VIETNAM INVESTMENT NEWS

The openness in policies, the explosion in the number of golfers, and the trend of resorting and enjoying high-class services have created an impetus for golf real estate to develop rapidly and become an investment channel for the market.

Many international visitors are spending their leisure time in Ho Chi Minh City during the ongoing four-day public holiday, when Vietnamese people are celebrating National Day (September 2).

Many provinces in the Mekong Delta are seeing an uptick in new apartment projects, facilitated by a rise in housing demand and traffic infrastructure development.

Construction of Ho Chi Minh City’s Ring Road 3 is expected to start in June 2023, with completion scheduled after three years, according to a Government resolution on the implementation of the project.

The real estate market in Vietnam is undergoing somewhat of a restructure and now is being considered an ideal time for foreign businesses to find opportunities for mergers and acquisitions with the domestic sector – while domestic enterprises are also more open to investment to relieve pressure.

Prices of new apartments in HCMC jumped by 8-15 percent in the second quarter but the secondary market slumped.