Vinhomes targets after-tax profit of $1.38 bln in 2024 as market warms up
Vinhomes, a major housing developer under private conglomerate Vingroup, targets to earn an after-tax profit of VND35 trillion ($1.38 billion) this year, up 4.4% year-on-year, given more positive signals from the local real estate market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel major Hoa Phat to focus on core business, research high-speed train rails
Vietnamese steel giant Hoa Phat Group will focus its resources on its core business in the short term to compete with imports amid intensified industry competition, said its chairman.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
High gold prices increase level of risk in Vietnam: RMIT expert
Considerable fluctuations in gold prices in Vietnam over the last two quarters have led to a high level of risk in the gold market, writes Dao Le Trang Anh, lecturer in finance at RMIT Vietnam.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang realty market plummets in supply, demand
The central city of Danang and its surrounding areas witnessed a decline in supply and demand in the property market in 2023, apart from in the apartment segment, according to real estate consultancy DKRA Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate loses ground, but hopeful signs emerge amidst 2023 gloom
2023 was a year of unprecedented challenges for Vietnam’s real estate market, slowing and stalling its recovery, but there were some hopeful signs. The Investor looks back at some highlights.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
A real estate rebound in the making: VinaCapital
Vietnam’s real estate market has had an extraordinarily challenging year, but we believe the worst of the downturn has now passed, writes Michael Kokalari, chief economist of VinaCapital.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam realty market in new recovery cycle: expert
Vietnam’s real estate market is entering a new recovery cycle that will last until mid-2024, and a new growth phase will likely follow, said an expert at property consultancy DKSH Group.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property market risks destabilization as supply thins: construction ministry
Vietnam’s real estate market continues to face destabilizing factors and recession risks, with scant supply across various segments, the Ministry of Construction has reported to the parliament.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate doldrums may last till Q3/2024: economist
The stagnation of the Vietnamese real estate market is expected to endure till Q2 or Q3 next year given a supply and demand mismatch, said economist Le Xuan Nghia at an event in Hanoi on Friday.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam holds tremendous opportunities for property investors: Keppel executive
Vietnam offers tremendous opportunities for real estate investors as the country continues to undergo rapid urbanization, underpinned by economic growth and an expanding middle class, and coupled with improved infrastructure networks, said Joseph Low, president of Keppel Land Vietnam.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gov't to tackle real estate woes, not assist single firms: Vietnam PM
The government, regulators, and businesses must join hands to solve woes in the ailing real estate market, not helping any single enterprise, Prime Minister Pham Minh Chinh concluded at a conference held Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM urges solutions to solve realty market woes
Prime Minister Pham Minh Chinh on Thursday asked the government, state agencies, and localities to continue solving problems in the real estate market in order to support national socio-economic development.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
2023 real estate market: many challenges, few opportunities
The Vietnamese real estate market in 2023 will continue to face difficulties with medium or low liquidity and no remarkable improvements in the short term, said Vo Hong Thang, R&D deputy director of property consultancy DKRA Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southern real estate market on the slide
A gloomy atmosphere overwhelmed the real estate market in southern Vietnam in November, with new supply falling and consumption hitting its lowest since the beginning of the year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM forms special task force to help property developers out of the woods
Prime Minister Pham Minh Chinh formed a special task force Thursday to help real estate projects and developers address the challenges facing them.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang land plots no longer hot properties
A sense of gloom pervades the real estate market in Danang, especially the land plot segment, once considered the “hen that lays golden eggs.”
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central HCMC real estate attractive despite market uncertainties
Real estate projects at the center of Ho Chi Minh City remain a "magnet" to investors and end-users amid global and market uncertainties.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Affordable segment absent as high-end dominates HCMC apartment supply
The affordable segment has been conspicuously absent as a string of Ho Chi Minh City housing projects open for sales in the second half of the year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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No offshore wind projects in Vietnam until 2028: global council
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