Seventeen housing projects foreigners allowed to buy in HCMC
Ho Chi Minh City has announced a list of 17 residential projects located in areas where foreign organizations and individuals are allowed to own houses.
Celadon City project in Tan Son Nhi ward, HCMC, invested by Gamuda Land. Photo courtesy of the company.
The decision was made based on a proposal from the Department of Construction, with agreement from the Ministry of National Defense, the Ministry of Public Security, and the HCMC People's Committee.
The projects include the Urban Green in Hiep Binh ward; Diamond Island in Binh Trung ward; a high-rise residential area in Tan Phu ward (lots B1, B2, B3, B4) and in Tan My ward; an apartment area at Lot 3-15 in the Thu Thiem new urban area; City Garden apartment building in Thanh My Tay ward; Dragon Village residential area in Long Truong ward; Phu Long high-rise building area - Subdivisions 15A2, 15B in Nha Be commune; High-rise residential area in Subdivision 13 in Nha Be commune; Thao Dien Green in An Khanh ward; Cuu Long apartment building in Vinh Hoi ward; Celadon City in Tan Son Nhi ward; Pi City High Park in Thoi An ward; Mizuki Park - CC1, CC2 apartments in Binh Hung commune.
In addition, the municipal People's Committee requested inspection into four housing projects that foreign organizations and individuals are not allowed to own.
The four projects include Hung Vuong 2-R13 project in Tan Hung ward, Hung Vuong 1-R16 in Tan Hung ward, and C15B area of Star Hill in Tan My ward, invested by Phu My Hung Development Company Limited; and The Prince Residence in Phu Nhuan ward, invested by The Prince Residence Joint Stock Company.
If violations are detected in the sale of housing to foreigners in the above four projects, the Department of Construction must report to the People's Committee to handle them.
To cater for the housing demand of foreigners living and working in Vietnam, the Housing Law 2023 has more open regulations than the old law.
In particular, foreigners are only allowed to buy commercial housing in projects that do not affect national defense and security, with foreign ownership not exceeding 30% of the number of units in an apartment building or 250 individual houses in a ward-level area.
Expert Nguyen Hoang commented that the Housing Law 2023 has been revised in a more positive direction, helping foreigners easily access real estate in Vietnam.
- Read More
TikTok eyes expansion into logistics, digital finance in Vietnam
TikTok is seeking to expand its presence in Vietnam beyond social media and e-commerce, with plans to invest in logistics, digital finance and other digital economy infrastructure sectors as the country becomes an increasingly strategic market for the company.
Companies - Fri, June 5, 2026 | 8:40 am GMT+7
Petrolimex seeks to sell entire treasury stock holdings as shares remain 43% below peak
Petrolimex, Vietnam's largest fuel retailer by market share, plans to sell its entire treasury stock holdings to comply with public company regulations, while its PLX shares on the Ho Chi Minh Stock Exchange plunged 43% from the peak reached in March.
Companies - Thu, June 4, 2026 | 4:51 pm GMT+7
MB's digital business account opening solution wins award
BIZ MBBank, a corporate digital banking platform of Military Commercial Joint Stock Bank (MB), has been recognized at the Vietnam I4 Impact Awards 2026 for its digital business account opening solution, underscoring the lender's efforts to advance digital banking services for corporate customers.
Companies - Thu, June 4, 2026 | 3:42 pm GMT+7
Chinese electronics component manufacturer redirects capital to Vietnam project
Shenzhen Click Technology’s decision to channel funds into its Vietnam project underscores the country’s growing importance in the company’s global strategy.
Industries - Thu, June 4, 2026 | 2:33 pm GMT+7
Vietnam targets launch of central counterparty clearing mechanism in early 2027
Vietnam's securities regulator is aiming to launch a central counterparty clearing (CCP) mechanism in the first quarter of 2027, a key step in strengthening market infrastructure and meeting international criteria for a stock market status upgrade.
Finance - Thu, June 4, 2026 | 1:57 pm GMT+7
Becamex: From failed capital raisings to state divestment pressure
After multiple unsuccessful capital-raising attempts, Vietnam’s industrial real estate giant Becamex IDC (HoSE: BCM) is now facing a new challenge: reducing state ownership from 95.44% to 65% to meet the requirements for maintaining its status as a public company.
Companies - Thu, June 4, 2026 | 11:29 am GMT+7
Banks regain lead in Vietnam's private placement bond market in May
Vietnamese banks regained their position as the largest issuers in the private placement bond market in May, as lenders sought to diversify funding sources, strengthen capital buffers,and meet increasingly stringent regulatory requirements.
Banking - Thu, June 4, 2026 | 9:15 am GMT+7
From refreshment to experience: A consumer trend emerging this summer
As temperatures rise across Vietnam, demand for soft drinks typically surges. But beyond seeking refreshment and an energy boost, many consumers are developing a new habit after finishing their beverages: peeling back bottle labels, entering promotional codes and receiving results on their phones within seconds.
Companies - Thu, June 4, 2026 | 8:45 am GMT+7
TikTok Shop narrows gap with Shopee as Vietnam e-commerce becomes duopoly
Vietnam’s e-commerce market is rapidly evolving into a two-player battleground as TikTok Shop aggressively gains ground on Shopee, reshaping how consumers shop online and how brands allocate advertising and sales budgets.
Economy - Wed, June 3, 2026 | 4:51 pm GMT+7
Vietnam regulator confirms foreign ownership limits for PV Drilling, PVTrans
Vietnam’s securities regulator has confirmed foreign ownership limits for two major state-controlled oil and gas companies, leaving significant room for overseas investors to increase holdings in both firms.
Companies - Wed, June 3, 2026 | 4:34 pm GMT+7
Vietnam power firms post strong profits as heatwave drives electricity demand, but stocks lag
Vietnamese power producers reported sharply higher first-quarter profits as electricity demand surged amid prolonged heatwaves, although their shares have yet to reflect the sector's improving fundamentals.
Companies - Wed, June 3, 2026 | 3:35 pm GMT+7
Nghe An emerges as leading FDI destination with Quynh Lap LNG power project, WHA industrial zone development
Nghe An province is cementing its status as a premier destination for foreign direct investment (FDI) in Vietnam.
Industries - Wed, June 3, 2026 | 1:37 pm GMT+7
K-Pop mogul-linked $99 mln entertainment, tourism project in central Vietnam clears key hurdle
A nearly VND2.6 trillion ($98.74 million) entertainment and tourism project backed by a company associated with K-pop mogul Lee Soo Man has cleared a major regulatory hurdle after Gia Lai province authorities okayed the conversion of more than 191 hectares of forest land for its implementation.
Real Estate - Wed, June 3, 2026 | 12:26 pm GMT+7
Vietnam industrial real estate enters race for new capital
As foreign direct investment becomes increasingly selective and low costs cease to be a competitive advantage, Vietnam’s industrial real estate developers are being forced to reinvent themselves, demonstrating project execution capabilities, cost management expertise, and compliance with green standards.
Industrial real estate - Wed, June 3, 2026 | 11:26 am GMT+7
Golden Gate targets 200% profit hike as restaurant operator accelerates expansion
Vietnamese restaurant operator Golden Gate Group is targeting record revenue and a sharp rebound in profit in 2026 as the company accelerates expansion across its dining and beverage chains, including efforts to revive coffee brand The Coffee House.
Companies - Wed, June 3, 2026 | 8:00 am GMT+7
PVFCCo wins two awards for digital transformation, smart manufacturing
PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), Vietnam's leading fertilizer producer, received two awards at the Vietnam I4 Impact Awards 2026, recognizing its achievements in smart manufacturing and digital services as the company accelerates its digital transformation strategy.
Companies - Tue, June 2, 2026 | 5:38 pm GMT+7
