Business News

[16-04-2015] The office-for-lease market in HCMC performed better in the first quarter than the final quarter of last year with average occupancy shooting up to a seven-year high, according to property service provider Savills Vietnam. Average occupancy climbed to 91% in the first three months of 2015, up one percentage point compared to the last quarter of 2014 and the same period last year.

[06-04-2015] The real estate market in Ha Noi has seen a strong recovery, especially the luxury apartment segment, the CBRE Viet Nam announced yesterday in Ha Noi. In Q1 2015, the market continued its recovery with the comeback of high-end apartments. Construction of some 4,879 new units has begun among 18 projects, an 82 per cent against the same period in 2014, said Nguyen Hoai An, senior manager at CBRE Viet Nam's Ha Noi branch.

[04-04-2015] Foreign investors have recently poured more money into housing projects, instead of tourism estates, in Vietnam and they have had more confidence in the property market as well at a time when the revised real estate law is about to take effect.

[01-04-2015] The stock market is very sensitive during the annual shareholder meeting season, as key information like capital increase plans or business plans of companies are usually disclosed during this event. This is perhaps a decisive moment for investors to pick up a stock when they see potential. And this year, all eyes are turning to the property businesses.

[25-03-2015] Hong Kong’s Chow Tai Fook and Macau’s Sun City have replaced Genting Berhad Malaysia in a US$4-billion integrated resort project in Quang Nam Province. The government of Quang Nam Province on Monday awarded a revised investment certificate to the South Hoi An resort project with involvement of Chow Tai Fook, Sun City and the project’s existing investor VinaCapital.

[25-03-2015] Hoa Binh Group has become the first local developer to capitalise on the amended Residential Housing Law to sell apartments to foreigners. The company has announced that it will earmark a large number of apartments at Hoa Binh Green City project in Hanoi for sales to expats once the law takes effect on July 1, 2015.

[23-03-2015] Deputy Prime Minister Hoang Trung Hai asked the Ministry of Investment and Planning yesterday to aggressively demolish industrial zones which are not operating effectively or facing difficulty in attracting investment. Hai made the request at a meeting between the Steering Committee on Development of Economic Zones and Industrial Zones, and management boards of local economic zones (EZs) and industrial parks (IPs) held in Ha Noi.

[20-03-2015] The Ministry of Planning and Investment has released the information about the development of economic zones (EZ) and industrial parks (IP) in 2014. Accordingly, in 2014, five IPs were set up; seven were expanded and two had investment certificates withdrawn. At the end of 2014, as many as 295 IPs were established on a total area of 84,000 ha, of which 212 are operating.