Every day there are 20 newly established real estate businesses
The real estate sector is still attracting new businesses - Photo DANG NGUYEN
In the first six months of 2018, the real estate sector has 3,286 registered enterprises, up 44% over the same period in 2017.
According to the Department of Business Registration Management (Ministry of Planning and Investment), in the first 6 months of 2018, there were 64,531 newly established enterprises with registered capital of 648.967 trillion dong, up 5.3% and 8.9% increase in registered capital over the same period of 2017.
In particular, the real estate sector continues to lead in the number of registered enterprises and the registered capital.
Specifically, in the first half of 2018, real estate business has 3,286 enterprises registered new establishment, with the highest increase rate of 44.2% over the same period in 2017. This is also the sector with capital Newly registered highest with 192.545 billion, accounting for 29.7% of the total registered capital of all sectors.
On average, there are 20 registered enterprises in this field.
Real estate market in the first 6 months of 2018 has experienced many changes. From land fever spread in Ho Chi Minh City and coastal provinces to land price changes in three areas are expected to build special zones are Phu Quoc, Van Don, Northern Van Phong.
At present, the fever has cooled, the market also appears signs of slowing down transactions. However, experts still have positive comments for the housing market in the last 6 months of 2018. This is still a potential market, attracting the participation of many businesses and investors.
Dr. Vo Tri Thanh, director of the Institute for Competitive Strategy and Brand Management, said that despite the erratic developments, it should not be too panicky for the real estate market. Particularly, low-priced products suitable for people's money still maintain the stability of trading in the coming time.
Previously, in a report of HCM City Real Estate Association (HoREA) also give reasons for investors to rest assured about the stability of the market in the last 6 months of 2018.
Firstly, GDP growth in the whole country in 2017 reached 6.81%, the highest in 10 years, is the positive and reasonable growth. The economy has no hot growth. The economic sectors are tending to invest, develop production, business, the movement of start up business is developing strongly. The government has set a GDP growth target of 6.5-6.7% in 2018, a positive and reasonable growth rate
Secondly, credit growth of the whole country in 2017 reached 18.17% (only roughly half of the 37% of credit growth in 2007); It is expected that credit growth of about 17% in 2011 will be positive and reasonable. The State Bank of Vietnam (SBV) is implementing a prudent, tight and flexible credit policy in the direction of gradually reducing credit to real estate.
Thirdly, although the market is experiencing deviations in supply and demand, too many condotel projects or "virtual land fever" in many areas. However, the above factors reflect only part of the real estate market, and mainly occur in the land, agricultural and condotel segments, which can only create virtual, local, At the same time, it can not cause a "bubble" in the entire real estate market.
Fourthly, in 2018, it is unlikely that real estate bubbles will emerge as the competent state authorities have experienced the timely and effective use of tax instruments. credit tools; tools on land use planning and planning, policy of investment projects to effectively regulate the real estate market immediately after the "bubble" sign.