Real Estate

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

Credit should be channeled to priority fields and production/business activities with positive impacts on socio-economic development.

The majority of real estate firms are now in a dire financial situation after two years of fighting the pandemic.

After a long period of social distancing, people would prioritize shopping or tourism instead of buying properties.

The new policies on rebuilding decaying condominiums have prompted investors to look for old apartments in anticipation of greater returns when they are rebuilt.

Real estate brokerage firms should adopt IT and e-commerce to improve their interactions with customers during the social distancing period.

Foreigners are potential buyers of luxury apartments in Vietnam.

Supplies of low-priced apartments at below VND2 billion (US$87,300) are predicted to disappear in Hanoi in the upcoming one or two years.

The low supply of new housing projects and growing demand are driving the market prices higher.

Positive budget collection during the first seven months is thanks to economic recovery from late 2020 to June this year.