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.
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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.
There is an abundant supply of housing, prices are steady, lending to developers and home buyers is increasing, and bad debts are low, according to a quarterly report issued by the Ministry of Construction in September.
A seminar on urban planning took place in Can Tho City on 15 September, and a number of experts from Vietnamese localities and Ile-de-France region of France attended.