Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Property market hopes for brighter outlook in 2024
A brighter outlook is predicted for the property market in 2024 compared to last year thanks to favourable regulations and interest rates.
 |
| The property market is expected to show more positive performance in 2024 (Photo: VNA) |
The property market will have opportunities to show more positive performance when the Land Law is approved and takes effect, and other legal corridors are perfected. Besides, the Law on Real Estate Trading and the Law on Housing, scheduled to come into force at the start of 2025, will help facilitate money flows and create favourable legal regulations for the market’s sustainable development, he noted.
Property expert Nguyen Quoc Anh forecast the market will rebound from the second - fourth quarters of 2024 and begin flourishing in between Q2 and Q4 of 2025. It may gradually enter a phase of stability after Q1 of 2026.
He added the market will continue growing well in terms of liquidity and prices, and many types of real estate will appear.
Nguyen Van Dinh, Chairman of the Vietnam Association of Realtors, noted an array of businesses shut down last year while about 70% of brokers quit their job. Companies are also grappling with the bond maturity pressure.
However, thanks to the Government’s strong moves to tackle difficulties as well as local authorities and businesses’ joint efforts, positive signs have been spotted in the property market.
For the 2021 - 2025 period, 475 social housing projects with 432,698 apartments for low-income earners and workers of industrial parks have been completed or under construction, according to the Construction Ministry.
Regarding the credit package worth 120 trillion VND (4.9 billion USD) for social and workers’ housing development and old apartment bloc renovation, 23 provinces have announced 54 eligible projects with demand for over 25.88 trillion VND. About 143.3 billion VND in loans has been disbursed for some of those projects so far, statistics show./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
