Seminar highlights opportunities in real estate market
08:48, 2014/09/13
Representatives from over 50 Indian real estate agencies gathered at a seminar in Hanoi on September 12 to brush up their knowledge of the Vietnamese real estate market and learn about investment opportunities.
Speaking at the seminar, Tran Ngoc Quang, General Secretary of the Vietnam Real Estate Association said Vietnam has great potentiality in the housing market and real estate infrastructure in the tourism industry.
Vietnam Chamber of Commerce and Industry Vice President Doan Duy Khuong in turn said the biggest drawback for the Vietnamese real estate market is the lingering unresolved bad debts situation.
However, the market is seeing signs of recovery thanks to the government’s support in boosting administrative reforms, applying one-stop shop mechanism, Khuong said.
William P.Badger Jr, a representative from CBRE Vietnam spoke about attractive real estate investment opportunities in the fields of oil and gas, steel, mineral resources and tea.
VCCI official statistics show Indian businesses have invested US$254 million in 77 real estate infrastructure projects in Vietnam with a focus on the manufacturing and mineral exploration industries.
India is one of Vietnam’s top ten trade partners with bilateral turnover reaching US$5.2 billion in 2013, up over 30% from 2012. Vietnam’s key Indian exports include mobile phones, computers, electronics and components, coal, rubber, ores, plastics, chemicals and pepper.
Vietnam’s imports from India are cattle feed, pharmaceuticals, machinery, equipment, and materials for production.
However, the market is seeing signs of recovery thanks to the government’s support in boosting administrative reforms, applying one-stop shop mechanism, Khuong said.
William P.Badger Jr, a representative from CBRE Vietnam spoke about attractive real estate investment opportunities in the fields of oil and gas, steel, mineral resources and tea.
VCCI official statistics show Indian businesses have invested US$254 million in 77 real estate infrastructure projects in Vietnam with a focus on the manufacturing and mineral exploration industries.
India is one of Vietnam’s top ten trade partners with bilateral turnover reaching US$5.2 billion in 2013, up over 30% from 2012. Vietnam’s key Indian exports include mobile phones, computers, electronics and components, coal, rubber, ores, plastics, chemicals and pepper.
Vietnam’s imports from India are cattle feed, pharmaceuticals, machinery, equipment, and materials for production.
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