Some 30,000 real estate transactions were recorded in the first nine months of 2015, which was tantamount to the combined figures from last year, as heard at a seminar on housing development in the Mekong Delta city of Can Tho on October 7.
According to Chairman of the Vietnam Real Estate Association Nguyen Tran Nam, heat in the real estate market has skyrocketed and the number of real estate transactions this year is expected to double 2014’s.
Vietnam’s real estate market has seen positive signs in both social housing and low-income apartment segments, ranging from 500 to 600 million VND (22,700 USD-27,000 USD) per apartment.
Several newly introduced Government policies and regulations coupled with high confidence in the sector’s outlook have convinced investors and customers to return to the market.
Particularly, the Government’s 30 trillion VND (1.4 billion USD) stimulation package demonstrated its efficiency; 20 trillion VND (909 million USD) of which was signed with banks and 12 trillion VND (546 million USD) was disbursed.
Nam asserted there is an upward trend in Vietnam’s real estate market as many capital inflows have entered the market. To date, about 360 trillion VND (16.4 billion USD) has been invested in the market, accounting for 12 percent of the bank’s total debt system. Meanwhile, around 3 billion USD in foreign remittances were also recorded.-VNA
The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.
Foreign firms have pumped hundreds of millions of US dollars into numerous real estate projects in HCM City, attributed to an upswing in the real estate market after a long period of hibernation.
Tumbling stocks and gold prices may drive investors away to the real estate market as property is traditionally a favourite channel for investment in Vietnam compared to gold, stocks and bank savings.
Although supply has recently surged, there is not likely to be a real estate bubble in Vietnam, said CBRE’s Operational Director Richard Leech at a press conference in Hanoi on September 29.
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 image (Source:kienthuc.net.vn)
