Ministry of construction

Update news Ministry of construction

The Government has suggested changing the name of the Ministry of Construction to the Ministry of Construction, Urban and Housing Development, said PM Nguyen Xuan Phuc at a recent conference to promote the 13th Party Congress Resolution.

HCM City’s housing industry faces difficulties

The property industry in Ho Chi Minh City, and in fact the country in general, faces several problems that need urgent solutions, especially with regard to legal provisions.

Proposal to limit higher-end residences brings controversy

The recent proposal from the Ministry of Construction to limit new investment in high-end residential property, including villas and high-rise apartments, 

VN real estate market to recover shortly: Experts

The slowdown in 2019 and the arrival of the COVID-19 pandemic in the opening months of 2020 saw Vietnam’s property market hit “double trouble”, but experts have said the possibility of a quick recovery remains.

Successful property transactions lowest in last four years: Ministry

Successful property transactions accounted for 14 percent of the total existing units in the first quarter of 2020, marking a decrease of 60 percent from the same period last year and also the lowest in the past four years, according to a report.

Construction sector struggling because of COVID-19 epidemic

The COVID-19 epidemic has affected the Vietnamese economy, including the construction sector.

WB-supported project to help ensure water supply for Mekong Delta

Officials of the Mekong Delta city of Can Tho had a working session with World Bank (WB) representatives on March 2 to discuss a water supply project for the region.

No bubble but land prices might increase: ministry

 While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.

 

Real estate retains second position in FDI attraction

Real estate remained the second biggest magnet for FDI in 2019, following processing – manufacturing, as it attracted $3.88 billion FDI, equivalent to 10.2 percent of the total registered.

Kien Giang gets nod to delay special economic zone plans

The Ministry of Construction has green-lighted Kien Giang province’s proposal to suspend the master plan to develop Phu Quoc Island into a special administrative-economic zone (SEZ).

Ministry of Construction urges strengthening of anti-money laundering in realty

The Ministry of Construction has requested its department in cities and provinces urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth VND300 million and above.

 

High-value property transactions must be reported

The Ministry of Construction has told the local construction departments to force property traders and exchanges to report cash transactions of VND300 million or more. 

 

VN construction ministry to release quarterly property market reports

The Ministry of Construction plans to start releasing quarterly reports on the domestic real estate market to increase transparency, Minister of Construction Pham Hong Ha said at a recent ministry meeting.

Slick action required by developers

As conflicts between high-rise apartment developers and their residents increase, some developers are struggling to improve their professionalism in building management.

Three Ministry of Construction's inspectors indicted for taking bribes

The People’s Procuracy of Vinh Phuc said on June 18 that it had indicted three inspectors from the Ministry of Construction, Nguyen Thi Kim Anh, Dang Hai Anh and Nguyen Thuy Linh, for allegedly taking bribes.

 

Construction Ministry's inspectors admit to demanding bribes of VND250 million

Two inspectors of the Ministry of Construction confessed to the police of Vinh Phuc Province that they asked for bribe worth VND250 million while on duty in the province to approve the declared values of some projects.

 

New fine would let illegal buildings stand

 VietNamNet Bridge – A decision to approve illegal buildings and unapproved extra floors if their owners pay a fine has been surrounded with controversy since being announced recently.

Ministry unveils energy-saving plan

 VietNamNet Bridge – A draft circular has been issued early this year by the Ministry of Construction to provide guidance on management, saving and efficient use of energy in buildings.

VND30 trillion bailout won’t rescue real estate market?

The Ministry of Construction and the State Bank both have loosened the requirements on the borrowers of the VND30 trillion package in an effort to speed up the disbursement. However, the power is in the hands of commercial banks.

Real estate market opens widely, but foreigners may not enter

 VietNamNet Bridge – The Ministry of Construction’s idea of allowing foreigners to buy houses in Vietnam may not help warm up the frozen real estate market, because foreigners may not intend to buy houses once they are too expensive.