Vietnam should tax properties not used by owners to combat speculation: expert
Major cities have become completely void of low-cost apartments, making it increasingly unattainable for migrant workers to settle; therefore, property tax policies should be adopted to dampen speculation, writes Nguyen Van Dinh, a real estate legal consultant and former Construction Ministry officer.
Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property prices may rise on back of new rules: expert
Property prices in Vietnam are set to climb next year when amended laws take effect, with improvements to the quantity and quality of projects reaching the market, said Le Bao Long, director of strategy at property website Batdongsan.com.vn, under Singaporean firm PropertyGuru.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Central Highlands province revokes 13.2 hectares designated for solar power project
Vietnam’s Central Highlands province of Dak Lak has revoked 13.2 hectares of land designated for a solar farm project to private multi-sector corporation Xuan Thien Group.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament to vote on landmark laws on land, credit institutions next week
The National Assembly, Vietnam’s highest legislative body, is set to conduct an extraordinary meeting next week, featuring votes on the draft amended laws on land and credit institutions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament passes amended real estate business law
The National Assembly (NA), Vietnam’s highest legislative body, passed the amended Law on Real Estate Business on Tuesday with a 94.13% endorsement.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament not to pass long-awaited land law this year
The National Assembly, Vietnam’s highest legislative body, will not pass the draft amended land law at the ongoing (sixth) meeting, National Assembly Chairman Vuong Dinh Hue said Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Some real estate businesses need 149 years to sell all inventories: survey
Vietnam’s property businesses are facing huge difficulties due to capital congestion and large inventories, and some could need up to 149 years to sell all their Q1/2023 inventories, according to the Prime Minister's board for private economic development research (Board IV).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand Amata okayed to expand industrial park in northern Vietnam
Thailand-invested Amata City Ha Long JSC has received approval to lease an additional 37.2 hectares of land in Vietnam’s northern province of Quang Ninh to conduct the second phase of Song Khoai Industrial Park.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian developer SkyWorld makes first land acquisition in Vietnam
Malaysia’s SkyWorld, developer of the well-known Genting SkyWorlds Theme Park, has acquired 5,300 square meters of land in Ho Chi Minh City, its first land acquisition in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC proposes $150 mln investments in 2 Vietnam realty firms’ bonds
IFC, the World Bank Group’s private-sector investment arm, is mulling over pouring $150 million into two Vietnamese real estate companies via sustainability-linked bonds (SLBs).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Keppel inks $70 mln deals to supply ‘energy-as-a-service’ in Vietnam
Keppel Corp. has secured $70 million worth of contracts to provide long-term and recurring “energy-as-a-service” (EaaS) in Vietnam, which the Singapore multi-sector group sees as a market with potential for growth.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislators concerned about foreigners buying property in Vietnam
National Assembly members in Vietnam have said stricter regulations on foreign purchases of houses and land in the country are needed.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM requests better credit access for property developers, housing buyers
Prime Minister Pham Minh Chinh on Saturday ordered the State Bank of Vietnam to create favorable conditions for real estate developers and housing purchasers to access credit.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament to approve 8 draft amended laws
The National Assembly, Vietnam’s highest legislative body, will convene from May 22 to approve or discuss draft law amendments related to bidding, prices, land, realty business, and housing.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s industrial real estate sector faces tough times in 2023-2024
Vietnam’s industrial real estate sector is likely to face challenges when new supplies fall due to due to delayed approval processes, said leading Vietnamese broker VNDirect Securities.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong to support major investor Lego in project-related problems
Officials in Vietnam’s Binh Duong province, where Lego is building its first carbon-neutral factory with more than $1 billion in investment, have promised to help the Danish toymaker remove land-related obstacles and other issues for the project.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Revised land law needs to crack down on speculation: experts
Vietnam’s draft revised Land Law must prevent land speculation, and needs regulations to fix loopholes in the sector, heard a workshop in Hanoi early this week.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate market faces headwinds in 2023
Though strong economic growth would help drive up Vietnam's real estate market, analysts believe many challenges await the sector this year because of lingering economic headwinds.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank auctions 11,222 sqm land in HCMC
Sacombank will auction nearly 11,222 square meters of land in Ho Chi Minh City with a starting price exceeding VND592.93 billion ($25 million) on December 29.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Scant Q4 supply seen in greater Danang housing market
The residential market in central Vietnam’s Danang city and nearby areas is unlikely to see large supplies in all segments in the fourth quarter, a new report says.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former HCMC Party deputy chief receives additional 6-year jail term
Tat Thanh Cang, former deputy secretary of Ho Chi Minh City’s Party Committee, was given Wednesday an additional six-year jail term for approving illegal sales of public land.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Death-row prisoner looks to resurrect business: my land assets worth billions now
Lien Khui Thin was one of the most well-known entrepreneurs in Vietnam in the 1990s. He was sentenced to death in 2000 in the major Epco-Minh Phung scam. The sentence was commuted to life imprisonment in 2003 and he was freed in 2009 under an amnesty program to become an entrepreneur again.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Binh Duong Party chief jailed for 7 years
A Hanoi court Tuesday sentenced Tran Van Nam and Tran Thanh Liem, former Party chief and former chairman of Binh Duong province, to seven years in prison each.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gloomy atmosphere overwhelms southern Vietnam property market
All segments in southern Vietnam's real estate market, from land plots and apartments to townhouses and villas, are gloomy as both supply and consumption are at very low levels.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Toymaker Lego to receive first land tranche for $1 bln facility
Binh Duong province authorities are set to hand over 22 hectares of land to Danish toymaker Lego’s $1 billion carbon neutral factory project by this month end.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Excessive land, home ownership subject to high taxation
A Party Central Committee resolution requires higher tax to be levied on excessive possession of land and housing.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property company director arrested for fraud
Lo Thi Loan, director of Tuong Hy Quan Real Estate Company in Binh Duong province, and her husband were accused of drawing up a fake real estate project to appropriate VND130 billion ($5.6 million) from many customers.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
11 fraudsters jailed in land right certificate scam
Eleven people were sentenced to jail on Monday in Hanoi for their involvement in a ring that stole land use right certificates by fraud.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bids for Thu Thiem land harm real estate companies
The auction of some prime land plots in Ho Chi Minh City’s Thu Thiem new urban area last December, with winning prices up to seven times higher than the starting price, have caused serious harm to realty firms in southern Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Novaland aims at $283 mln record profit in 2022
Vietnam's top property developer Novaland targets a profit after tax of VND6.5 trillion ($283 million) and net revenue of $1.57 billion in 2022, both all-time highs.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Developer Tan Hoang Minh Group chairman arrested
Do Anh Dung, Chairman of property developer Tan Hoang Minh Group, was detained by investigative police on Tuesday for allegedly “defrauding to appropriate property”.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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