NEW LAWS AIM TO RESOLVE PROPERTY MARKET'S ISSUES
Insiders have praised the new laws' effects, which include the 2024 Land Law, the 2023 Real Estate Business Law and the 2023 Housing Law, in directing the market's structure and its business scale as new regulations aimed at creating a more favourable environment for property developers and their projects alike.
INDUSTRIAL PROPERTY COULD BECOME NEXT KEY FDI MAGNET
Experts at last week’s Vietnam Industrial Property Forum 2024, co-organised by Vietnam Investment Review and the Vietnam Industrial Real Estate Association in Ho Chi Minh City, confirmed that stable foreign investment growth is providing a strong foundation for the industrial property sector.
KCN VIETNAM AIMS FOR GREEN CERTIFICATION IN FUTURE PROJECTS
KCN Vietnam Group JSC. (KCN Vietnam Group), a professional industrial property developer, on July 29, 2024, officially announced its green building development agenda, endeavoring to achieve green, sustainability standards and certifications.
REAL ESTATE FIRMS AGGRESSIVELY RESTRUCTURING BOND DEBT
From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 per cent of this value was from the banking sector, while real estate bonds accounted for only 24.6 per cent, or over VNĐ34.5 trillion.
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
LAND LAW 2024 DISSEMINATED TO VIETNAMESE COMMUNITY ABROAD
The Ministry of Foreign Affairs' State Committee for Overseas Vietnamese (SCOV) in coordination with the Hanoi Bar Association organised a conference on June 27 to popularise regulations and laws regarding the Land Law 2024 of Vietnam to overseas Vietnamese (OVs).
INDUSTRIAL PROPERTY EXPANDED TO WELCOME FOREIGN-LED CAPITAL
Large manufacturers continue to see Vietnam as a potential candidate in their supply chain diversification strategies. Big moves in early 2024 included the microchip project of US firm Coherent and a scheme to build warehouses for rent by Singapore’s SLP in the southern province of Dong Nai.
