Vietnam's domestic property market sees recovery, says ministry

A view of of the Hanoi city. In 2020, the real estate sector contributed about 4.42 per cent of the national GDP. - Vietnam News/ANN

HANOI, Feb 21 (Vietnam News/ANN): The Ministry of Construction (MoC) believes the domestic real estate market has overcome the most difficult period due to positive developments in the market as well as the whole economy in the fourth quarter of 2020.

The industrial property segment can be considered a bright spot of the domestic market for many reasons such as the European Union - Vietnam Free Trade Agreement (EVFTA) coming into effect and plans for the relocation of many multinational corporations to Vietnam, according to the ministry.