Economic - Market News March 31, 2025: Real estate supply will continue to increase in 2025

Real estate supply will continue to increase in 2025

 

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The Vietnam Association of Realtors (VARS) forecasts that the supply of residential real estate in 2025 is expected to recover broadly with an increase of about 10% compared to 2024.

According to the Vietnam Association of Realtors (VARS), the real estate supply is on the path of recovery and positive growth. VARS research data shows that in 2024, the real estate market will record about 65,376 new products for sale, about 3 times higher than in 2023.

Residential real estate supply in 2025 is also expected to recover broadly with an increase of about 10% compared to 2024.

In the medium term, housing supply will continue to increase, from real estate projects that have had difficulties resolved in recent times and have been newly licensed, including social housing projects.

Specifically, in 2024, 210 real estate projects were dismantled (according to statistics from the Ministry of Construction) and re-implemented. The number of newly licensed projects in 2024 also increased by about 18% over the same period last year and will continue to increase.

According to VARS' analysis, in the coming time, when new laws related to housing, land and real estate business are implemented, along with plans to merge provinces and cities, it will limit shortcomings and problems, and help reduce many procedures and legalities for project implementation.

The absorption rate in 2025 is expected to remain above 70%, although the absorption rate will slow down due to high and rapid price increases in some areas and segments. At the same time, real estate prices still have many drivers to increase in the context of impending inflationary pressure.

Tien Giang farmers have high income thanks to off-season durian gardens

 

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Currently, durian orchards in Tien Giang province are entering the end of the season. The price of this fruit fluctuates due to foreign market demand, but remains high, and gardeners are making a profit.

In recent days, traders have been coming to durian gardens to buy at prices that are 5,000 to 10,000 VND/kg lower than last week. Specifically, the average price of Ri6 durian is 50-55 thousand VND/kg, Mon thong is 100-110 thousand VND/kg. With this price, gardeners make a profit of 30-60 thousand VND/kg (depending on the type). According to traders who specialize in buying durian, the output of this fruit is currently at the end of the season, so they have to buy from Ben Tre, Dong Thap, and Can Tho provinces.

The whole Tien Giang province has more than 25,500 hectares of commercial durian trees. Up to now, although the salinity in the river system has increased, it has not affected the durian gardens. Along with dragon fruit, durian is a fruit that helps gardeners in Tien Giang province have a high income during the dry season.

Gold price increased sharply, exceeding 101 million VND/tael

 

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Gold price today March 31, gold price increased sharply. Gold ring price is higher than gold bar price in selling direction.

At 9:30 a.m. on March 31, Bao Tin Minh Chau listed the price of gold bars at 99.2 - 101.2 million VND/tael for buying and selling.

Saigon Jewelry Company Limited - SJC is also buying and selling SJC gold at 99.5 - 101.5 million VND/tael.

At the same time, Saigon Jewelry Company Limited - SJC bought and sold gold rings at 98.5 - 100.5 million VND/tael. Bao Tin Minh Chau is also trading at 99.3 - 101.3 million VND/tael.

Gold prices increased sharply today. Gold ring prices increased higher than gold bar prices. Bao Tin Minh Chau sells gold rings at 100,000 VND/tael higher than gold bars.

Thus, after only 1 week (from March 24 to 31), Bao Tin Minh Chau adjusted the price of SJC gold bars to increase by 4.4 million VND/tael for buying and adjusted the price to increase by 3.8 million VND/tael for selling.

Gold prices are rising, financial experts advise gold buyers at this time to closely monitor the market before deciding to buy, because the buy-sell gap is high, pushing risks to gold buyers.

Besides, when the demand for gold increases and the quantity sold is limited, there will be fraud and fake gold sales for profit.

Indian rice hits lowest since June 2023

 

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Indian rice prices fell to their lowest since June 2023 this week, hit by weak demand and ample supplies.

India’s 5% broken rice is now being offered at $395-$401 a tonne, down from $403-$410 a tonne last week. A trader in New Delhi said buyers are placing orders at a slower pace, with some even delaying purchases as prices remain on a downward trend. The Indian government has allowed the resumption of 100% broken rice exports since early March after imposing a ban from September 2022.

Meanwhile, Thai rice prices remained stable at a more than two-year low. Specifically, in Thailand, 5% broken rice was sold at $405 per ton, the same as last week. Traders said that rice prices this week were unchanged due to weak demand and the impact of the exchange rate. A trader in Bangkok shared that the market was quite quiet. He said that fierce competition from Indian and Vietnamese rice could make it difficult for Thai rice exporters in 2025.

The Vietnam Food Association said 5% broken rice was being offered at $400 a tonne, up from $394 last week. A trader in the Mekong Delta predicted that prices could remain at this level for the next few sessions amid ample supplies.

According to information from the Ministry of Agriculture and Environment and the Ministry of Industry and Trade, in February 2025, Vietnam exported about 560,000 tons of rice with a value of 288.2 million USD. Thereby, bringing the total volume and value of rice exports in the first two months of 2025 to 1.1 million tons and 613 million USD, up 5.9% in volume, but down 13.6% in value compared to the same period in 2024.

HOAI TAM synthesis

Source: https://baohaugiang.com.vn/kinh-te/ban-tin-kinh-te-thi-truong-ngay-31-3-2025-nguon-cung-bat-dong-san-se-tiep-tuc-tang-trong-nam-2025-140566.html