Vietnam’s property market, including the industrial, residential and office segments, saw vibrant merger and acquisition activities in the first seven months as companies pour big bucks into potential projects.

 The project covers an area of 1,000ha.

The desire to have a second home in a holiday destination within driving distance as tourism booms post-pandemic, as well as the potential for capital appreciation along with good rental yields, are vital factors driving the vacation home segment globally. Việt Nam is no exception.

Leading property developers have called on the government to fast-track approvals and ease restrictions that are stymieing the industry’s growth.

Property companies’ bond issuances were down 26 percent year-on-year in the first half of this year to VND42.6 trillion (US$1.82 billion) following the government’s orders to monitor them closely.

The HCM City apartment market went through a supply boom in the second quarter of 2022 compared to a lacklustre first quarter, and is expected to completely recover from by 2023, according to global real estate consultancy CBRE Việt Nam.

Insurance companies will not be allowed to invest in real estate starting Jan. 1, according to the latest changes in the insurance law that legislators have voted on.

Lack of capital, speculation and legal and liquidity issues are challenges the real estate market will face in the second half of 2022, experts have warned.

In the controversy over limited-term apartment ownership, some experts see positives and say it could change the situation of slum areas and reduce housing prices.

The Ministry of Finance has proposed a regulation be brought in to ensure payments for all real estate transactions are carried out via bank transfers.