REAL ESTATE BUSINESSES EXPAND INTEREST IN AVAILABLE LAND TO THRIVE IN 2025
Real estate companies are vigorously seeking available land to prepare for a new wave of investment in 2025.
The Ministry of Construction’s October report highlighted that legality, liquidity, and land use fees are the primary considerations for businesses selecting land investments.
VINH PHUC FOCUSES ON SUPPORTING INDUSTRIES TO DRAW FOREIGN INVESTMENT
Established in 2001 on over 16 hectares in Khai Quang Industrial Park, Vietnam Precision Industrial No. 1 Co., Ltd (VPIC1) is a key investor contributing significantly to the province. Affiliated with Eurocharm Group (Taiwan), VPIC1 manufactures components for automobiles, motorbikes, snowmobiles and medical equipment.
DANANG MAKES PUSH FOR FREE TRADE ZONE
Danang People’s Committee said that the forum aims to introduce the potential in logistics with the Danang FTZ model to attract investment, as well as enhance exchange activities, and support business connections through exhibitions and introductions of products and services in the industry.
HANOI, HCM CITY APARTMENTS NOW OUT OF REACH FOR MOST LOCALS
According to a recent report by the National Assembly’s supervision delegation on the real estate market laws, policies and social housing development, about 3,63 commercial housing and urban development projects were initiated in 2015-2023, covering a total area of nearly 11,200 hectares.
YEN BAI INDUSTRIAL ZONES AUTHORITY BOOSTING INVESTMENT PROMOTION AND ATTRACTION
The Yen Bai Industrial Zones Authority has actively diversified investment promotion and attraction forms for local industrial zones and achieved positive outcomes in recent years, helping improve the vibrant, high-quality and effective investment and business climate in local industrial zones.
LAND HIKE SHOCK DEEMED NECESSARY
An adjusted land price list in Ho Chi Minh City is set to bring higher compensation for around 80,000 households whose land will be recovered for various projects, but it is also expected to drive up real estate prices. On August 28, Nguyen Toan Thang, director of Ho Chi Minh City Department of Natural Resources and Environment, confirmed that according to the draft, land prices in many areas of the city are expected to increase by up to 50 times.
HANOI’S HIGH-END PROPERTY EXPERIENCES CONTINUOUS CLIMB
Private funding expert Tai Tran said other investment channels are struggling with numerous challenges. “The interest rate is too small to mobilise capital, and gold is managed so no-one can buy SJC, while it is challenging to earn from securities now. So real estate is a good channel and developers are accelerating the process to build and launch new projects at higher prices,” Tran said.
$2.4 BILLION FOREIGN INVESTMENT REGISTERED IN REAL ESTATE IN FIRST EIGHT MONTHS
More than $2.4 billion of foreign investment was newly registered in the real estate sector in the first eight months, over five times higher than the same period last year, and accounting for nearly 20 per cent of the total $12 billion newly registered capital. According to the General Statistics Office, as of August 31, the total foreign direct investment (FDI) registered in Vietnam reached $20.52 billion, an increase of more than 8 per cent over the same period last year.
