18:03 (GMT +7) - Tuesday 25/09/2018

Property

Hanoi hosts international real estate conference

Released at: 15:44, 06/09/2018

Hanoi hosts international real estate conference

Photo: Ngoc Lan

Latest trends on agenda at International Real Estate Conference 2018 from September 6 to 8.

by Ngoc Lan

Along with strong development and deep international integration over the past decade, Vietnam’s real estate market has also made significant progress in becoming more transparent and sustainable, Minister of Construction Pham Hong Ha told the International Real Estate Conference 2018 (IREC) on September 6 in Hanoi.

The IREC will span three days and be attended by organizations, associations and the real estate business community from 19 countries and territories.

Businesses and real estate experts from different countries will discuss and share experiences on current real estate development trends, such as building green cities, the role of Industry 4.0 in the sector, and the sector’s sustainable development. Domestic and international investors can also meet and exchange opportunities for cooperation.

Minister Ha affirmed that the development of the real estate market in recent years has made a positive contribution to the rapid and sustainable development of Vietnam’s economy and social security, contributing significantly to industrialization and modernization and the implementation of the National Strategy on Housing and Real Estate Market in the fields of urban development, tourism, green growth, and others. “At the same time, it contributes to the strong development of financial, securities, labor and service markets and many related industries, such as construction and building materials,” he added.

US Ambassador to Vietnam, H.E. Dan Kritenbrink, said that many US businesses have a range of business opportunities in Vietnam so there should be a level playing field between domestic and foreign investors to develop the country’s real estate. “We also hope that based on this cooperation, we can focus on developing smart cities in Vietnam and connecting with smart cities in Southeast Asia,” he added. “We expect that Vietnam’s smart cities can ensure network security and online connectivity.”

Mr. Nguyen The Hung, Deputy Chairman of the Hanoi People’s Committee, told the conference that the strong development and expansion of Hanoi has been accompanied by overwhelming growth in the real estate market. “To have the civilized and modern Hanoi we see today comes from the contributions of investors and real estate development organizations locally and internationally,” he said. “In addition to the synchronous development of the traffic network, infrastructure, and new urban areas, Hanoi will also promote rebuilding and renovating the inner city and expand new development areas towards sustainability to become a city worth living in, with the values and criteria of Green - Culture - Civilized - Modern.”

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