There has been a serious decline in the real estate market in Ho Chi Minh City in the last few years. Demand has fallen a great deal, with many real estate businesses looking at projects “offshore”.
The mergers and acquisitions (M&A) forum with the theme "Opportunities in a booming market" held in Ho Chi Minh City has recently shown that the value of Vietnam's M&A market still reached $8.8 billion in the first ten months of 2021 with more than 500 deals, an increase of 18 percent compared to 2020 despite the unpredictable developments of the Covid-19 epidemic.
The tourism real estate segment is one to suffer the most under Covid-19 impact along with tourism itself, but investors are still determined to continue building new vacation homes to gain leverage for when the pandemic eventually passes.
Administrative roadblocks that have plagued Vietnams’ real-estate will continue to threaten businesses and jeopardize the recently recovered market as news broke of a desperate letter of request from an industrial giant.
No Va Land Investment Group Corporation (NVL)’s shareholders have just approved the plans of issuing 80 million shares to its strategic partners at a cost of VND 30,000 to 90,000 per share.