Vietnam Real Estate

The recovery process may start from the third quarter of 2023 onwards.

In recent months, the market has experienced a significant decline in transactions, as many projects have not been able to proceed due to lack of capital.

The lack of mid-and long-term investment in the real estate market and ambiguous regulations related transactions are hampering its healthy development.

The real estate market is expected to heat up in the remainder of the year, thanks to the bright economic outlook, the Government’s push for major infrastructure projects, and high demands for housing.

This is a key change in the revised Law on Insurance Business, which is scheduled to take effect on January 1, 2023.

Professor Dang Hung Vo speaks with The Hanoi Times about the Ministry of Construction's recent proposal to limit the leasehold term for apartment owners to 50 to 70 years. The proposal, he says, is not new since it was included in the draft Housing Law in 2014 but rejected by the National Assembly (NA).

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.

Industrial and leisure properties are expected to keep drawing investors this year.

Prime Minister Pham Minh Chinh has called for swift actions against any irregularity in the stock and corporate bond market.

Tan Hoang Minh said it would refund the capital to investors, in case the bond issuance sessions are canceled upon request from the authorities.