Nearly 80 apartment buildings in Hanoi violate fire safety regulations according to the Hanoi Fire Prevention and Fighting Police Department.
The national housing development strategy targets having 12.5 million square metres of social and affordable housing by 2020.
At “Prime Minister with Enterprises” meeting conference held recently, Vietnam Minister of Finance Dinh Tien Dung issued the official statement about the temporary suspension and inspection of 60 real estate projects, which had previously been a controversial topic.
Hanoi Fire Fighting and Prevention Police in coordination with Vietnam Fire Prevention and Control, Rescue and Salvage Police Department (C66), has recently conducted fire safety inspections at 10 projects and high-rise construction sites, whose designs had previously been examined and approved by C66. The inspection was carried out on almost all the districts in Hanoi.
The country's resort sector is looking like an attractive proposition as tourist numbers continue to climb.
The Hanoi People’s Committee, BRG Group, and Sumitomo Group have just signed the $4-billion agreement to develop a smart city at the north of Hanoi, along the two sides of Nhat Tan-Noi Bai Highway.
As newcomers in the real estate market, they are known as ‘upstarts’ thanks to their rapid increase in capital and implementation of huge projects.
The emerging trend of “condotels” and “officetels” (condominiums and offices treated as hotels) as attractive investment options in the country requires that the legality of such properties are clarified urgently, experts say.
Vietnam's largest cities plan to add around 1,000 new rooms each by the year end.
As luxury hotels prosper, more and more investors are pouring capital into the sector.
