Business News

[12-01-2017] The Ha Noi real estate market saw strong development in the condominium, villa and townhouse segments in the fourth quarter of 2016 and experts predict further growth this year. Nguyen Hoai An, manager of professional services at CBRE Viet Nam Co, said at the company’s press conference yesterday that 9,128 units were avilable for sale in 34 projects across the city last year.

[21-12-2016] The finance ministry has announced that people who own a house will not have to pay tax for the second house they buy in 2017. Nguyen Van Phung, deputy director of the ministry’s tax policy department, said the issue is still on the table for discussion and while it has been a long-pending proposal, it will not happen this year. The idea of taxing multi-house owners is a matter of concern for many Vietnamese citizens.

[23-09-2016] Many globally renowned investment funds have shown interest in the Vietnamese property market after announcing investment deals worth tens of millions of dollars in potential real estate firms. Vo Huynh Tuan Kiet from CBRE Vietnam, a real estate service provider, said Vietnam in recent years has been witnessing hefty foreign investment in the property market.

[14-09-2016] Foreign direct investment in Ho Chi Minh City’s real estate sector continues to rise across residential, office, and retail segments. In the first eight months of 2016, the city’s real estate sector attracted the most foreign direct investment, with capital of $318.9 million so far disbursed. Singapore is the top investor in the local real estate sector, followed by Japan and Korea.

[13-09-2016] Before 2009, it was not possible for a foreign investor to legally acquire a tenancy interest in land for commercial business purposes in Vietnam. As a result of the passage of new legislation since 2009, it is now possible under a limited number of circumstances for foreigners to acquire a long-term tenancy in land for use such as for a factory, warehouse, retail, wholesale or office space.  

[02-09-2016] The tourism property market has been hot this year with many new projects and increasing transaction volumes, insiders said. A report from the Ministry of Construction's Housing and Real Estate Management Department said many new tourism property projects have been on sale since July.

[21-08-2016] The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Pham Hong Ha said.

[21-08-2016] The Ministry of Finance proposed the government should offer a preferential corporate income tax of 10 per cent tor firms that are renovating deteriorating apartment blocks. This is aimed at attracting developers to participate in restoring unsafe old apartment buildings, which are a pressing problem in terms of living standards, safety and the urban landscape in major cities such as Ha Noi and HCM City.