SBV and representatives from some ministries, credit institutions and businesses will meet online on November 13 to look into the implementation of the Prime Minister’s dispatch on the real estate market.
Many real estate developers are racing against time to put their housing units up for sale and introduce projects for the rest of the year after a property slowdown lasting for months.
Stronger promotion policies are causing capital to flow into real estate, which will help the trickle-down scenario.
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The State Bank of Vietnam (SBV) will step up the information work to further popularise the social housing loan package among the public given its sluggish disbursement.
To create a driving force for recovery, it requires clearing the flow of money into the real estate market.
In the first 8 months of 2023, the average room capacity of the Vietnamese market only reached 40%, nearly 20% lower than the pre-pandemic level.
Despite the global economic slowdown, Vietnam's real estate performance remains robust with significant appeal for foreign manufacturing investors, property services firm Savills said in its Asia Pacific Investment Quarterly Report.
One hundred and six industrial zones were being constructed to supply the market with 35,700ha of land for factories and warehouses.
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Outstanding real estate loans reach $41bln as of end-August
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