Business News

[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.

[11-05-2015] At present, it is difficult to say with certainty what constitutes a foreign invested enterprise under Vietnamese laws. Some legislation currently in effect suggests that any amount of foreign ownership constitutes a foreign invested company. Meanwhile, other legislation, also currently in use, is taken by many to mean that an enterprise with a threshold of 49 per cent and upwards constitutes a foreign invested enterprise (FIEs).

[10-05-2015] Amata VN PCL, a unit of Thailand's biggest industrial estate developer, Amata Corp PCL, has announced plans to invest in an industrial park in the northern city of Quang Ninh. Somhatai Panichewa, president of Amata VN PCL said it will invest 70% in the joint venture with the remaining 30% owned by the Vietnamese Tuan Chau Group.

[08-05-2015] Real estate developers are anticipating the implementation of the Law on Housing which opens more rights for foreigners to own property in Vietnam this July. Deputy managing director of Savills Vietnam Troy Griffiths has a look at the proposals. Real estate developers are actively preparing to sell housing to foreigners from this July when the revised law on housing comes into force.

[24-04-2015] Real estate will attract lucrative foreign direct investments in 2015 with the market recovering and Viet Nam set to join the Trans-Pacific Partnership agreement and other free trade pacts. The Ministry of Planning and Investment's Foreign Investment Agency (FIA) announced this week that as of March 20, there were 475 foreign direct investment (FDI) projects in the real estate sector with a combined capital of US$48.4 billion.

[21-04-2015] Industrial zone (IZ) development is expected to be one of the three most profitable real estate segments this year. After a long period of sinking like a stone, Kinh Bac Urban Development JSC’s shares have gone up.  The industrial zone development company, owned by Dang Thanh Tam, the richest Vietnamese stock millionaire in 2007, has made profits again after years of taking losses.

[21-04-2015] The disbursement of the VND30-trillion (US$1.38 billion) housing stimulus package has been stagnant, despite the increase in the number of successful transactions in the real estate market.Economists and estate businesses said the market had seen clear improvements.