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Tag Archive for ‘Real Estate’

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

Foreign retailers ramp up investment in Vietnam

Earlier, numerous giants in the retail sector have entered the Vietnamese market and now, many of them are planning to enhance investment and expand their businesses to exploit market potential. Enhancing investment in Vietnam Recently, when talking with VIR, Yasuo Nishitohge, general director of AEON Vietnam Co., Ltd., said that Vietnam has great potential in […]

Vietnam businesses report huge profit for H1 2017

Businesses in the finance and banking sector continued to prosper in the first six months of the year. Listed companies have released their financial reports for the first half of the year. About 50 percent of businesses have reported growth in net profit, 40 percent have reported decreases in profit, and less than 10 percent […]

Land in Hanoi’s old quarters as expensive as gold

The land price in old quarters is quoted at nearly VND1 billion per square meter, but few plots are available for sale. A report by the Gachvang real estate trading floor shows that the price of land and houses in old quarters in Hanoi has increased by 20-40 percent compared with earlier this year. Dao […]

Speculative stocks heat the Vietnamese market

Both local stock indices advanced yesterday, with investors pouring money into speculative stocks for short-term profits. The benchmark VN-Index on the HCM Stock Exchange rose 7.3 per cent to close at 777.26 points. The southern market index has gained 1.4 per cent in the last three sessions in the previous week. On the Hà Nội […]

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 […]

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 […]

More Vietnamese investment funds receive licenses as Vietnam stock market thrives

A manager of TVAM said TVAM would launch the new fund – TVGF2 – a closed-end fund in early October. It will be listed on HOSE. Observers commented that more funds are being set up because of improved management and increased demand for investment because of the thriving stock market. PVI, a fund management company, […]

Foreigners who want to buy houses in Hanoi told to wait

The regulation on allowing foreigners to buy houses in Vietnam took effect three years ago, but the list of projects that can be sold to foreigners has still not been released. In early 2015, Trang An Complex, a high-end apartment project at No 1 Phung Chi Kien in Cau Giay district, was put on sale. […]

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 […]