Over $15.29 billion was channelled into 2,608 new foreign direct investment (FDI) projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.

Industrial property will continue to thrive and the apartment segment’s recovery will gather pace in the remaining months of this year thanks to growing demand, analysts have said.

Vietnam's industrial real estate sector has shown remarkable signs of growth in the third quarter of 2023, with substantial new project launches contributing significantly to the market.

Time-consuming investment procedures and lack of attractive incentives for developing social housing are preventing the segment from developing strongly despite great demand.

Bavina Real Estate Co.,Ltd's members have worked with the developers and investment funds

The property market has overcome its most difficult period and will recover from early 2024, analysts concur.

A number of large enterprises from the South Korea are continuing to pour investment into Vietnam, turning the Southeast Asian country into their leading manufacturing hub in the world.

President Joe Biden has reaffirmed that the US places importance on its relations with Vietnam and supports a strong, independent, self-reliant and prosperous Vietnam.

The upgrade of the bilateral relationship to a comprehensive strategic partnership between Vietnam and the United States is expected to create unprecedented opportunities to promote new cooperative fields, according to insiders.

SkyWorld Development Berhad, Malaysia's premier urban property developer, on September 7 made a noteworthy inroad into the Vietnamese real estate sector by securing full ownership of Thuan Thanh Production, Commercial and Real Estate Business JSC

Ho Chi Minh City has not seen any new affordable apartment projects enter the market this year either as mid- and high-priced segments continued to dominate.

Continuous interest rate cuts and support policies are gradually proving effective, helping ease difficulties facing the real estate market, experts have said.