The major shareholder of Quoc Loc Phat Company, which is the owner of Song Viet complex in Thu Thiem urban area, HoChiMinh city has recently transferred most of the shares to another investor.
Quoc Cuong Gia Lai JSC and Tan Thuan Investment and Construction One Member Limited Liability Company have terminated the sale and purchase contract of 32.4 hectares of land in HoChiMinh City, which did not cause economic loss to the State, according to local authorities.
In Vietnam, still many billionaires are hidden as their business activities are not transparent and listed on bourse, according to Doctor Nguyen Van Thuan from the HoChiMinh City Marketing and Financial University.
Nearly all National Assembly members agreed to apply new regulations for Hochiminh City (HCMC) on a pilot basis, but doubts remain over property taxation.
In just three months, Novaland bought two projects and sold one real estate project and all three of these project were in commercial and residential fields and located in HoChiMinh City.
District authorities in HoChiMinh City have to conduct the quality inspection of 474 deteriorated condominiums which were built before 1975 for purpose of rebuilding,
