Many localities want to expand high-tech industrial parks to resolve the overload of existing parks and simultaneously welcome new high-quality capital.

Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.

With Vietnamese goods making up only 2.7% and 3.3% in Japan and the Republic of Korea, respectively, there remains a wealth of opportunities open for Vietnamese exports to enter these promising markets, according to the Ministry of Industry and Trade (MoIT).

Although a new decree will allow the issuing of ownership certificates to condotels, experts say the regulations will still be inadequate and need to be supplemented in the near future to create a good enough legal corridor for the thousands of condotels in the market.

More than 110.6 trillion VND (US$4.7 billion) of public investment was disbursed in the first four months of this year.

The government has again proposed a policy to tax owners on second properties in a draft law submitted to the National Assembly.

Retail spaces in HCMC’s shopping centers have mostly been filled in Q1 while street-front houses continue to stay empty, according to industry insiders.

The Vietnamese economy will record steady growth of 6.5% this year and 6.6% in 2024, according to a report released on April 26 by the Organization for Economic Co-operation and Development (OECD).

Many property developers are planning asset and stock sales as they look to slash debts, restructure business and stay afloat, which is expected to lead to a surge in M&A deals in the market.

In addition to finding a means to recover the real estate market, Vietnam's current concern is preventing hazards to the banking and financial systems.

Dr. Can Van Luc, a member of the National Financial and Monetary Policy Advisory Council, gave his view on the real estate sector during the VIR-held seminar "Untangling Real Estate: Promoting Growth" on April 19.