Property

Under Official Dispatches issued by the Prime Minister on March 10, the Mekong Delta’s Can Tho city and the two northern provinces of Hoa Binh and Hung Yen will convert the use of nearly 134 ha of rice land to non-agricultural land for the implementation of different projects. Can Tho is to implement a residential area project, Hoa Binh a new urban area project, and Hung Yen an industrial cluster project.

Over recent years, land resources have not been fully utilized to become an important internal force for socio-economic development, and the real estate market has not developed sustainably. These inefficiencies stem from inadequacies in the legal framework relating to real estate. There are still no synchronous mechanisms and solutions to regulate the market.

Demand for social housing in southern Dong Nai province is expected to increase in the time to come. As many new industrial parks come into operation, the province’s workforce may increase by 450,000 workers. According to a plan on social housing in the 2021-2030 period, Dong Nai will set aside more than 920 ha of land for the task.

Urban planning and construction planning in Hanoi for the 2021-2025 period has been approved by the Chairman of the People’s Committee Chu Ngoc Anh. There are 236 projects and groups of projects, including one general urban planning project, four urban sub-division planning projects, 146 detailed urban planning projects and urban area groups, 34 separate urban design projects, and 14 district construction planning projects.

Possessing a strategic socio-economic position, the Van Don Economic Zone has been selected by the Prime Minister as one of eight coastal economic zones to be a focus of development investment from the State budget. It is expected that Van Don will attract about 13 additional projects this year with total capital of nearly VND127 trillion ($5.5 billion).

Ho Chi Minh City will announce 55 projects in Hoc Mon and Cu Chi districts calling for total investment capital of VND285 trillion ($12.5 billion) at the Investment Promotion Conference in the city, to be held shortly and chaired by State President Nguyen Xuan Phuc.