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VinaLand divests from series of real estate projects to gain nearly $120 million

VinaLand divests from series of real estate projects to gain nearly $120 million

VinaLand Limited, the real estate arm of investment company VinaCapital has completed eight project disposals in Danang, Ho Chi Minh City, Phu Yen, Binh Thuan and Dong Nai provinces within only four months.

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.

HoREA proposes to alter the mechanism of calculating the land use levy

Two options of modifying the calculating method of the land use levy were proposed with a view to lifting the burden on businesses and consumers as well as increasing the transparency in the market.

US$883 million Eco Smart City Project entered into contract

The People's Committee of Ho Chi Minh City (HCMC) and Korean-based Lotte Group entered into a contract on implementation of Eco Smart City project in Thu Thiem New Urban Area, district 2, HCMC. The project has the total estimated investment capital of VND20,100 billion (equivalent to US$883 million) with a construction period of 72 months.

Series of violations detected at FLC luxury resorts

Ministry of Construction just concluded, after a thorough investigation, numerous violations in FLC Group’s two major projects on Sam Son and Quy Nhon beaches (in Thanh Hoa and Binh Dinh province).

Eye-catching segment of low cost apartments draws big brands

After Vingroup, Muong Thanh Group and Him Lam Land, FLC Group announces to involve in low- cost apartments.

Vietnam’s real estate market chalks out bustling M&A

The Vietnam’s real estate market is blooming as the competitive position of the industry has witnessed a high influx of foreign direct investment (FDI) and the positive Mergers and Acquisitions (M&A) activities with impressive growth.

Hundreds of run-down buildings inspected to rebuild 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,

American leading hotel brand to appear in Phu Quoc Island

The presence of “Best Western Premier” brand is expected to benefit Phu Quoc with favourable opportunities to become an attractive tourism market in the world.

Hanoi authority identified as citer of violations in BT and BOT projects

Numerous violations were detected in many Build - Transfer (BT) and Build - Operate - Transfer (BOT) transport and environmental projects in Hanoi, according to a conclusion just released by the Government Inspectorate.

US$233 million proposal for investing in FLC Do Son complex approved

On July 18th, 2017, the Government Office issued a document to confirm the approval of Deputy Minister for the luxury tourism complex, which is to be invested by FLC Group in Do Son district, Hai Phong city. The project is estimated to stretch a coverage of 500 hectares and cost VND5.3 trillion (US$233 million).

Stock indexes
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Volume: 90,679,779 Value: 1,887.77 (Billions VNĐ)
108.38 0.36 0.33
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51.5 0.03 0.05
Volume: 7,284,826 Value: 120.14 (Billions VNĐ)
950.75 1.52 0.16
Volume: 23,337,520 Value: 860.04 (Billions VNĐ)