The international real estate developer Alpha King has just announced that it will develop two projects in District 1, Ho Chi Minh City including the grade-A office building Alpha Town and Alpha City complex.
Vincom Retail, a Vietnamese mall operator under the Vingroup JSC corporate umbrella, was listed as VRE on the Hochiminh Stock Exchange (HOSE) on November 6, 2017 and its share price was traded at a peak level beyond expectation.
According to the draft Law on Special Economic Administrative Units, the regulation which may allow foreigners to own houses for maximum 99 years can increase the price of real estate and also pose hidden other negative impacts.
Vietnam has quickly become the hottest real estate market in Asia to Hongkong and Chinese investors with the price hitting new records.
While automobile assembly enterprises in Vietnam have stopped manufacturing and imported automobiles instead, Vingroup, the leading real estate developer in Vietnam, and Truong Hai Auto Corporation (THACO), one of the leading car manufacturers in Vietnam, show the opposite trend.
