WHA IZ 1: SPOTLIGHT IN NGHE AN FOR SOUTH KOREAN INVESTORS
Located in Dong Nam Economic Zone, a key economic centre of the central province of Nghe An, WHA Industrial Zone 1 – Nghe An is a spotlight among foreign investors, especially financiers and enterprises hailing from South Korea.
INDUSTRIAL PRODUCTION EXPANDS 2.8% IN FIRST HALF
Viet Nam’s index of industrial production recorded a year-on-year rise of 2.8% in the first six months of 2020, according to the General Statistics Office.
DOMESTIC PROPERTY MARKET FACING UNCERTAINTY: INSIDERS
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic, according to insiders.
VIETNAM LURES US$6 BILLION FDI INTO INDUSTRIAL PARKS
Nearly US$6 billion in foreign direct investment was poured into Viet Nam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI).
PROPERTY FIRMS RETURN TO MARKET AFTER COVID-19
Ministry of Construction data shows that some 80 per cent of developers stopped sales or even temporarily halted operations during the first quarter while the rest had modest operations going.
DEVELOPERS DINE ON INDUSTRIAL LAND
As Vietnam has emerged as an attractive option for companies seeking to diversify their manufacturing operations, industrial zone developers are planning to expand their land banks to welcome new investments heading to the country.
REAL ESTATE FIRMS GEAR UP FOR THE RACE AFTER PANDEMIC
Property firms are gearing up to tap opportunities from the post-pandemic recovery of the real estate market, which was predicted to soon get back on its feet.
LEGAL WRANGLING OVER FOL REIGNITED
Despite the changes to the Law on Housing and foreign ownership caps five years ago, real estate developers now show an increasing demand to revise regulations and increase the cap even more, to up to 50 per cent. However, revisions will be tough to put into practice, even if the suggestion is recognised by the government.
