The statement was made by Chairman of the municipal People’s Committee Nguyen Duc Chung at a recent conference of the Viet Nam Real Estate Association (VNREA) in Ha Noi.

The official said that along with the expansion of its administrative boundaries, Ha Noi’s urbanization speed has increased rapidly over the recent past, transforming the capital city’s appearance in a civilized and modern fashion.

Ha Noi has been chosen by investors thanks to its good infrastructure, completed industrial parks, and convenient transport. In particular, the demand for housing in Ha Noi is still high, making real estate remain an attractive area for domestic and foreign investors because of its good liquidity, Chung stated.

As directed by the Prime Minister, Ha Noi has joined the network of smart cities. In order to develop the city in this direction, Ha Noi expects investors to build and develop smart cities and smart buildings, aiming to better serve the people.

The Ha Noi mayor asked VNREA to continue to propose mechanism and policy recommendations to the Government so that favorable decisions for investors, especially real estate developers, will be made, in addition to further enhancing connection between the VNREA members with the municipal government and central ministries and branches.

At the conference, VNREA was presented with certificates of merit from the Prime Minister and the Ministry of Construction./.