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The Vietnamese economy is likely to expand by 6-6.5 per cent in the base scenario, with even recovery recorded in all sectors of agriculture, industry, construction and services, Dr. Can Van Luc, a member of the National Financial-Monetary Policy Advisory Council, has predicted.
A moderate exchange rate movement is forecast for this year.
Despite plenty of work on reviving Vietnam’s real estate taking place last year, fruition may not be felt for quite a while yet.
The domestic real estate market is believed to have reached the bottom and expected to roar back to life this year thanks to a slew of measures taken by the Government, ministries, agencies and localities.
Real estate remains a good investment channel in the long term, and the market will start recovering in 2024, insiders have said.