Vietnam Real Estate Market to Rebound, Vietnam Real Estate Market News
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Programmes to develop social welfares and low-income housing as well as supporting programmes will be seriously implemented. A seminar on Vietnams real estate market in 2010 was held in Hanoi on May 15, attracting a number of experts in the field to take part.
The seminar discussed development trends and prospects for Vietnams real estate market in 2010 and the next few years and pointed out weaknesses which needed to be overcome in recent times and measures to deal with them.
Nguyen Tran Nam, deputy Minister of Construction said that last year despite a decline in economic growth, the real estate market has rebounded quickly and has played an important part in preventing an economic downturn to stabilise the macro-economy. This was attributed to the Governments timely policies. Investors actively shifted their investment into average-price housing to meet the real demand in the market. However, the market still betrays weaknesses, such as the high price of houses, slow implementation of real estate projects, and lack of proper information about the real estate market.
To deal with the problems, Mr Nam said the Government should issue financial mechanisms to develop the real estate market, step up the implementation of social houses for lower incomers and build information systems about the market.
Experts said that this year the market will continue to rebound and attract investors in not only Hanoi, Ho Chi Minh City and Da Nang but also other provinces and cities.
Vietnam Business And Financial News Network. Source [stox.vn]
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