Up to 16,000 foreigners buy housing in Vietnam in last five years

Between 14,000 and 16,000 foreigners have bought housing in Vietnam since July 2015, mostly from China, the Republic of Korea, Japan, Taiwan (China), and Singapore, the HCMC Real Estate Association (HoREA) estimates.

Up to 16,000 foreigners buy housing in Vietnam in last five years hinh anh 1

Between 14,000 and 16,000 foreigners have bought housing in Vietnam since July 2015. (Photo: thanhnien.vn)

It cited figures from 17 major property businesses in the country as showing that 12,335 foreigners have bought housing from them since July 2015.

As many as 10,020 people, or over 81 percent of the total, bought housing in HCM City.

 

The association said the number of apartments bought by foreigners, equivalent to some 0.85 percent of units in commercial housing projects, is still not large and the property market for foreigners has not expanded to any great extent.

Given this, it proposed authorities allow foreigners to purchase or own condotels, tourist villas, and shoptels, while those wishing to invest in resort tourism projects must do so via financial investment under the Investment Law./.VNA

 
 

Other News

.
Brexit deal met with relief across Europe
Brexit deal met with relief across Europe
BUSINESSicon  07/01/2021 

After four long years of debate, negotiation, elections, and more debate, the United Kingdom has finally and officially left the European Union. 

Party congress to highlight critical role of private sector
Party congress to highlight critical role of private sector
FEATUREicon  07/01/2021 

Vietnam’s development outlook is set to be formulated over the next few weeks when the 13th National Party Congress takes place in Hanoi, 

Country’s IT groups pioneering in digital transformation efforts
Country’s IT groups pioneering in digital transformation efforts
BUSINESSicon  06/01/2021 

The Vietnamese IT market has seen a strong increase in digital products, platforms, and services in 2020, with many gaining bolder steps in domestic and international markets.

Building a modern Vietnam for all
Building a modern Vietnam for all
FEATUREicon  06/01/2021 

The Vietnamese economy has been witnessing tremendous achievements over the past few decades under the sound policies and strategies by the government and the great contributions of the planning and investment sector. 

Cash flows to Vietnam, more young people start up businesses
Cash flows to Vietnam, more young people start up businesses
FEATUREicon  07/01/2021 

The Covid-19 pandemic has disrupted investment flow into Vietnam’s startups, but for venture funds, Vietnam is still considered a priority market in Southeast Asia in 2021.

Investment funds beat the market in 2020
Investment funds beat the market in 2020
BUSINESSicon  06/01/2021 

2020 marked an unexpectedly successful year for big investment funds in Vietnam, with Pyn Elite Fund having the best performance.

Over 14 billion USD mobilised through G-bond auctions at HNX in 2020
Over 14 billion USD mobilised through G-bond auctions at HNX in 2020
BUSINESSicon  06/01/2021 

Nearly VND324 trillion (over $14 billion) was mobilised through G-bond auctions at the Hanoi Stock Exchange (HNX) in 2020, accounting for 108 percent of the set plan.

Vietnam heads towards modern, integrated agriculture
Vietnam heads towards modern, integrated agriculture
BUSINESSicon  06/01/2021 

Minister of Agriculture and Rural Development Nguyen Xuan Cuong talks about measures to promote modern agricultural development.

After fast growth, domestically assembled cars face downtrend
After fast growth, domestically assembled cars face downtrend
BUSINESSicon  06/01/2021 

The year 2020 witnessed many ups and downs of the car market. In H1, demand dropped dramatically because of Covid-19, but in H2, cars sold well thanks to the preferential vehicle registration tax.

Digitizing traditional markets – $10 billion potential
Digitizing traditional markets – $10 billion potential
FEATUREicon  06/01/2021 

Traditional markets and groceries still hold the largest share of the consumer retail market, but new business models are scrambling for a piece of the pie.

Inflation control cannot be taken lightly
Inflation control cannot be taken lightly
BUSINESSicon  06/01/2021 

Although many forecasts said that inflation would be controlled at less than four per cent this year, economists recommended it was still important to pay attention to inflationary pressures.

Concerns for reform
Concerns for reform
FEATUREicon  06/01/2021 

A strategic advisory body on reform and development is essential in the transitional economy in Vietnam.

Cross-border taxation to bolster national budget
Cross-border taxation to bolster national budget
BUSINESSicon  06/01/2021 

Collecting tax from cross-border platforms as well as people profiting from them is the government’s leading mission in 2021.

Fitch Solutions revises up Vietnam GDP growth forecast to 8.6% in 2021
Fitch Solutions revises up Vietnam GDP growth forecast to 8.6% in 2021
BUSINESSicon  05/01/2021 

Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.

Vietnam retail market records $172 billion in 2020
Vietnam retail market records $172 billion in 2020
BUSINESSicon  05/01/2021 

Such growth rate, while remaining lower compared to the 12.7% recorded the previous year, was an encouraging sign for the business community amid global retail market suffering plunge in revenue during the pandemic.

Vietnam sets high GDP target in 2021 to make breakthroughs
Vietnam sets high GDP target in 2021 to make breakthroughs
BUSINESSicon  05/01/2021 

Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.

Vietnam’s strong economic recovery to further take Vn-Index to nearly 1,300 in 2021
Vietnam’s strong economic recovery to further take Vn-Index to nearly 1,300 in 2021
BUSINESSicon  05/01/2021 

The fact that interest rates are still very low, will help the local stock markets continue to be an attractive and profitable channel, thereby attracting domestic investor.

Covid-19 costs Vietnam US$19 billion in export revenue
Covid-19 costs Vietnam US$19 billion in export revenue
BUSINESSicon  05/01/2021 

Vietnam could have earned US$300 billion from exports this year but the export revenue stood at just US$281 billion due to Covid-19, said Minister of Industry and Trade Tran Tuan Anh.

Inspections against transfer pricing to be increased
Inspections against transfer pricing to be increased
BUSINESSicon  06/01/2021 

Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.

VIETNAM BUSINESS NEWS JANUARY 6
VIETNAM BUSINESS NEWS JANUARY 6
BUSINESSicon  06/01/2021 

Agriculture sector targets US$62 billion in export revenue by 2030

 
 
 
Leave your comment on an article

OR QUICK LOGIN