return icon

Investors look to real estate sector during Covid-19

Having sold 20 taels of gold for more than one billion dong, Nguyen Hong Minh in Hanoi doesn’t know what she would do with the money.

Minh regularly bought 1-2 taels a year over more than 10 years as savings. As the gold price has escalated to VND60 million per tael, Minh could make a considerable profit.






“It is unsafe to keep cash. But I don’t think it would be wise to continue to buy gold. The gold price has become too high and it will decrease in some days,” she said.

Minh regrets that she did not buy real estate 10 years ago. A friend of hers then suggested investing VND300-350 million in real estate, but she decided to buy gold, which was priced at VND35 million per tael. Now, she can have VND600 million from selling 10 taels of gold, but with this amount of money, real estate has become unaffordable for her.

In 2010-2020, the prices of houses in Ba Dinh district in Hanoi increased by 335 percent, while prices in district 5, HCM City rose by 213 percent. Meanwhile, the gold price increased by 22 percent only during the same time and the VN Index 45 percent.

“Real estate is the safest and most profitable investment channel,” she concluded.

In 2010-2020, the prices of houses in Ba Dinh district in Hanoi increased by 335 percent, while prices in district 5, HCM City rose by 213 percent. Meanwhile, the gold price increased by 22 percent only during the same time and the VN Index 45 percent.

Asked why she doesn’t use the money to do business, she said it would be profitable to run restaurants and eateries. However, she has to spend time for her small child, and her husband is away for business.

Nguyen Van Thai, an investor, said he bought an apartment in Hanoi and is still seeking to buy more real estate.

“It is the right time to buy real estate because the prices are very reasonable in a recession,” he explained.

“You won’t be sure of making profit if you invest in securities or gold, because prices are unpredictable and they depend on many factors,” he said. “But you won’t have any worries when injecting money into real estate, because houses cannot be stolen or damaged and the prices won’t decrease."

Tran Minh, a real estate consultant, said investors should invest property with actual potential, which has already been built and can be used immediately.

According to Nguyen Quoc Anh, deputy general director of, the number of searches for real estate declined in March, but increased rapidly again in April. This shows people’s high interest in the real estate sector despite Covid-19. 

Bao An

Real estate market on ‘standby’ again

Real estate market on ‘standby’ again

Real estate firms are again postponing sales and investment plans after new Covid-19 cases were discovered in late July in Da Nang.

Foreigners purchased about 16,000 real estates in Vietnam

Foreigners purchased about 16,000 real estates in Vietnam

Foreigners have bought some 16,000 housing properties across the country since they were allowed to do so in 2015, according to the Ho Chi Minh City Real Estate Association (HoREA).



Government issues details on aid for ethnic minority housing, land reclamation

GDP growth of 3.32% in Q1 nears lowest level in 13 years

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, according to the General Statistics Office.

Four Japanese banks to provide US$300 million for Vietnamese renewable energy

Four Japanese banks are set to co-finance a total of US$300 million to provide credit lines to power producers using renewable energy in the nation as part of efforts to help the growing country in its decarbonising process.

15 short stories by Vietnamese writer published in RoK

A collection of 15 short stories written by local author Nguyen Huy Thiep were introduced to Korean readers by Wisdom Publishing House in March.

Hanoi’s ancient pagoda in the red-silk cotton tree season

In March, red-silk cotton trees bloom, showing off their beauty at the thousand-year-old Thay Pagoda in Quoc Oai district in Hanoi.

VN Government calls for broad-based measures to help realty sector

The Vietnamese Government has recently urged ministries to take measures to help the realty sector get back on track and sustain its healthy growth.

EC drops health certificates requirement for Vietnamese noodles

The European Commission (EC) has recommended removing Vietnamese rice noodle and vermicelli brands from conditions that require health certificates and 20 per cent random testing at the port of entry.

Ministry of Industry and Trade proposes draft on cross-border trade

The Ministry of Industry and Trade (MOIT) is seeking public comments on a legal draft amending Decree No14 on cross-border commercial activities.

Leaders of aviation firms to be disciplined if employees committed wrongdoings

The Civil Aviation Administration of Vietnam (CAAV) has just released directive 1480, on enhancing smuggling and commercial fraud prevention among aviation employees.

Golden tourism route links six destinations of Vietnam, China

A golden tourism route connecting six destinations of Vietnam and China was launched in Hanoi on March 28, expected to help the two countries enhance cross-border tourism links.

Vietnamese Foreign Minister holds online talks with Chinese counterpart

Minister of Foreign Affairs Bui Thanh Son held online talks with Chinese State Councilor and Foreign Minister Qin Gang on March 28, during which they agreed to intensify all-level exchanges.

Vietnam International Travel Mart 2023 to spotlight cultural tourism

The Vietnam International Travel Mart (VITM) themed “Cultural tourism” will take place on April 13-16 at the Cultural Friendship Palace in Hanoi, featuring 450 pavilions from over 50 localities nationwide, and 15 countries.

Vietnam, ILO sign decent work country programme for 2022 - 2026

The Decent Work Country Programme Vietnam 2022 - 2026 was signed between representatives of the Vietnamese Government, workers, and employers and the International Labour Organisation (ILO) in Hanoi on March 28.

Vietnam vows to control cross ownership in banks

The tightening of control over cross ownership aims to stop crises at banks.

Largest French cuisine festival in Vietnam comes to Hanoi in April

The largest French cuisine festival in Vietnam “Balade en France” (Walk in France) will return to Hanoi on April 14-16, following the success of the 2018 and 2020 editions, the French Embassy announced on March 28.