Property

Under Decision No. 2189/QD-UBND from the Thanh Hoa Provincial People’s Committee, seven industrial clusters on a total area of 340 ha will be added to the provincial industrial cluster development plan to 2025 and orientation to 2030.

Real estate projects in Da Nang have primarily focused on the resort segment over the last decade. The city now needs residential urban areas but will not build small, fragmented developments that are difficult to link with infrastructure. Instead, it aims to create large-scale ecological urban areas associated with the conservation of natural landscapes.

Features and stories about the Rang Dong Textile and Garment Industrial Park (Aurora IP), belonging to the Cat Tuong Real Estate Group Joint Stock Company, have been published by many leading news agencies around the world, such as Bloomberg, Market Insider, Yahoo Finance, and Daily Express. The IP is gaining appeal among domestic and foreign investors, and contributes to the sustainable development of the textile industry.

Coastal real estate prices in Ha Long city in northern Quang Ninh province have increased sharply over recent years. They are still, however, only two-thirds of those seen in traditional coastal real estate markets such as Da Nang, Nha Trang, and Phu Quoc Island. According to investors, price rises will therefore be difficult to stop in Ha Long city, especially given the shortage of real estate in prime locations.

Ho Chi Minh City is considering shortening the time needed to complete procedures for social housing projects from 500 days to 133-217 days, and will propose the government allow investors in the field to access preferential credit. The city will also soon issue a policy on supporting and managing individual housing and houses invested in by households and individuals for rent.

The government has issued a decree amending and supplementing a number of specific mechanisms on investment, finance, budget, and the decentralization of management in central Da Nang city. The city’s People’s Committee is permitted to decide on the urban development area, and its People’s Council may consider and decide on investing in industrial clusters.