Minister of Construction Pham Hong Ha said at the meeting of the National Assembly early this week that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year.

VietNamNet Bridge - In the first months of 2017, the number of real estate transactions at the Notary Public Office No 1 in HCMC increased by 17-27 percent compared with the same period last year.

VietNamNet Bridge - Though officetels and condotels are selling in the market, they still do not have positions in legal documents.

VietNamNet Bridge - The number of officetels has been increasing in Vietnam in the last three years, but the model has not been legally recognized.