The property market is expected to show more positive performance in 2024. (Photo: VNA)
Hanoi (VNA) – A brighter outlook is predicted for the property market in2024 compared to last year thanks to favourable regulations and interest rates.
In2024, the market may witness a shortage of supply, especially from new and legallyeligible projects. Meanwhile, demand is unlikely to bounce back strongly, butsome segments may record breakthroughs, Vo Hong Thang, Director of theconsulting service and project development section of DKRA Group, told the Laodong (Labour) daily.
Theproperty market will have opportunities to show more positive performance whenthe Land Law is approved and takes effect, and other legal corridors are perfected.Besides, the Law on Real Estate Trading and the Law on Housing, scheduled tocome into force at the start of 2025, will help facilitate money flows andcreate favourable legal regulations for the market’s sustainable development,he noted.
Propertyexpert Nguyen Quoc Anh forecast the market will rebound from the second -fourth quarters of 2024 and begin flourishing in between Q2 and Q4 of 2025. It maygradually enter a phase of stability after Q1 of 2026.
Headded the market will continue growing well in terms of liquidity and prices,and many types of real estate will appear.
NguyenVan Dinh, Chairman of the Vietnam Association of Realtors, noted an array of businessesshut down last year while about 70% of brokers quit their job. Companiesare also grappling with the bond maturity pressure.
However,thanks to the Government’s strong moves to tackle difficulties as well as localauthorities and businesses’ joint efforts, positive signs have been spotted inthe property market.
Forthe 2021 - 2025 period, 475 social housing projects with 432,698 apartments forlow-income earners and workers of industrial parks have been completed or underconstruction, according to the Construction Ministry.
Regardingthe credit package worth 120 trillion VND (4.9 billion USD) for social andworkers’ housing development and old apartment bloc renovation, 23 provinceshave announced 54 eligible projects with demand for over 25.88 trillion VND. About143.3 billion VND in loans has been disbursed for some of those projects so far,statistics show./.
Prime Minister Pham Minh Chinh has urged greater efforts to promote credit access, thus boosting corporate bond and real estate markets in a safe, healthy and sustainable fashion.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The property market is expected to show more positive performance in 2024. (Photo: VNA) 
