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Ha Noi to hold property seminar
An international seminar on the real estate market will take place in Ha Noi from November 26-28, an official from the Ministry of Construction said on Tuesday at a press conference.
Nguyen Tran Nam, Deputy Minister of construction, said the seminar would focus on issues affecting the real estate industry such as the world financial crisis, overseas development assistance and other sources of capital.
The seminar would also discuss urban projects, creation of a land fund, sustainable development in the property market and Government supervision of prices, Nam said.
"Viet Nam's real estate market has developed markedly in recent years. It has a major influence on the econ-omy," Nam said. "However, the market lacks stability."
"The market lacks transparency, while prices are too high because of over-demand", he added.
"State managers and enterprises need more experience in managing and operating the market, which they can learn from developed countries," he said.
The seminar expects to attract 500 real estate experts from 10 countries, including China, Malaysia, Singapore, Australia, South Korea, Japan and New Zealand.
Meanwhile, the International Real Estate Expo 2010 will be held in Viet Nam.
The exhibition will have 100 pavilions displaying construction technologies and information on real estate firms from around the world.
The expo has been organised by the ministries Construction and Industry and Trade, in conjunction with the Viet Nam Real Estate Association, the forum of Asian construction industries and the central steering committee on housing policy and the real estate market.
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