Int’l conference on Vietnam real estate to highlight changes, trends

An international conference co-organized by The Investor in Hanoi Friday will acquaint Vietnam’s real estate stakeholders with upcoming changes in regulations, market potential and development trends.

Titled “Development potential of Vietnam’s real estate market” the event aims to generate ideas and recommendations for sustainable growth.

The conference, chaired by the Ministry of Construction, will be held at Ball Room 1, Mélia Hotel, 44B Ly Thuong Kiet street, Hoan Kiem district, Hanoi.

It is jointly organized by the International Cooperation Department, the Housing and Real Estate Market Management Agency (the Ministry of Construction), The Investor (www.theinvestor.vn), and Nha dau tu (www.nhadautu.vn).

The conference will bring together investors and businesses within and outside Vietnam, industry experts, lawmakers, representatives of central and local management agencies as well as other relevant organizations.

The construction ministry will provide information about draft amendments to laws on housing and real estate trading that are slated for approval later this year by the National Assembly.

The Vietnam National Real Estate Association (VNREA) and experts will share latest information about real estate market trends in Vietnam. Businesses and financial institutions from South Korea, Japan, and Singapore will share their experiences in housing and real estate market development and make proposals on potential cooperation mechanisms.

The event will have three open discussion sessions for domestic and foreign investors, realty developers, experts, lawmakers and representatives of state agencies.

These will focus on: (1) the current situation of Vietnam's real estate market, the bottlenecks and possible solutions; (2) the potential of investment opportunities in the real estate sector in Vietnam in the new situation, in tandem with economic recovery and potential impacts of the two above-mentioned draft laws; and (3) international experiences in developing housing and real estate markets, policy recommendations and suggestions for investment and cooperation.

The organizers expect the conference to be channel for information and policy communication as well as a forum for perfecting relevant legal framework that will promote Vietnam’s real estate market to international investors and connect investors and businesses within and outside Vietnam. This, in turn, will facilitate market recovery and growth.