return icon

Construction Ministry’s statistics on real estate inventories incorrect: HoREA

The Ministry of Construction's statistics on the total real estate inventory value is incorrect as the inventories of many property enterprises are not fully taken into account, according to the HCMC Real Estate Association (HoREA).



Condo buildings in HCMC. The HCMC Real Estate Association (HoREA) says that the Ministry of Construction’s statistics on real estate inventories are incorrect


The ministry reported the total property inventory value at more than VND22.8 trillion (US$976.2 million) as of December 20, 2018, falling by over VND105.7 trillion (82.24%) against the first quarter of 2013, which are disputed by HoREA.

HoREA Chairman Le Hoang Chau said that in 2012, the association conducted a survey on 45 out of over 1,200 real estate projects in the city, but it managed to collect data on 36 projects only, while data from the remaining nine were not available.

Therefore, the statistics of the Ministry of Construction did not reflect the reality as it was based on available data only.

Chau cited the State Security Commission of Vietnam’s data to say that last year, the total value of property inventories of 65 real estate firms listed on the stock market reached over VND201.9 trillion, far higher than the numbers reported by the construction ministry.

Meanwhile, some large property firms such as Him Lam, Hung Thinh and Van Thinh Phat have yet to list on stock exchanges, so their inventories have yet to be taken into account.

Thanks to the Government's VND30-trillion home loan package, the local property market has returned to its high growth rate, helping reducing inventories, according to HoREA. SGT

Le Anh

HCM City real estate market set for recovery

HCM City real estate market set for recovery

The HCM City housing market is expected to recover again after being flat for over one year with support from the local government.

Ho Chi Minh City ramps up real estate

Ho Chi Minh City ramps up real estate

In an effort to become more attractive to investors and feature more modern infrastructure, Ho Chi Minh City is intensifying development of its urban real estate market.

Real estate market set for recovery as HCM City streamlines regulations

Real estate market set for recovery as HCM City streamlines regulations

The HCM City housing market is expected to recover again after being flat for over one year with support from the local government.  


Experts warn Vietnamese banks of risks following US banks’ collapse

If bond issuers fall into insolvency, the price of bonds could fall to zero, creating a high risk for banks.

Hanoi to resume tourism services on West Lake

Hanoi may resume 12 tourism services on the West Lake including boat transportation, after six years of suspension.

Car imports from Thailand still hold largest market share in Vietnam

Thailand once again led the market in terms of value and the number of CBU (complete built unit) cars imported to Vietnam in February 2023.

Deputy PM holds bilateral meetings on sidelines of UN 2023 Water Conference

Deputy Prime Minister Tran Hong Ha had bilateral meetings with many foreign leaders on the sidelines of the UN 2023 Water Conference, which is taking place in New York from March 22-24.

Vietnam temporarily suspends import, circulation of 15 types of medicines

The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) has just issued an official dispatch on suspending the import, distribution, circulation and use of 15 types of medicines produced by Arena Group S.A. of Romania.

EVN urged to negotiate with renewable energy investors to fix electricity price

The Ministry of Industry and Trade has urged the Electricity of Vietnam (EVN) and investors of transitional solar and wind plants to negotiate and agree to fix electricity prices before March 31.

Two arrested in 11kg drug transport from France to HCM City case

The Ho Chi Minh City Department of Public Security has just arrested two people involved in the case of transporting over 11 kilograms of narcotics and ecstasy from France to Tan Son Nhat International Airport, Vietnam.


Renowned Vietnamese artists collaborate on unique porcelain artworks


Dragon fruit export turnover reaches 47 million USD

Boxer beats Spainish rival to advance to World Championship’s semifinals

Vietnamese boxer Nguyen Thi Tam trounced Spanish rival Laura Fuertes 5-0 in the women's light flyweight category to advance to the semifinals of the IBA Women’s World Boxing Championships in New Delhi.

Ministry of Health warns of possible outbreaks of dangerous diseases

In its yesterday’s official dispatch to people's committees of provinces and cities on organizing the implementation of the 2023 epidemic prevention plan, the Ministry of Health warned of possible outbreaks of dangerous diseases.

Another enterprise issues bonds, real estate bonds increase in value

A real estate firm has successfully raised funds by issuing VND4.7 trillion worth of corporate bonds. Just days before, another real estate firm also successfully issued VND2.3 trillion worth of bonds.

Stock market violations to face stricter sanctions

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.

Association calls for pilot implementation of battery-powered taxis

The Hanoi Taxi Association is urging for the pilot implementation of battery-powered cabs to reduce environmental impact and stay abreast of global trends.

Vietnam strives to eliminate malaria once and for all

The Ministry of Health has announced plans to review, amend, and supplement professional guidelines to ensure nationwide implementation and assess the National Strategy for Malaria Prevention, Control, and Elimination by 2020.