Topic: market

According to Batdongsan.com.vn, demand to buy all types of real estate fell sharply in September, with the number of searches for land plots nationwide down by 50 per cent compared to March, apartments by 9 per cent, private houses by 25 per cent, and villas by 12 per cent. The market will continue to face many challenges. Prices are forecast to remain unchanged, while developers will boost sales policies to support and attract buyers.

The Ministry of Transport (MoT) has issued an Official Letter requesting that its departments flexibly and effectively use tools and measures to control freight rates in accordance with the law on prices, to stabilize the market.

With impressive growth posted in the third quarter, United Overseas Bank (UOB) has raised its growth forecast for Vietnam in 2022 to 8.2 per cent; significantly higher than its previous forecast of 7 per cent. UOB believes that, in 2023, Vietnam’s economy will be affected to a certain degree in the context of demand in main markets continuing to slow down. Growth next year is therefore expected to be 6.6 per cent.

Cushman & Wakefield believe that, compared to Indonesia, Malaysia, and the Philippines, the price of industrial land in Vietnam is still relatively low. Along with other factors such as a stable macroeconomic situation, low inflation, and advantages in infrastructure and transportation, Vietnam therefore has the potential to become a leading industrial center in the region.

Figures from the General Department of Vietnam Customs show that export turnover of Vietnamese goods to the Chinese market reached more than $35.6 billion in the first eight months of 2022, up 6.7 per cent year-on-year. According to the Ministry of Industry and Trade, Vietnam still has a lot of opportunities to exploit the Chinese market. China is currently Vietnam’s second-largest export market, after the US, while Vietnam is China’s largest trading partner in ASEAN.

According to a report from Allied Market Research, Vietnam’s express delivery market reached $710 million in 2021 and is forecast to grow to $4.88 billion by 2030. The compound annual growth rate (CAGR) is expected to be 24.1 per cent in the 2022-2030 period. The report said the fast-growing e-commerce sector, the rise in B2C delivery, and the rapid growth in international trade services are factors driving market growth.

FiinRatings released a report on September 20 assessing the impact of Decree No. 65/2022/ND-CP, which amends and supplements a number of articles in Decree No. 153/2020/ND-CP on offering and trading corporate bonds issued privately in the domestic market and offering corporate bonds in the international market. According to analysts, after Decree No. 65 is issued, corporate bond issuances will develop in a more healthy manner.

The recovery of the tourism sector is driving greater expectations surrounding resort real estate. However, according to a DKRA report, resort real estate will be influenced by the gloomy nature of the country’s real estate market as capital becomes more limited than previously.

Tourism is recovering, making resort real estate expectations more vibrant. However, according to DKRA's report, resort real estate (tourism) also follows the gloomy "wave" of the real estate market when the capital for this field is more limited than before.

At an investment seminar with the topic “Transforming yourself with the market”, held on September 16, analysts said securities remain an attractive investment channel. As of the end of the second quarter of this year, there was about VND70 trillion ($2.95 billion) in cash lying idle in securities accounts, with investors waiting for favorable opportunities to return to the market.