The quick recovery of Ho Chi Minh City in 2022 after the 4th Covid-19 pandemic outbreak has formed a strong foundation to complete its 5-year plan from 2020 and to maintain its leading position in the national socio-economic development.
Many experts believe that the real estate market has many opportunities for growth, but before that happens there is an urgent need to untie many knots that are proving to be obstacles in its path to further development.
Vietnam could face many new challenges in 2023, although experts believe that despite adverse effects from the outside, the Vietnamese economy has remained rather resilient so far.
Generation Z young people aspire to own a business, and make money from content shared online; therefore, they are more confident about their finance and better prepared to learn how to invest at an early age compared to many previous generations. However, they are good at making good money and spending it well which seems to be the way of life of a part of modern young people in Ho Chi Minh City.
The VN Index is ranked among the group of stocks with the strongest decline in the world of 42 percent since the beginning of the year. However, besides plummeting at some sessions, the VN Index is also unbelievably gaining in some sessions as well.
Digital transformation is no longer an option but a mandatory trend for real estate enterprises to overcome difficulties and contribute to promoting the formation of a healthy, transparent, and sustainable market.
The merchandise amount to stabilize the Ho Chi Minh City market during the month of Quy Mao Tet holiday 2023 is estimated to satisfy 25-43 percent of the community’s demands. This is the information delivered by Deputy Director of the HCMC Department of Industry and Trade Le Huynh Minh in yesterday’s October summary meeting for socio-economic-medical tasks in the city.
From the end of this year onwards, real estate businesses will face a worrisome period due to cash flow shortages as corporate bonds will begin to mature. This will be in sharp contrast to the enthusiasm with which these businesses raced with each other to issue bonds in the years 2019 until 2021.
Coffee and tea chains no longer have it as easy as they did before the pandemic. However, giants in the fields of real estate, retail, and FMCG keep entering the industry, according to insiders.
The Ho Chi Minh City Real Estate Association (HoREA) presented four vital documents to the People's Committee of Ho Chi Minh City between March 15 and July 17.
As securities and real estate sectors are not on the list to receive support, the 2 percent interest rate support package's positive effects on the stock market are not strong.
Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC).
Several banks claim successful management of cash flow in risk areas, particularly in real estate, while companies dealing in real estate continue to depend heavily on banks for credit source.
In the early days of May 2022, many banks have raised their savings interest rates by about 0.1 percent-0.5 percent per year compared to April, especially online savings rates have increased by up to 0.7 percent per annum.
Stock investors must always be prepared to brace themselves for a volley of all sorts of rumors in the current environment prevailing in the stock exchanges.
