NATION URGED TO BUILD ON ECO-IP MODEL
For the 2020-2024 project, three IPs were selected for the transformation including Deep C Industrial Zones in the northern city of Haiphong, AMATA City Bien Hoa in the southern province of Dong Nai, and Hiep Phuoc IP in Ho Chi Minh City. Over the last four years, the level of compliance with the international framework on eco-IPs for all pilot complexes has increased in terms of environment, economy, and management.
VIETNAM REAL ESTATE MARKET RISING APPEAL TO INT’L INVESTORS
The General Statistics Office (GSO) projected the disbursed foreign direct investment (FDI) in Vietnam for the first two months of 2024 to be approximately US$2.8 billion, marking a year-on-year surge of 9.8%. This represents the most substantial amount of actualized FDI capital for the January-February timeframe in the past five years.
DEVELOPERS HUNT FOR LAND AVAILABILITY
Last week, the Department of Planning and Investment of Long An province in the Mekong Delta region announced that a joint venture between Vinhomes and Vietnam Investment Group, which registered to implement the new Phuoc Vinh Tay urban area in Can Giuoc district.
EXPANDED LAND USE RIGHTS EXPECTED TO ATTRACT OV INVESTMENT IN REAL ESTATE
The expansion of land use rights for overseas Vietnamese (OV) in the recently passed 2024 Land Law is good news for OVs who want to own real estate in Vietnam, said experts from Savills Vietnam.
HAU GIANG INDUSTRIAL ZONES AUTHORITY: ACTIVELY SUPPORTING BUSINESSES AND ATTRACTING INVESTORS
Hau Giang Industrial Zones Authority, established under the Prime Minister’s Decision 366/QD-TTg dated March 29, 2007, performs functions and tasks assigned by Decision 02/2023 /QD-UBND dated January 4, 2023 of the Hau Giang Provincial People's Committee on its functions, tasks, powers and organizational structure. During 17 years of construction and development, the authority has affirmed its role, position and name and made effective contributions to local socioeconomic development.
RESORT REAL ESTATE MARKET SHOWS POSITIVE SIGNS
The resort real estate market is recording positive signs as demand, in both domestic and international tourist markets, is gradually recovering at a stable pace, thereby helping strengthen trust in the industry, according to Mauro Gasparotti, Director of Savills Hotels.
EXPERTS UPBEAT ABOUT REAL ESTATE PROSPECTS
About 85 per cent of the rapidly growing companies in Vietnam are committed to the environmental, social, and corporate governance (ESG) standard, creating an increase in demand for green-standard office space in the market. By 2026, Ho Chi Minh City is expected to provide 300,000 more square meters of new Grade A office space, such as The Nexus project or VP Bank Saigon Tower. Moreover, over 80% of the future Grade A and Grade B office supply in the southern economic hub will meet green standards.
REVISED RULES SET TO EXPAND OPTIONS FOR OVERSEAS NATIONALS TO OWN PROPERTY
According to real estate law expert Nguyen Van Dinh, new laws coming into effect in 2025 will allow Vietnamese nationals residing abroad to carry out real estate business and own property the same as Vietnamese.
