#Vietnam real estate

The revised draft Law on Real Estate Business has removed a stipulation requiring real estate transactions to be conducted on real estate trading floors and instead only encourages the practice.

Authorities are planning to continue tightening credit for real estate in the time ahead, which is hoped to have positive impacts on the market, heard a forum in Hanoi on May 4.

Foreign direct investment (FDI) flows into Vietnam’s real estate sector hit US$345.5 million in February, accounting for 10.1% in total FDI poured into the country, increasing by 12 times year-on-year.

Vietnam’s real estate market will continue to see stable development in the apartment segment with abundant supply in 2017, a conference in Hanoi on December 20 heard.

With great strengths in many fields, the northern coastal province of Quang Ninh has become an attractive investment desitnation for domestic and international real estate firms.