Which city in Vietnam will become a major regional real estate service center in the next 10 years?

The real estate service center includes not only houses and offices, but also industrial, commercial, tourist, medical, educational, sports and entertainment real estate...


Mr. Le Hoang Chau - Chairman of Ho Chi Minh City Real Estate Association said that Ho Chi Minh City is a special city, with the position of being the largest economic center of the country and the nuclear city of Ho Chi Minh City Region, developing under the multi-polar concentration model, which is the gateway and focal point of national and international trade. The city strives to achieve an urbanization rate of 80-90% by 2030, equivalent to that of developed countries.


In order to contribute to the goal of restructuring the city's economy in a service-oriented manner and orienting the city's infrastructure development planning from now to 2030, the City People's Committee decided to build "Ho Chi Minh City construction project to become a regional and national real estate service center".


The real estate market includes not only houses and offices, but also includes industrial, commercial, tourist, medical, educational, sports and entertainment real estate... According to statistics of the Ministry of Construction, the real estate market involves more than 90 industries and uses about 10,000 products of the economy.


Real estate services are activities to support investment, real estate business and real estate market. Including types of real estate investment advisory services; real estate financial advisory; real estate law consultancy; real estate brokerage; real estate trading floor; real estate valuation; real estate auctions; exhibition, advertising real estate; real estate management...


To become a regional and national real estate service center to meet the needs of domestic and international investors and customers, Mr. Chau said that Ho Chi Minh City needs to meet this 4 following basic conditions.


Firstly, the city's real estate market must approach international standards; Real estate development towards green and smart; Diversified real estate products; Have an attractive rate of return in the medium and long term; Resilient to crisis; In comparison, there must be less potential risks than other countries in the region, especially in the context of the great openness of our economy.


Secondly, the general business environment and the real estate business environment and real estate service business must be transparent and fair.


Thirdly, the database of the real estate market must be fully updated, honest and real-time accessible to everyone.


Fourthly, to develop synchronously both physical infrastructure and intangible infrastructure, such as transport infrastructure; energy infrastructure; urban technical infrastructure and urban development planning; network infrastructure (both transmission line, hardware and software); financial and banking infrastructure; big data infrastructure (Big Data); legal infrastructure; Human Resources...


In order to build Ho Chi Minh City into a regional and national real estate service center, Mr. Chau said it is necessary to implement the six proposed solutions.


Firstly, we have to solve 3 bottlenecks. Constraints on legal institutions should soon improve the legal system to ensure consistency, systematicity, uniformity and feasibility; Law enforcement fairness; Transparent administrative procedures; Form "service government"; Create and accompanying enterprises; Build the basis of public service ethics.


Address infrastructure bottlenecks. From now to 2030, it is necessary to prioritize the selective development of transport, transportation (logistics) systems, urban technical infrastructure, urban development planning and network infrastructure close to international standards; ensure energy security to serve socio-economic development.


Addressing bottlenecks on the quality of human resources. Considering education as a national policy, improving the quality of university training, training technical experts, skilled workers, increasing training in occupational skills, information technology and using English as common after Vietnamese, to improve the quality of human resources, including human resources operating in the field of real estate and international integration.


Secondly, it is necessary to create a transparent, fair, fair and fair business environment. Develop mechanisms, policies and legal corridors to create conditions for the strong and effective development of the private sector, legitimate enrichment and great contributions to the country. Ensuring equality and fairness for the private sector, foreign-invested enterprises (FDI) and the state economic sector.


Thirdly, develop the real estate market with a variety of product types to meet domestic demand and foreign investors. Based on the general planning of urban construction and development and the Housing Development Program and Plan, the City needs to mobilize many resources to develop new urban areas and satellite towns of sufficient size to form multi-functional areas (residential, working, commercial, service...) which are crowded with people, synchronize transportation infrastructure connection, standards, create markets to attract domestic and abroad investors and facilitate the restructuring and reallocation of urban population.


At the same time, it is necessary to step up the implementation of programs on urban embellishment and redevelopment. Of which, there are 03 programs: (1) Relocation and resettlement of houses on and along canals; (2) Rebuild old apartments; (3) Embellishment and redevelopment of collapse residential areas.


With urban development and embellishment projects, it will facilitate the development of the real estate market. Ho Chi Minh City will attract investors and become a regional and national real estate service center.


Fourthly, develop focal points to provide information on real estate market (focal points, information portals), to meet the needs of domestic consumers, domestic and foreign investors.


Fifthly, soon complete the construction of a national and international exhibition center in Ho Chi Minh City, to both serve the real estate market and serve other fields.


Sixthly, the domestic real estate businesses need to cooperate, link closely and effectively to have enough position and resources to continue to dominate the real estate market in our country as today and cooperating, competing equally with foreign businesses and investors.


According to Thanh Nga