Hanoi (VNA) – The InternationalReal Estate Conference (IREC) 2018 opened in Hanoi on September 6 under thetheme “Vietnam: A World of Opportunities”.
Addressing over 300 international guests andthousands of Vietnamese delegates, Minister of Construction Pham Hong Ha saidthe recent growth of the property market has actively contributed to the fastand sustainable development of Vietnam.
He noted that the Vietnamese Government highlyvalues the active role and efforts of domestic and foreign businesses in thecountry’s property market.
IREC 2018 is a chance to promote investment,share experience, and boost partnership between Vietnamese developers and foreignpartners. It is also a good occasion to introduce the development potential ofVietnam, and in particular its real estate sector, to others, Ha added.
Vice Chairman of the Hanoi People’s CommitteeNguyen The Hung said the capital city has the most vibrant property market inVietnam. In the coming time, aside from developing the transport network,infrastructure, and new residential areas in a concerted way, Hanoi authoritieswill also step up the upgrade of inner areas and expanding new areas to turn thecapital into a ‘livable city’.
Therefore, Hanoi requires many resources,including relevant experience exchanges, for development investment in order tobecome a magnet for domestic and foreign property investors, he said.
Deputy Minister of Construction Nguyen Van Sinhsaid that although the local real estate market is still young, it has recordedmany positive developments, giving a facelift to cities and improving people’sliving standards.
In the housing sector, more than 70 million sq.mof floor space has been developed each year since 1999. The country has about2.1 billion sq.m of housing at present, raising the per capita floor area from9.7 square metres in 1999 to 23.7 square metres in June 2018.
The official said that in the medium and longterm, Vietnam will become an attractive destination for real estate investmentand business because the demand for housing, industrial park infrastructure,shopping malls, and tourism property is still very big.
IREC 2018 will last until September 7 at theNational Convention Centre and the National Exhibition Construction Centre. Itsactivities include a meeting of global real estate associations, forums ondevelopment trends of the world’s property market, investment promotion events,and the Vietbuild international exhibition. –VNA
The Prime Minister’s approval of a proposal on Vietnam’s smart city development to 2025 with a vision to 2030 will strongly affect the market and form a smart property trend, held experts at a conference in Ho Chi Minh City on August 11.
As many as 200 foreign delegates – including heads of the world’s leading real estate associations, developers, and speakers – and nearly 1,000 domestic officials, economists, and enterprises, have registered to join the International Real Estate Conference 2018 that will take place in Hanoi from September 5-7.
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During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
At the event (Photo: VNA) 
