Property

North-central Thanh Hoa province needs VND150 trillion ($6.6 billion) for housing development in the 2021-2025 period. The province is focusing on commercial housing with social capital and developing social housing from the capital sources of enterprises and loans from credit institutions and the Bank for Social Policies.

More than 570 ha of land is unused in Vung Tau city in southern Ba Ria-Vung Tau province, including alluvial land along rivers, the sea, and sandy beaches. It is expected that, by 2030, the city will no longer have any unused land.

A new regulation on land use rights in central Quang Nam province taking effect from October 10 will prevent internal bidding, fake bidding, lack of competition, and distorting the bidding process.

Real estate in North Phu Quoc is becoming a “hotspot” attracting investors over the closing months of 2021. Phu Quoc is receiving more investment in infrastructure and traffic, and many tourism projects and amusement parks have been put into operation.

The demand for new land matching the criteria for resort developments has resulted in demand in the “landcation” (“land” and “vacation”) market increasing strongly, even during the pandemic. Land prices in famous coastal tourist destinations such as Vung Tau, Nha Trang, and Da Nang have peaked.

The Ba Ria-Vung Tau Provincial People’s Committee has decided to withdraw its approval for the construction of the Rach Ba Lake Park project.