Hanoi (VNA) –🦋 The domestic property market is forecast to face opposite ends in late 2016 with a lack of mid-tier housing and an abundant high-end segment.
The Housing and Real Estate Market Management Department explained that a majority of local customers have demands for affordable apartments with medium or small areas.
Hanoi and Ho Chi Minh City have the biggest housing supplies, mostly luxury and mid-end projects. However, transactions have remained flat recently in the two major cities.
Against this backdrop, the Ministry of Construction has asked the two localities to reassess housing demands before giving the nod to housing development projects to ensure a balance in supply-and-demand and to stabilise the market.
Housing prices in the first half of this year experienced less changes than in 2015. Prices of apartments of a number of completed or soon-to-be-operational projects in downtown Hanoi rose by 3-5 percent against the previous year.
Also in the capital city, projects with good locations, modern design and suitable surrounds or those in the pipeline hold more advantage than adjacent houses and villas.
In Ho Chi Minh city, prices of the affordable segment in the suburbs remained stable while those of the high-end segment expanded by up to 15 percent compared with the same period in 2014.
The Prime Minister has recently signed a decision allowing low-income earners who want to buy houses this year to access loans at the Vietnam Bank for Social Polices with an annual interest rate of just 4.8 percent, even lower than the rate offered in the 30 trillion VND package.
In another effort to ensure the supply-demand balance, the Construction Ministry has asked localities to promptly draw up housing development plans in line with the Housing Law, which will serve as a basis for licensing housing projects.
Investors have also called on localities to shorten the duration of dossier ratification in order to make it easier for their operation.-VNA
The domestic property market this year would see “hot” development as Vietnam would be one of five best prospective markets in the Asian region, experts said.
Vietnamese shares bounced back on the week’s last transaction day from the previous day’s declines on both local exchanges as banks and property developers recovered from their recent falls.
Some 5,000 estate agents and more than 300 real estate exchanges will gather at the Vietnam real estate brokerage day in central Da Nang city on June 25.
The Vietnamese real estate market is poised for strong growth in the next 15 years, but the Government should prevent speculation to avoid a bubble and improve human resources and infrastructure.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
Illustrative photo (Source: VNA)
