HCM City gears towards smart city Society

HCM City gears towards smart city

Ho Chi Minh City and military telecom group Viettel signed an agreement on November 17 to develop the southern metropolis into a smart city during 2017-2020.
Property market stays strong Business

Property market stays strong

Strong economic growth since 2015 has created a thriving domestic property market that is likely to continue next year, said Construction Minister Pham Hong Ha.
Government urged to boost foreign home-buying Business

Government urged to boost foreign home-buying

The Ho Chi Minh City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market.
Hanoi apartment prices decline Business

Hanoi apartment prices decline

Prices of apartments in the local market in the first 10 months of the year witnessed a downward trend, Ha Quang Hung, deputy director of the Department Housing Management and Real Estate Market under the Ministry of Construction, said.
Social housing projects fail to attract tenants Society

Social housing projects fail to attract tenants

When it comes to social housing or affordable housing for low-income earners, funding is usually a key factor in such projects. However, once the projects are completed, problems in planning, investment management and efficiency tend to crop up.
Unions demand better conditions for workers Society

Unions demand better conditions for workers

The minimum wage is too low for workers to survive on while social housing is inadequate and too expensive for them, trade unions told Ho Chi Minh City’s leaders at a recent meeting.
Ho Chi Minh City develops social housing Society

Ho Chi Minh City develops social housing

Ho Chi Minh City aims to build about 20,000 social houses, 35,000 concentrated residential places for workers at industrial parks and 10,000 others for students during 2016-2020.
HCM City property market to change Business

HCM City property market to change

Ho Chi Minh City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.