Vietnam News/ANN: Vietnam will become an attractive destination for real estate investment and business because of the high demand for housing, industrial park infrastructure, shopping malls, and tourism property, according to Pham Hong Ha, the minister of construction.

Hong Ha made the claims during the three-day International Real Estate Conference 2018 (IREC) in Hanoi last week.

More than 300 international guests and thousands of Vietnamese delegates took part in the event.

Ha said the recent growth of the property market has contributed to the fast and sustainable development of Vietnam.

“It also contributes to the strong development of financial, securities, labour and service markets and many related industries, such as construction and building materials,” he added.

He noted the Vietnamese government highly values the active role and efforts of domestic and foreign businesses in the country’s property market.