HCM City property rebounds Business

HCM City property rebounds

The HCM City housing market is recovering thanks to effective government policies like allowing foreigners and overseas Vietnamese to buy houses, an industry insider has said.

Housing credit package disbursement pushed forwards

Over 22,200 households have signed borrowing contracts worth 10.1 trillion VND (466 million USD) with commercial banks under the Government’s 30 trillion VND (1.4 billion USD) housing credit stimulus scheme, said Head of the Department of Housing and Real Estate Market Management Nguyen Manh Ha.

Construction ministry seeks ODA for social housing projects

The Ministry of Construction (MoC) has proposed the Government to consider the pilot use of official development assistance (ODA) capital and concessional loans in social housing projects in order to make this type of accommodation more accessible to low-income people.

Vietnam needs 200,000 social housing units by 2020

Demand for social housing units in the 2016-2020 period is estimated at 200,000 units if the demand for 2012-2015 (700,000 units) can be met by the end of this year, according to the Ministry of Construction (MoC).

New housing, commercial complex unveiled in Hanoi

The Hoa Binh Infrastructure Construction Investment Corporation (HBI) unveiled its Imperia Garden office, housing and commercial complex in Nguyen Huy Tuong Street in Hanoi's Thanh Xuan District on May 21.
Regulations drafted on foreigners’ housing ownership Society

Regulations drafted on foreigners’ housing ownership

Foreigners are not permitted to own more than 30 percent of the total units of a building in Vietnam, according to a draft decree compiled by the Ministry of Construction (MOC) to guide the enforcement of the revised Housing Law, which will take effect on July 1 this year.

Dong Nai to build 625 housing units for the needy in 2015

The southern province of Dong Nai will complete construction on and hand over 625 housing units worth nearly 500 billion VND (23.1 million USD) to local disadvantaged and people who rendered services to the nation by the end of this year.