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Category: Vietnam Real Estate News

Vietnam’s real estate industry has been through a number of challenges in recent years with a number of regulatory changes made in an attempt to strengthen the industry. This section monitors Vietnam real estate news coverage of those regulatory changes as well as mergers and acquisitions in the real estate space.

Owner of Vietnam’s gold hotel in Hanoi sees debts put up for auction

The connection to the gold hotel in Hanoi, whether it’s up for grabs or not, is noteworthy in that it was finished in 2019 right before COVID-19 saw borders close for the better part of two years. Up to that point, Vietnam’s economy had been going gangbusters as Vietnamese real estate and construction tycoons issued bonds and borrowed money hand over fist expanding…

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Implementation of Vietnam’s new Land Law slated for July with NA approval

Among the key regulations this change will see come into force early are adjustments to the Law on Land that will remove land pricing regulations that see a price set every five years based with which, using their own coefficients, local governments determine the price of land. With land values increasing faster than the centrally set price and, believing their land to be worth more, landowners had in the past refused to sell waiting for a better price and this has held up a number of projects.

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Vietnam real estate market expecting boost from new Land Law

This may, however, be wishful thinking. It is already quite common for overseas Vietnamese to invest in real estate in Vietnam. Generally, if overseas Vietnamese cannot acquire property in their own name they will do so through a family member still living in the country. In this context, it’s not clear that when the new law comes into effect this part of it will make all that much of a difference.

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Vietnam’s second biggest real estate developer under investigation

Vietnam’s Novaland, the country’s second biggest real estate developer, is currently being investigated by the Ho Chi Minh City Police department. The department has reportedly request documents pertaining to Aqua City, a real estate development in southern Vietnam’s Dong Nai province. As a result, Novalands share value plummeted by about

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Novaland lost VND 462 billion because of the exchange rate?

Embattled Vietnamese real estate developer, Novaland, has reported a first quarter loss of VND 601 billion or US$23.7 million, VN Express has reported. Of note, earlier this year Novaland reported an after tax profit on its unaudited financials statements of 685 billion or US$27 million, however, after being audited it

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Vinhomes CEO says firm will not financially support Vinfast

The fact that she is even being asked about it is very telling as to how local investors view Vinfast’s prospects even if the local media is firmly on Vinfast’s side. (Full article is in The Investor). Vingroup owns about 60 percent of Vinhomes, and the head of Vingroup has

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Vietnam’s Real Estate Market Recovery 2024: Unpacked

At the beginning of last year, construction work on buildings in Vietnam was slowly winding down as the real estate industry ground to a halt. Hard hats were hung up and cranes ten stories high fell dormant leaving the cement shells of unfinished residential towers standing dark and empty–cold reminders

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HCMC-based real estate tycoon sentenced to death on fraud charges

Truong My Lan, the head of property developer Van Thinh Phat was sentenced to death this week convicted of a number of charges including embezzling US$12.5 billion. Local news coverage is more or less all the same. See: Vietnam property tycoon Truong My Lan sentenced to death in multi-billion dollar

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Vietnam construction material makers stills struggling to find buyers

A number of construction materials firms reported losses last year and are now asking for government support, specifically more large scale infrastructure projects, Doanh Nhan Vietnam is reporting. This is not a good sign for the real estate industry in that construction firms, presumably in the know, are not banking

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Vietnam’s New Law on Land to make site clearance easier

Vietnam’s new Law on Land, will remove land price brackets set by the state which should see land values increase, which should lead to less complaints from landowners when their land is acquired, which should make site clearance much easier, Luat Vietnam is reporting. In the past, the national government

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Vietnam to restrict mortgages for off-the-plan dwellings from July 1

The Ho Chi Minh City Real Estate Association (HoREA) has raised concerns about new regulations that will only allow banks to issue home loans on completed buildings, Tuoi Tre is reporting. These new regulations are outlined in Circular 22/2023/TT-NHNN. The article does not offer specific details as to what these

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Hanoi apartment prices jump on real estate market downturn

Apartment prices in Hanoi, in some instances, have doubled on the back of a slowdown in the construction and real estate sector, Doanh Nhan Vietnam is reporting.  Key points: At the end of Q3 2023, 42 commercial housing projects had been finished accounting for about 15,966 properties; This was barely

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