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  • News in Vietnam
  • 14 September 2022

Enhancing cooperation and attracting international investment in real estate

On September 8, a representative of the Vietnam national Real estate association (VnRea) said that to implement the Prime Minister’s directive on a number of solutions to promote the development of a safe, healthy and sustainable real estate market, the association is promoting to expand cooperation, association, and investment attraction to add new impetus for market.

Real estate is a sector capable of influencing more than 40 other important economic ones. On 16/6 2022, according to Resolution No. 18-NQ/TW of the 13th Party Central Committee on renovation and improvement of institutions and policies to improve the effectiveness of land management and use in order to create a driving force for our country’s high-income development. The resolution has identified the important role of real estate market in stabilizing the macro economy, contr­olling inflation problems to ensure balance and promote growth.

Recently, the Prime Minister has issued directives on a number of solutions to safely, healthily and sustainably promote the development of the real estate market. It also affirms the importance of the market in stabilizing the macro economy, controlling inflation, ensuring the balance to stimulate growth and the need to boost foreign investment in real estate investment.

On the upcoming September 29, a Vietnam Real Estate Investment Promotion Forum organized by the Vietnam Real Estate Association at the Saigon Exhibition and Convention Center (SECC) will be took place in Ho Chi Minh City. This is the first time a large-scale real estate investment promotion event has been held in Vietnam with the ambition of advising on building a healthy, appropriate and effective policy tool to ensure safe collaboration between capital and real estate markets, diversity of capital sources, domestic and overseas cooperation expansion, connection and attraction of foreign direct investment, etc. for the purpose of creating new driving force for real estate market.

With the theme “Mobilizing resources to develop residential and industrial-zone real estate “, the event will be focusing on two market segments including residential real estate suitable for income and industrial real estate. In addition, it also analyzes issues besides policies of the Government and localities, the actual situation of infrastructure construction, legislation, investment opportunities…

This is an overall, concentrated real estate investment promotion event held for the first time in Vietnam. According to Dr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association, through mechanism of international financial mobilization, the joint ventures and linkages into the real estate market will effectively mobilize foreign capital that contribute to promoting the development of Vietnam’s real estate industry as well as a bulk of other related economic sectors. Therefore, this forum plays a significant role in connecting financial institutions and international investors to the Vietnamese market.

It is also an opportunity for local, domestic and international investors to share information, find solutions to connect and mobilize resources, localities with potential for real estate development, especially residential real estate suitable for income and industrial real estate. The forum will concurrently announce list of projects that need investment using land of some localities, creating favorable conditions for domestic and foreign investors to easily access and participate in housing and industrial investment.