Frauds, low liquidity and tightening credit will be some of the major challenges facing the Vietnamese property sector in 2020.
Though the condotel market is facing major challenges, investment in condotels remains appealing and is expected to benefit the real estate sector, as long as a clear legal corridor is established to protect investors.
The real estate market in 2020 is likely to face multiple challenges, Nguyen Tran Nam, chairman of the Vietnam National Real Estate Association (VNREA), told the 2019 Vietnam Real Estate Forum on November 27.
In order to make Ho Chi Minh City, Vietnam's largest economic metropolis, a financial hub in the country and region, reforms will be needed.
Many foreign investors have expressed interest in the Vietnamese market but poor infrastructure and logistics, especially its ports, are big challenges that made them hesitant to do business here in the country.
The domestic hotel industry will face many challenges during development, especially in the application of technology, according to an expert from Savills Vietnam – a foreign property service provider in Vietnam.