Condotel investment risky yet promising property segment

Investment in condotels remains appealing despite defaults in profit commitments by property developers, but a clear legal framework is needed to protect investors’ rights, according to experts.
Condotel investment risky yet promising property segment ảnh 1Speakers at a workshop in HCM City discuss the legal framework needed for the condotel property segment. (Source: VNA)

HCM City (VNA) - Investment in condotels remainsappealing despite defaults in profit commitments by propertydevelopers, but a clear legal framework is needed toprotect investors’ rights, according to experts. 

Speaking at a seminar in Ho Chi Minh City on December 17, LuongHoai Nam, member of the Tourism Advisory Council, said that condotelinvestment would continue to be attractive because of fast-paceddevelopment in tourism infrastructure.

However, investment remains risky because of the “lackof a legal framework, limited ownership period (often 50 years), and lack ofmanagement capacity of the developers”, Nam said. 

No condotel project in Vietnam has been granted an ownershipcertificate, which has caused problems for investors and statemanagement agencies.

Le Hoang Chau, Chairman of the HCM City Real EstateAssociation (HoREA), said it was important to protect the rights ofinvestors. “We think that an ownership certificate should be issued foreach condotel.”

He said there was no need for a new law,but current laws need new content to ensure the rights of investors. 

The law should clearly stipulate the conditions forraising capital for future condotel projects. These wouldinclude construction permits and complete infrastructure systemsbefore the sale of the units.  

The condotel projects must also be guaranteed bya bank, Chau said.

In Vietnam, developers often pre-sell condotels andthen use the money from buyers to complete project construction.

Mai Van Phan, Deputy Director of the Land Administrationunder the Ministry of Natural Resources and Environment, said that underthe Tourism Law, a condotel means a hotel condo operating as ahotel which is a service business and does not have a residentialpurpose. 

“Land for building condotels is categorised as land for leasefor production and business within a period of only 50 years, notfor residential purpose (which is longer term), so it’s impossible togrant long-term ownership certificates for such condotels,” he said./.           
VNA

See more

Freshly prepared dishes served at the event (Photo: VNA)

US promotes agricultural products to Vietnamese consumers

The “US Agricultural Discovery” programme, co-hosted by the US Department of Agriculture and the US Consulate General in Ho Chi Minh City, kicked off in the southern hub on July 19 as part of activities to celebrate the 30th anniversary of diplomatic ties between the two countries (1995–2025).

Cao Xuan Thang, Trade Counsellor and Head of the Vietnam Trade Office in Singapore, speaks at the festival (Photo: VNA)

Singapore trade event helps Vietnamese enterprises boost exports

The Vietnam Fruit and Vegetable Festival 2025 was held in Singapore on July 18 as a meaningful trade promotion event that strengthens bilateral economic, trade, and investment ties and helps realise the economic cooperation contents of the Vietnam–Singapore Comprehensive Strategic Partnership.

Vietnamese Ambassador to Laos Nguyen Minh Tam addresses the seminar (Photo: VNA)

Vietnam, Laos hold cross-border e-commerce seminar in Vientiane

Representatives from Vietnam and Laos emphasised the essential role of digital platforms, which are seen as the backbone of the e-commerce ecosystem. They also highlighted the significance of infrastructure in facilitating the smooth transport of goods between the two countries.

Sock production line for export at SUNJIN AT&C VINA Co., Ltd., Chan May - Lang Co economic zone, Hue city. (Photo: VNA)

Transparent business environment appealing to foreign investors

During the first half of 2025, the total registered FDI reached 21.51 billion USD, up 32.6% year-over-year. This includes 9.3 billion USD in new investments, down 9.6%; 8.95 billion USD in additional capital for existing projects, a 2.2-fold increase; and 3.28 billion USD through capital contributions and share purchases, up 73.6%.

Deputy Minister of Science and Technology Pham Duc Long meets with Google’s Vice President for Emerging Markets Doron Avni in Hanoi on July 17. ( VGP Photo)

MoST partners with Google to explore digital transformation, AI, SMEs

The two sides agreed to establish a joint task force to formalise their collaboration, with a strong focus on quantum technology, a strategic frontier of the digital age, and AI-powered solutions to help Vietnamese SMEs enhance their competitiveness and modernise their operations.

VBAB Chairman Nguyen Thanh Vinh (left) meets with a Belgium business representative. (Photo: VNA)

Business network helps connect Vietnam with Belgium, EU markets

As Vietnam accelerates green and digital transition, the Vietnam Business Association in Belgium (VBAB) is prioritising connections with capable Belgian partners in clean energy, particularly hydrogen and renewable energy, and smart seaport planning.

Kim Long Motor's passenger bus assembly line. (Photo of Kim Long Motor)

Kim Long Motor Hue multiplies investment sixfold

The company’s decision to inject an additional 21 trillion VND (804 million USD) into the project not only reflects its ambition to scale up operations but also signals a strategic shift towards exports and integration into global supply chains.

Hanoi’s key industries given priority to drive growth

Hanoi’s key industries given priority to drive growth

Hanoi is implementing a series of breakthrough plans, ranging from attracting investment and developing high-tech products to facilitating businesses’ global expansion, with a goal of transforming it into the country’s leading hub for key industries and supporting industries.

At the signing ceremony for the partnership between Becamex Binh Duong and IFC in HCM City on July 16, 2025.

Becamex, IFC advance green industrial park model in Vietnam

Under the cooperation agreement signed on July 16, the International Finance Corporation (IFC) will support Becamex IDC in conducting preliminary assessments for up to five industrial parks using the Global Eco-Industrial Parks Programme (GEIPP) certification framework.