Real estate transactions fall on tightened property loan control Business

Real estate transactions fall on tightened property loan control

As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.
HCM City to develop resettlement housing Society

HCM City to develop resettlement housing

Ho Chi Minh City plans to develop social housing on its own instead of building new resettlement housing with state funds, according to the city’s People’s Committee.
New infrastructure approved for Thu Thiem resettlement area Society

New infrastructure approved for Thu Thiem resettlement area

The HCM City government has given approval to a local property developer to build technical infrastructure on three land lots covering 38.4 hectares for resettlement of residents in the Thu Thiem New Urban Area in District 2’s Binh Khanh Ward.
Banks hold auctions to cut bad debts Business

Banks hold auctions to cut bad debts

Some banks are putting assets secured with non-performing loans worth hundreds of billions of Vietnamese dong up for auction in the first days of the Lunar New Year to speed up the resolution of bad debts.
Bright prospects for real estate market in central coastal localities Business

Bright prospects for real estate market in central coastal localities

Localities surrounding Hanoi and Ho Chi Minh City, as well as the central coastal provinces from Thanh Hoa to Binh Thuan, are stepping up investment in economic, industrial, and urban development towards the sustainable growth of the real estate market in 2019, according to General Secretary of the Vietnam Association of Realtors Nguyen Van Dinh.
Bac Giang works to improve investment attraction Business

Bac Giang works to improve investment attraction

The northern province of Bac Giang will continue taking measures to improve the efficiency of investment attraction and better its business climate, according to Chairman of the provincial People’s Committee Nguyen Van Linh.
Banks tighten lending rules Business

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 percent to investors in real estate as property prices continue to rise.