Business News

[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.

[08-06-2016] Industrial zones attracted nearly US$150 billion in foreign direct investment (FDI) for 7,540 projects till May, a report by the Ministry of Planning and Investment's Economic Zones Management Department revealed.

[03-06-2016] As many as 2,500 hotel rooms were provided from six large projects operating in hotel management and hospitability industry in the first half of 2016 in the central city of Da Nang. 89% of the rooms was built in Riverfront Condotel Vinpearl Da Nang, Ariyana Beach Resort & Suite Da Nang, Alphanam Luxury Apartment and Ocean Suite (Zone B) projects.

[31-05-2016] Rising demand in Viet Nam's residential segment is expected to sustain solid growth in the construction industry, though delays to accompanying infrastructure projects and tighter credit conditions could slow the pace of development.

[23-05-2016] Vietnam’s real estate market has been experiencing something of a heatwave over the past few months. JLL Vietnam country head, Stephen Wyatt, said that with the economy back on track, the property market had gathered momentum over the past 18 months, focused mainly on the residential sectors in major cities like Ho Chi Minh City and Hanoi.

[18-05-2016] The domestic property market this year would see “hot” development as Viet Nam would be one of five best prospective markets in the Asian region, experts said. Marc Townsend, CBRE Viet Nam Director told the “Real Estate Conference 2016: New Hopes, New Challenges” held in Ha Noi yesterday that the country’s real estate market had gradually recovered from the global financial crisis in 2008.