Tag Archive for ‘Property’

Vietnam shares may not extend rallies through August, 2017

Vietnamese shares have risen during the last three sessions on both the local exchanges, but this rally is not expected to sustain through the last trading week of August. This is because investors will try to accrue profits from their recent gains, while supportive business-market information is lacking, according to experts. The benchmark VN Index […]

APEC officials discuss intellectual property rights protection in border

Senior officials of the APEC economies discussed issues related to the implementation of intellectual property in border areas, fake commodities and brand violations during a conference held by the Intelligence Property Rights Experts Group (IPEG) in Ho Chi Minh City on August 24. They debated a wide range of matters related to the effect of […]

Over 750 foreigners in Vietnam received certificates of home ownership

More than 750 foreigners have received certificates of home ownership in Vietnam since the Housing Law 2014 took effect, according to the Ministry of Construction. However, several real estate experts said the figure is yet to meet expectations though housing policy for foreigners in Vietnam has been loosened, partly due to their job duration, property […]

Gov’t considers recognising bitcoin in Vietnam

Prime Minister Nguyễn Xuân Phúc this week approved the plan to scrutinize and streamline the legal framework for the management of cryptocurrencies such as bitcoin in Việt Nam. With this go-ahead, it is expected that such currencies will be recognised legally in the country soon. The PM has asked the Ministry of Justice to preside […]

Foreigners will be allowed to own houses in Vietnam for up to 99 years

On August 2 2017, the Government Standing Committee met to discuss the proposed law on special administrative-economic units and changes in the land law concerning foreign ownership of property. Prime Minister Nguyen Xuan Phuc has said it is necessary to create a special legal framework to attract investment in special zones. A draft law will […]

There Is Group Interest in the Banking System, SBV Governor Says

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh admitted that there was group interest in the system of credit institutions, the local newswire reported. Inspection results of 27 credit institutions showed that many lenders had been controlled by a group of shareholders who held key positions at these banks. Outstanding loans to the group of shareholders accounted for a great proportion of total lending, sometimes up to 90%, the Governor said. Particularly, lending to this group of shareholders is related to real estate, which drove bad debts to rise and commercial banks to suffer loss amid…

Vietnam: Where Are People’s Interests In Land Acquisition?

The land acquisition process at present does not create opportunity for farmers to benefit from the value of assets created from the conversion of land use purposes. Sustainable economic development in Vietnam depends on the change of land use purpose and other resources to more useful purposes. Typically, economic growth is defined as economic growth (for example, the sustainable growth of real income per capita), and the structural transformation. The key factor for economic development is the growth of production inputs (land, labor, and capital), growth of the use of these inputs, and improvement of the quality of the organizational…

Over US$2 billion stuck in Vietnam’s unsold real estate

Unsold property products are valued at some VND40.75 trillion, or around US$2 billion, said Minister of Construction Trinh Dinh Dung, adding that relevant agencies are seeking solutions for the problems in this sector. Dung informed this figure at the question and answer session of the National Assembly (NA) on Monday. The figure is calculated on […]

Starlake Township Project A Shining Star In Hanoi

Despite the sluggish property market, the Korean-backed Tay Ho Tay Township project is planning to kick-off construction in Hanoi this week. On this occasion, the developer T.H.T Development Company will also announce the new brand name for the project – Starlake. According to the developer, with the agreement from the Hanoi People’s Committee, the project […]

Korean Developers In Vietnam Get Feet Stuck In Cement

Many Korean real estate developers are facing difficulties in implementing their projects in Vietnam. The rough and tumble of Vietnam’s property market has irked many Korean developers According to Daekeun Chung, lawyer and deputy director of the law firm Logos, many Korean-backed projects have exited the market since the beginning of the year. Among those, […]