PROPERTY MARKET INFORMATION MUST BE ADEQUATE, ACCURATE

Several property developers voiced their fears in response to an announcement by the HCM City watchdog of publicising the names of developers who have mortgaged their unfinished housing projects. The developers said that inadequate mortgage information was causing confusion and misunderstanding among home buyers and seekers.

Announcing projects which were mortgaged was a drastic move to improve the transparency of the housing market, Le Hoang Chau, president of the HCM City Real Estate Association said. "However, this is creating an erroneous impression that developers named in the list do not have sufficient financial capacity," Chau said.

Châu said that in Viet Nam, property developers relied significantly on banking credits to develop their projects.

Tran Ngoc Quang, general secretary of the Viet Nam Real Estate Association, estimated that more than 70 per cent of capital for the realty market came from banking loans.

Le Hung Manh, chairman of Gia Hoa Company Ltd, who was included in the list, said that many of their buyers were worried by the announcement of the HCM City Department of Natural Resources and Environment as the developer had earlier informed its buyers that it did not borrow money from banks.

Hung said that his company's project was in the list as it was mortgaged to apply for a bank guarantee to undertake transactions for an unfinished property, which was compulsory under the current regulation.

Mortgaging projects for a guarantee to transact unfinished products was beneficial to buyers, lawyer Pham Van Minh from Minh Lawyers said.

According to Chau, even then, there were violations by property developers who used banking loans for incorrect purposes, undermining the confidence of buyers.

The association urged banks to tighten supervision towards the use of credit provided to developers as well as mortgaged assets.

In addition, the Department of Natural Resources and Environment should clarify the purpose of mortgaging each project to prevent confusion, the association said.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

DOING BUSINESS WITH CHINA 2.0

As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.

Apr 17, 2026

HR / LABOUR/ EMPLOYMENT

VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS

Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.

Apr 16, 2026