The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.
Fitch Solutions have revised up its 2020 real GDP growth forecast for Việt Nam slightly to 3.0 per cent, from 2.8 per cent previously.
Firms in Việt Nam, like others across the world, have been suffered negative impacts due to the pandemic, with many bankrupt, dissolved, suspended or downsized.
Foreign investment commitments to Việt Nam in the first half of this year decreased 15.1 per cent year-on-year to US$15.67 billion, a report from the Ministry of Planning and Investment's Foreign Investment Agency has shown.
The property industry in HCM City, and in fact the country in general, faces several problems that need urgent solutions, especially with regard to legal provisions.