The Police Department investigating Economic and Corruption Crimes (C46) yesterday raided the residences and offices of 14 people, mostly ex-employees of the now defunct Vietnam Construction Bank (known as TrustBank prior to 2013).

 Police have seized 34 houses in Vietnam and abroad that were owned by former Vinashin official Giang Kim Dat who involved in stealing nearly USD20 million.

 VietNamNet Bridge – An amended Housing Law draft would restrict foreign ownership to no more than 30 per cent of apartments in a building, or 250 houses in a ward.

 VietNamNet Bridge – A lot of houses and apartments in the old quarter of Hanoi have been put on sale, but few people have shown their interests.

 VietNamNet Bridge – Vietnamese, who always want their immovable properties to be their permanent assets, would not be interested in 49-year-ownership houses.

 VietNamNet Bridge – Eighty nine houses were burned down in a wild blaze yesterday afternoon, June 12, in Vinh Xuong Commune in Tan Chau Town in the Mekong province of An Giang.

A lot of expats in Vietnam have affirmed they will spend millions of dollars to buy houses here.

Vietnam will not be able to rescue the real estate market if it only relies on the domestic resources. The government has been urged to allow foreigners to buy houses in Vietnam to increase the demand.