Want to be in the loop?
subscribe to
our notification
Business News
CONSTRUCTION RULES TO BE CUT
The Ministry of Construction is preparing to propose huge changes in construction regulations in order to improve the climate for construction and real estate business.
Tong Thi Hanh, director of the ministry’s Legal Department, said at a conference held on Wednesday that the ministry was compiling a law which would amend several points of four existing laws, including the Law on Construction 2014, the Law on Housing 2014, the Law on Real Estate Business 2014 and the Law on Urban Planning 2009.
Hanh said that it was critical to amend the shortcomings in these laws. For example, the procedures for granting construction permits remained complicated and time-consuming, causing problems for firms.
The recent issuance of new laws such as the Law on Planning also required amendments to the legal framework in the construction and real estate business sector to ensure consistency in the legal system, Hanh said.
In addition, a decree would be compiled to remove 41.3 per cent of the existing construction business prerequisites while simplifying another 43.7 per cent.
Hanh said that all the changes would aim to create favourable conditions for construction and real estate businesses.
The ministry planned to propose the draft law to the Government in March 2018 and bring it to the National Assembly for discussion in May and October.
The ministry expected that the proposed law would be passed and come into effect from the beginning of 2019.
According to Nguyen Quoc Hiep, chairman of the Viet Nam Association of Construction Contractors, the draft amendments must be given careful consideration because regulations in the construction sector were causing problems for firms.
Hiep said that it took his company three months to get the construction permit for a project of 42 townhouses due to the lack of clarity over whether district or provincial authorities had jurisdiction to grant the permit.
In addition, small changes in construction plans should not require a new permit, Hiep said.
“Simplifying administrative procedures in construction and real estate sector is really urgent,” Hiep said.
Source: VIR
Related News
A STELLAR CHRISTMAS AT SOFITEL SAIGON PLAZA
Experience the magic of year-end celebrations in five-star luxury, where Parisian elegance meets Saigon’s festive vibrancy. Discover your Stellar Christmas moments: https://sofitel-saigon-plaza.com/festive-offer-2025
CONSTRUCTION SECTOR POSTS OVER 9% GROWTH IN 2025
Industries under the ministry’s management accounted for an estimated 17.23% of national gross domestic product (GDP), up about 0.17 percentage point from 2024. They contributed around 1.96 percentage points to overall GDP growth, reported the Vietnam News Agency. The contribution helped push Vietnam’s economic growth to above 8% in 2025 and supports the Government’s aim of pursuing double-digit growth in the coming years.
VIETNAM PUTS PUBLIC INVESTMENT DISBURSEMENTS AT VND603.6 TRILLION
Vietnam’s public investment disbursements had amounted to VND603.6 trillion in the year to December 18, equivalent to 66.1% of the plan assigned by the prime minister. According to the Ministry of Finance, actual disbursements by December 11 had totaled VND577.7 trillion, or 63.3% of the prime minister-approved plan of VND913.2 trillion, the Vietnam News Agency reported.
SHINE INTO 2026 AT HOIANA RESORT & GOLF!
This New Year’s Eve, celebrate where the sea meets the sky. Vibrant performances, festive dining, DJ beats, live bands and dazzling fireworks come together for one unforgettable night. From beachfront countdown moments to curated New Year’s Eve dinners across Hoiana, every detail is designed to welcome 2026 in style.
VIETNAM’S TRADE SET TO SURPASS US$900 BILLION FOR FIRST TIME
Vietnam’s total import-export turnover is expected to reach about US$920 billion by the end of the year, marking the first time the country’s trade value has exceeded the US$900-billion mark. As of December 15, Vietnam’s total trade turnover stood at US$883.7 billion, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
GLOBAL SOURCING FAIR VIETNAM 2026 – THE TRULY GLOBAL B2B SOURCING SHOW IN VIETNAM TO EXPAND & DIVERSIFY YOUR EXPORT MARKETS WORLDWIDE
The 4th edition of Global Sourcing Fair Vietnam returns in 2026 with an impressive scale, featuring 700 booths showcasing Fashion & Accessories, Home & Gifts, and the newly introduced Printing & Packaging Products from 500+ verified suppliers across Vietnam and Asia – including Mainland China, Taiwan, Hong Kong SAR, South Korea, India, Bangladesh, ASEAN, and more.
























