Want to be in the loop?
subscribe to
our notification
Business News
MINISTRY PROPOSES ALLOWING FOREIGNERS TO BUY, OWN HOUSES IN VIETNAM
The Ministry of Construction has proposed the Government allow foreigners to buy and own houses in Vietnam in the draft Housing Law (amended).
However, in the draft law, expected to be submitted to the National Assembly for consideration and discussion at its 5th session in May and approval at its 6th session, foreigners are not permitted to own houses associated with land use rights.
The ministry also proposed the abolishment of regulations on a fixed term of apartment ownership in the draft law, and the supplementation of regulations related to the term of use and the demolition of old apartment buildings.
It stressed the need to clarify responsibilities of relevant parties in the demolition, renovation and reconstruction of apartment buildings.
According to experts, the regulations on the apartment ownership term should not be included, because it greatly affects the interests of people and the operations of real estate businesses and the market.
Regarding social housing, the draft law removes the requirement that 20% of the land areas of investment projects to build commercial houses and urban areas must be used for social housing construction. The draft law stipulates additional authority of the provincial People’s Committees in using the money to invest in the construction of social housing projects for sale, lease, or lease purchase and housing for workers to rent in the area.
In the real estate market, social housing is currently one of the segments of special interest. Statistics from the Ministry of Construction show that the country has completed 301 social housing projects with 155,800 apartments in urban areas. Currently, 401 projects with 454,360 apartments are underway.
Source: VIR
Related News

WEBINAR: KEY CONSIDERATIONS IN REAL ESTATE AND CONSTRUCTION PROJECTS
Vietnam’s property market is expanding rapidly, but legal challenges are becoming more complex. From hidden clauses in lease agreements to disputes over land use rights, investors and business owners face real risks that can lead to financial loss. That’s why we’re bringing together top industry experts to help you navigate these legal and financial challenges.

SUPPORTING INDUSTRIES KEY TO SUSTAINABLE TEXTILE-GARMENT DEVELOPMENT
In 2025, Vietnam's textile and garment industry targets US$47-48 billion in export revenue, a US$3-4 billion increase from last year. To achieve this, businesses must expand markets and secure a proactive raw material supply while meeting strict standards on transparency, sustainability and labor compliance from key importers like the U.S. and the EU.

RUBBER INDUSTRY TO BOUNCE BACK IN 2025
Vietnam's rubber industry is poised for strong growth in 2025, driven by rising rubber prices, expanding production, and increased export opportunities, despite potential challenges from global trade policies and shifting market dynamics. As global trade dynamics continue to evolve, Vietnam’s rubber industry remains well-positioned to leverage rising prices, supply constraints in competing markets, and increasing demand from key trade partners.

VIỆT NAM'S INDUSTRIAL PRODUCTION SEES 7.2% GROWTH IN TWO MONTHS
Việt Nam’s Index of Industrial Production (IIP) has risen by 7.2 per cent year-on-year in the first two months of 2025, according to the Ministry of Finance's General Statistics Office. In February, the IIP saw a significant year-on-year increase of 17.2 per cent, though it experienced a month-on-month decline of 2.2 per cent, largely due to the timing of the Lunar New Year celebrations, which in 2024 took place entirely in February.

VIỆT NAM'S AGRICULTURAL EXPORTS SURGE TO FIVE-YEAR HIGH
Việt Nam’s agricultural, forestry and fishery exports hit a five-year high in the first two months of 2025, according to data released by the Ministry of Agriculture and Environment on Tuesday. Export turnover reached US$9.38 billion, up 8.3 per cent year-on-year. February alone saw a sharp 32.7 per cent rise to $4.4 billion.

PM PUSHES FOR TRADE BALANCE AMID RISING GLOBAL COMPETITION
With a trade volume nearing $800 billion, Việt Nam ranks 23rd in terms of global exports and 22nd in imports, which represents an average annual growth rate of over 13 per cent since 2007. Amid intensifying trade competition and shifts in tariff policies, Prime Minister Phạm Minh Chính has directed ministries, agencies and local departments to develop comprehensive strategies aimed at achieving a trade balance with key partners.