On the morning of September 18, PEAKHOMES Real Estate Investment and Development Joint Stock Company organized a seminar on “Orientation for investment in the real estate industry after the Covid epidemic season” in an online form. The event aims to assess the overall economic situation domestically and internationally thereby giving comments and suggestions about the needs and tastes of real estate investment in the post-Covid-19 period.

The seminar was attended by invited guests: Associate Professor Ph. D. Mr. Tran Dinh Thien - Former Director of the Vietnam Institute of Economics, a member of the Prime Minister's Economic Advisory Group; Mr. Vu Cuong Quyet – General Director, Northern Dat Xanh Real Estate & Service Joint Stock Company; Mr. Nguyen Duc Chinh – Deputy General Director, Century Real Estate Joint Stock Company; Mr. Huynh Thanh Hai – Deputy General Director of Operations, ERA Vietnam Real Estate Joint Stock Company; Ms. Hoang Thi Thuy Giang – General Director, PEAKHOMES Real Estate Development and Investment Joint Stock Company.

At the beginning of the discussion, Associate Professor Dr. Tran Dinh Thien has an overview analysis and assessment of the world economic situation in 2020. The impact of the Covid-19 pandemic has disrupted supply chains, creating a "supply" - "demand" shock and economic losses of up to $7,000 - $8,000 billion. However, the digital economy has exploded, the number of global tech billionaires soars, prospects of the economies that have gone ahead and have a strategy of focusing on developing high technology.

According to the latest forecast of the World Bank (8/2021): United States, The euro area and China will recover and grow 5.4%, 6.8% and 8.6% respectively in 2021. Emerging and developing economies (excluding China) will grow 4.4%, while low-income countries will grow only 2.2% on average.

Review of Vietnam's Economy Associate Professor and Doctor said the pandemic was a big shock However, Vietnam's economy has been and is still the bright spot of the global economy with a positive growth in 2020, if the epidemic control work is better, When the world accelerates to open up, Vietnam is still a reliable investment coordinate with the ability to recover in 2022 as before the epidemic (GDP increases from 6.5-7.0%).

In the third quarter of 2021, when the economy recovers, the whole year could reach a growth rate of 3.5-4% (MPI). Some industries are likely to recover soon, such as tourism, aviation, transportation, industrial and urban real estate (new). The “new normal” industries that can disrupt such as: Digitization, digital economy (e-commerce, digital banking, new start-ups). For the real estate sector, Associate Professor, PhD pointed out that Vietnam needs to create a "link of strength" to shape the portrait of the city in particular and the real estate industry in general in the future. Post-Covid recovery period, the economy needs to ensure the operation of "cash flow", The state needs to support and ensure business cash flow and capital access. As the world economy gradually opens up and reconnects, this will be an opportunity for the economy, people's lives and businesses to soon recover and reach out again.

With a positive outlook on the economic recovery, Mr. Vu Cuong Quyet – General Director, Northern Dat Xanh Real Estate & Services Joint Stock Company review the situation of real estate business during the lockdown period, the factors affecting the real estate sector and long-term development vision, investment orientation after Covid. In fact, after each "wave" of Covid subsides, the market in our country bounced up very quickly, this is a bright spot for confidence in the economy in general and Vietnam's real estate to make a breakthrough after the pandemic.

According to Mr. Quyet, currently, the demand for mid-range and high-end real estate in our country will continue to increase. It is forecasted that by 2030, Vietnam's middle class will rank at 3rd in Southeast Asia (about 23,2 million people). Besides, factors such as tourism potential, attracting a large number of international tourists to Vietnam; the process of urbanization and population growth (70% of the population is under 35 years old) together with tightening policies make the real estate market transparent and stable. also lead to investment psychology that prioritizes long-term selection, which promises to explode in the near future.

From a short-term investment perspective from 3 to 5 years, Mr. Nguyen Duc Chinh – Deputy General Director, Century Real Estate Joint Stock Company pointed out 3 types of real estate that have become the trend in recent times are: Industrial park real estate; suburban real estate and Urban resort real estate. On the other hand, Covid also caused changes in the behavior of real estate selection, focusing on trending products of suburban resort real estate. Accordingly, this investment segment has room to grow and develop strongly in the coming time for reasons like the cyclical growth potential of this type, the recovery of the economy, especially tourism will bring a strong bounce to resort urban real estate.

With years of experience in the US and Vietnamese real estate markets, Mr. Huynh Thanh Hai - Deputy General Director of Operations, ERA Vietnam Real Estate Joint Stock Company gives a perspective and experience on the US real estate market in a state of high prices, demand outstripping supply. At the same time, the investment trend has also changed, greatly affected by the Covid epidemic such as resort real estate becoming a 2nd home, become an indispensable choice in the present and post-pandemic.

From the perspective of a person who has lived for nearly 20 years in the US, Mr. Hai added that with Vietnam's strategic location, real estate prices are still "cheap" compared to the region, rare beautiful scenery with "tourist brands" that everyone knows in the international arena is Da Nang - Hoi An, Real estate in this area is also a bright choice and increases its value sustainably over the time, attracting investors not only domestically but also from all over the world.

As the representative of the project developer, Ms. Hoang Thi Thuy Giang – General Director, PEAKHOMES Real Estate Development and Investment Joint Stock Company shared about the potential of resort real estate in the Central Coast, focusing on Hoi An area. At the same time, the representative of PEAKHOMES also analyzed the effectiveness of the 3-in-1 development model in the complex resort urban area of La Queenara, while minimizing risks in the context of the epidemic, while flexibly anticipating a new cycle of recovery and growth. Accordingly, the trend of "second home" associated with urban resort real estate, with long-term legal ownership like La Queenara will become the ideal choice in the future. Currently, this is a key area for investment in tourism and urban areas, the project is actively accelerating its progress to catch up with the booming trend of the tourism market, creating a large cash flow.

The general overview can be seen, The economy in general and the real estate sector in particular will continue to face upcoming challenges and difficulties. However, this is also considered a challenge for units and businesses to make efforts, be creative and find a direction for themselves in the post-Covid era. At the end of the talk, the experts took time to answer some questions about the program in order to provide a suggestive direction on the economy, the market and the trend of choosing real estate products for investors in the current period as well as after the pandemic.

Organizer information:

PEAKHOMES Real Estate Investment and Development Joint Stock Company

 Website: www.laqueenara.vn

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