Business News

[02-03-2016] Property experts are warning that the draft amended Circular 36 of  the State Bank of Vietnam on credit tightening could have a detrimental effect on the real estate sector, which is still undergoing a process of recovery. According to this draft, loans pouring into the real estate sector are expected to be tightened so as to prevent the sector’s robust growth from turning into a real estate market bubble.

[02-03-2016] Property experts are warning that the draft amended Circular 36 of  the State Bank of Vietnam on credit tightening could have a detrimental effect on the real estate sector, which is still undergoing a process of recovery. According to this draft, loans pouring into the real estate sector are expected to be tightened so as to prevent the sector’s robust growth from turning into a real estate market bubble.

[23-02-2016] The municipal people's committee has promulgated a decision on the land-use plan in 2016 in the city's Hoan Kiem District. Accordingly, the district will have 26 land projects, including 19 unfinished plans of 2015, and seven new ones. About 15.76ha will be allocated for agriculture, while 521.99 ha will be used for non-agricultural purposes.

[16-02-2016] Loans pouring into the real estate sector are expected to be tightened given that the sector is said to be experiencing robust growth. In a draft document issued by the State Bank of Viet Nam circulated for the opinion of financial institutions, the risk index of receivable lending for real estate and securities might be raised from 150 per cent (the lowest level) as stipulated in Circular No 36, to 250 per cent.

[11-02-2016] The recovery of the property market along with many open policies and incentives have created favourable conditions for real estate corporations with strong financial resources. Novaland, for example, a well-known investor, has been involved in many merger & acquisition (M&A) deals in the real estate market in recent years.

[02-02-2016] The government's VND30 trillion (US$1.33 billion) property support package will continue to be implemented until June 1, an official from the central bank said. State Bank of Viet Nam (SBV) Deputy Governor Nguyen Thi Hong affirmed the continuation at the government's meeting last Friday, after some media reports said several credit institutions had stopped financing within the programme.

[01-02-2016] The construction ministry is drafting a circular about the classification of apartment buildings, which is drawing mixed opinions from both experts and developers. According to the draft circular, apartment buildings that were put into use from the beginning of July 2015 would be classified into A, B and C.

[22-01-2016] Around 1,000 foreigners have registered to buy homes in HCMC, especially luxury ones, six months after the 2014 Housing Law went into force, according to the HCMC Real Estate Association (HoREA).