Business News

[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.

[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.