esg enabling real estate businesses to attain funds

ESG enabling real estate businesses to attain funds

According to the Foreign Investment Agency under the Ministry of Planning and Investment, foreign direct investment in the real estate sector increased by $1.85 billion in 2022, a growth of more than 70 per cent compared to 2021, and ranked second among sectors attracting such funding with capital of over $4.45 billion, or 16.1 per cent.
phu my hung creating sustainable values

Phu My Hung creating sustainable values

After three decades, Phu My Hung is now known by the domestic and foreign communities as a leading model urban area and a success story of the joint venture model in Vietnam, buoyed by quality living space, a humane community, and a sustainable development structure.
phat dat stays strong amid market challenges

Phat Dat stays strong amid market challenges

Amid the market turbulence, Phat Dat Real Estate Development has made efforts to take drastic measures to overcome challenges.
construction and real estate grapple with insolvency

Construction and real estate grapple with insolvency

Although numerous plans have been issued in an attempt to revitalise the real estate market and various related construction schemes, policy complexities persist.
real estate sector still on back foot

Real estate sector still on back foot

The Vietnamese government has been making vital decisions to eradicate difficulties in both policy and capital sources for the real estate market, but progress has been mixed thus far.
horea proposes using 5 billion credit programme to assist struggling enterprises

HoREA proposes using $5 billion credit programme to assist struggling enterprises

This capital, according to the Ho Chi Minh City Real Estate Association (HoREA), should be used to assist enterprises that are experiencing hardships but have the potential to be rehabilitated.
consider easing restrictions on foreign ownership of construction projects vcci

Consider easing restrictions on foreign ownership of construction projects: VCCI

To assist the growth of the real estate market, the Vietnam Chamber of Commerce and Industry (VCCI) has proposed allowing foreign individuals and organisations to acquire construction sites.
real estate living on borrowed time

Real estate living on borrowed time

In the first five months of 2023, 554 realty firms went out of business, up 30.4 per cent year-on-year. Others became worse off as their revenue and profit fell by nearly 7 and 40 per cent, respectively.
304 per cent of real estate companies left market in first five months

30.4 per cent of real estate companies left market in first five months

30.4 per cent of real estate companies, or a total of 554, were dissolved in the first five months of 2023. Along with this, the number of newly registered property firms decreased by 61.4 per cent on-year.
some way to go for proptech to hit home

Some way to go for proptech to hit home

The real estate technology sector in Vietnam is still struggling to find a way to survive despite being recognised as a huge potential market, with nearly 40 companies ceasing operations in the first five months of the year.
high interest rates cast shadow over real estate

High interest rates cast shadow over real estate

Despite improved liquidity compared to the outset of 2023, bank lending rates remain a key factor in resolving the current slowdown in the real estate market.
foreign groups retain interest in property

Foreign groups retain interest in property

Although foreign capital in real estate fell by more than half in the first five months of 2023, positive signs are afoot as foreign backers continue to pinpoint Vietnam’s advantages.
procedures and practices to lure quality foreign investment

Procedures and practices to lure quality foreign investment

Vietnam recorded total accumulated foreign direct investment of nearly $439 billion by the end of last year, of which accumulated capital in real estate reached $66.3 billion. Trang Le, head of Research and Consulting at JLL Vietnam, shared with VIR’s Binh An an assessment of the positive changes in the field in recent years.
vietnams industrial rents are rising swiftly

Vietnam's industrial rents are rising swiftly

Land and industrial infrastructure rental costs are increasing by approximately 10 to 15 per cent annually in Vietnam, but according to the most recent analysis by Vietnamese real estate market research firms, land rents for development and infrastructure in the country's industrial parks (IPs) remain competitive compared to other emerging markets.
core business key as companies pull out of real estate

Core business key as companies pull out of real estate

Inauspicious market conditions have compelled many producers to make a U-turn on ventures into real estate to focus on core areas.