HO CHI MINH CITY SUGGESTS HALVING LAND LEASE TAX FOR REAL ESTATE COMPANIES
Ho Chi Minh City People’s Committee has just submitted a proposal to the prime minister to introduce a range of supportive measures to help out the real estate market which has been strongly impacted by the coronavirus.
EXPERTS OPTIMISTIC ABOUT INDUSTRIAL PROPERTY PROSPECTS
Economic expert Le Xuan Nghia said that Vietnam was part of a number of free trade deals, which together with the Government’s open policies, made Vietnam an increasingly attractive destination to foreign investors.
BOOSTING INVESTMENT INTO SPECIALISED INDUSTRIAL PARKS
There are two reasons behind a potential investment expansion of Vietnam Japan Technology Park (Vie-Pan Techno Park), according to Ho Xuan Loc, representing the project developer Vietnam Japan Technology Park Co., Ltd. based in Ho Chi Minh City. The project is located in Hiep Phuoc Industrial Park.
HCM CITY INDUSTRIAL PARKS, EXPORT PROCESSING ZONES NEED REVAMP TO ATTRACT INVESTMENT
There are 17 industrial parks and processing zones in the city and they have an occupation rate of 68 per cent, with specialised industrial parks, except the Quang Trung Software City, not attracting much interest from enterprises.
ENCOURAGING SIGNS IN REAL ESTATE ARENA
Due to orders from local authorities to avoid holding public events during the current global coronavirus scare, real estate developers have been delaying their launch ceremonies to introduce products to the market. Buyers are instead seeking information via online channels rather than such events.
NEWLY ISSUED DECREE 25 UNPLUGS BOTTLENECKS FOR REAL ESTATE PROJECTS
Decree No.25/2020/ND-CP (Decree 25) issued by the prime minister on February 28, 2020 has broken through the biggest obstacles facing real estate projects nationwide in land bidding and implementation.
HAI PHONG EYES NEW INDUSTRIAL ZONES THIS YEAR
Among these zones are the 752ha Xuan Cau-Cat Hai industrial and non-tariff zone worth more than VND14.1 trillion (US$61 million), and the 93.3ha Cau Cuu-An Lao IZ expected to cost VND845 billion ($36.3 million). The two projects are being verified by the Ministry of Planning and Investment and will be submitted to the Prime Minister for approval later.
HO CHI MINH CITY LUXURY RESIDENTIAL MARKET SHOWS BRIGHT PROSPECTS FOR 2020
Property Insight – a multi-dimensional and in-depth information channel on the real estate market – in collaboration with CBRE Vietnam, recently organised the Property Insight – Residential Market Outlook for 2020 seminar. The programme provided investors, real estate developers, and homebuyers an overview of the domestic market in 2019 and forecasts for 2020.
