Business News

[16-12-2015] Foreign companies registered a total of US$2.32 billion for 29 new and 10 operational property projects nationwide in January-November, US $1 billion higher than the same period last year, according to the Foreign Investment Agency.

[07-12-2015] The domestic real estate market continued its recovery in November, and conditions are expected to last into the new year, experts said. The Housing and Real Estate Market Management Department under the Ministry of Construction reported that the Ha Noi property market in November gained a year-on-year increase of 11 per cent with 1,550 successful business transactions.

[04-12-2015] Supply of high-end apartments in Vietnam has grown sharply in recent years but that of condos for low- and medium-income earners has contracted despite huge demand, according to property services provider CB Richard Ellis Vietnam (CBRE). CBRE provided figures about apartment supplies in different segments at a seminar on the domestic property market and opportunities for real estate stocks organized by the Hochiminh Stock Exchange (HOSE) on Monday.

[25-11-2015] Vietnam’s property market is on the way to recovery. Riding this wave, new enterprises in this sector also increase in number. Also the flow of foreign investment is showing signs of returning to Vietnam. These are boosting investors’ confidence.

[23-11-2015] The VND30-trillion (US$1.3 billion) housing stimulus package's disbursement will end in April as more than 70 per cent of it has been handed out, Construction Minister Trinh Dinh Dung said. Responding to a question by Huynh Thanh Lap, head of deputies from HCM City at the question and answer session of the National Assembly agenda.

[17-11-2015] Office-tel developments, which combine residential and commercial uses in one apartment, are mushrooming in HCM City and are expected to lead the market in future. Le Hoang Chau, chairman of the HCM City Real Estate Association, said many developers were now investing in office-tel projects unlike a few years ago, indicating the segment's popularity.

[17-11-2015] Recently the Vietnamese real estate market has experienced strong growth with plentiful supply across all segments and sectors. People now have more choices, trading is getting better and better. However, the market’s recovery doesn’t mean a peace of mind for investors, as the liquidity of the market is concentrated mainly on the medium and high-end segments.

[16-11-2015] Although the Housing Law of 2014 created favorable conditions for foreigners to own houses here, buying a home is still no easy matter for foreigners given the legal complexity of the real estate sector in Vietnam. The following notes may be useful to foreigners thinking of getting on the residential property ladder. First, the buyer must be qualified under the applicable laws.