Monday, December 23, 2024 9:10:11 AM - Markets open
VN-INDEX 1,257.50 0.00/0.00%
HNX-INDEX 227.73 +0.66/+0.29%
UPCOM-INDEX 93.55 +0.16/+0.17%
Real estate sector advised to reduce dependence on bank credit
vietnamplus.vn - 5/29/2019 11:06:04 AM
 (0 ratings. You must sign in to rate.)
The real estate market has slowed in the first months of 2019, which experts attributed to limited bank credit sources for the market.
 
According to President of the Vietnam National Real Estate Association (VNREA) Nguyen Tran Nam, credit for the real estate sector has been tightened and is getting tighter.
 
Credit growth in the sector has reduced from 18 percent in 2016 to only 5 percent in 2018.
 
Nam said the diminishing credit flow into the real estate sector has greatly affected the operation of the market, as most capital is sourced from banks.
 
Le Hoang Chau, head of the Ho Chi Minh City Real Estate Association suggested real estate firms ensure business efficiency and prepare land stock, while focusing on the quality and progress of their projects as well as transparency in management.
 
Businesses should find prestigious and competent foreign firms and investment funds to work with, he added.
 
According to Chau, less dependence on credit loans is also a chance for the sector to restructure. Businesses should reform their capital sources for sustainable and transparent development, he advised.
 
Nguyen Van Duc, Vice Director of Dat Lanh company, said enterprises can seek other sources of capital via merger and acquisition deals or share issuance.-VNA 
 
Read original article here
 
Newer News
13/12 1,200 apartments in two projects in Hanoi open for purchase by foreign nationals
10/12 Vietnam sees 2.6 per cent decline in new real estate firms in 11 months
07/12 Real estate investment shifting southward
06/12 Vietnam's housing prices rise almost 60% in five years
06/12 Hanoi to add over 15,500 affordable housing units by 2025
06/12 Market surges with strong increase in liquidity
05/12 Home loans forecast to become main driver for consumer credit
02/12 Taxes on second property require cautious, balanced approach
29/11 Experts warn of oversupply while land prices appear to be rising
27/11 Vietnam’s real estate market among most promising in Asia-Pacific: Knight Frank
Older News
23/05 Spectrum of opinion on credit moves
17/05 Property market still attractive in medium, long terms: forum
14/05 HCM City: 46.8 percent of FDI goes to property sector
13/05 Vietnam’s real estate market likely to stay stagnant this year
03/05 Real estate at the heart of economy
27/04 HoREA offers proposals to help real estate firms access long-term bank loans
26/04 The Zei – one of Hanoi's most wanted projects launched
19/04 Domestic property market stable in Q1
18/04 VN property market unlikely to see big dip, says Savills global chief
12/04 Savills Group CEO: HCM City – a promising market in real estate
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 9:04:59 AM
VN-INDEX 1,257.50 0.00/0.00%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.