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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property prices may rise on back of new rules: expert

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

Vietnamese realty player DIC Corp guns for profit, capital base spikes

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

Vinhomes land portfolio at 18,152 ha for 30-year use: broker

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 developer Phat Dat clears bond debts, prepares for strong rebound: CEO

Real estate developer Phat Dat clears bond debts, prepares for strong rebound: CEO

Phat Dat Real Estate Development JSC’s bond debts reached zero on Monday after the firm made its final repayment, marking the massive efforts made to solve its bond issues amid the challenging real estate market. This is one of the conditions the firm has created for a strong rebound towards higher goals, said CEO Bui Quang Anh Vu.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

65% of Vietnamese survey respondents seek to buy properties within a year

65% of Vietnamese survey respondents seek to buy properties within a year

As many as 65% of 1,000 Vietnamese survey respondents sought to buy real estate properties in a year (from H1/2023 to H1/2024), leading property listing website Batdongsan.com.vn said Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

CapitaLand, United Overseas Australia to develop $247 mln real estate project in Vietnam

CapitaLand, United Overseas Australia to develop $247 mln real estate project in Vietnam

CapitaLand (Vietnam) Holdings, under Singapore’s CapitaLand, and Malaysia-headquartered realty firm United Overseas Australia have set up a joint venture to develop a $247.1 million real estate project in Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province finds fault with Singapore firms’ real estate project proposals

Central Vietnam province finds fault with Singapore firms’ real estate project proposals

Two real estate projects proposed by a joint venture comprising two Singaporean and a Vietnamese firm do not match Quang Tri province’s development plans and ground realties, said provincial authorities.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Japan realty firms join hands for $150 mln affordable housing project

Vietnam, Japan realty firms join hands for $150 mln affordable housing project

Two Japanese real estate firms – Cosmos Initia and Koterasu – have teamed up with Vietnamese developer TTCapital Investment for a $150 million affordable housing project in Binh Duong province, southern Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam parliament passes amended real estate business law

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

Identify sustainable solutions to boost bond, realty markets: Vietnam PM

Identify sustainable solutions to boost bond, realty markets: Vietnam PM

Vietnam's finance ministry, the central bank and other agencies have been tasked with identifying fresh solutions to prevent unexpected negative impacts and boost the bond and realty markets.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate developer Phat Dat to repay bond debts this year: CEO

Real estate developer Phat Dat to repay bond debts this year: CEO

Phat Dat Real Estate Development JSC is trying to complete its bond debt repayments this year as it prepares to begin 2024 with major changes, CEO Bui Quang Anh Vu tells The Investor.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PM nod recommended for $3 bln Mekong Delta urban area project

PM nod recommended for $3 bln Mekong Delta urban area project

The Ministry of Planning and Investment has recommended that the Prime Minister approves a VND74,406 billion ($3.1 billion) mega urban area project in the Mekong Delta province of Long An.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Developer Phat Dat, Military Bank ink cooperation pact for $447 mln southern Vietnam project

Developer Phat Dat, Military Bank ink cooperation pact for $447 mln southern Vietnam project

Phat Dat Real Estate Development JSC and MB Bank have signed a comprehensive cooperation agreement for the Thuan An 1&2 real estate project in Binh Duong province.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Realty firm Phat Dat begins work on central Vietnam urban area

Realty firm Phat Dat begins work on central Vietnam urban area

Phat Dat Real Estate Development JSC has begun work on the VND2.34 trillion ($95.33 million), 43.16-hectare Bac Ha Thanh urban area in the central province of Binh Dinh.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Eye for opportunity helps Metro Star mark 18th anniversary with key achievements

Eye for opportunity helps Metro Star mark 18th anniversary with key achievements

Quickly spotting growth opportunities right at its 2005 inception, Metro Star Investment Co., Ltd. focused on property development in inner city areas, enabling celebration of key achievements 18 years later.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam becomes biggest overseas market for Malaysia giant Gamuda Land

Vietnam becomes biggest overseas market for Malaysia giant Gamuda Land

Gamuda Land, the realty arm of Malaysian infrastructure giant Gamuda, recorded overseas sales of RM2 billion ($424.8 million) in fiscal year 2023 (ending July 2023), with Vietnam accounting for the biggest portion at 76%.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

BCG Land gets two-year extension for $104 mln bonds

BCG Land gets two-year extension for $104 mln bonds

BCG Land has successfully extended the maturity of its BCLCH2124001 coded bonds valued at VND2.5 trillion ($104 million) by another 24 months.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Metro Star property project resolves legal bottlenecks, picks distributors

Metro Star property project resolves legal bottlenecks, picks distributors

Metro Star Investment Company Ltd. is preparing to pick secondary distributors for a major property project after HCMC authorities helped resolve some legal procedural bottlenecks.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

New downtown HCMC office a growth catalyst for realty firm Phat Dat

New downtown HCMC office a growth catalyst for realty firm Phat Dat

Phat Dat Real Estate Development Corporation conducted a topping out ceremony Friday for its “inspiring” office building on a prime land lot in downtown Ho Chi Minh City.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

PropertyGuru appoints new country manager for Vietnam unit

PropertyGuru appoints new country manager for Vietnam unit

PropertyGuru Group, Southeast Asia’s leading property technology (proptech) company, has announced the appointment of Bach Duong as country manager for its Batdongsan.com.vn, a leading property marketplace in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Property sector risks to Vietnam’s sovereign credit reduced: Fitch Ratings

Property sector risks to Vietnam’s sovereign credit reduced: Fitch Ratings

Uncertainty has eased over the possible fallout for Vietnam’s sovereign credit from real estate sector stresses, Fitch Ratings said Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Int’l conference on Vietnam real estate to highlight changes, trends

Int’l conference on Vietnam real estate to highlight changes, trends

An international conference co-organized by The Investor in Hanoi Friday will acquaint Vietnam’s real estate stakeholders with upcoming changes in regulations, market potential and development trends.

Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7

Who’s the owner of Casablanca JSC?

Who’s the owner of Casablanca JSC?

Real estate developer Casablanca JSC has completed payment of both principal and interest for bond code LDTCH213001 valued at VND240 billion ($10.14 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

CT Group improves workforce despite market strife

CT Group improves workforce despite market strife

CT Group, a multi-sector business in Ho Chi Minh City, is strongly investing in its workforce with various training and learning activities to prepare for the recovery of the real estate market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Metro Star realty project offers fresh opportunities for agents

Metro Star realty project offers fresh opportunities for agents

The Metro Star real estate project, located in Thu Duc city within Ho Chi Minh City, is attracting a lot of attention from the sector, especially salespersons who have been struggling or looking for suitable products in the market.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Danang terminates idle apartment project in prime location

Danang terminates idle apartment project in prime location

Danang city's authorities have terminated the 10,664-square-meter Golden Square complex project, which has not seen any progress made since 2019.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Legal adjustments key to unleashing capital flows into real estate

Legal adjustments key to unleashing capital flows into real estate

Legal bottlenecks must be removed to revitalize the real estate and financial markets in Vietnam, while businesses must increase their cash flows to rescue themselves.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

PropertyGuru earns $17.9 mln revenue from Vietnam market

PropertyGuru earns $17.9 mln revenue from Vietnam market

Southeast Asian leading PropTech PropertyGuru posted revenue of $17.86 million from its Vietnam operation last year, up 28.1% year-on-year, according to the firm’s 2022 financial report.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Listed real estate firms expand workforce in 2022 amid crisis

Listed real estate firms expand workforce in 2022 amid crisis

Listed real estate firms in Vietnam expanded their combined number of employees from 25,551 to 28,403 in 2022 despite the ongoing crisis in the sector, with only 23 businesses reporting they had consolidated or scaled back staff.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gov’t permits credit extension for feasible real estate projects

Gov’t permits credit extension for feasible real estate projects

Projects deemed feasible in the real estate sector will be allowed to extend their credit under a draft government resolution aimed at boosting the market.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ailing realty market sees no signs of recovery: analysts

Ailing realty market sees no signs of recovery: analysts

There were yet any slight signs of recovery in the Vietnamese real estate market, according to Batdongsan.com.vn, a local realty platform under Southeast Asia’s leading proptech PropertyGuru.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Realty firm An Gia acquires $25 mln loans from overseas

Realty firm An Gia acquires $25 mln loans from overseas

The An Gia Real Estate Investment and Development Corporation is set to borrow two loans totalling $25 million from foreign institutions.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7