Business News

CBRE Vietnam was honoured with three first prizes in important categories at the Asia Pacific Property Awards 2017. The company won “Best Real Estate Agency in Vietnam,” “Best Lettings Agency in Vietnam” and the “Property Consultancy Award” at the ceremony that took place in Bangkok earlier this month.

Real estate sales in May rose slightly month-on-month, compared with the first quarter this year, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.

Mergers and acquisitions (M&A) in the real estate sector have been very active in the past few years, despite positive macroeconomic impacts. According to real estate specialists, M&As will be still very vigorous in the coming time.

Experts claim that despite the 2014 policy permitting non-Vietnamese citizens to purchase houses in Vietnam, variations in the interpretations of the policy leave investors sceptical and unsure about how to calculate risk.

60 real estate projects on the list (see below) which has been submitted to the prime minister (PM) are going to be investigated for signs of violations.

The Vietnam Real Estate Association (VNREA) said that since banks raised long-term deposit rates (through certificates of deposit), lending rates have been placed under growing upward pressures. This may adversely affect the real estate market. However, the second quarter is expected to witness better performance.

The northern province of Ha Nam aims to lure 130-150 projects to its industrial parks (IP) in 2017-2020, with total investment of up to VND50 trillion (US$2.19 billion), including US$1.5-1.8 billion in foreign investment.

The southern province of Long An has launched a number of measures to improve the investment environment and raise the provincial competitiveness index (PCI). By 2020, the province strives to become a modern and sustainable industrial province.