Business News

[04-06-0215] Viet Nam's leading real estate developer and fund manager Indochina Land has announced its exit from a portion of its Indochina Land Holdings 2 (ILH2) portfolio. The property company said several assets have been sold, as part of its unwinding process, to a fund managed by Gaw Capital Partners (Gaw), a real estate fund manager head-quartered in Hong Kong.

[02-06-2015] Foreign industrial zone developers are leading the way in the development of eco-industrial parks (EIZ) in Vietnam. VSIP Nghe An is expected to kick off this September, according to Nghe An provincial authorities. This will be an EIZ to cover an area of 1,400 hectares with investment capital of VND3 trillion in the first phase of the project.

[01-06-2015] A credit package worth some VND20 trillion (US$952.38 million) will be released to support homebuyers interested in commercial and urban housing projects, reported Xay Dung, the Ministry of Construction's e-paper. The ministry made the announcement in a document sent to the government office, whereby it approved the lending programme suggested by the State Bank of Viet Nam.

[22-05-2015] As liquidity increases in the real estate market, opportunities are arising in Ho Chi Minh City’s up-market housing sector. Managing director of Savills Vietnam Neil MacGregor told VIR that he was witnessing a period of rapid change in the high-end real estate market with a growing number of excellent, international-quality developments set to enter the country throughout 2015.

[26-05-2015] The Law on Special Economic Zones is expected to help Vietnam to make a great leap forward although it is introduced later than expected. This is perhaps an important testing agent for the 30-year reform process of Vietnam, especially when the country is determined to basically complete the regime of socialist-oriented market economy by 2020 built from common standards of modern market economy and international integration.

[27-05-2015] Dai Quang Minh Corporation has said apartments in its Sala Urban Area, which it is developing in Thu Thiem in HCM City, will cost from VND 40 million per square metre plus value-added tax. It said it would start selling the apartments on June 7.

[25-05-2015] Mark Cameron of the UK, who lives and works in Viet Nam, believes that he will be able own residential property thanks to the revised Law on Housing, which has removed prior restrictions on foreigners from buying property in the country. It will take effect next month.

[14-05-2015] The property market in Vietnam is showing signs of getting warmer and industry insiders do not think there will be another real estate bubble as there was seven years ago. The latest housing bubble occurred in Vietnam in the 2007-2008 period, when investors rushed to the realty sector after the stock market went into a crisis.