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Japanese, Thai and Chinese investors soaring up real estate projects in Viet Nam

Giant groups from Japan, China, Thailand,… continue planning to make large investments in real estate projects in Viet Nam

VAT increase may hike up real estate prices impacting tremendously businesses

The proposal for the two-percent VAT increase from January 1st, 2019 of the Ministry of Finance (MoF) may lead to a rise in real estate prices, which tremendously affects the economy, businesses and the daily life of the people.

An exclusive privilege drafted on offer to foreign investors in Phu Quoc

Foreign investors to be granted permanent residence cards is one of proposals just submitted to the Government to aim at attracting investment capital, foreign talented business people and high-profile experts to Phu Quoc special economic zone in the future.

"Forbidden lands' remain existent to foreign home-ownership in Vietnam

Several real estate enterprises have been expecting to sell houses to foreigners since the amended 2014 Housing Law came into effect; however, so far, this expectation remains beyond a reach because of unresolved restrictions.

Unsynchronized land prices incur hefty losses to State budget

The land prices promulgated by the People's Committees of provinces and cities are far different from the actual transaction prices on the market and such a practical swing is resulting in shortcomings and corruption to incur losses to the State budget.

Vietnamese people still lack experience in living in condominiums

“Most of the Vietnamese people lack experience in living in condominiums so they usually feel annoyed when following its rules and need time to adapt to them,” said Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, an American professional service and investment management company specializing in real estate.

FLC invests in a 6.4ha urban area in South Tu Liem district, Hanoi

FLC, one of the leading real estate developers in Vietnam, is investing in the 6.4ha urban area including terraced houses, villas, high-rise buildings and subsidized houses that are expected to finish at the end of quarter 2, 2019.

Thousands of foreigners await home-ownership certificates

Thousands of successful real estate deals have been closed relevant to foreigners but up to date a modest number granted home-ownership certificates may hinder foreigners' eagerness.

MoC called for a quick disbursement of the VND2 trillion package for social housing

A package of VND2 trillion (roughly US$88 million) supporting social housing projects has just been approved by the National Assembly. The Ministry of Construction demanded Vietnam Bank for Social Policies to disburse the capital this year.

Foreigners can own apartments for a maximum term of 99 years

Prime Minister (PM) Nguyen Xuan Phuc demanded that the revision of the draft law on Special Administrative-Economic Units should aim at increasing the term of land allocation, land lease and land use and allowing foreigners to own apartments for a maximum term of 99 years.

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