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Real estate transactions in Ho Chi Minh City increased dramatically

The report on the socio-economic situation in the first 4 months of the year of Ho Chi Minh City shows that the economic fields have a good growth rate. Total state budget revenue is estimated at 168,177,017 billion VND, reaching 43.51% of the estimate, up 13.87% over the same period. Meanwhile, the total export turnover through the city border gate was estimated at 13.9 billion USD, up 3.6% over the same period.

According to the assessment, the city’s economy is continuing to recover, in April, a number of economic fields showed signs of improvement, specifically: the index of industrial production (IIP) was estimated to increase by 2% compared to that of April. March 2022 and increased by 9.7% over the same period; total retail sales of consumer goods and services increased by 3.2% over the previous month and by 6.2% over the same period.

For tourism, total revenue in the month was estimated at 8,761 billion VND, up 26.7% over the same period (6,000 billion VND). Domestic tourists to Ho Chi Minh City were estimated at 1.97 million arrivals, up 56.7% over the same period (1.26 million arrivals); International arrivals were more than 114,728 arrivals, an increase of 100% over the same period.

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The number of transaction records related to real estate increased dramatically in Ho Chi Minh City in the first 4 months of the year

For the banking sector, the total capital mobilization of credit institutions in the area was estimated at VND 3,229,500 billion, up 0.7% over the previous month, up 2.73% compared to the end of 2021. Total credit balance of credit institutions in the area is estimated at VND 3,041,500 billion, up 1% compared to the end of last month and 7.32% compared to the end of 2021.

Assoc. Prof. Dr. Tran Hoang Ngan – Director of Ho Chi Minh City Development Research Institute – assessed that the increase in credit balance showed a positive signal of business activities being expanded in the area, recovering after Covid-19 pandemic.

Notably, related to land management in the first 4 months of 2022 in Ho Chi Minh City. The number of purchase and sale records and transactions related to the real estate sector increased dramatically. In the first 4 months of the year, the number of processed dossiers reached 172,000; Accordingly, land use revenue in the first 4 months of the year reached over 8,400 billion, nearly doubled compared to the first 4 months of 2021. The largest increase in revenue focused on 2 groups, which are land use fees and land rents, and land rental fees. country.

A representative of the Department of Natural Resources and Environment said that, following the Government’s policy, Ho Chi Minh City is gathering projects that have been concluded by inspectors, auditors and a number of agencies. In early May, 2022, the Government’s delegation will work in Ho Chi Minh City with the city’s departments and branches to remove problems related to the above projects, mainly related to the projects. Real estate.

Tran Chung

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Banks silently ordered tightening, surfers worried about the storm“Only pay 30% to the investor, the rest borrow from the bank”, when banks tighten real estate credit, making speculators and surfers worry about a wave of sales, cutting losses.
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