Addressing losses in tax revenue from real estate transactions
Property

Addressing losses in tax revenue from real estate transactions

Dr. Alex Pham, who holds a Ph.D. in Property Economics, is a Lecturer at Western Sydney University, and is General Director of FINA, said that one of the main reasons for losses of tax revenue in real estate transactions in Vietnam is a lack of transparency. He suggested it could learn from models in neighboring counties such as Thailand, Malaysia, and Indonesia.
Property

Land use rights auctions being announced

Many localities are announcing the auction of land use rights as the end of the year approaches. Northern Nam Dinh province will auction 74 land plots, the central highlands’ Dak Lak province 52 land plots, and northern Quang Ninh province 17 land plots. These auctions are being conducted openly, honestly, and equally, and protecting the legitimate rights and benefits of participating parties.
Property

Real estate investors in the north interested in the south

The Vietnam Institute of Real Estate Studies (VIRES) has said that investors in the country’s north are increasingly interested in the southern real estate market. They view the southern market as a “promised land”, especially Ho Chi Minh City and neighboring provinces. Recent large-scale projects developed by reputable investors and rising interest in general, especially from customers in the north, have boosted the real estate market in some southern provinces.