Real estate

Vietnam has attracted the majority of those who wanted to diversify their manufacturing portfolio beyond China.

Despite thin supply, primary prices remain stable, suffering no impacts from the pandemic.

As the occupancy rate dropped due to impacts of the pandemic, landlords rolled out supportive measures.

Due to the thin supply, rental continued to grow during the quarter.

The city’s real estate market took a hit in the first quarter and it will take time to recover.

Domestic electronic production could be among industrial sectors that face major challenges in the coming quarters as major export markets are struggling with the pandemic.

The two cities are believed to continue to outperform in terms of economic growth and foreign direct investment.

The situation, however, is likely to be getting worse if the pandemic derails the economy, due to the highly cyclical nature of the real estate industry.

Under Madame Nga's leadership, BRG Group is currently a pioneering multi-sector business that includes core disciplines such as golf courses, hotels and resorts, property development and a smart city project in Hanoi.

Hanoi, the city of a nine-million population, needs approximate 600,000 apartments per year.

The coronavirus outbreak will certainly have an effect on the global economy in the coming months. Vietnam, with its proximity and close trade and supply relationships with China, is no exception.

The trends will contribute to helping navigate foreign investors in Vietnam.

In the long run, with Vietnam successfully controlling diseases, the tourism industry will greatly benefit as the country will be seen as a friendly and safe destination.

Failures of several developers and a lack of legal framework on ownership have considerably slowed investment in the condotel segment.

Vietnam has for years allowed foreign institutions and individuals to buy and own houses, but few people have succeeded in winning the ownership certificates.

The most obvious benefits of offshore investment include assisting domestic real estate businesses to diversify their portfolios, increasing cooperation opportunities with a broader business network, and seeking new investment potential.

The two cities were among few regional metropolises offering investors high investment returns in 2019.

Investment in real estate sector through capital contribution would avoid risks that might cause to new comers who know little about the market and law.

The new launches are estimated to attract a large number of buyers due to thin supply in the city.

Experts suggest that to increase the attractiveness of the high-tech parks, together with effective special incentives, the high-tech parks should have a dynamic working environment, and modern and synchronous infrastructure.