16:23 | 07/09/2018 Society
The International Real Estate Conference 2018 (IREC) opened at the National Convention Center in Hanoi on September 6, attracting the participation of thousands of delegates and real estate firms from 19 countries and territories around the world.
The three-day event will serve as a venue for firms and experts to discuss and share experience in the developmental trends of real estate, the building of green and smart cities, the application of technology in developing real estate, and others.
Minister of Construction Pham Hong Ha said that the development of the real estate market over the past years has made positive contributions to the rapid and sustainable development of the economy and social welfare of Vietnam.
US Ambassador to Vietnam, Daniel Kritenbrink, talked about the cooperation between Vietnam and the US to develop smart cities as well as the importance of real estate. He also expressed his belief that Vietnam has created a favourable legal environment which facilitates the operations of real estate firms.
According to the Foreign Investment Agency, FDI capital poured into Vietnam's real estate reached beyond US$5.5 billion in the first half of 2018, with real estate becoming the runner-up in FDI attraction after the manufacturing industry.
According to Deputy Minister of Construction Nguyen Van Sinh, Vietnam will be an attractive destination for real estate investors in the mid and long-term due to the high demand for housing, industrial infrastructure, commercial centers, resorts, and others.
Entitled "Vietnam - A World of Opportunities", IREC 2018 will also include various activities such as seminars, investment promotion conferences, and exhibitions in the field.