Business News

[27-04-2016] Kinh Bac City Development Holding Corporation considers seeking investors to co-develop its long list of projects in Vietnam. In its shareholders’ meeting held recently in the northern province of Bac Ninh, Kinh Bac City Development Holding Corporation chairman Dang Thanh Tam said that foreign funds from Singapore, Hong Kong, Malaysia, Thailand, and Finland had advised the company to find more foreign partners to co-invest in its current projects.

[22-04-2016] The real estate market in Viet Nam will see a growing number of property developments which offer quality living environments and amenities as developers are moving to meet the market demand amidst an improved economy.

[20-04-2016] A range of locally listed firms with real estate interests have both lifted their foreign ownership limit to 60 per cent and purchase shares in order to access foreign funding for the development of their various projects.

[18-04-2016] The real estate market in Vietnam has seen groundbreaking merger and acquisition deals during this year’s first quarter, with the total monetary volume reaching several hundred million dollars. The deals were made by both local and overseas players looking to consolidate their presence in Vietnam.

[07-04-2016] Real estate is one of the areas that attracts great interest from investors in Viet Nam. However, investment in this sector is currently restricted by quite a few regulations.

[05-04-2016] No more Grade A building will enter the office market later in 2016, according to CBRE Vietnam. At its April 5 press conference reviewing the first quarter of Hanoi’s property market and provide forecasts for 2016, CBRE expected that approximately 290,000 square metres would come on stream throughout the year.

[04-04-2016] Prime Minister Nguyen Tan Dung has approved the State Bank of Vi?t Nam's (SBV) proposal to extend the VNÐ30 trillion (US$1.3 billion) housing stimulus package until disbursement of all associated funds is completed. Dung asked the central bank to complete disbursement of the stimulus package with a preferential interest rate, instead of closing it on June 1.

[05-04-2016] Real estate developers are raising their land funds via mergers and acquisitions as well as stock purchases, instead of conducting land clearances and compensation, which often take time and money. According to Alex Crane, general director of Cushman & Wakefield Vietnam, foreign developers in particular are using mergers and acquisitions (M&As) and buying stakes to raise land funds.