Intense competition awaits in 2018: property experts

Tran Tan Quy, deputy director of the HCM City Department of Agriculture and Rural Development, said the trade deal would bring investments to Viet Nam, opportunities for the farm sector to boost exports and access new technology, and create jobs, but the competition would be fierce in both the domestic and export markets. Trade tariffs would come down but barriers would go up, he said. Prof Dr Nguyen Van Ngai, head of Nong Lam University's economics faculty, agreed, saying, "In general, the agricultural industry will face more challenges than opportunities since our agricultural industry is at a disadvantageous position compared…... [read more]

Buildings in the Trung Hoa - Nhan Chinh urban area, west of Ha Noi. Having already hit bottom, the property market is now ripe for new investment. — VNA/VNS Photo Tuan Anh HCM CITY (VNS)— Having already hit bottom, the property market is now ripe for new investment, chief economist Alan Pham of Vina Capital said at a Family Day event for investors and buyers recently held in HCM City.Alan Pham, who has 30 years of experience in working in the financial market in the US, said that property cycles often lasted about six years, with three years of decline,…... [read more]

How did the Shop & Store Vietnam get started?As the industry continues to embrace the wider international community, being attracted by over 95 million people and accounted as young population of consumers with 60 percent are aged under 30, multinational retail and franchise groups have taken active steps to penetrate the market in Vietnam.According to the Ministry of Industry and Trade, within 10 years, from 2007 to 2016, Vietnam had witnessed the arrival of 164 foreign franchises bringing 201 brands. Food & Beverage franchises comprise 40 percent of those, including KFC, Lotteria, Jollibee, Pizza Hut, Starbucks, McDonald’s, Domino’s Pizza, Popeye’s…... [read more]

Property developers adjust for market demandBy Dinh Dung - The Saigon Times DailyHCMC - The trend of the mid- and low-cost apartment segment is expected to dominate the property market this year as many property developers have begun to tailor their products to meet market demand, providing affordable condos for mid-income homebuyers.Most of the condo projects that have broken ground early this year are mid- and low-cost projects making people think this year will mark a joint year for the market shifting the demand from luxury apartments to the lower segment.Some property developers have witnessed their business going strongly thanks…... [read more]

As the country's economic hub, HCM City is where the action is for many industries, including property. Viet Nam News reporter Thu Ngan speaks with Le Hoang Chau, chairman of the HCM City Real Estate Association, about the city's property market. How is the HCM City real estate market evolving?The HCM City property market is the most active in the whole country with intense competition.After a long period of inaction, since the end of 2013 the real estate market has been recovering and is back on track.The recovery can be traced to timely changes in policies by the Government and local authorities…... [read more]

Real estate prices in all segments keep going down, sending investors to the wall because their capital is running out. The market is no longer in the hands of sellers, but it entirely depends on buyers. Competition is getting more and more intense on the market. Market continues to challenge investorsIn 2012, the apartment market saw a 65 per cent drop in new supplies from the previous year. Despite poor liquidity in the past year, the number of completed apartments continued to increase, reaching the highest level in five years. The real estate market slumped in 2012, resulting in oversupply, buyer’s…... [read more]

Property brokers required to have practicing certificatesManh Tung By Manh Tung - The Saigon Times Daily HCMC – Property brokers will have to take a test to get a practicing certificate as required by the Ministry of Construction’s new regulation that took effect on February 16. The rule is part of Circular 11/2015/TT-BXD issued by the ministry to ensure the quality of brokering services on the market. The circular regulates the issuance of practicing certificates for property brokers as well as provides guidance on how to train property brokers and operate real estate exchanges. Under the circular, property brokers who…... [read more]

Illustration photo. (Photo: VNA)Hanoi (VNA) - The property market in industrial parks (IPs) shows great potential for development with enterprises looking for better production and business opportunities once free trade agreements come into effect. According to a VinaCapital report on the domestic property market, there was total foreign direct investment of about 7 billion USD in the industrial parks in the first ten months of this year, reported Kinh te do thi newspaper. In the near future, the housing segment for workers in the IPs will attract large foreign investments due to the high demand. Property experts said enterprises should…... [read more]

Regional policymakers on Wednesday gathered to discuss key issues on taxation in Asia and called for closer co-operation in international tax reform in the context of economic integration and expanding cross-border trade and investment.Global economic landscape, domestic tax reforms, international tax co-operation and an automatic information exchange system were discussed at the two-day high-level conference on “International Taxation in Asia: Issues and The Way Forward.”The conference was held by the International Monetary Fund (IMF) and Indonesia.The IMF had forecast stronger growth in the next two years for the world economy, estimating it at 3.5 per cent this year and 3.6…... [read more]

HA NOI (Biz Hub) — Amid the recovery of the real estate market, experts have rung early alarm bells about the risk of supply and demand imbalance by the recent boom in high-end housing projects.Dang Hung Vo, a real estate expert, said at a recent workshop that the Viet Nam property market was still witnessing unbalanced development with developers focussing on high-end housing rather than affordably priced apartments.He estimated that between 2016 and 2018, the market would receive nearly 80,000 housing units, 70 per cent of which would be in the luxury segment.This would be a problem, considering the country's…... [read more]