HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS

Aerial view of residential projects in HCMC – PHOTO: VIET DUNG

HCMC – 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.

In Phu Thuan Ward, four projects have been included: the Tan Phong commercial condo project, the New Sun mixed-use condo complex, the Phu My high-rise condo project, and the Lux Star development.

Hiep Binh Ward also has four approved projects, comprising the Thu Duc high-rise mixed-use housing project, Opal Riverview residential area, a high-rise condo project on Street 27, and the Cienco 60 Complex.

Three land plots in Tan Thuan Ward are earmarked for development, including the Thanh Yen mixed-use complex, the Thien Ha complex, and a commercial housing and services complex in Tan Thuan Dong.

In the western part of the city, the approved projects include the Tan Kien high-rise commercial and service apartment complex in Tan Nhut Commune, the Hoang Long residential area in Ba Diem Commune, and the Yen Phuong housing project in Xuan Thoi Son Commune.

Other projects include a housing development on a 29,000-square-meter site in Thu Duc Ward, the Opal City project in Phuoc Long Ward, a commercial-service and apartment complex in Cat Lai Ward, and the Lang Toi housing project in An Khanh Ward. Additional wards with one approved land plot each are Cat Lai, Phu Thanh, Tang Nhon Phu, Long Phuoc, An Lac, Linh Xuan, and Tan Hung.

City authorities require the pilot projects to be implemented in a transparent and efficient manner, ensuring feasibility and adherence to approved timelines, particularly in areas registering multiple developments.

With the addition of these 28 sites, HCMC now has 182 land plots designated for pilot housing projects, totaling nearly 14.2 million square meters. The move is expected to help increase housing supply and ease land-related bottlenecks in the property market.

The city said it will continue reviewing eligible land plots for inclusion in the pilot program to provide clearer legal grounds for developers to roll out commercial housing projects.

The initiative is implemented under the National Assembly’s Resolution 71, which allows commercial housing investment through agreements on land-use rights or on land already held by investors. The resolution also broadens the scope for land-use right transfers and land-use purpose conversion, provided they align with local planning and housing development plans.

Source: The Saigon Times

Related News

BANKING / FINANCE / INSURANCE / TAX

BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY

Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY

According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS

Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1

Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.

Apr 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

DONG THAP PROPOSES SEVEN MAJOR INFRASTRUCTURE PROJECTS TO BOOST CONNECTIVITY

Authorities in the Mekong Delta province of Dong Thap have proposed seven major expressway and national highway projects for 2026-2030, with total capital estimated at around VND47.9 trillion. Central government funding is expected to account for the bulk, at about VND45.8 trillion, while the province will contribute more than VND2.1 trillion in counterpart capital.

Apr 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Apr 23, 2026