{"id":18236,"date":"2016-07-01T09:57:35","date_gmt":"2016-07-01T02:57:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/exciting-growth-for-the-vietnam-property-market\/"},"modified":"2016-07-01T10:03:37","modified_gmt":"2016-07-01T03:03:37","slug":"exciting-growth-for-the-vietnam-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exciting-growth-for-the-vietnam-property-market\/","title":{"rendered":"Exciting growth for the Vietnam property market"},"content":{"rendered":"


\nAll signs point to a growing year ahead
\nThere\u2019s plenty to smile about in Vietnam. Image Credit: Davidlohr Bueso (Flickr)
\nDespite the devastating weather effects of climate change and China\u2019s decelerating economy, Vietnam\u2019s growth in the property sector appears to be unstoppable this year.
\nThe Vietnam Real Estate Association (VNREA), citing data from the Ministry of Construction, reported that real estate inventories stood at VND44.85 trillion in the first quarter of 2016 \u2014 the strongest showing for real estate liquidity since 2012 \u2014 compared with VND50.89 trillion in the last quarter of 2015.
\nThis finding squares with Jones Lang LaSalle\u2019s latest quarterly report, which shows that real estate is the second-most attractive sector for foreign direct investors in Vietnam. A total of USD240 million in FDI capital, spread across 11 real estate projects, were deployed to Vietnam in the first quarter of this year.
\nVietnam\u2019s GDP growth slowed down from 6.1 percent in the first quarter of 2015 to 5.5 percent over the same period in 2016. The effects of global warming factored prominently into this decline, JLL researchers suggested.
\nMore: What the foreseeable future holds for Vietnam\u2019s property sector
\nDomestic production has fallen due to the worst drought to hit the Mekong Delta in almost a century. The agriculturally rich area has also suffered from saltwater intrusion.
\nEarlier this year, a record cold spell had struck the country\u2019s northerly climes.
\nEven so, the Vietnamese government is rising up to the challenge of an economic growth rate of 6.7 percent by year\u2019s end. This could happen despite the ongoing economic slowdown in China, traditionally viewed as Vietnam\u2019s biggest trading partner.
\nVietnam\u2019s imports from China suffered an 8 percent year-on-year decline to USD10.4 billion, JLL reported.
\nJapanese developers are leading the charge in disbursing FDI in property across Vietnam. This week, real estate developer and railroad operator Tokyu came forward with plans to develop a 30,000 sqm site for 9,000 homes in Binh Duong province, per Nikkei.
\nSouth Korea was the biggest overall foreign investor in Vietnam last quarter, however, funnelling USD513 million in capital or 18.7 percent of the country\u2019s total FDI.
\nJLL recorded 9,720 newly launched apartment units in Ho Chi Minh City, a 63 percent year-on-year growth, while new supply in Hanoi amounted to 9,900 units.
\nRead next: Vietnam Property Awards 2016: the complete winners list
\n
\nSource : property-report.com
\nRead more…Exciting growth for the Vietnam property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

All signs point to a growing year ahead There\u2019s plenty to smile about in Vietnam....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18236","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4K8","jetpack-related-posts":[{"id":15140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-vietnams-property-sector-getting-too-hot-for-its-governments-comfort\/","url_meta":{"origin":18236,"position":0},"title":"Is Vietnam\u2019s property sector getting too hot for its government\u2019s comfort?","date":"June 2, 2016","format":false,"excerpt":"\r Vietnam set to subdue real estate lending in 2017\u00a0 Ho Chi Minh City Fearful of an overheating property sector, the State Bank of Vietnam last week issued a circular detailing more restrictive guidelines on real estate lending. Starting 1 January 2017, the central bank will rein in commercial institutions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danang-ascending-vietnams-third-largest-city-takes-the-spotlight\/","url_meta":{"origin":18236,"position":1},"title":"Danang, ascending: Vietnam\u2019s third largest city takes the spotlight","date":"July 25, 2016","format":false,"excerpt":"\r Last year\u2019s introduction of the new law on housing and real estate has increased foreign investments Night falls on a promenade by the H\u00e0n River in Danang. Image credit: wegodi bookinghotel (Flickr) Danang, the third largest city in Vietnam after Hanoi and Ho Chi Minh City, is becoming of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2843,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2016-will-be-a-solid-year-for-vietnam-real-estate-insiders-predict\/","url_meta":{"origin":18236,"position":2},"title":"2016 will be a solid year for Vietnam real estate, insiders predict","date":"January 27, 2016","format":false,"excerpt":"\r On the path to full recovery, Vietnam is set to perform very well this year With its steady economic growth at almost 7 percent in 2016, Vietnam is considered one of the fastest-growing markets in the world, reports Bloomberg. According to the report, soaring domestic demand and rising foreign\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Vietnam.png?fit=740%2C492&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":30461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vietnam-real-estate-finishes-strong-in-september\/","url_meta":{"origin":18236,"position":3},"title":"Vietnam real estate finishes strong in September","date":"October 18, 2016","format":false,"excerpt":"\r Despite natural, ecological disasters this year Phu My bridge over the Saigon River in Ho Chi Minh City, Vietnam. Le Tu \/ Shutterstock.com With construction occurring everywhere from Hanoi to Ho Chi Minh City, Vietnam finished the first nine months of the year strong with USD1 billion in foreign\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fdi-in-vietnam-real-estate-has-dropped-by-half-this-year\/","url_meta":{"origin":18236,"position":4},"title":"FDI in Vietnam real estate has dropped by half this year","date":"November 2, 2016","format":false,"excerpt":"\r South Korea still number one investor Sunset over Ho Chi Minh City in Vietnam. TonyNg \/ Shutterstock.com Foreign direct investment (FDI) in Vietnamese real estate has not been as voluminous as last year, according to Vietnamnet Bridge. The total amount of newly registered and expanded capital inflows to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trade-between-uae-and-vietnam-set-for-further-growth\/","url_meta":{"origin":18236,"position":5},"title":"Trade between UAE and Vietnam set for further growth","date":"April 18, 2016","format":false,"excerpt":"\r \r Trade with Vietnam is expected to expand further this year as visitors from the country surge. 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