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PROPERTY / INDUSTRIAL ZONE

EXPANDED LAND USE RIGHTS EXPECTED TO ATTRACT OV INVESTMENT IN REAL ESTATE

The expansion of land use rights for overseas Vietnamese (OV) in the recently passed 2024 Land Law is good news for OVs who want to own real estate in Vietnam, said experts from Savills Vietnam.

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PROPERTY / INDUSTRIAL ZONE

HAU GIANG INDUSTRIAL ZONES AUTHORITY: ACTIVELY SUPPORTING BUSINESSES AND ATTRACTING INVESTORS

Hau Giang Industrial Zones Authority, established under the Prime Minister’s Decision 366/QD-TTg dated March 29, 2007, performs functions and tasks assigned by Decision 02/2023 /QD-UBND dated January 4, 2023 of the Hau Giang Provincial People's Committee on its functions, tasks, powers and organizational structure. During 17 years of construction and development, the authority has affirmed its role, position and name and made effective contributions to local socioeconomic development.

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PROPERTY / INDUSTRIAL ZONE

RESORT REAL ESTATE MARKET SHOWS POSITIVE SIGNS

The resort real estate market is recording positive signs as demand, in both domestic and international tourist markets, is gradually recovering at a stable pace, thereby helping strengthen trust in the industry, according to Mauro Gasparotti, Director of Savills Hotels.

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PROPERTY / INDUSTRIAL ZONE

EXPERTS UPBEAT ABOUT REAL ESTATE PROSPECTS

About 85 per cent of the rapidly growing companies in Vietnam are committed to the environmental, social, and corporate governance (ESG) standard, creating an increase in demand for green-standard office space in the market. By 2026, Ho Chi Minh City is expected to provide 300,000 more square meters of new Grade A office space, such as The Nexus project or VP Bank Saigon Tower. Moreover, over 80% of the future Grade A and Grade B office supply in the southern economic hub will meet green standards.

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PROPERTY / INDUSTRIAL ZONE

REVISED RULES SET TO EXPAND OPTIONS FOR OVERSEAS NATIONALS TO OWN PROPERTY

According to real estate law expert Nguyen Van Dinh, new laws coming into effect in 2025 will allow Vietnamese nationals residing abroad to carry out real estate business and own property the same as Vietnamese.

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PROPERTY / INDUSTRIAL ZONE

REAL ESTATE IN VIỆT NAM ATTRACTIVE TO FDI, FOREIGNERS

As much as US$1.27 billion of FDI was poured into real estate in January, accounting for 53.9 per cent of the total registered capital and doubling the figure recorded in the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

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PROPERTY / INDUSTRIAL ZONE

REVISED RULES SET TO EXPAND OPTIONS FOR OVERSEAS NATIONALS TO OWN PROPERTY

“Overseas Vietnamese will be allowed to invest in building houses and construction projects for sale, lease, or lease purchase, and investing in the technical infrastructure in real estate projects for transfer, lease, and subleasing land use rights that already have technical infrastructure,” said Dinh.

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PROPERTY / INDUSTRIAL ZONE

LAND LAW UPDATES OFFER GRAND REAL ESTATE FOUNDATION

At an extraordinary session in Hanoi on January 18, the 16 chapters and 260 articles of the law were given the green light. According to Vu Hong Thanh, Chairman of the National Assembly’s Economic Committee, the law has been prepared thoroughly by authorities at various levels.


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