{"id":11088,"date":"2021-02-22T11:59:09","date_gmt":"2021-02-22T04:59:09","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=11088"},"modified":"2021-06-04T16:01:34","modified_gmt":"2021-06-04T09:01:34","slug":"vietnams-domestic-property-market-is-seeing-a-positive-outlook","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnams-domestic-property-market-is-seeing-a-positive-outlook\/","title":{"rendered":"Vietnam’s domestic property market is seeing a positive outlook"},"content":{"rendered":"

The real estate sector contributed around 4.42 percent to Vietnam\u2019s GDP in 2020<\/span>\u00a0<\/span><\/p>\n

\"\"
Due to the recovery of the housing and industrial zone sectors, the domestic real estate market\u00a0has\u00a0maintained positive growth for 2020. ThiDolphin\/Shutterstock<\/figcaption><\/figure>\n

The Ministry of Construction (<\/span>MoC<\/span>) is confident that Vietnam\u2019s domestic property market has surpassed the most difficult period<\/span>, as the market and the whole economy have experienced positive developments in Q4 2020, reported Vi\u1ec7t Nam News<\/span><\/span><\/a>. <\/span><\/span><\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

According to the ministry, the industrial property sector can be regarded as a shining light for the domestic market, as reasons like the European Union \u2013 Vietnam Free Trade Agreement (EVFTA)<\/span>\u00a0is soon to happen, along with the relocation of many multinationals to\u00a0<\/span>Vietnam. <\/span>\u00a0<\/span><\/p>\n

The country\u2019s success in controlling and handling COVID-19 is also key in luring additional foreign investment.\u00a0<\/span>\u00a0<\/span><\/p>\n

A representative of the ministry mentioned that such factors would create a solid foundation for the real estate market to recover steadily in 2021.\u00a0<\/span>\u00a0<\/span><\/p>\n

Despite the market\u2019s ongoing difficulties, real estate developers have put forward solutions to entice consumers, such as shifting FDI inflows and changing<\/span>\u00a0areas for development projects to catch up with trends of\u00a0<\/span>urbanisation<\/span> in regions outside big cities. <\/span>\u00a0<\/span><\/p>\n

Due to the recovery of the housing and industrial zone sectors, the domestic re<\/span>al estate market\u00a0<\/span>has<\/span>\u00a0maintained positive growth for 2020<\/span>, contributing<\/span> about 4.42 percent of the national GDP in 2020.\u00a0<\/span>\u00a0<\/span><\/p>\n

As stated by the Ministry of Construction, the sector\u2019s total outstanding debt rose quarter by quarter. The debt reached VND8.3 trillion (USD361 million) in the first quarter, VND8.5 trillion in the second quarter,\u00a0<\/span>and VND8.6 trillion in the third. As of December 31, debt reached more than VND8.8 trillion.\u00a0<\/span>\u00a0<\/span><\/p>\n

More: Stable prices and low interest rates in Thailand show promise for investors<\/a><\/strong><\/p>\n

Property companies have access to capital from other sources besides banks, such as remittances and capital from issuing stocks and bonds and individual investment capital. <\/span>\u00a0<\/span><\/p>\n

As for the market supply in the fourth quarter, the <\/span>market<\/span> gained almost 30,000 new apartments, while transactions were still quite steady.<\/span><\/p>\n

Regions with large inventory included\u00a0<\/span>\u0110\u00e0<\/span>\u00a0<\/span>N\u1eb5ng<\/span>, Kh\u00e1nh H\u00f2a, Ki\u00ean Giang and B\u00ecnh D\u01b0\u01a1ng. On the other hand, H\u00e0\u00a0<\/span>N\u1ed9i<\/span>, Ho Chi Minh City, Qu\u1ea3ng Ninh, and areas with strong <\/span>urbanisation<\/span>\u00a0such as\u00a0<\/span>C\u1ea7n<\/span> Th\u01a1, Long An, and\u00a0<\/span>\u0110\u1ed3ng<\/span> Nai maintained stable <\/span>development\u00a0<\/span>in the property market with moderate levels of apartment inventories.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The real estate sector contributed around 4.42 percent to Vietnam\u2019s GDP in 2020\u00a0<\/p>\n","protected":false},"author":12,"featured_media":21019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1113,557,1064,135],"class_list":["post-11088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-positive-outlook","tag-property-market","tag-recovery","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nVietnam's domestic property market is seeing a positive outlook | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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