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Lack of transparency and synchronous storage processes in market information systems and regulations on data transmission are significant challenges for the digital transformation of the real estate industry.
Severe ongoing restrictions have forced many individual investors to lower prices and sell their real estate products to balance cash flow after a long time of little to no liquidity.
Timo digital bank joined Zalo Connect with a solution to allow donors to financially support people affected by COVID-19.
For the first time ever, the 1,000-hectare oceanside supercity project NovaWorld Phan Thiet, Phan Thiet city, Binh Thuan province, Vietnam was chosen as a pilot project for the prestigious United Nations Centennial Initiative.
Nam Long Group has officially announced that its strategic Japanese investor Nishi Nippon Railroad will join the development of the Nam Long Dai Phuoc township in Dong Nai province.
The impacts of COVID-19 have hindered the economy and delayed investments in Vietnam’s industrial property market, particularly in the southern region. However, increasing e-commerce and pharmaceutical services may help development stabilise into next year.
KKR, a global investment firm, on September 2 announced the signing of definitive agreements with KiotViet, a merchant platform for micro, small and medium enterprises in Vietnam in which KKR will participate as the lead investor in the $45 million Series B funding round of KiotViet, with participation from Jungle Ventures, CVM, and Thailand bank Kasikorn.
Soft ground levels, complex underground pipework, frequent flooding, and lack of incentives are all hindering investors from jumping into underground real estate development and construction in Ho Chi Minh City, despite promising prospects in some areas.
Although warehouse real estate is the most promising segment in the industrial property market for foreign investors, the lack of synchronous transport connectivity is a major deterrent for many looking to expand their warehouse systems in Vietnam.
Buyers now are more likely to hunt for properties that are not simply accommodation, but also offer greener elements and healthcare facilities.
Frasers Property, a Singaporean multinational company that develops, owns, and manages a wide range of integrated properties, is now diversifying its portfolio in Vietnam. VIR’s Bich Ngoc talked with Chong Chee Keong, general manager of Industrial Property at Frasers Property Vietnam, who shared the group’s sustainability goals and strategies as a purpose-driven organisation.
At the Asia-Pacific Digital Banking Forum 2021 on August 5 organised by Clariden Global, Henry Nguyen, CEO of Timo digital bank, shared how over the course of five years, the company has risen to the leading position in the digital banking market in Vietnam, a "promising land" for digital banking.
Previously a profitable and stable segment of the real estate market in Ho Chi Minh City and surrounding areas, land plots are showing the first signs of a downward trend with many owners facing a cash shortage and having to sell their property to cut losses.
The real estate market in 2021 has seen a downturn in revenues, sales decreasing, and vacant spaces on the rise. With that, developers are attempting to persuade more buyers to accept new tech-based methods of product introduction.
The real estate market is witnessing a decrease in liquidity, with the situation not likely to change for the better for the remainder of the year as Vietnam’s economy struggles with the damage caused by the pandemic.