Revenue from land and housing was estimated at nearly VNĐ342 trillion (US$13.57 billion) in the first seven months of the year, reaching 116.7 per cent of the forecast, an increase of 145.4 per cent compared to the same period last...
From the economic perspective, commercial service land is where real estate assets bring stable and efficient cash flows, such as financial, retail and accommodation complexes with better profitability than pure residential real estate and not creating pressure on social infrastructure.
Việt Nam’s 2024 Land Law is now undergoing major revisions even before its full rollout, as the Government faces mounting administrative, legal and valuation roadblocks.
A central focus of the draft is on improving the management and operational mechanisms of the Land Development Fund, especially concerning the use of idle capital.
HCM City authorities have d land prices to over VNĐ687 million (US$27,000) per square metre in central districts and VNĐ2.3 million on the outskirts, up four to 38 times compared to previous rates.
Hà Nội’s property market continued showing signs of recovery as successful land auctions fetched higher prices, with residents voicing concerns over inflated prices.
State-owned Vietinbank in Phú Quốc is cutting the auction price of 10 land plots on Phú Quốc Island by 14 per cent, lowering the price to VNĐ26 billion (over US$1 million) from nearly VNĐ30 billion, in an effort to recover...
The Ministry of Finance has proposed reductions of land rental fees by up to 30 per cent in 2024 which will help businesses to save around VNĐ4 trillion (US$162.57 million).
The flooding situation during heavy rains has been included among eight criteria for the pricing of non-agricultural land in Hà Nội, according to a recent decision of Chairman of the municipal People’s Committee Trần Sỹ Thanh.
General Director of Savills Việt Nam Neil MacGregor said that since the beginning of this year, Việt Nam has emerged with a stable growth rate and is a favourite destination for diverse foreign direct investment flows from countries like Singapore,...