Authorities have approved two more residential developments for foreign buyers as part of efforts to improve market liquidity and strengthen investor confidence.
Hà Nội has proposed a new regulatory framework allowing the conversion between social housing, commercial housing and resettlement housing projects in an effort to improve the use of underutilised housing stock and respond more flexibly to market demand.
The MONRE''s proposal is to develop a National Assembly Resolution allowing pilot commercial housing projects through land use rights agreements, even for non-residential land.
The central city’s construction department has listed 17 commercial housing projects that allow foreigners to own homes, including eight in Son Tra peninsula and six in the downtown Hai Chau district.
Becoming a middle-income
country has brought enormous challenges for Viet Nam, including the
danger of getting caught in the so-called middle-income trap.