Business News

[08-08-2016] The Ministry of Construction has issued Circular No.19/2016/TT-BXD guiding the implementation of the Housing Law and Decree No. 99/2015/ND-CP dated October 20, 2015 of the Government guiding the implementation of the 2014 Housing Law.

[04-08-2016] The company says the project will be built on nearly 1,300ha, 40 per cent of land will be an industrial estate and 60 per cent will be accommodations and commercial buildings. Amata chief executive officer Somhatai Panichewa said total investment for the project is estimated at US$800 million.

[28-07-2016] Making property information available to the public was critical to improve the market's transparency but the information must be adequate and accurate, experts said. The property market information must be adequate and accurate, say experts.

[12-07-2016] Though the foreign direct investment flow into real estate sector accounts for only 5.3 per cent of the total in the first half of the year, experts see the flow is at a more feasible stage. In the first half of this year, 25 new projects were licensed  in Vietnam’s real estate sector with total investment capital up to more than $600 million.

[10-07-2016] Many foreigners and Viet Kieu (overseas Vietnamese) are buying apartments in Viet Nam, especially in HCM City, according to market analysts. Over 10,000 apartments were sold in the second quarter of this year,  many to foreigners who are permitted to buy up to 30 per cent of the units in a project.

[25-06-2016] Real estate inventory continues to fall but the pace is slowing down, mostly in suburban projects with poor infrastructure facilities, according to the Agency for Management of Housing and Real Estate Market under the Ministry of Construction.

[10-06-2016] The official real estate index, which should have been set up earlier this year, has been delayed while real estate enterprises and associations have continued to provide their own indexes. Property consultants like CBRE, Savills, Cushman & Wakefield and business groups provide various indexes but they are mostly different from each other.

[11-06-2016] The property market in the central city of Da Nang has seen growth in major segments such as condotel, condominium and hospitality markets in the first half of this year. According to the report on properties in Da Nang in the second quarter, CB Richard Ellis Viet Nam Ltd Company (CBRE Viet Nam), one of the foreign property service providers in the country, reported that Da Nang's condotel market in the first half of 2016 showed a strong increase in new supplies with 2,436 units from six projects.