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The tight monetary policy and the corporate bond and housing market crash in the second half of 2022 resulted in a cash crunch in the real estate market. However, capital has begun flowing back to the housing market.
At shareholders’ meetings held recently, real estate developers affirmed their priority to develop social housing and affordable residential housing, with a plan to build thousands of apartments in 2023.
Despite efforts from the government and businesses, a lack of legal clarity and limited capital flows are creating bottlenecks and uncertainty for thousands of real estate projects.
Vietnamese small business owners overwhelmingly expect to grow in 2023, with a new survey showing they are the most confident in their local economy across the surveyed markets in the Asia-Pacific.
Solutions to create more conditions for capital inflows were outlined in an insightful roundtable discussion on the real estate market held by VIR on April 19.