return icon

Real estate market warms up as pandemic controlled

The reopening of the economy has begun with the principle ‘reopening the doors anywhere it’s safe’.



Hanoi and some northern provinces, HCM City and some southern provinces, and the central region have step by step loosened and removed lockdowns, while applying reasonable pandemic control measures. People’s life and production, trade and tourism activities have entered a ‘new normal period’ after the large-scale vaccination campaign in these areas.

According to the National Vaccination Information Portal, as of September 14, Vietnam had given 30.4 million Covid-19 vaccine jabs. It’s expected that 31 million Pfizer vaccine doses will arrive in Vietnam by the end of 2021, raising the proportion of fully vaccinated people aged over 18 to 70 percent.

This will help make businesses more confident when resuming their production activities. Q4 is the time for them to gear up to implement orders for the year-end sale season.

As deposit interest rates are no longer attractive and gold prices fluctuate all the time, people are withdrawing money from banks to invest in channels with better liquidity, including real estate. The hot investment is feared to cause a ‘property bubble’.

However, economists believe that the situation is just temporary as a result of the long lasting lockdown and the haste of small investors.

Meanwhile, experienced investors have a more long-term vision. Most of them have been ‘loyal’ to real estate investment, considering this a safe and sustainably profitable investment channels, despite short-term happenings in economic cycles.

A survey found that building material prices have increased by 25 percent compared with the beginning of the year. Experts think the increases will set a new price ground for real estate in Q4 and real estate prices will surge rapidly.

Experts predict the resort commercial real estate segment will see sharpest increases in the post-Covid period.

Travel between cities/provinces still cannot be implemented now, but the demand will gradually increase before skyrocketing in early 2022, when the vaccination campaign is fulfilled.

The Government’s policies on developing the economy, tourism and the service sector in the recovery period will serve as ‘leverage’ to help push the demand up, thus helping warm up the resort property market.

The resort market mostly attracts investors who attach importance to safety and long-term profit. The projects in areas with developed tourism such as Quang Ninh in the north, Phu Quoc in the south and Da Nang and Nha Trang in the central region are always attractive in the eyes of investors. The projects are all located in advantageous positions, with frontage stretching along the coast. 

Doan Phong

Local property market expects strong rebound

Local property market expects strong rebound

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.

Vietnam emerges as fast-growing real estate market in Southeast Asia

Vietnam emerges as fast-growing real estate market in Southeast Asia

Residential real estate in Vietnam is still one of the fastest-growing markets in Southeast Asia despite the fact that the COVID-19 pandemic has halted many economic activities, according to experts from property consultant Savills Vietnam.


IPP Air Cargo approval procedure suspended at investor's request

The Transport Ministry has informed to the Prime Minister of a suspension of the approval procedure for the IPP Air Cargo JSC at the request of the carrier’s investor.

Borussia Dortmund touches down in Vietnam

Renowned midfielder Marco Reus and a delegation made up of 123 players and staff from leading German side Borussia Dortmund landed at Noi Bai International Airport on November 29.

National Assembly Chairman begins official visit to Australia

National Assembly Chairman Vuong Dinh Hue and the Vietnamese NA's delegation arrived in Canberra on November 29 evening (local time), starting an official visit to Australia from November 30 - December 3.


International Circus Festival to open in December


EVN's losses estimated at VND31.3 trillion in 2022

Co la, the food tray that demonstrates Muong ethnic culture in Hoa Binh

For Muong ethnic people, especially those living in Hoa Binh Province, cỗ lá (literally means a food tray displaying several dishes) is more than just a popular food.

Experts call for Hanoi to become a 'creative city'

Cultural industry development is a new issue, and Hanoi does not have much experience promoting its potential advantages.

Apple jumps to second highest seller of smartphones in Vietnam for first time

iPhone accounted for 20.5 percent of market share in Vietnam in October 2022, according to GfK.

Credit concerns affecting Vietnamese stocks should ease soon: VinaCapital

The demand for new housing units in Vietnam is still strong and prices are still affordable, and so the prices of real estate stocks are likely to recover if and when the Government takes action to ease credit conditions.

Fuel prices soar, EVN faces huge losses

Due to the global rise of coal, oil and gas prices, EVN’s electricity production costs and purchase costs have increased sharply. The group may incur losses of up to VND64.8 trillion in 2022.

Banks gain big profits from forex trading

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.

National Sports Games to take part in December

The 2022 National Sports Games (NSG) will be held in Quang Ninh Province from December 9-21.

Vietnam lures over $25 billion in foreign investment in 11 months

Despite a decline of 18 per cent in newly registered capital to $11.5 billion, foreign capital disbursement saw a positive increase of 15 per cent to reach $19.68 billion in the January - November period.

India - new market for VN tourism

According to the World Tourism Organization, Indians spent $22.9 billion traveling abroad in 2019 and the figure was estimated to reach $42 billion by 2024, $45 billion by 2025 and about $91 billion by 2030.

Without career guidance, students drop out in first, second academic years

Without appropriate career guidance when choosing a major in a university, many students have studied the wrong majors so and dropped out after the first year because they chose an unsuitable study program.