Want to be in the loop?
subscribe to
our notification
Business News
CONSTRUCTION RULES TO BE CUT
The Ministry of Construction is preparing to propose huge changes in construction regulations in order to improve the climate for construction and real estate business.
Tong Thi Hanh, director of the ministry’s Legal Department, said at a conference held on Wednesday that the ministry was compiling a law which would amend several points of four existing laws, including the Law on Construction 2014, the Law on Housing 2014, the Law on Real Estate Business 2014 and the Law on Urban Planning 2009.
Hanh said that it was critical to amend the shortcomings in these laws. For example, the procedures for granting construction permits remained complicated and time-consuming, causing problems for firms.
The recent issuance of new laws such as the Law on Planning also required amendments to the legal framework in the construction and real estate business sector to ensure consistency in the legal system, Hanh said.
In addition, a decree would be compiled to remove 41.3 per cent of the existing construction business prerequisites while simplifying another 43.7 per cent.
Hanh said that all the changes would aim to create favourable conditions for construction and real estate businesses.
The ministry planned to propose the draft law to the Government in March 2018 and bring it to the National Assembly for discussion in May and October.
The ministry expected that the proposed law would be passed and come into effect from the beginning of 2019.
According to Nguyen Quoc Hiep, chairman of the Viet Nam Association of Construction Contractors, the draft amendments must be given careful consideration because regulations in the construction sector were causing problems for firms.
Hiep said that it took his company three months to get the construction permit for a project of 42 townhouses due to the lack of clarity over whether district or provincial authorities had jurisdiction to grant the permit.
In addition, small changes in construction plans should not require a new permit, Hiep said.
“Simplifying administrative procedures in construction and real estate sector is really urgent,” Hiep said.
Source: VIR
Related News
GOLDEN DEAL, KNOCK-DOWN OFFER
Are you ready for a fun-filled family vacation. Don't miss the super attractive Family Staycation package at Becamex Hotel. 2 days 1 night package with full amenities and free activities: Buffet breakfast, Swimming, tennis, bicycle, gym, sauna, cool ice cream, 300.000 VND service voucher and many other offers! Contact now for detailed advice.
"BEARY CHRISTMAS" CHARITY PROGRAM
As the Festive Season approaches, Caravelle Saigon, in collaboration with VinaCapital Foundation (VCF), is bringing a heartwarming charitable initiative to life — and we are delighted to invite all HKBAV members to take part in the very first “Beary Christmas” Charity Program. By adopting a Caravelle Bear for VND 299,000 nett, you will be directly supporting children battling cancer in Vietnam through VCF’s Can-Care/Can-Clover Program.
SOILBUILD INTERNATIONAL WINS “BEST INDUSTRIAL DEVELOPMENT” AWARD FOR SPECTRUM NGHE AN AT THE PROPERTYGURU VIETNAM PROPERTY AWARDS 2025
Soilbuild International is pleased to announce that its project, Spectrum Nghe An, has been awarded Best Industrial Development at the PropertyGuru Vietnam Property Awards 2025, held on 24th of October 2025, in Ho Chi Minh City. The PropertyGuru Vietnam Property Awards is part of the prestigious PropertyGuru Asia Property Awards series, the largest and most respected real estate awards programme in Asia.
WEBINAR: 2025 VIETNAM KEY TAX FINALISATION, UPDATES ON TAX CHANGES AND GLOBAL MINIMUM TAX
Dear Valued Client,We would like to invite you to our webinars on Friday, 12 December 2025, and Tuesday, 16 December 2025, to review and learn about key 2025 tax finalisation topics and stay ahead with the latest tax changes.
NEW ECONOMIC POLICIES EFFECTIVE THIS DECEMBER
Government Decree 304/2025, effective December 1, sets stricter conditions for seizing collateral, especially assets that are a borrower’s sole residence or essential work tools. In such cases, lenders must set aside a compensation amount equivalent to six to twelve months of minimum wage. The measure aims to improve transparency in bad debt handling and reduce credit risk in the banking system.
QUANG NINH TARGETS VND58 TRILLION IN TOURISM REVENUE
Quang Ninh Province is aiming to generate VND58 trillion in tourism revenue this year after surpassing its goal of 21 million visitors, driven by new tourism products, expanded nighttime activities, and large-scale events. As of mid-November 2025, Quang Ninh had welcomed 21.28 million visitors, up 12% year-on-year. Tourism revenue reached at least VND57 trillion, a 22.46% increase from the same period last year. With its visitor target achieved, the province is now pushing toward its revenue goal of VND58 trillion.
























