Residence-hotel complexes attract HCM City’s expats

Dong Nai province considers to halt opening of more industrial parks

Misadventures in Vietnamese real estate

Policy

Dong Nai province considers to halt opening of more industrial parks

The Southern Province of Dong Nai has been considering to halt opening of additional industrial parks in Bien Hoa Town and Long Thanh and Nhon Trach districts.

Newly issued Decree 25 unplugs bottlenecks for real estate projects

Decree No.25/2020/ND-CP (Decree 25) issued by the prime minister on February 28, 2020 has broken through the biggest obstacles facing real estate projects nationwide in land bidding and implementation.

More regulations needed to promote condotel market development

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.

Trends

Vietnamese infrastructure policy earns investors’ thumbs-up

To lure more foreign investment in infrastructure, Vietnam needs to have a clear public-private partnership (PPP) framework.

Credit quality of real estate sector continues to be controlled

Mr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC Branch), reported that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year.

Real estate credit under control

Outstanding loans for the real estate sector grew by 8.8% last year, below the banking sector’s credit growth of 13.7%, said Nguyen Quoc Hung, director of the Credit Department of the State Bank of Vietnam.

Ex-Danang leaders slapped long jail terms for illegal land transfers

Former chairman of Danang City Tran Van Minh and his successor, Van Huu Chien, were sentenced to jail terms of 17 and 12 years, respectively, for their involvement in the acquisition of public land by Phan Van Anh Vu.

PM urges Ha Nam to make development breakthroughs

Prime Minister Nguyen Xuan Phuc on January 11 urged the northern province of Ha Nam to further carry forward its potential and advantages as a gateway of Hanoi capital city, and make breakthroughs in development.

Negligence blights Danang social housing project

Lax management has been blamed for the failure of social housing in Danang City. Many social apartments are being sold or rent at commercial prices and low-income people can hardly afford them.

PM approves IT park establishment in Danang

The prime minister has just signed a decision approving the establishment of an information technology park in Danang City, which is expected to be modeled after the United States’ Silicon Valley.

SBV keeps preferential interest rate for social housing unchanged

The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Viet Nam (SBV).

Binh Chanh demolishes illegal resort project

The government of Tan Quy Tay Commune and the relevant agencies of Binh Chanh District in HCMC on January 7 started undoing construction work on the illegal Gia Trang Tram Chim Resort project, per Thanh Nien newspaper.

Renovation area around Hoan Kiem lake

On January 2, for the third time in 10 years, the city held an exhibition and consulted people about the project to renovate the area around Hoan Kiem lake.

Gov’t inspectors to announce boundaries of Thu Thiem urban project before Tet

The Government Inspectorate will announce the revised zoning boundaries of five adjacent quarters affected by the controversial Thu Thiem New Urban Area project in District 2, HCMC, ahead of the upcoming Lunar New Year.

Ho Chi Minh City considers fifth metro line project

The transport authority of HCMC has proposed the use of ODA loans to develop the first phase of the city’s fifth metro line. Meanwhile, the first and second metro line projects are still facing delays.

Ho Chi Minh City to axe encroaching ventures

A number of projects located on the bank of the Saigon River in the second city could face the axe from next month after an inspection by Ho Chi Minh City People’s Committee found that they violated building regulations.

Ho Chi Minh City to invest in public transport in new residential areas

The HCM City Department of Transport has asked the city's People’s Committee to outline plans for investment in public transport in new residential areas, including new bus lanes, in an aim to reduce traffic congestion.

New policies urged to remove roadblocks in privatizing Vietnam’s SOEs

Experts have pointed out a number of hindrances to SOE privatization, including weak corporate governance, valuation methods and restricted foreign ownership.

Khanh Hoa warns about illegal sale of tourism real estate projects to foreigners

The Khanh Hoa Province Department of Construction had sent an official letter to request 129 investors of tourism projects not to sell property to foreigners, asking developers to comply with the established laws.

Removing roadblocks to equitization

Vietnam is attempting to boost equitization of, and capital divestment from, its state-owned enterprises so as to lure in more capital from the private sector. However, the road to doing so has been far from smooth.

Trending

Residence-hotel complexes attract HCM City’s expats

Developing and living in luxury residence-hotel complexes are rising trends among property developers and buyers and lessees thanks to the high rentals and resort-like living environment.

Despite limited brand entrance, what keeps Vietnam an attractive retail market?
Average monthly rents for retail space in Saigon's central business district kept on rising in the third quarter of 2019 as Vietnam was still considered attractive to international retailers and developers, CBRE stated.

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