Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY REAL ESTATE MARKET REMAINS ON GROWTH PATH
The HCM City property market is expected to remain strong this year thanks to the country’s robust economic growth last year. According to American real estate services firm John Lang LaSalle, mergers and acquisitions in the sector will continue to attract great interest among international investors, especially Japanese, Singaporean, Chinese and South Korean companies, and could reach record levels of almost US$2 billion, up from $1.5 billion last year.
New housing launches will continue at a similar pace as last year and the focus will be on the affordable and mid-priced sectors.
In the office space segment, two grade A buildings were launched at the end of 2017, but there will be no more until 2020. With the occupancy rate being 92 per cent prices are expected to increase.
In other news, Nhip Cau Dau Tu (Investment Bridge) magazine will give away the 2017 Outstanding Real Estate awards at a ceremony later this month.
The awards are based on business achievements and management in the real estate sector.
They will be given in the following categories: outstanding designer; outstanding developer; outstanding distributor; construction materials provider and construction enterprises; real estate business people of the year; best feng shui project; and best public infrastructure project.
Source: VIR
Related News
CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1
Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
NATION URGED TO BUILD ON ECO-IP MODEL
Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
DEMAND SOARS, POWER ECONOMY URGED
The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.