- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
Amid global economic turbulence, the real estate market faces significant risks from bank credit and corporate bonds.
The year 2024 marks a challenging period for real estate businesses, not only in Vietnam but also worldwide.
In the first nine months of 2024, Ho Chi Minh City's real estate market witnessed the establishment of over 1,000 new businesses and recorded 1,600 property transactions, signaling a positive recovery trend.
When the real estate sector enters a recession cycle, businesses in the industry face significant challenges.
Dr. Tran Xuan Luong believes that real estate businesses that lack resources and strategy will certainly struggle to survive in the current competitive environment.
Financial revenue in the second quarter of 2024 has been an important bright spot, helping many real estate businesses maintain positive profits despite challenges from their core business activities, contributing to their financial stability.
Resort real estate can overcome the "dark zone" by enhancing customer experience, maintaining and upgrading infrastructure, developing diverse amenities, and implementing effective marketing strategies.
This information was presented at the seminar "Rental real estate business: Legal and practical issues" organized by the Vietnam Lawyers Journal on July 5 in Hanoi.
The Ministry of Construction (MoC) has proposed controlling the bond issuance activities of real estate enterprises but not tightening investment in real estate bonds, Nguyen Manh Khoi, Deputy Director of MoC's Housing and Market Management Department, said at the monthly press conference held on June 13.
In the first nine months of 2024, Vietnam's real estate market has shown positive signs of recovery, with several companies recording impressive profit margins.
Thaigroup Corporation has recently announced the appointment of Ms. Bui Thai Ly as the CEO, effective from June 12, 2024.