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Second wave of Covid-19 dampens hopes for quick tourism recovery in 2020

Second wave of Covid-19 dampens hopes for quick tourism recovery in 2020

The performance of hotel industry in the third quarter of 2020 will not see much improvement as Vietnam has faced a second wave of Covid-19 since late July, CBRE said.

"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.

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).

Stock indexes
1,019.8 5.48 0.54
Volume: 518,905,499 Value: 9,882.55 (Billions VNĐ)
151.99 1.19 0.79
Volume: 1,950 Value: 0.2 (Billions VNĐ)
69.02 0.42 0.61
Volume: 42,178,607 Value: 666.92 (Billions VNĐ)
985.44 5.49 0.56
Volume: 183,517,840 Value: 4,752.84 (Billions VNĐ)