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Hanoi (VNA) – Strong demand will ensure stable absorption of office space in Hanoi in the second half of 2022, according to real estate services firms CBRE.

Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.

Vietnam jumped four places to rank 56th globally, according to the Global Real Estate Transparency Index by JLL and LaSalle Investment Management, amid improving building standards across Asia.

Foreign direct investment (FDI) in Vietnam continuously increased in the first half of this year, especially in the real estate sector that attracted 3.15 billion USD, making up 22.5 percent of the total registered capital.

The State Bank of Vietnam (SBV) has been working to regulate liquidity in order to stabilise the monetary market given global economic uncertainties and geopolitical tensions, and control inflation and stand ready to ensure capital for economic recovery and development, its Deputy Governor Dao Minh Tu said on July 12.

On April 29th, 2022, at the 3rd floor of N01-T4 Building, Diplomatic Corps Urban, Xuan Tao ward, Bac Tu Liem district, Hanoi city, Orient Success International Investment JSC., (OSI Holdings), Song Nhue Asset Management JSC., and Dai Nam Tien Construction Investment JSC.

On April 15th, 2022, at the 3rd floor of N01-T4 Building, Diplomatic Corps Urban Area, Xuan Tao Ward, Bac Tu Liem District, Hanoi, Orient Success International Investment JSC(OSI Holdings) and Daewoo Engineering & Construction Co., Ltd., (Daewoo E&C) held a strategic cooperation signing ceremony to cooperate, research and develop projects in Duy Hai commune, Duy Xuyen district, Quang Nam province

Facing the increasingly complicated developments of the COVID-19 epidemic in Hanoi, the demand for protective equipment such as protective gear, masks, medical supplies and equipment, etc., has increased, even exceeded the level. necessary, leading to a shortage of protective medical equipment in hospitals, medical facilities, and isolation areas.

On December 31, 2021, at the 3rd floor of N01T4 building, Ngoai Giao Doan, Xuan Tao Ward, Bac Tu Liem District, Hanoi, Orient Success International Investment JSC., (OSI Holdings) and Dai Nam Tien Construction Investment JSC.,(Dai Nam Tien) signed a strategic cooperation MoU to deploy the development of a high-class office building project in Starlake – Tay Ho Tay urban area.

On 17Dec 2021, Orient Success International Investment JSC (OSI Holdings) and Hyundai E&C Vina Co., Ltd (HYUNDAI) signed the Memorandum of Understanding in order to establish and promote a strategic and cooperative partnership with each other.

n top of the capable handling of COVID-19, the FDI inflow to Vietnam will provide an impetus to the real estate market in the time ahead, according to a leader of the Vietnam Chamber of Commerce and Industry (VCCI).

The country’s real estate market has seen positive signs for recovery following the economic reopening, experts said.