Business News

[05-06-2015] Foreign investors have shown rising interest in Vietnam’s property market due to a lack of alternative markets and the nation’s attractive rental yields, said a CapitaLand senior executive. With the lacklustre performance of real estate markets in the region, Vietnam has the high possibility of taking over other regional property markets.

[04-06-0215] Viet Nam's leading real estate developer and fund manager Indochina Land has announced its exit from a portion of its Indochina Land Holdings 2 (ILH2) portfolio. The property company said several assets have been sold, as part of its unwinding process, to a fund managed by Gaw Capital Partners (Gaw), a real estate fund manager head-quartered in Hong Kong.

[05-06-2015] Prime Minister Nguyen Tan Dung has approved the establishment of Ha Noi Industrial Garment and Textile University, which was originally Ha Noi College for Textile, Garment and Fashion in Ha Noi. The university will operate as a self-run model under the management of the education and training ministry.

[05-06-2015] The December 2014 & March 2015 combined issue of Indochina Law Quarterly for your reference. In this issue, you will find reports on a number of important legal and economic developments in Laos, Cambodia, and Vietnam from September 2014 to March 2015.

[03-06-2015] Textile and garment industries, as well as leather and footwear, recorded high growth in production and exports during the first five months of this year. The Ministry of Industry and Trade reported on Monday that in the first five months of this year, the textile and garment industry produced 118.2 million sq.m. of natural fibre (a year-on-year increase of 2.3 per cent), 287.1 million sq.m. of synthetic and artificial fibre (a year-on-year surge of 1.8 per cent), and 1.21 billion units of cloths (a year-on-year surge of 2.3 per cent).

[02-06-2015] Foreign industrial zone developers are leading the way in the development of eco-industrial parks (EIZ) in Vietnam. VSIP Nghe An is expected to kick off this September, according to Nghe An provincial authorities. This will be an EIZ to cover an area of 1,400 hectares with investment capital of VND3 trillion in the first phase of the project.

[01-06-2015] A credit package worth some VND20 trillion (US$952.38 million) will be released to support homebuyers interested in commercial and urban housing projects, reported Xay Dung, the Ministry of Construction's e-paper. The ministry made the announcement in a document sent to the government office, whereby it approved the lending programme suggested by the State Bank of Viet Nam.

[22-05-2015] As liquidity increases in the real estate market, opportunities are arising in Ho Chi Minh City’s up-market housing sector. Managing director of Savills Vietnam Neil MacGregor told VIR that he was witnessing a period of rapid change in the high-end real estate market with a growing number of excellent, international-quality developments set to enter the country throughout 2015.