Real estate

Property developers are urged to strictly comply with current regulations on reserving 25% of their project area for social housing.

The Hanoi Development Investment Fund has signed four MoUs to provide loans worth VND1.4 trillion (US$60 million) to property developers.

The credit quality of real estate firms is at a good level with financial leverage below 1.5x.

The city would continue to explore opportunities to build new social housing projects to meet growing public demand.

The supply of budget apartments in Hanoi stood at the lowest level in the past five years.

The Vietnamese Government has called on the business community to develop social housing projects and make suggestions to remove difficulties and obstacles in the implementation of projects.

Office, industrial, and project development land account for 39%, 35%, and 26% of the total invested capital in Vietnam, respectively, in the first six months of 2022.

Vietnam has emerged as a new epicenter of entertainment projects, attracting many international giants.

The city expects to build another 44 million square meters of floors in the 2021-2025 period to meet the growing demand for housing from the locals.

In the next few years, Gen Z will be the main trend-setter of the workplace of the future.

The Ministry of Construction will submit to the National Assembly for approval of regulations and laws related to real estate.

In the next ten years, Hanoi would allocate 1,868 hectares for housing development, partly accommodating laborers in industrial parks.

The Government’s focus on infrastructure development and the involvement of major property developers from the South would make the market more attractive.

The Vietnamese coworking market is growing exponentially as more and more people become aware of the benefits this niche brings from a business and productivity point of view.

Demands from financial, real estate, information communications technology, distribution, and manufacturing tenants have increased since 2021.

Suburban real estate segment has become the choice of many investors over the past time.

The capital city might face challenges in solving numerous issues related to the transport infrastructure, urban public works, and school system.

Total outstanding loans from banks in the real estate market were estimated at over VND2,280 trillion (US$98.32 billion), up 10.19% against late 2021.

The number of people, who want to rent a room in apartment buildings, has increased in recent months.

Reopening the economy is key to keeping the strong inflow of FDI into economic sectors.