Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY CONSTRUCTION DEPARTMENT WANTS CRACKDOWN ON DUBIOUS REAL ESTATE ACTIVITIES
The HCM City Department of Construction wants the People's Committee to prevent illegal real estate activities by stepping up propaganda and publicly naming and shaming offenders.
It said the overlaps and contradictions in the real estate laws were making it difficult to find and handle violations such as illegally selling housing plots, spreading of rumours by brokers to drive up prices and collection of excessive deposits from buyers by developers.
The legal system is also cumbersome and complicated.
The high demand for low-income housing has been a major cause of violations, including the sale of agricultural land for residential purposes and illegal division of land plots for sale, according to experts.
Slow implementation of social housing projects exacerbates the problem.
They pointed out that violations occurred nearly everywhere in the city, but especially in outlying areas such as Bình Chánh, Củ Chi and Hóc Môn districts, and in District 9 and Thủ Đức City.
The police have cracked down on many frauds related to land projects, illegal sale of agricultural lands and spreading rumours of rapidly increasing land prices in Thủ Đức City and Củ Chi District.
To prevent further violations, the department also wants the police to closely monitor the real estate market to promptly investigate cases of false information about real estate projects and violations and frauds related to real estate transactions.
Source: VNS
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
VIETNAM ECONOMY INVESTMENT
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
BANKING / FINANCE / INSURANCE / TAX
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
VIETNAM ECONOMY INVESTMENT
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
Events Sponsors
