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The Ho Chi Minh City People's Committee, the city administration, has approved 10 more projects where foreigners may buy homes, VnEconomy reported on 9 October. It is the 13th time the list has been extended. By the outlet's count, it now covers around 160 projects. The new batch includes: Saigon Pearl, phases 1, 2 and 3B (Thanh My Tay ward),...
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In the first nine months of 2026, Vietnamese property developers issued bonds worth VND149.5 trillion, about US$5.7 billion. That is more than double the figure for the same period a year earlier. A bond is a debt security: the company borrows from investors and promises to repay with interest. The data comes from the rating agency VIS Rating. The...
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If the amendments to the Housing Law are adopted as they stand, foreigners in Vietnam will be able to buy apartments only. The draft published on 13 September drops the right to own landed houses, meaning villas and townhouses on their own plot of land. The Ministry of Construction links the change to Resolution 21-NQ/TW, adopted by the Communist...
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The Law on Urban Development has been in force in Vietnam since 1 October. The National Assembly passed it on 24 August, with 465 of the 474 deputies present voting in favour. The law is aimed primarily at Ho Chi Minh City. The main change is in the city's powers. Its People's Council and People's Committee can issue local legal documents that...
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The latest data on Vietnam's real estate market has given experts reasons to be optimistic about its development prospects in 2024. In particular, their attention has been drawn to the indicators of the industrial segment of the market in September 2023. The industrial real estate market has entered a phase of active recovery, which is driven by...
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In 2020, Vietnam's real estate market began a challenging period of decline. The global pandemic was the obvious initial problem, which did not loosen its grip on the world until the end of 2021. However, the long-awaited recovery did not materialize as another issue emerged - a broad campaign against corruption and tax evasion, which had...
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Members of Vietnam's parliament have proposed a bill that would require real estate companies and buyers to conduct all financial transactions when purchasing new properties exclusively through approved domestic banks. This is expected to be one of the main tools in the government's long-running battle against corruption and tax evasion in the...
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Vietnam’s economy is booming, according to statistics for Q3 2023. Gross Domestic Product (GDP) growth for the third quarter of this year increased by 5.3%. The development of the economy is beneficial to all areas of life and entails an increase in demand for property in all segments, from flats and houses to offices and retail facilities...
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In an interview for the Vietnamese Investor newspaper, Professor Hoang Van Cuong, Vice-Chancellor of the National Economic University, said new offers, especially low-cost housing, must be added for the property market to recover. This will help increase liquidity and transaction volume. This will help businesses generate income to pay off debts,...
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According to the Vietnam Association of Realtors (VARS), the property market has seen a lot of activity in Q3 2023, with the number of transactions increasing from quarter to quarter. Professor Dr. Hoang Van Cuong, Vice-Chancellor of the National University of Economics, said the property market has changed this year. The market is slowly but...