REAL ESTATE MARKET CHALLENGES TO CONTINUE UNTIL END OF 2024: EXPERTS
Speaking at a forum late last week, Nguyễn Văn Đính, chairman of the Việt Nam Real Estate Brokers Association, said the market would continue to struggle with limited access to capital, legal bottlenecks and companies’ inability to redeem bonds.
HA NAM'S INDUSTRIAL PARKS ATTRACT 15 MORE FDI PROJECTS
Ha Nam - Industrial parks in the northern province of Ha Nam have attracted 24 new projects so far this year, including 15 foreign direct investment (FDI) projects worth 176 million USD, according to Head of the Ha Nam Industrial Parks Management Board Tran Van Kien.
INDUSTRIAL HUBS TO PROPEL INNOVATION
Increasing emphasis on integrating innovation hubs into industrial parks is signifying a fresh direction in collaborative initiatives aimed at enhancing Vietnam’s industrial advancement. Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp, two pivotal stakeholders of the Vietnam-Singapore Industrial Park (VSIP), has unveiled the Vietnam-Singapore Innovation Centre in the southern province of Binh Duong.
86.3% OF TENANTS IN IZS COME INTO OPERATION
The industrial zones (IZs) in Vinh Phuc province welcomed six new projects into operation in August 2023, bringing the total number of operational projects in the IZs to 403 (330 FDI projects and 73 DDI projects), which accounted for 86.3% of the total projects.
TWO MINISTRIES TO LAUNCH EXCHANGE FOR LAND USE RIGHTS
The establishment of a land use right exchange is vital for the centralised management of the realty sector. The statement was made by Deputy Minister of Natural Resources and Environment Lê Minh Ngân at a governmental meeting on Monday.
TWO MINISTRIES TO LAUNCH EXCHANGE FOR LAND USE RIGHTS
What ministries had to do now to pave the way for the platform, Hà said, is to define its operational mechanics and its responsibilities towards businesses, set the criteria for their admission to the platform, and establish a mechanism under which data among platforms can be transferred.
REAL ESTATE GRAPPLES WITH NEW FOCUS
Real estate insiders are predicting a strong end to 2023 in terms of recovery in various segments, and launches are already underway, but this will occur in tandem with government moves to adjust currently tight regulations on real estate lending.
PRESSURE ON EXCHANGE RATE TAKES ON NEW LOOK
According to economist Le Xuan Nghia, one of the biggest risks to the Vietnamese economy is that lending rates remain high despite the State Bank of Vietnam’s (SBV) recent efforts to reduce operating interest rates. “The real interest rate is still at 10 per cent, which is too high, but this is because the operator is still worried about exchange rate fluctuations,” said Dr. Nghia.
