Business

Housing sector targets middle class

Property developers have been launching a slew of apartment and residential land projects targeting both middle- and high-income earners, sparking off a new race in the market.
Property developers have been launching a slew of apartment andresidential land projects targeting both middle- and high-incomeearners, sparking off a new race in the market.

HungThinh Real Estate Company recently began to sell its 12 View project in District 12, which is around 80 percent finished.

SaiGon Tiep Thi newspaper quoted the company's general director, NguyenNam Hien, as saying the 400 apartments there cost over 11 million VND(518 USD) per square metre. Buyers have to put 20 percent down and paythe remaining amount based on construction progress at the rate of 8percent per instalment.

Tanimex plans to start selling itsTanibuilding apartments in Tan Phu district on September 7 at 11.9million VND per square metre.

Kim Oanh Real estate Company willbegin selling 400 land lots for street houses in Di An district in theneighbouring province of Binh Duong next week at 170 million VND andabove for a piece.

In the higher segment, Phu Long Co beganselling its Dragon Parc villas at a starting price of 5.5 billion VND(260,000 USD). Phung Chu Cuong, its general director, said 10 customershad registered to buy before sales opened.

CapitaLand Thien Duchas sold 100 out of almost 1,200 units at its Vista Verde apartmentproject in District 2, which will be completed in 2017. Prices begin ataround 1.5 billion VND for a unit of less than 50sq.m.

Him LamJSC said that its Him Lam Cho Lon project in District 6 with 1,400apartments would enter the market in mid-September at prices starting at18 million VND per square metre.

Phu My Hung is making finalpreparations to sell its Scenic Valley targeted at young buyers andnewlyweds. Model houses will be open for viewing on September 7.

Accordingto statistics from the Vietnam Real Estate Association, in the secondquarter 11 residential projects went on sale in Ho Chi Minh City withmore than 3,200 units, 70 percent higher than in the first quarter and140 percent up from the same period in 2013.-VNA
Follow VietnamPlus

See more

A company in Da Nang operates a customer relationship management system supported by AI chatbots. (Photo: VNA)

AI drives rise of sleepless enterprises in Vietnam

The concept of a sleepless enterprise does not necessarily mean making employees stay on the job all the time. Instead, it's about building intelligent systems that can respond to customers, process transactions, monitor operations, analyse data and flag risks continuously.

Head of the Vietnam Trade Office in Australia Tran Thi Thanh My (Photo: VNA)

Vietnam, Australia eye 20 bln USD trade target

The head of the Vietnam Trade Office in Australia hoped that the visit by Party General Secretary and State President To Lam will mark a new milestone, opening the door for firms on both sides to forge stronger links and launch concrete cooperation agendas, helping hit that 20 billion USD trade goal sooner rather than later.

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.

Wei Xiaoli, a representative of Shandong Jindafeng Machinery Co., Ltd., in an interview granted to the Vietnam News Agency. (Photo: VNA)

Chinese firms see strong potential for agricultural mechanisation cooperation with Vietnam

Business representatives said mechanisation not only helps reduce reliance on manual labour but also improves production efficiency, shortens planting and harvesting times, reduces post-harvest losses and enhances the quality of agricultural products. For rice-producing countries like Vietnam, they noted, accelerating mechanisation is an inevitable trend to strengthen the competitiveness of the agricultural sector.

Community-led fisheries groups have become frontline defenders of coastal fisheries. (Photo: VNA)

Community-led fisheries groups strengthen IUU fight in Ha Tinh

With a long coastline and abundant inshore fishing grounds, Ha Tinh has long identified the marine economy as a key growth driver. However, growing fishing pressure and destructive practices have posed major management challenges. Community-led self-management initiatives are now providing an effective solution.

At the VIFC-HCMC (Photo: VNA)

700 bln USD for net zero: Vietnam bets on VIFC

Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of the Executive Board of VIFC-HCMC, said the VIFC will focus on building market infrastructure needed to bridge the gap between big investment pledges and bankable projects.