Aiming for an annual growth target of 8% in 2025 and double-digit growth in the following years, the private economy, including the real estate sector, has received great attention from the Government.
Accordingly, prioritizing capital sources and promoting rapid disbursement for investment in large infrastructure projects across the country is a typical example; or focusing on resolving more than thousands of projects with problems in the implementation process.
In particular, entering the 4th day of the country's reform of the organization of development space and merger of provinces/cities, now the planning problem and development strategy of 34 provinces and cities instead of 63 provinces and cities as before in the new development space of the whole country will create great opportunities and challenges intertwined for investors and businesses.
At the "Real estate investment forum in the new era" organized by TheLEADER Electronic Magazine, economic expert, Associate Professor, Dr. Tran Dinh Thien said that the Vietnamese real estate market is facing a turning point.
Mr. Thien commented that upcoming economic growth is likely to aim at double digits, or double the current level. In that context, the real estate market will certainly explode, but it is difficult to imagine the specific scale and development shape.
The expert emphasized that the process of rearranging administrative units will open up new ways of organizing and developing in the direction of expansion. Not only a geographical space, but also a space of opportunity. Because the advantages and disadvantages of each locality will resonate and affect each other.
Therefore, we need to review and re-measure all development advantages, said Associate Professor, Dr. Tran Dinh Thien.
Meanwhile, Dr. Le Xuan Nghia - Former Vice Chairman of the National Financial Supervision Committee, Director of the Institute for Development Consulting - believes that in the current context, the real estate market is opening up new opportunities with great potential.
According to Dr. Nghia, the policy of merging provinces and cities is a strategic step, promising to create a strong wave of urbanization across the country.
We can expect the formation of modern satellite cities, bustling urban areas, thereby creating a real estate market with new growth momentum - Dr. Le Xuan Nghia emphasized.
According to Mr. Nghia, a series of national key infrastructure projects on high-speed railways, high-speed roads, seaports and many other projects will arouse an unprecedented urbanization trend, not only concentrated in big cities but also spreading to many regions across the country.
With the development of transportation, geographical distance will no longer be a major barrier. Moving between provinces and cities, between residences and workplaces will become fast and convenient, creating a new look for the real estate market.
I expect that this development will gradually bring real estate prices back to their true value, after fluctuations caused by the previous supply shortage, added Dr. Nghia.
According to Mr. Nghia, the Vietnamese real estate market is facing new promising opportunities. To seize these opportunities, businesses need to have a new, flexible, creative mindset and focus on unlocking domestic resources...
