Business News

[14-09-2016] Foreign direct investment in Ho Chi Minh City’s real estate sector continues to rise across residential, office, and retail segments. In the first eight months of 2016, the city’s real estate sector attracted the most foreign direct investment, with capital of $318.9 million so far disbursed. Singapore is the top investor in the local real estate sector, followed by Japan and Korea.

[13-09-2016] Before 2009, it was not possible for a foreign investor to legally acquire a tenancy interest in land for commercial business purposes in Vietnam. As a result of the passage of new legislation since 2009, it is now possible under a limited number of circumstances for foreigners to acquire a long-term tenancy in land for use such as for a factory, warehouse, retail, wholesale or office space.  

[02-09-2016] The tourism property market has been hot this year with many new projects and increasing transaction volumes, insiders said. A report from the Ministry of Construction's Housing and Real Estate Management Department said many new tourism property projects have been on sale since July.

[21-08-2016] The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Pham Hong Ha said.

[21-08-2016] The Ministry of Finance proposed the government should offer a preferential corporate income tax of 10 per cent tor firms that are renovating deteriorating apartment blocks. This is aimed at attracting developers to participate in restoring unsafe old apartment buildings, which are a pressing problem in terms of living standards, safety and the urban landscape in major cities such as Ha Noi and HCM City.

[08-08-2016] The Ministry of Construction has issued Circular No.19/2016/TT-BXD guiding the implementation of the Housing Law and Decree No. 99/2015/ND-CP dated October 20, 2015 of the Government guiding the implementation of the 2014 Housing Law.

[04-08-2016] The company says the project will be built on nearly 1,300ha, 40 per cent of land will be an industrial estate and 60 per cent will be accommodations and commercial buildings. Amata chief executive officer Somhatai Panichewa said total investment for the project is estimated at US$800 million.

[28-07-2016] Making property information available to the public was critical to improve the market's transparency but the information must be adequate and accurate, experts said. The property market information must be adequate and accurate, say experts.