Detailed regulations are needed to promote a healthy condotel market, which has been going off-track for years due to an unclear legal framework, experts have said.

The sixth edition of the PropertyGuru Vietnam Property Awards was launched in HCM City on February 27.

The February consumer price index (CPI) slipped 0.17 per cent from the previous month due to falling demand for goods after the Lunar New Year (Tet) holiday, falling petrol prices, and the coronavirus (COVID-19) outbreak, according to the General Statistics Office (GSO).

Vietnam saw $6.47 billion in foreign direct investment pledges this year, as of February 20, down 23.6 percent year-on-year.

The Centers for Disease Control and Prevention (CDC) on February 27 has decided to take Vietnam off the list of countries with the risk of community spread of the novel coronavirus (COVID-19).

The Vietnamese government has required all people arriving from South Korea to stay in mandatory quarantine for 14 days as a measure to curb the spread of Covid-19.

Covid-19 has severely hampered the Vietnamese manufacturing sector in February, both on the demand and supply side.

The coronavirus epidemic has sent many of the economic activities into a tailspin. Nonetheless, like any other outbreaks of disease, be it long or short, Covid-19 will be over sooner or later. How should the Government come up with policies on helping recuperate the economic health?

As the coronavirus is going global, the local stock market is forecast to experience continued volatility next week, according to securities firms.

The stock market is expected to continue experiencing strong corrections, while the market bottom cannot be determined until there are clear signs of effective control over the COVID-19 epidemic, said market analysts.