Vietnam Real Estate Summit (VRES 2018) will take place in Ho Chi Minh City and Hanoi, respectively. What is the most interesting information brought by the biggest real estate event of the year to investors, experts and real estate companies?
The first notable information that will be discussed at VRES 2018 is related to Vietnam's industrial property sector. In particular, US President Donald Trump has announced the imposition of a 10% tax on the $ 200 billion worth of goods, which will rise to 25% by the beginning of 2019. The statement comes shortly after the decision of imposing a tax of 25% on 50 billion dollars of goods imported from China in September 2018. This escalation of US-China trade war may have a direct and indirect impact on Vietnam market.
In addition to the obvious effects on consumer goods such as textiles and garments, leather and footwear, experts predict the real estate industry, in particular industrial real estate in Vietnam, will see some certain impacts. This may be the shift of big manufacturing companies out of the Chinese market to the neighboring countries including Vietnam.
Vietnam Real Estate Summit - VRES 2017 welcomed 1200 real estate brokers and businesses
The next significant issue is smart urban development in Vietnam. According to According to Dr. Nguyen Tuong Van - Director of the Urban Development Department (under Ministry of Construction), after more than 30 years of economic renovation, the urban system of Vietnam has been developing in both quantity and quality. The country has 813 urban areas with a national urbanization rate of 37.5% (figures of 2017). Rapid urbanization in the whole country is demanding a standard for smart city or 4.0 city to catch up with the urban development of many other countries in the world in the digital era.
With the visible presence of globalization, 2018 is the year witnessed the strong capital inflow of many foreign investors into Vietnam real estate market. According to statistics from the Department of Foreign Investment, in the first half of 2018, foreign direct investment (FDI) in the real estate sector reached $ 5.54 billion, accounting for 27.3% of the total registered investment capital. With this amount of capital, real estate is the second largest destinations, only after the processing industry. And Vietnam is becoming a favorite destination for real estate investors from Singapore, Japan, Korea and China.
Zone for experiencing technologies in real estate industry attracted guests at VRES 2017
However, many real estate developers, brokers and traders have not been able to access much information related to this issue, mainly because information sources in Vietnam have not been completely accessible to the public.
At VRES 2018, other important topics about the domestic real estate market will be revealed, for example "Special Economic Zone and its impact on the real estate market"; "New real estate development models: Great technology urban area, New industrial urban area"; "Development trend of new generation of apartment projects"; "The development of real estate industry in the digital age" ...
Vietnam Real Estate Summit - VRES 2018 is a great opportunity for participants to get an overview of outstanding real estate investment transactions in 2018 by foreign investors; criteria and "taste" of projects that attract foreign investors. The event will be organized by Batdongsan.com.vn in HCMC on December 6 and in Hanoi on December 12.
For more information, please click HERE.