Vietnamese real estate market is warming up thanks to joint-efforts by the country's government and ministries, demonstrated by various positive signs, said Vietnamese Minister of Construction Trinh Dinh Dung on the ministry's website on Monday.

The website quoted Dung in an interview with Vietnam's state- run news agency VNA on Monday as saying that positive signals of warming up real estate market in the country included the increase in trading volume, higher real estate credit growth compared to the country's general credit growth, continuity of unfinished housing projects and the recovery of customers' confidence to the sector.

The initial achievements of Vietnamese real estate sector were attributed to the adjustments in real estate-related mechanisms and policies which are in accordance with the country's housing and urban development managing strategy, said Dung.

These adjustments included tax decrease, rescheduling payment of financial obligations and a package of housing support credit of 30 trillion Vietnamese dong (1.42 billion U.S. dollars), Dung told VNA.

Real estate companies, for their parts, changed business strategies, re-structured real estate products, and increased marketing activities. The official added that apartments in big cities with area of less than 70 square meters and sold at less than 15 million Vietnamese dong per square meter are strongly consumed and there is hardly inventory for these products.

This presents that correct measures implemented have brought about positive signals to Vietnamese real estate market in 2013, said Dung.

Vietnam's real estate market frozen in the past was due to higher housing prices than average income of the majority of local people and high interest rates.

Statistics from the ministry showed that as of late December 2013, total nationwide inventory in real estate sector stood at 94. 45 trillion Vietnamese dong, down 26.5 percent over the first quarter of 2013. Endi

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