Real estate market picking up

The real estate sector has been bustling with a series of positive signs, as some resort projects are reactivated, industrial ones implemented, and new housing supply entering the market. The Government is supporting the development of social housing by updating legal frameworks and offering preferential interest rates. Currently, there are 129 projects of this kind, with a total of 114,934 social housing units under construction. Real estate credit activities are showing a trend of growth month by month with positive developments. Accordingly, in the first four months of the year, Ho Chi Minh City’s realty credit rose by 1.61%, higher than the overall credit growth and accounted for 27% of the total credit balance.

Source: Vietnam News Agency