Business News

[03-03-2015] Hong Kong-based private-equity, real estate and financial investment player Hamon Group and Vietnamese property company SonKim Land have last week signed an agreement to develop a high-end property project in HCM City's in District 2 called Gateway Thao Dien.

[09-02-2015] The new regulation making it mandatory for property developers to make deposits is hurting both enterprises and home-buyers, as it is expected to be eventually absorbed into the selling price. Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), made the remark at a conference to review the real-estate market, which was held in HCM City on Thursday.

[04-02-2015] Foreign investment funds and real estate developers have been looking for cleared land to purchase as the property market is expected to heat up in 2015. A Luxembourg-based investment fund, for example, has been looking for land plots in districts 8, 9, Thu Duc, Binh Tan, Tan Phu and Nha Be.

[03-02-2015] The major difference between Vietnamese-owned and foreign-invested industrial zones (IZs) is that the former aim to lease land to businesses, while the latter, which have had great success, want to provide industrial infrastructure, as required by investors.

[29-01-2015] According to a report by Savills Vietnam on the real estate market of Hanoi, in the the fourth quarter of 2014, the real estate market of Vietnam showed a strong recovery. The risks to projects are now lower, widening the opportunity for investors to participate in the market in 2015.

[29-01-2015] Prime Minister Nguyen Tan Dung has issued special policies for the Van Don Economic Zone in Quang Ninh to invite more investment to the zone as well as the province. PM Dung has added the economic zone (EZ) to the list of coastal EZs to allocate investment for development from the state budget in the 2013-15 period.

[20-01-2015] Rising demand has led property inventory value to decline 21.8% against a year ago to more than VND73.8 trillion (US$3.46 billion), according to a recent report of the Ministry of Construction. The ministry said in the report that there were around 11,450 successful housing transactions in Hanoi and some 10,350 transactions in HCMC last year, a two-fold increase in the capital and a surge of 30% in HCMC.

[19-01-2015] The construction ministry will focus on housing development this year, especially social housing projects, said Minister Trinh Dinh Dung at a meeting yesterday. Dung added that the real estate market was identified as one of the priority sectors of the ministry during this year, adding that it would continue to implement measures to tackle difficulties faced by the realty market in line with the implementation of the national housing development strategy.