The Hanoitimes - Geographic advantages are among factors proving that Vietnam is one of the world’s promising lands for global investors. Geographic advantages A beach in Phu Quoc island. File photo Over the past years, foreign capital inflows have been reportedly increasing in different parts across Vietnam like the capital city of Hanoi, the northern coastal city of Haiphong, the northern province of Quang Ninh, which is home to the world’s natural heritage Ha Long Bay, the northern province of Bac Ninh, which is home to a Samsung complex and hundreds of its Korean vendors, and Japanese Canon. The central region becomes attractive destination with the world’s famous beaches of Nha Trang, Phan Thiet, and Danang. Dozens of big domestic and overseas investors namely Vingroup, Sun Group, and French multinational hospitality company Accor have poured money into the aforementioned localities. In a latest move, Prime Minister Nguyen Xuan Phuc has … [Read more...] about Why is Vietnam’s real estate a magnet for international investors? (P.2)
Vietnam real estate investment
Land fevers, bubble fears: a 2018 Vietnam real estate review
There was no let up in the land fever that lasted throughout 2017 in HCMC, with real estate prices continuing to rise in the first quarter of this year. The situation has also been true of land in and around the proposed Special Economic Zones (SEZs). By late April 2018, real estate prices across HCMC had accelerated strongly. With East HCMC as the epicenter, land prices Districts 2, 9, Thu Duc, Nha Be, Binh Chanh and Can Gio all jumped by 50-100 percent compared to the end of 2017. Prices in District 9 rose by between 60 and 100 percent by the middle of the second quarter. Land in some areas of District 2 along the riverside was priced at VND140-160 million ($5,998-$6,855) per square meter, a peak price for the area. The HCM City Real Estate Association believes that there are at least two artificial price fevers in some coastal or suburban districts of HCMC related to projects or agricultural lots illegally divided. This has prompted police intervention, and it was proposed that the … [Read more...] about Land fevers, bubble fears: a 2018 Vietnam real estate review
Conference discusses Vietnam real estate market trend
The Vietnamese real estate market continues to be stable with supply on the rise compared to 2017 (Photo: VNA) Hanoi (VNA) – Economic experts and representatives from a range of firms gathered together at a teleconference on investment trends and opportunities in Vietnam’s real estate market, held in Hanoi on December 11. Participants focused on analysing, predicting, and coming up with solutions to help develop the real estate market in a balanced, stable, and sustainable manner; as well as help investors and the public better understand the upcoming market trends of 2019. Nguyen Manh Ha – Vice Chairman of the Vietnam Real Estate Association (VNREA), the event’s organiser – said that statistics from the association shows that the Vietnamese real estate market continues to be stable with supply on the rise compared to 2017. Beside Hanoi and Ho Chi Minh City, other localities such as Dong Nai, Binh Duong, Bac Ninh, Bac Giang, and Phu Tho have … [Read more...] about Conference discusses Vietnam real estate market trend
Consumer credit pours into Vietnam’s real estate
The Hanoitimes - Total outstanding loans in real estate and consumer lending saw a sharp increase, making it necessary to limit consumer loans being used for investment in the real estate sector. Real estate loans swell despite SBV's tightening policy Lending to real estate remains strong despite the fact that the structure of credit has now been shifted to manufacturing sector, especially in priority fields, according to the State Bank of Vietnam (SBV), while loans are tightened to sectors deemed as risky, with a view to ensuring the safety and healthy development of the banking system. Illustration photo. As a result, property developers are having difficulties accessing loans, said Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HoREA), due to banks' decision to limit lending in real estate sector as per the central bank's request. Nevertheless, in the first five months of 2018, outstanding loans still increased by 6.16% as … [Read more...] about Consumer credit pours into Vietnam’s real estate
Vietnam real estate outlook sparks foreign investor rush
Ranked high for development prospects in the Asia-Pacific region, Vietnamese real estate is attracting increased investment interest. Big names in the global real estate industry are choosing Vietnam as their next investment destination because it shows great potential for future development, a recent report says. Tokyo-based Nomura Real Estate made a notable transaction in January when it bought a 24 percent stake in Ho Chi Minh City’s Sun Wah Tower. The Asia Pacific Investment Quarterly report for the first quarter of 2018 says that the purchase of a stake in the grade A building in HCMC’s District 1 shows that the city’s office market continues to record healthy demand and high occupancy. The report, prepared by global real estate service provider Savills, says that apart from office spaces, the hospitality sector in Vietnam is also seen as an attractive investment option for foreign investors. Japan’s Mikazuki Hotel in January announced plans to invest $100 … [Read more...] about Vietnam real estate outlook sparks foreign investor rush