Business News

[20-01-2015] Rising demand has led property inventory value to decline 21.8% against a year ago to more than VND73.8 trillion (US$3.46 billion), according to a recent report of the Ministry of Construction. The ministry said in the report that there were around 11,450 successful housing transactions in Hanoi and some 10,350 transactions in HCMC last year, a two-fold increase in the capital and a surge of 30% in HCMC.

[19-01-2015] The construction ministry will focus on housing development this year, especially social housing projects, said Minister Trinh Dinh Dung at a meeting yesterday. Dung added that the real estate market was identified as one of the priority sectors of the ministry during this year, adding that it would continue to implement measures to tackle difficulties faced by the realty market in line with the implementation of the national housing development strategy.

[18-01-2015] HCM City is targeting to lure USD700 million of investment into its industrial zones and export processing zones in 2015, said the management board of the city’s Export Processing and Industrial Zone Authority (Hepza). According to the Head of Hepza Investment Management Office Tran Viet Ha, the zones attracted a total of USD752 million of investment in 2014, up 23 percent compared to 2013.

[14-01-2015] The recent National Assembly session passed the Law on Enterprise, Law on Investment, Law on Residential Housing and Law on Real Estate Business. These new laws contain provisions which help to create a more transparent, consistent and conducive legal environment for domestic and foreign real estate investors alike.

[14-01-2015] Thai industrial city developer Amata will invest in three new high-tech industrial park and urban development projects in the southern Dong Nai province, news website dddn.com.vn reported on January 13. Amata Viet Nam Public Limited will be the investor of a 753ha urban development project in the province's Tam An commune in Long Thanh district.

[13-01-2015] Following the relatively good figures in the fourth quarter of 2014, the retail market in Ho Chi Minh City is forecast to become better this year. According to CBRE Vietnam, Ho Chi Minh City welcomed five new retail properties in the beginning of 2015, providing more than 100,000 square metres gross floor area (GFA) to the market.

[12-01-2915] Experts at foreign property consulting firms expect the property market in Ha Noi to rebound strongly this year, owing to robust sales of apartments during the last quarter of 2014. The Savills Viet Nam Ltd Company pointed out that six new housing projects, with approximately 2,900 units, have been launched recently. This reflects the highest number since the second quarter of 2013.

[09-01-2015] The housing market in this southern city performed strongly during the fourth quarter of last year, according to a Savills Viet Nam report released on January 8. The total villa/townhouse transactions during the fourth quarter surged sharply by 56 per cent quarter-on-quarter, and the absorption rate for this segment was 37 per cent, up 3 percentage points from the previous quarter.