Real estate market sees slow decline in inventories
The real estate sector reported a reduction of 1.45 trillion VND (63.6 million USD) in inventory in February from December, 2016 to an estimated 29.6 trillion VND (1.3 billion USD).
Hanoi (VNA) – The real estate sector reported a reduction of 1.45trillion VND (63.6 million USD) in inventory in February from December, 2016 toan estimated 29.6 trillion VND (1.3 billion USD), according to the Departmentof Housing and Real Estate Management under the Ministry of Construction.
Most of the inventory is residential land for projects located far from citieswith insufficient infrastructure. This land totalled more than 3.5 millionsquare metres, worth some 13.6 trillion VND (596.5 million USD).
This was followed by town houses with 3,726 units worth 8.1 trillion VND (355.3million USD). Unsold apartments stood at 3,613 units, equivalent to 5.2trillion VND (228 million USD). Inventory in commercial land was nearly 697,000square metres valued at 2.6 trillion VND (114 million USD).
Unsold properties in Hanoi were estimated at 5.538 trillion VND (242.89 millionUSD) while Ho Chi Minh City saw total inventory value of 5.518 trillion VND (242.02million USD).
To ensure transparency in the market, the two cities have announced propertyprojects qualified to sell property. From September, 2015 to February, 2017,some 54,512 apartments were available in Hanoi while 32,420 units were eligiblein Ho Chi Minh City.
The Department also said that transaction prices were stable in the two citiesthanks to abundant supply.-VNA
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts.
Real estate transactions stalled in February due to the Lunar New Year holiday, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative photo (Photo: VNA) 
