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Tag Archive for ‘Property’

Engineer recalls bitter story of pioneering Vietnamese carmaker

As hope that Vietnam would finally produce cars domestically was renewed after construction of a new car factory began last week, one of the first local engineers who attempted to realize the dream has recalled how he failed as a pioneer. Now past his 70s, Bui Ngoc Huyen currently lives in his shutdown car factory […]

Vietnam’s real estate remains 2nd largest FDI lurer

Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date. According to the Ministry of Planning and Investment’s Foreign Investment Agency, between January and August 20, the real estate sector […]

The three biggest risks in doing business in Vietnam

Injecting money in non-core business fields, experimenting in real estate projects, and having a bad financial foundation are the three most significant risks facing the business environment in Vietnam, according to Le Xuan Nghia, a respected economist, and six other businessmen who declined to be named. vietnam economy, business news, vn news, vietnamnet bridge, english […]

Low land taxes in Vietnam prompt rich to hoard money in houses

A house with a floor area of 100 square meters on Dong Khoi street in District 1 of HCMC has a market price of VND1 billion per square meter. Meanwhile, the land user only has to pay VND5.82 million every year. Under the non-agricultural land use tax law, which took effect on January 1, 2012, […]

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Co-working space an affordable alternative in Vietnam

Leasing co-working space is more cost-efficient for small businesses than traditional commercial leasing, where the area may be much larger than their needs, according to Ms. Hoang Dieu Trang, Senior Manager, Commercial Leasing, at Savills Hanoi. Serviced offices are by no means a new concept. They originally evolved from hotel business centers in response to […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

More people in Vietnam search for real estate online

These days, people have shown a tendency to search for property information online, according to a new report of real estate website batdongsan.com. Statistics showed that website traffic hit 10 million per month, three million higher than 2016. The website also witnessed changes in the trend of using devices for searching, with mobile phones accounting […]

Foreign real estate brokers expanding in Vietnamese market

The property market segments which bring the highest profits are mostly controlled by foreign enterprises. In July, ERA Real Estate, a foreign broker, quietly opened five transaction points and one commercial office in the central business district of HCM City. The company now has 300 consultancy officers trained and certified in accordance with international standards. […]

Vietnam real estate market: magnet for foreign investors

Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector. A Q2 market report released by Savills Vietnam showed that many foreign investment funds have spent big money to acquire land plots in advantageous positions to develop high-end projects. M&A […]