Industrial land rent on the up thanks to Vietnam's post-Covid ...
Industrial parks in southern Vietnam saw a 9 percent increase in average land rent prices in the first quarter compared to the same period last year.
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This is the first time Vinhomes, and its parent company Vingroup, invested in low-cost social housing.
Foreign investors pledged to pour over $2.8 billion in real estate sector in the first four months this year, accounting for 30.3 percent of the total foreign direct investment inflows.
Sales of new apartments in Ho Chi Minh City plunged 68 percent quarter-on-quarter to 1,385 units in the first quarter, the lowest in a year.
Industrial parks in southern Vietnam saw a 9 percent increase in average land rent prices in the first quarter compared to the same period last year.
With recent crackdowns on real estate and securities firms, the government has proved a strong determination to put the real estate market on a sustainable growth trajectory.
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