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HCM City plans to tighten management of public lands and apply information technology to increase the city’s revenues, a city official said yesterday at a meeting.

Hoang Kim Land’s director arrested for alleged property scams

Tran Thi Hong Hanh, 49, director of HCMC-based realty firm Hoang Kim Land, has been detained for alleged asset misappropriation, reported the local media.

Hanoi announces housing projects for foreigners

The Hanoi Department of Construction has announced a list of 16 housing projects in which foreigners can buy.

Real estate loans make up 1/5 of total outstanding loans in Vietnam

The 14.58% growth rate is higher than the average credit growth of the economy.

HCM City real estate in need of jumpstart

Hundreds of real estate projects in Ho Chi Minh City have been suspended over the last two years, with many reasons being flouted for delays.

Buying and selling made easy

Proptech is playing an increasingly important role in information provision and the buying and selling of properties.

Housing projects to see more inspections

The Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trinh Dinh Dung said.

 

Projects in theory, raising prices in reality

Whenever information on infrastructures of a town gets leaked, even as a mere proposal of the government, real estate prices of that area would immediately go up. 

 

Lacking control

The development of condotels around Vietnam has occurred absent a dedicated legal framework.

US$1.3bn housing stimulus to be extended

Prime Minister Nguyen Tan Dung has approved the State Bank of Vietnam’s (SBV) proposal to extend the VND30 trillion (US$1.3 billion) housing stimulus package until disbursement of all associated funds is completed.

Brands jostle for prime space in HCM City

The retail market of Ho Chi Minh City has seen growing interest from both new and large-scale international investors.

Resort sales follow realty resurgence

Supported by stable economic growth and the upturn of the market, Vietnam’s resort and hospitality segment is expected to see a surge in investment capital this year.

Amended Circular 36 may hit banking and property

 A number of participants at a March 15 conference on the influence of amendments to Circular No. 36 regarding real estate lending said that such amendments may affect both the banking and property sectors.

BUSINESS IN BRIEF 19/1

Huawei eyes Vietnam; Thaco leads local auto market last year; Nearly 322 bln VND for rice farming development; Amata to invest in three more projects in Dong Nai; VASEP describes ice-to-fish ratio rule as unreasonable

HCMC’s century-old villa offered for $35 million

 VietNamNet Bridge - A French-style villa that was built in the early 1900s near downtown HCM City is on sale for US$35 million.

Real-estate companies rush to invest in agriculture: a good sign or worrying trend?

 VietNamNet Bridge –  Some real estate developers have decided to invest in agriculture, usually considered a risky and unprofitable business field. This is seen as a positive sign by some, but others see the trend as worrisome.

Ice thawing in apartment market

 VietNamNet Bridge – The real estate market, it appears, has been given a new lease of life. Market liquidity has improved significantly, with reduced inventory and increased sales.

BUSINESS IN BRIEF 24/5

Two Vietnamese companies listed in Forbes Global 2000; MoF takes action to halt rising milk prices; Mai Linh taxi group plans share issue; Conference convenes to solve finance access challenges

BUSINESS IN BRIEF 15/3

 PM green-lights construction corp listing; Vietnamese furniture companies expand overseas markets; SBV asks for lending interest rate cut; Samsung Vietnam’s 2013 exports generate US$24 billion

8 biggest real estate M&A deals in 2013

 VietNamNet Bridge – The year 2013 witnessed a series of successful merger and acquisition (M&A) in the real estate sector. The biggest deal was valued at VND9.8 trillion.