Published Nov 2021
Vietnam Real Estate Report 2021
In Mar 2021, Real Estate Industry Report was published by VietnamCredit, providing the general information about Vietnam's economic situation, overview of the real estate industry and key ratios in 2020. Especially, ten outstanding enterprises in real estate industry based on company scale, credit rating and business performance in 2020 were selected by VietnamCredit and presented in the report.
Executive Summary
In Mar 2021, Real Estate Industry Report was published by VietnamCredit, providing the general information about Vietnam's economic situation, overview of the real estate industry and key ratios in 2020. Especially, ten outstanding enterprises in real estate industry based on company scale, credit rating and business performance in 2020 were selected by VietnamCredit and presented in the report.
The outbreak of Covid-19 pandemic posed adverse impact on real estate market in first months of 2020. There was a sign of recovery in latest months but it was not actually significant. Among real estate products, tourism real estate seemed to be most vulner- able to unfavorable market conditions. Meanwhile, industrial real estate benefited from relocating production from foreign countries. In Ho Chi Minh market, the short- age of affordable houses evoked impediments for low – income consumers. In Ha Noi market, the absorption rate for residential real estate was about half of the supplies.
According to real estate experts, real estate market is expected to bounce back in upcoming time. Vietnam consistently obtains government’s dual goals of pandemic prevention and economic recovery. Therefore, the growth of macro – economics fac- tors are quite stable. Although there are concerns about "Real Estate Bubble in the market", the likelihood of this scenario is low. In spite of high price, real estate is still an attractive investment channel in the current economic and social context.
Table of Contents
1. Vietnam Economic Situation
1.1. Economic Growth
1.2. Trade and Prices
1.3. Realized Capital, State Budget Revenue and Expenditure 1.4. Imports and Exports
1.5. Establishment and dissolution of enterprises
2. Vietnam Real Estate Industry
2.1. Vietnam Real Estate industry Overview
2.2. Ho Chi Minh Real Estate market
2.3. Ha Noi Real Estate market
2.4. Opportunities, Challenges and Industry Forecasts
2.5. Key financial indicators in Vietnam Real Estate Industry 2.6. Real Estate Industry Average Financial Ratios 2020