31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Real estate
Vietnam among top advancers in Global Real Estate Transparency Index
Linh Pham 16:03, 2020/09/03
Vietnam’s rise in global real estate transparency is thanks to its regulatory reforms and sustainability initiatives.

Vietnam has been ranked among the fastest climbers in the 2020 Global Real Estate Transparency Index by JLL, moving to the ‘Semi-Transparent’ tier for the first time.

 Vietnam has gained popularity in the global real estate market. Photo: Phung Huynh Vu Qui/Getty Images

Vietnam’s advancement is thanks to its regulatory reforms, enhanced market data, and sustainability initiatives, according to the report by JLL, a property consultancy company specializing in property services and investment management.

Vietnam has made further progress on the regulatory front with government bodies tightening their oversight to ensure rules and regulations being adhered to in areas such as land-use planning and lending standards.

The country’s strong economic prospects have drawn significant interest from both occupiers and investors, leading to increased competition and service offerings from property management companies.

Following on from steady advances made over the last two surveys, these changes have helped to push Vietnam into the ‘Semi-Transparent’ tier.

Top transparency improvers in 2018-2020 by JLL. Chart: JLL

Holding the 56th place , Vietnam’s ranking is largely contributed by the southern metropolis of Ho Chi Minh City. It has made further progress on regulatory enforcement and the improvements have enabled the city to be selected to the ‘Transparent’ tier.

Top improvers are concentrated in South and Southeast Asia including Thailand, Vietnam, the Philippines, and Indonesia.

These countries have made steady improvements in recent years, but need to address issues around corporate governance and regulatory enforcement if they are to progress into the ‘Transparent’ tier, JLL said in the report.

According to JLL's Chief Executive Officer Christian Ulbrich, the 2020 Index is launched at a time of massive economic and societal disruption, the pandemic has brought the issues of transparency and trust into even sharper focus as governments, businesses and communities grapple with the impacts of Covid-19.

TAG: Top improver global real estate transparency index ranking JLL
Other news
17:34, 2022/34/05
Hanoi to develop five social housing projects
The city would continue to explore opportunities to build new social housing projects to meet growing public demand.
08:57, 2022/57/03
Apartment prices in Hanoi are at a record high
The supply of budget apartments in Hanoi stood at the lowest level in the past five years.
21:20, 2022/20/01
Businesses commit to building social housing projects for low-income earners
The Vietnamese Government has called on the business community to develop social housing projects and make suggestions to remove difficulties and obstacles in the implementation of projects.
14:16, 2022/16/27
Private equity funds seek Vietnam’s real estate M&A deals
Office, industrial, and project development land account for 39%, 35%, and 26% of the total invested capital in Vietnam, respectively, in the first six months of 2022.
15:05, 2022/05/20
Hanoi needs favorable policies to promote social housing projects
The city expects to build another 44 million square meters of floors in the 2021-2025 period to meet the growing demand for housing from the locals.
17:00, 2022/00/08
Hanoi anticipates US$38 billion for housing development in 2021-2030
In the next ten years, Hanoi would allocate 1,868 hectares for housing development, partly accommodating laborers in industrial parks.