Ms. Duong Thuy Dung, Senior Director of the Valuation, Research, and Consulting Department at CBRE Vietnam, said that more than 50 per cent of investors have problems with loans for real estate investment. If they continue to borrow, the cost will increase greatly. They want to sell but are unable to do so. If credit is not loosened by 2023, the real estate market will see a sell-off and prices will fall.
To attract investors and develop the socio-economy, northern Bac Giang province has proposed investment in a series of transport infrastructure projects, such as Hanoi’s Ring Road No. 5 and an inland port and logistics center to leverage the potential of international rail transit.
While paying an official visit to Hungary, National Assembly (NA) Chairman Vuong Dinh Hue visited the Mirelite Mirsa Company on June 26, which specializes in processing frozen agricultural products. He welcomed the company’s wish to invest in and cooperate in developing Vietnam’s food processing industry, and said the country has many preferential mechanisms and policies for agricultural investments.
Addressing the Da Nang Investment Forum 2022 on June 26, Prime Minister Pham Minh Chinh affirmed that the Vietnamese Government is committed to building a fair and transparent investment environment so that every business has the opportunity to succeed. He suggested six key areas that businesses should invest in in the central city: information technology; climate change prevention; green energy; supply chains; industrial infrastructure and urban infrastructure; and capital markets.
The revised Law on Insurance Business, passed by the National Assembly (NA) on June 16 and effective from January 1, 2023, stipulates that insurance companies are not permitted to invest in real estate business, except by buying shares in real estate enterprises listed on the stock market.