Business News

[20-10-2015] Residents of high rise apartment buildings are concerned that management boards are squandering maintenance fees. According to the law, the owner of an apartment has to pay an extra two percent of the total apartment sale price for the maintenance of facilities inside the building.

[15-10-2015] Along with the warming up of the property market, idle money was eyeing resort property as a second home and an investment with promising returns. Industry experts found that owning a resort property as a second home was becoming a popular trend amid the country's socio-economic development boosting citizens' income, urging them to look for investment channels for their idle money.

[14-10-2015] Amidst the recovery of the property market, complicated procedures and capped profits have deterred investors from converting their projects into social housing projects, noted the HCM City Real Estate Association. The situation has put developers of many commercial projects that were registered in the past three years to be converted into social housing projects in a dilemma.

[12-10-2015] The Trans-Pacific Partnership (TPP) deal will have a positive impact on the domestic real estate market, while the property market has recovered in the third quarter, experts said. The TPP deal has been struck after five years of negotiations.

[10-10-2015] The Vietnamese retail market has never appeared more attractive to foreign retailers and foreign retail developers, according to the assessment of commercial property and real estate services adviser CBRE.

[30-09-2015] There are many new industrial parks (IP) among 299 measuring about 84,000 ha in Viet Nam, the Department of Economic Zones Management under the Ministry of Planning and Investment said. In September alone, the country had four newly established IPs of Thanh Hai in Ninh Thuan Province, Chu Trinh in Cao Bang Province, Chan Hung in Vinh Phuc Province and Mong Hoa in Hoa Binh Province.

[16-09-2015] The Government recently issued a decree guiding the implementation of the Law on Real Estate Business. The new decree stipulates conditions on real estate business, contract samples, contract transfer, and procedures for transfer of real estate projects. 

[04-09-2015] M&A is an essential component for business and the investment environment. In the real estate development sector, M&A is more essential since it may cleanse the obstacles in the market, and makes it more stable and flowing.