The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.
Figures from the Ministry of Construction showed the country would have a cement output of more than 100 million tonnes this year while local consumption was forecast at 67 million tonnes.
Giant property developer Novaland Group on Friday has cooperated with a number of prestigious distribution agents to bring better services and information about its projects to customers around the country.
The HCM City People’s Committee chairman Nguyen Thanh Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.
Experts believe the State''s issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Viet Nam’s real estate market.
A number of provinces across the country are calling for investment in key real estate projects, attracting the attention of real estate businesses with strong capacity.
The Ministry of Natural Resources and Environment (MoNRE) has sent a document to local departments to regulate the use and certification of non-residential real estate projects.
Foreign direct investment (FDI) in real estate business in Viet Nam reached $806.5 million, accounting for 11.3 per cent of the total FDI, according to the General Statistics Office.
Transport and Industry Development Investment Joint Stock Company (Tracodi) has targeted a revenue of VND1.15 trillion (US$50.44 million) and an after-tax profit of VND77.1 billion in 2018.