 Land "fever" in the planned Phu Quoc special administrative economic zone in southern Kien Giang province. (Photo: theleader.vn) |
This was heard at the Vietnamese business forum: voices of property companies in
the 2018-19 period held in Hanoi this week. The forum was under the award
ceremony of BP500- Top 500 Best Prosperous Firms 2018 in Vietnam.
The report based on a survey of the top 500 companies showed that real estate
would continue to be a stable and attractive profitable channel this year.
However, the competition would also be fiercer as the market has high
integration, requiring businesses to pay attention to sustainability and
longevity of their projects.
The report also revealed that the macro-economy which was expected to have
stable growth this year would be a pre-condition for estate, construction,
retail and high quality agriculture sectors in the upcoming time.
Prof Dang Hung Vo, former Deputy Minister of Natural Resources and Environment,
said the shortage of information in the property market has been a big issue for
its development.
Recent land fever in special administrative economic zones as well as other
forecasts on the real estate market is only “qualitative”, Vo said, adding that
the market still lacked of published information.
He gave an example that such information of how many condotels will be offered
in central Da Nang city and whether capital should flow into the real estate
market or not should be published.
“If we do not have data, we cannot discuss about development, forecasts and
co-operation among investors in the estate market,” he added.
Vo suggested that the Government should have real and open data to help
investors have an overall view about the market.
Sharing the ideas, Dang Huy Dong, former Deputy Minister of Planning and
Investment, said there should be cooperation between the Government and
businesses to ensure information in the market.
Dong said the property market has not had information only on estate projects
but also materials, suppliers and finance.
“The real estate market has been an important index of the economy in addition
to securities and the macro-economy,” he said.
Source: VNA
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