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Expectations are high following the approval by the National Assembly of the Real Estate Business Law, the Housing Law, and the Land Law, which will soon enter into force.

The housing market, like the economy, has shown positive recovery signs month after month, but difficulties are still present.

In early Q2/2024, Vietnam's real estate market is steadily recovered, with the launch of numerous projects in different segments and impressive sales.

This will ease access to land for businesses, attract investment, and help achieve socio-economic goals for the benefit of the public.

Remittance volumes will be a new source of demand driving the property market, according to VARS.

The Government, ministries, and businesses are urged to implement solutions to solve existing major issues hampering the development of the real estate market.

Demand for retail space in alleyways is rising as small and medium-sized enterprises seek to cut costs, given that most of their revenues come from e-commerce platforms.

In 2024, the housing market shows more positive signs than in 2023, but there will be differences in the timing of the recovery across segments.

According to Savills, foreign investors are increasing their interest in retail and hotels and traditional segments such as residential and offices.

It is estimated that one-fifth of all expatriate Vietnamese want to buy homes in the country.

The real estate market is expected to gradually stabilize and shift towards positive changes, as 2024 could be the last year in the process of overcoming obstacles.

Local experts predicted the industrial segment would revitalize the real estate market in 2024.

A major supply-side stimulus and price reduction effort has been undertaken in the housing market.

AkzoNobel has not only strived to develop eco-friendly paint and coating solutions but also emphasized promoting sustainable development in Vietnam by collaborating with like-minded partners to honor innovative initiatives.

More than 400 domestic and international participants gathered at Vietnam's largest construction exhibition, which opened to create a connection amid the economic recovery.

Over the past five years, the real estate market in eastern Hanoi has experienced strong growth, attracting domestic and foreign investors.