The time needed for completing housing approval procedures in HCMC has been reduced to 15 days from the previous 57 days, Nguyen Toan Thang, director of the municipal Natural Resources and Environment, told a meeting today in the city.
Tien Giang Province has attracted two new investment projects to its industrial parks, with a combined registered capital of VND5.4 trillion (US$232.58 million). Nguyen Thanh Liem, deputy head of the management board for Tien Giang’s industrial parks, said that the province has 101 projects with total registered capital of VND47.8 trillion renting over 529 hectares of land (which covers about 70 per cent of the available land at its four industrial parks).
The central city’s construction department has listed 17 commercial housing projects that allow foreigners to own homes, including eight in Son Tra peninsula and six in the downtown Hai Chau district.
Vietnam’s real estate market must solve many difficulties to increase the number of foreigners buying property in Vietnam, experts said. “To promote foreigners’ trading of real estate products on the local market, Vietnam should increase the portion of property products available for foreigners in each project,” Nguyen Hoai An, director of CBRE Vietnam’s Hanoi, branch told Vietnam News.
“Việt Nam is considered one of 12 nations in the world to have successfully attracted and used FDI to develop the economy and society,” Deputy Prime Minister Vương Đình Huệ said in his speech at the conference titled Institutional and Policy Consultation on FDI in The New Context.
The Mekong Delta province of Tra Vinh has welcomed representatives of seven domestic and foreign firms to learn about the investment and business environment and regulations related to business registration in the locality in the first days of the Lunar New Year.
The northern city of Hai Phong houses 13 industrial parks with 449 projects and intends to build additional five to six others in the coming years. Head of the Hai Phong Economic Zone Management Board Pham Van Moi reported that the city will build five to six industrial parks in the coming time.
The real estate market remains strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure, thus attracting both domestic and foreign investors.