Before the year is out, Vietnam is on track to welcome its 10 millionth international visitor, a landmark achievement for the country’s tourism industry.
According to Saigon Giai Phong, international arrivals to the country have already surpassed 9 million, a 25.4% year-on-year increase from 2015’s 11-month figure.
Two new preferential loans, unrestricted by scale and deadline, for social housing and cheap commercial housing projects will be provided to low-income earners. The new packages are expected to continue the VND30 trillion housing stimulus package.
The property sector has been the second-highest attracter of foreign direct investment in the first ten months of this year, with 46 projects at an aggregate $982.59 million.
There will be no real estate bubble in HCM City in the last quarter of this year, the HCM City Real Estate Association has assured.
The construction sector grew 8.8 per cent in gross domestic product (GDP) for the first half of this year, the highest growth since 2010, reported the Ministry of Construction during a conference in Ha Noi on Thursday on tasks in the second half of this year.
In spite of worries that the real estate market in Vietnam is revealing imbalances between high- and mid-end accommodation, experts say such concerns are overblown.
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