Sector Insight

-The Real Estate industry plays an important role in Vietnam's economy and has always been a field that strongly attracts foreign direct investment. The Real Estate industry contributes a large proportion to total credit and corporate bond debt. Real Estate market was negative in the first half of 2023 mainly due to the legal and capital issues. 

-We expect a recovery from mid-2024 by (1) young population and improved income over the years, (2) infrastructure invested synchronously and widely, (3) economic growth in 2024 and (4) completed legal system expected to promote Real Estate. However, risks still exist when some companies with large total payable cash flow in 2024.

#Real Estate #VHM #VRE #KDH #NLG