Real estate sector has key role in making Vietnamese cities more liveable

Real estate sector has key role in making Vietnamese cities more liveable

As urbanization proceeds at a scorching pace in Vietnam, liveability in Vietnamese cities has become a matter of concern that real estate firms should help address. They should work with various stakeholders towards more thoughtful decisions to create more vibrant and purposeful urban spaces, write analysts with consultancy firm Avison Young Vietnam.

Consulting - Sun, May 12, 2024 | 2:32 pm

$27 bln fraud case shows issues, but no new risks to Vietnam's banking system: Fitch

$27 bln fraud case shows issues, but no new risks to Vietnam's banking system: Fitch

A massive fraud case involving a missing $27 billion related to Saigon Commercial Bank (SCB) with links to real estate tycoon Truong My Lan has exposed financial supervisory shortcomings in Vietnam, Fitch Ratings said in a note earlier this week.

Banking - Thu, May 9, 2024 | 10:27 pm

Shares in Vietnam realty major Novaland sink on serial bad news

Shares in Vietnam realty major Novaland sink on serial bad news

A string of negative news has pushed market prices of leading real estate developer Novaland down 25% over the past month.

Companies - Thu, May 9, 2024 | 2:37 pm

Novaland says southern Vietnam projects under construction after customers lodge police complaints

Novaland says southern Vietnam projects under construction after customers lodge police complaints

Responding to Ho Chi Minh City police requests for project documents, Vietnam real estate major Novaland says all its projects in southern Vietnam provinces are under construction.

Real Estate - Wed, May 8, 2024 | 5:32 pm

Poor business results cast shadow over Vietnam real estate developers

Poor business results cast shadow over Vietnam real estate developers

A slew of Vietnamese property developers have reported poor business performance in the first months of this year despite signs of a recovery in the real estate market.

Real Estate - Sun, May 5, 2024 | 2:00 pm

Advance effective date of housing, realty laws by 6 months, parliament urged

Advance effective date of housing, realty laws by 6 months, parliament urged

Vietnam’s Construction Ministry has proposed that the National Assembly, the country's parliament, advance the effective date of the 2023 Laws on Housing and Real Estate Business by six months to July 1 this year.

Real Estate - Fri, May 3, 2024 | 10:07 pm

Stock market liquidity forecast to pick up at end-Q2

Stock market liquidity forecast to pick up at end-Q2

Real estate investment cash flow remains limited, but money flowing into stocks is likely to be positive at the end of the second quarter, said Dinh The Hien, director of the Institute of Informatics Research & Applied Economics.

Finance - Fri, May 3, 2024 | 10:14 am

Vietnam property market past most difficult period: expert

Vietnam property market past most difficult period: expert

The Vietnamese real estate market has gone through its most difficult period, and businesses or investors that have survived have done so through strong experience and resources, said Nguyen Van Dinh, chairman of the Vietnam Association of Realtors (VARS).

Real Estate - Thu, May 2, 2024 | 8:17 am

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

With real estate market remaining sluggish and renewable energy policies yet to be finalized, construction firm Lizen has decided to focus on transport infrastructure and electrical engineering.

Companies - Mon, April 29, 2024 | 10:39 pm

Industrial real estate still leads Vietnam market: experts

Industrial real estate still leads Vietnam market: experts

Despite difficulties, industrial park real estate still leads the market, attracting sustainable foreign direct investment (FDI) to Vietnam, said experts.

Industrial real estate - Mon, April 29, 2024 | 2:38 pm

Nam Cau Kien eco-industrial park - A circular economy pioneer

Nam Cau Kien eco-industrial park - A circular economy pioneer

Enterprises are encouraged to transform to the circular economy model, but they still face obstacles in accessing preferential policies. Procedures to receive credit packages from domestic and foreign organizations are complicated and have criteria that most businesses cannot meet, writes Pham Hong Diep, chairman of industrial real estate developer Shinec JSC.

Industrial real estate - Mon, April 29, 2024 | 9:11 am

Vietnam real estate market can flourish again with shift in focus: experts

Vietnam real estate market can flourish again with shift in focus: experts

New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.

Real Estate - Sun, April 28, 2024 | 2:50 pm

Real estate giant DIC Corp notches biggest quarterly loss since listing

Real estate giant DIC Corp notches biggest quarterly loss since listing

Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.

Companies - Sun, April 28, 2024 | 2:30 pm

Industrial park developer Idico targets 22% profit hike, 40% cash dividend

Industrial park developer Idico targets 22% profit hike, 40% cash dividend

Leading industrial park developer Idico Corporation has targeted revenues and pre-tax profit of VND8.46 trillion ($334 million) and VND2.5 trillion ($98.7 million) this year, up 13% and 22% year-on-year, respectively.

Companies - Sat, April 27, 2024 | 9:23 pm