Business News

[24-04-2015] Real estate will attract lucrative foreign direct investments in 2015 with the market recovering and Viet Nam set to join the Trans-Pacific Partnership agreement and other free trade pacts. The Ministry of Planning and Investment's Foreign Investment Agency (FIA) announced this week that as of March 20, there were 475 foreign direct investment (FDI) projects in the real estate sector with a combined capital of US$48.4 billion.

[21-04-2015] Industrial zone (IZ) development is expected to be one of the three most profitable real estate segments this year. After a long period of sinking like a stone, Kinh Bac Urban Development JSC’s shares have gone up.  The industrial zone development company, owned by Dang Thanh Tam, the richest Vietnamese stock millionaire in 2007, has made profits again after years of taking losses.

[21-04-2015] The disbursement of the VND30-trillion (US$1.38 billion) housing stimulus package has been stagnant, despite the increase in the number of successful transactions in the real estate market.Economists and estate businesses said the market had seen clear improvements.

[16-04-2015] The office-for-lease market in HCMC performed better in the first quarter than the final quarter of last year with average occupancy shooting up to a seven-year high, according to property service provider Savills Vietnam. Average occupancy climbed to 91% in the first three months of 2015, up one percentage point compared to the last quarter of 2014 and the same period last year.

[06-04-2015] The real estate market in Ha Noi has seen a strong recovery, especially the luxury apartment segment, the CBRE Viet Nam announced yesterday in Ha Noi. In Q1 2015, the market continued its recovery with the comeback of high-end apartments. Construction of some 4,879 new units has begun among 18 projects, an 82 per cent against the same period in 2014, said Nguyen Hoai An, senior manager at CBRE Viet Nam's Ha Noi branch.

[04-04-2015] Foreign investors have recently poured more money into housing projects, instead of tourism estates, in Vietnam and they have had more confidence in the property market as well at a time when the revised real estate law is about to take effect.

[01-04-2015] The stock market is very sensitive during the annual shareholder meeting season, as key information like capital increase plans or business plans of companies are usually disclosed during this event. This is perhaps a decisive moment for investors to pick up a stock when they see potential. And this year, all eyes are turning to the property businesses.

[25-03-2015] Hong Kong’s Chow Tai Fook and Macau’s Sun City have replaced Genting Berhad Malaysia in a US$4-billion integrated resort project in Quang Nam Province. The government of Quang Nam Province on Monday awarded a revised investment certificate to the South Hoi An resort project with involvement of Chow Tai Fook, Sun City and the project’s existing investor VinaCapital.