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property sector
Update news property sector
PM orders control over capital poured into property sector
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to closely control the capital injected into the real estate sector to prevent property speculation and ensure that property projects meet the demands of residents.
Increase in M&A deals looks imminent in property sector
Many analysts think now is a good time for investors looking for acquisitions in the property industry to act since difficulties caused by the Covide-19 pandemic have thrown up opportunities.
Property firms return to market after COVID-19
After a brief hiatus, property companies have been resuming sales of developments and revealing their post-COVID-19 business plans since the beginning of May.
Banks cut back lending for property sector
VietNamNet Bridge – The interest rates on medium- and long-term loans to the property sector have recently increased by 1-1.5 percentage points.
VN central bank warns banks against lending to property sector
VietNamNet Bridge – Recently the State Bank of Viet Nam told credit institutions to restrict loans to real estate projects to reduce risks and credit concentration in a single sector.
Singapore makes up 60% of approved FDI in property sector
VietNamNet Bridge – ASEAN investors had registered a total of over US$16.6 billion in property projects in Vietnam as of June with Singapore firms accounting for 60%, according to the Foreign Investment Agency (FIA).
Manufacturing, property sectors draw most FDI
VietNamNet Bridge – The Foreign Investment Agency's latest figures showed that disbursed foreign direct investment hit US$11.2 billion in the first 11 months of this year, rising 6.2 per cent year-on-year.
