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
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY
Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES
On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.
INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH
International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.
HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS
HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.
VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY
Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.
























