BANKS, REAL ESTATE FIRMS RETURN TO LIFT VN INDEX
Shares rose further on the HCM Stock Exchange on Friday morning, led by banks and property firms. The benchmark VN Index added 0.35 per cent to close at 831.86 points. It gained 0.15 per cent on Thursday.
PROPERTY TARIFF NECESSARILY FORMULATED
At the recent Vietnam Finance Forum 2017 in Hanoi, many economists pointed out that it is time to reform the national financial system and focus on tariffs such as added value (VAT) and commodity tax to ensure a sustainable source of funding.
REAL ESTATE MARKET SCHEME SUBMITTED TO THE GOVERNMENT
To shape a stable, transparent, non-speculative and non-bubble real estate market, the Ministry of Construction is completing the project on “Assessing the market, forecasting medium-term trends, proposing solutions and mechanisms to promote stable and healthy market development” to submit to the Prime Minister in late 2017.
REAL ESTATE MARKET WAITING FOR NEW CAPITAL FLOWS
Since the beginning of 2017, the real estate market of Vietnam has recovered its strength and become increasingly attractive to foreign investors with many large corporations accelerating their investment in Vietnam. According to many experts, in the last months of the year, cash flow into the sector will continue to increase sharply through the merger and acquisition (M & A).
REAL ESTATE REMAINS 2ND LARGEST FDI LURER
Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date.
INDUSTRIAL PARK OCCUPANCY RATE REACHES 73%
The occupancy rate at operational industrial parks (IPs) nationwide has hit 73 per cent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.
MID-END APARTMENT SUPPLY PLENTIFUL
The real estate market will see an abundant supply of mid-end apartments toward the end of the year, according to the Vietnam National Real Estate Association. A number of renowned investors, such as Vingroup and Eurowindow, will launch a large number of mid-end apartments, which are of high demand.
VN PROPERTY MARKET LOOKS TO UP TRANSPARENCY
The Vietnamese property market must improve market information transparency to attract investment and develop sustainability, experts said. Although there are currently many sources for market information--real estate associations, property services firms such Savills, CBRE, JLL and Cushman Wakefield as well as the Ministry of Construction--the information is rarely consistent among market research firms.
