$2.4 BILLION FOREIGN INVESTMENT REGISTERED IN REAL ESTATE IN FIRST EIGHT MONTHS
More than $2.4 billion of foreign investment was newly registered in the real estate sector in the first eight months, over five times higher than the same period last year, and accounting for nearly 20 per cent of the total $12 billion newly registered capital. According to the General Statistics Office, as of August 31, the total foreign direct investment (FDI) registered in Vietnam reached $20.52 billion, an increase of more than 8 per cent over the same period last year.
DEEP C IMPLEMENTS LARGE-SCALE ECO-INDUSTRIAL PARK MODEL
Since 2020, with financial support from the Swiss government, the Ministry of Planning and Investment has coordinated with the UN Industrial Development Organization to implement a project to implement eco-IPs in Vietnam according to the approach from the Global Eco-IP Programme. DEEP C was selected as one of the pilot IPs to join the programme.
VINH PHUC TO DEVELOP 24 INDUSTRIAL PARKS BY 2030
According to the plan endorsed by the Prime Minister of Vietnam, Vinh Phuc province is set to establish five new industrial parks by 2030, increasing the total number of parks to 24 and expanding the land area to 7,000 hectares.
NEW LAWS AIM TO RESOLVE PROPERTY MARKET'S ISSUES
Insiders have praised the new laws' effects, which include the 2024 Land Law, the 2023 Real Estate Business Law and the 2023 Housing Law, in directing the market's structure and its business scale as new regulations aimed at creating a more favourable environment for property developers and their projects alike.
INDUSTRIAL PROPERTY COULD BECOME NEXT KEY FDI MAGNET
Experts at last week’s Vietnam Industrial Property Forum 2024, co-organised by Vietnam Investment Review and the Vietnam Industrial Real Estate Association in Ho Chi Minh City, confirmed that stable foreign investment growth is providing a strong foundation for the industrial property sector.
KCN VIETNAM AIMS FOR GREEN CERTIFICATION IN FUTURE PROJECTS
KCN Vietnam Group JSC. (KCN Vietnam Group), a professional industrial property developer, on July 29, 2024, officially announced its green building development agenda, endeavoring to achieve green, sustainability standards and certifications.
REAL ESTATE FIRMS AGGRESSIVELY RESTRUCTURING BOND DEBT
From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 per cent of this value was from the banking sector, while real estate bonds accounted for only 24.6 per cent, or over VNĐ34.5 trillion.
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
