The real estate inventories increased significantly in the four quarter of 2020 over a year ago because many projects were in stagnant progress due to the impact of the COVID-19 pandemic, legal bottlenecks and limited financial capacity of the developers.
Real estate inventories were estimated at VND25.7 trillion (US$1.13 billion) at the end of November, according to the Housing and Real Estate Market Management Department under the Ministry of Construction.