Minister: Vietnam's real estate market is warming up

[HANOI] Vietnamese real estate market is warming up thanks to joint-efforts by the country's government and ministries, demonstrated by various positive signs, said Vietnamese Minister of Construction Trinh Dinh Dung on the ministry's website on Monday.

The website quoted Mr Dung in an interview with Vietnam's state-run news agency VNA on Monday as saying that positive signals of the real estate market in the country warming up include the increase in trading volume, higher real estate credit growth compared to the country's general credit growth, continuity of unfinished housing projects and the recovery of customers' confidence to the sector.

The initial achievements of Vietnamese real estate sector were attributed to the adjustments in real estate-related mechanisms and policies which are in accordance with the country's housing and urban development managing strategy, said Mr Dung.