by DKRA Vietnam, the supply of villas and town houses across the country continued to decrease from the end of the second quarter of 2022. Specifically, in April only two projects were opened for sale, providing 12 apartments to the market, down 69 per cent from the previous month and down 98 per cent compared to the same period last year.
NEW DECREE TO RAISE INVESTOR CONFIDENCE IN LEISURE PROPERTY MARKET
A new government decree is expected to help remove difficulties for the domestic leisure property market, which is experiencing a 10-year low in demand, experts have said. Decree No. 10/2023/ND-CP on amending and supplementing some articles of the decree guiding the implementation of the Land Law has come into force from May 20, 2023.
M&A TO PICK UP IN PROPERTY MARKET
Domestic property developers are looking to sell assets and shares to deal with debts, restructure, maintain cash flow and keep operations going, according to industry experts.
INDUSTRIAL PRODUCTION INCREASES IN APRIL
The index of industrial production (IIP) in April was estimated to increase by 3.6 per cent on month and by 0.5 per cent over the same period last year, according to the General Statistics Office (GSO).
HAU GIANG TO BECOME AN INDUSTRIAL CENTRE
In the provincial planning 2021-2030, Hau Giang aims to be an industrial production and logistics centre. On April 27, the meeting on appraising the planning of Hau Giang province 2021-2030 took place under the chair of Deputy Minister of planning and Investment Tran Quoc Phuong, vice chairman of the provincial planning appraisal council.
HAU GIANG TO BECOME AN INDUSTRIAL CENTRE
On April 27, the meeting on appraising the planning of Hau Giang province 2021-2030 took place under the chair of Deputy Minister of planning and Investment Tran Quoc Phuong, vice chairman of the provincial planning appraisal council.
CAPITAL THIRST TO FUEL REAL ESTATE M&A: INSIDERS
Many property developers are planning asset and stock sales as they look to slash debts, restructure business and stay afloat, which is expected to lead to a surge in M&A deals in the market. The real estate’s present worst period will offer an opportunity for Khai Hoan Land Group JSC to embarked on big M&A deals, its General Director Dinh Thi Nhat Hanh said.
