REAL ESTATE RANKS HIGH IN 2023 FOREIGN INVESTMENT INTEREST
Malaysian property company United Overseas Australia (UOA) in December was one of the latest major names to announce a joint venture agreement with CapitaLand Vietnam Holdings to develop a $247 million property project in Vietnam.
JAPANESE INVESTORS CATCH THE EYE IN REAL ESTATE SECTOR
Many domestic real estate developers are expecting to cooperate with Japanese investors as strategic partners to receive capital and share the management capacity. In mid-December, CEO Group, GP Invest, and Sovico Group participated in a business matching event with a delegation of Japanese companies to discuss collaboration opportunities.
REAL ESTATE MARKET TO RECOVER IN Q2 2024, ACCELERATE IN 2025, EXPERTS PREDICT
peaking at the Việt Nam Real Estate Summit 2023 held by Batdongsan.com.vn in HCM City last week, Nguyễn Quốc Anh, deputy general director of the property listing platform, said the Vietnamese real estate market in 2023 has been experiencing positive changes and mirroring a previous cycle.
DELAY OF LAND LAW PUTS ISSUES INTO SPOTLIGHT
The National Assembly last week decided to postpone the approval of the draft revised Land Law until the next session in 2024 because many provisions remain controversial and unclear.
INDUSTRIAL ARENA BLOOMS WITH ACTIVITY
On November 10, BW Industrial Development JSC started construction on Vinh Loc 2, a double-story warehouse in the Mekong Delta province of Long An, its ninth project this year. The facility is set to be completed by the end of 2024 within Vinh Loc 2 Industrial Park (IP).
LENDING TO REAL ESTATE INVESTORS SURGES
Lending to real estate developers had increased by over 6% in the year to September, while outstanding loans to real estate trading had surged more than 20%. The State Bank of Vietnam (SBV) announced this information prior to the commencement of a webinar on the implementation of the prime minister’s official dispatch to remove obstacles in the real estate market, which was held yesterday.
OUTSTANDING REAL ESTATE LOANS SURGE
A recent report from the Ministry of Construction, which used data from the State Bank of Vietnam (SBV), said that different segments of the real estate sector saw their outstanding loans soaring in August. These segments include housing development, office space, industrial park, restaurant and hotel, and home repair.
HIGH-QUALITY FOREIGN INVESTING TAKES SHAPE IN INDUSTRIAL AREAS
For 2023, Quang Ninh province is focused on improving investment attraction efficiency and people’s life quality. In particular, the goal of attracting foreign direct investment (FDI) capital into industrial zones (IZs) is set to reach at least $1 billion, with priorities in luring financiers from countries and territories such as Japan, South Korea, China, and the EU, among others, to ensure the socioeconomic development consistent with the province’s potential.
