Jewelry mogul Doji expands investment portfolio beyond gold
Doji Gold & Gems Group JSC, Vietnam’s leading jewelry maker, has expanded its investment portfolio, ranging from its pillar arm of gold and silver to finance, banking, and real estate.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi low-cost apartment supply down 47% yearly since 2020: Savills
Hanoi’s supply of budget apartments priced below VND30 million ($1,179) per square meter has dropped 47% every year since 2020, according to real estate service firm Savills Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gov't should launch alternative to unviable $4.7 bln social housing credit package: expert
The Vietnamese government ought to launch a comprehensive housing financial strategy as an alternative to the social housing-focused $120 trillion ($4.72 billion) credit package, which has been disbursed at a snail's pace, said Le Xuan Nghia, a member of the National Financial and Monetary Policy Advisory Council.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital posts 11-fold increase in Q1 after-tax profit
Vietnamese conglomerate Bamboo Capital Group recorded an after-tax profit of VND98.2 billion ($3.85 million) on net revenues of VND985.4 billion ($38.7 million) in Q1/2024.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Apartment price bubble looms if other housing segments fail to emerge: expert
The apartment segment in Vietnam may find itself in a bubble this year if other housing segments are not put on the market soon, said economist Le Xuan Nghia.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cash to flow into stocks, real estate on back of gold rally, low interest rates
While gold prices have been climbing sharply, deposit interest rates remain low, and the stock market has experienced recent corrections, so where should people put their money to make a profit? The Investor spoke with Pham Manh Hung, vice head of the Research Institute for Banking, under the Banking Academy of Vietnam, about this issue.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam developer Sudico takes new name with green urban focus
Property developer Sudico says it has changed its name to SJ Group and will henceforth focus on developing green, smart urban areas and eco-tourism resorts.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apartments priced at $17,000 per sqm spotted in HCMC
Ho Chi Minh City recorded apartments with prices up to VND425 million ($17,000) per square meter in the first quarter of this year, according to property consultancy firm DKRA Group.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate proves hard to find in Can Tho city
Despite being the central urban area of the Mekong Delta region, Can Tho city is facing a scarcity of real estate products this year, with only one project put up for sale in the first quarter.
Real Estate - 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 real estate major DIC Corp sees 33% post-audit net profit plunge
Top real estate developer DIC Corp has seen its 2023 net profit drop 33% to VND112 billion ($4.49 million) after the audit of its consolidated financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Khanh Hoa real estate perks up after province makes plans
An uptick in transactions as well as investors completing procedures for new projects indicate that the Khanh Hoa property market has responded positively to several schemes announced by provincial authorities.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property developer Novaland's stock green-lighted to resume margin trading
The ticker of major real estate developer Novaland, NVL, has been removed from the list ineligible for margin trading at the Ho Chi Minh Stock Exchange (HoSE).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property giant Vinhomes targets $1.4 bln net profit in 2024
Vinhomes JSC, the real estate arm of Vietnamese private conglomerate Vingroup, is aiming to earn VND120 trillion ($4.78 billion) in revenue and VND35 trillion ($1.4 billion) in net profit this year, up 16% and over 4% respectively compared to 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam resort real estate supply set to grow 20% in 2024: association
The supply of resort and tourism real estate in Vietnam is expected to rise by 20% this year from 2023, with a spotlight on beachfront apartments, forecast the Vietnam Association of Realtors (VARS).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mitsubishi restructures real estate investments in Vietnam
Mitsubishi Corporation, the trading arm of Japanese keiretsu Mitsubishi, has restructured its real estate investment portfolio in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese realty player DIC Corp guns for profit, capital base spikes
Development Investment Construction JSC (DIC Corp), among the top real estate developers in Vietnam, targets to earn VND1.01 trillion ($40.7 million) in pre-tax profit this year, up 508.9% year-on-year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate recovery reflects optimistic outlook for Vietnam: economists
Vietnam was well placed to seize growth opportunities and tap global trends, leading economists said at a forum on Tuesday, citing real estate market recovery as an indicator.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property developer First Real sets sights on becoming number 1 in central Vietnam
First Real JSC will do its best in the next two years to become the number 1 real estate developer in central Vietnam, said chairman Nguyen Anh Tuan.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi apartment prices skyrocket
The primary asking price of apartments in Hanoi reached nearly VND60 million ($2,422) per square meter at the end of 2023, and they have continued to rise by 10-15% this year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Multi-sector firm REE hopes to win big from real estate
The real estate segment is expected to be a profit savior for Vietnam's leading multi-sector corporation REE this year when the first phase of The Light Square project is handed over and its revenue is recorded.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate: big room for foreign businesses: Savills
With advantages from macro factors and an attractive market across most real estate segments, Vietnam is still a promising destination for foreign investors despite current market woes, according to Savills Vietnam.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
60% of foreign homebuyers in Vietnam look for capital gains
Over 3,000 foreigners bought housing in Vietnam between 2015 and the third quarter of 2023, 60% of whom were buy-to-gain investors, real estate service firm CBRE said in a report.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Affordable housing on verge of extinction in Vietnamese market: forum
Affordable housing, defined to have a price of less than VND25 million ($1,060) per square meter, is almost "extinct" in the Vietnamese market, especially in big cities like Hanoi and Ho Chi Minh City, heard the Spring Real Estate Forum held in Hanoi.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai developer WHA to invest in central Vietnam industrial park
Thailand's WHA Industrial Development has received in-principle approval to build a 400-hectare, VND3.5 trillion ($141.5 million) industrial park in the central province of Quang Nam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
New land law offers more chances for overseas Vietnamese to own real estate in Vietnam: Savills
The expansion of land use rights for overseas Vietnamese (OV) in the recently passed 2024 Land Law is good news for OVs who want to own real estate in Vietnam, said experts from Savills Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
How leading Thai Nguyen-based firm Thai Hung has constantly expanded
As a leading enterprise in the northern province of Thai Nguyen, Thai Hung Trading JSC has amassed a large area of land and set up strong relationships within the locality.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southern Vietnam real estate market sees no new offerings in 2 months
The real estate market in Ho Chi Minh City and its surrounding areas saw no new projects offered for sale in the first two months of 2024, according to property consultancy firm DKRA Group.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s CapitaLand plans 70% growth in Vietnam residential portfolio
CapitaLand Development, the development arm of Singapore-headquartered CapitaLand Group, aims to grow its Vietnam residential portfolio to 27,000 units by 2028, a 70% growth from the current 16,000.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes land portfolio at 18,152 ha for 30-year use: broker
Vinhomes JSC, the real estate arm of private conglomerate Vingroup, has a land portfolio of 18,152 hectares for developing property projects over 30 years, according to Shinhan Securities.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate giant Vinhomes eyes 300ha urban area in central Vietnam province
Vinhomes JSC, the real estate arm of Vietnamese private conglomerate Vingroup, has asked authorities in the central province of Nghe An to allow it to study the construction of a mega urban area in Vinh town.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong emerges as attractive destination for affordable home buyers
While the apartment supply in Ho Chi Minh City has hit its lowest point in the last 10 years, neighboring Binh Duong province is emerging as an attractive destination for home buyers with a supply of diverse products at affordable prices, according to Savills Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Affordable housing to lead Vietnam property market recovery: experts
Affordable housing will lead the Vietnamese real estate market recovery this year as even in the most difficult times, this segment still draws great attention from customers, said experts.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial real estate a 'shining light' in Vietnam: Knight Frank exec
Vietnam's industrial real estate landscape sector has a rosy outlook, making it a "shining light" in terms of investment volumes, development of quality ready-built facilities, and underlying strong performance in land prices, said Alex Crane, managing director of Knight Frank Vietnam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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