Từ khóa: #real estate market

Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to promote the development of and remove obstacles to the real estate market.

Many ministries have now stepped in to begin removing hurdles that are obstructing the growth of the real estate market in Vietnam.

Banks are maintaining a cautious approach in dealing with the current crisis in the real estate market.

Priority should continue to be given to maintaining macroeconomic stability, controlling inflation, spurring growth and ensuring major balances of the economy, PM Pham Minh Chinh said at the Government’s February meeting on Mar 3 in Hanoi.

The People's Committee of Ho Chi Minh City, on February 17, held a conference to meet and listen to the proposals of city-based enterprises.

HCMC will focus on implementing many solutions for helping the real estate market to bounce back.

In order for Vietnam to achieve the economic growth target in 2023, it will be necessary to have a much better synchronized coordination between fiscal and monetary policies so as to increase resilience in the economy and remove bottlenecks.

Many experts believe that the real estate market has many opportunities for growth, but before that happens there is an urgent need to untie many knots that are proving to be obstacles in its path to further development.

No affordable apartment with a price under VND20 million (US$855) per square meter were built in 2022, said the Ho Chi Minh City Department of Construction.

The real estate market had to face many difficulties in 2022 and still faces many challenges in the coming year. The Government and ministries have taken a firm decision to support all real estate enterprises in 2023.

Over the last twenty-odd years, several real estate brands in Vietnam have lost their high credibility due to various unpredictable circumstances that have affected their reputation. Currently, too, many big brands are doing everything possible to fight the factors affecting their businesses and save and protect their brands in the current crisis situation.

Hundreds of housing projects in Ho Chi Minh City are currently entangled in legal procedures. Experts predict that the real estate market is now entering a recession phase. 

Speaking at the conclusion of the questioning session of Minister of Construction Nguyen Thanh Nghi at the 4th session of the 15th National Assembly on November 4, Vice Chairman of the National Assembly Tran Quang Phuong said that 61 delegates registered, 36 questioned, and one argued directly. The Q&A session took place in a lively, responsible, frank, and constructive manner.

The real estate market is currently facing a serious crunch, not seen in the last ten years. Both investors and real estate businesses have never faced such difficult times before. 

The consequences are severe as land prices inflate, farmers do not have land for cultivation and planning is disrupted.

Prime Minister Pham Minh Chinh underlined the need to pay special attention to removing "bottlenecks" on the real estate market while chairing an online conference on July 14 on measures to ensure safe, healthy and sustainable development of the property market.

Office space for lease in Ho Chi Minh City in the first half of 2022 continued to make a recovery with a total net absorption area of about 21,000 sq.m, equivalent to 38 percent of 2021, although the new supply remained limited, according to real estate firm CBRE.