While the pandemic has affected nearly every business, Vietnam's real estate sector has seen significant movements throughout the year. Dr. Vu Dinh Anh, economist at the Ministry of Finance's Price Market Research Institute, presents a detailed analysis of the year's happenings as well as a brief outlook for 2021. Dr. Vu Dinh Anh, economist at the Ministry of Finance's Price Market Research Institute Successful real estate businesses across Vietnam can continue their growth momentum, and even those currently suffering losses can recover along with the general growth of the economy, which is expected to return to its normal rate from 2021 if the business community captures and makes good use of the real estate market's trends amid the influence of the pandemic. The inevitable consequence of the pandemic is that many production and business activities have been delayed, with major national and international value chains interrupted. Governments of many countries have been forced to launch a series of bailout packages worth tens or hundreds of billions of USD, making their budgets fall into heavy deficits while increasing public debt. Vietnam has become a rare bright spot not only in the region but globally by simultaneously maintaining economic growth and curbing… Read full this story
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