Property market faces liquidity, other severe problems: HoREA
The property market is “struggling and risks falling into a slump,” Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association, has warned.
Many property developers are facing a cash crunch, according to the HCM City Real Estate Association. (Photo: VNA)
HCM City (VNS/VNA) – The property market is“struggling and risks falling into a slump,” Le Hoang Chau, chairman of the Ho ChiMinh City Real Estate Association, has warned.
Speakingat a meeting on November 8 that Deputy Prime Minister Le Minh Khai and theMinistry of Construction held with property companies and HoREA to helpmitigate problems facing the market, Chau said to stay afloat, some had todelay development projects and even initial public offerings, which couldhamper economic recovery.
Manycompanies are struggling to access bank credit, issue bonds and mobilise fundsfrom customers, and are even resorting to selling their assets or products atlarge discounts or seeking risky loans at high interest rates, he said, adding that somehave cut their payroll by up to 50%.
"Thereis an oversupply of premium housing and a lack of affordable commercial andsocial housing, so more policies to increase the supply of the latter areurgently needed," he said.
Hisassociation called for enabling developers and buyers of affordable housing toaccess credit more easily, especially trustworthy businesses among the former.
Italso called on the Government and the National Assembly Standing Committee toconsider subsidising loans given by the four Government-owned banks, BIDV,Vietcombank, Vietinbank, and Agribank, to buy or rent social housing.
Iturged the Government and the State Bank of Vietnam to increase banks’ creditquota by 2%, thus increasing the amount of credit available by 200 trillion VND(8 billion USD), to bolster the economy during the end of the year.
Chaualso called for amendments to the 2013 Law on Land and related laws to fosterthe market./.
In the open period of 2022, the central city of Da Nang is recovering by focusing more on branded tourist real estate projects. Moreover, Da Nang continues to develop smart urban areas with the ambition to put the city into the map of a high-class living and resort urban area.
The Ho Chi Minh City commercial property market has returned to its growth trajectory from before the COVID-19 pandemic thanks to the retail and services sector as well as increasing number of foreign visitors to the city, experts said.
Ho Chi Minh City's commercial property market has returned to its growth trajectory from before the COVID-19 pandemic, with positive signals seen in the office market, according to real estate firm CBRE.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Many property developers are facing a cash crunch, according to the HCM City Real Estate Association. (Photo: VNA) 
