Property

Deputy Prime Minister Le Van Thanh has approved the addition of the Tran Yen Industrial Park in northern Yen Bai province to Vietnam’s development planning for industrial parks. On an area of 339 ha, Tran Yen will focus on attracting investment with modern, environmentally-friendly technologies and using less land and fewer energy resources.

The Quang Ninh Property Auction Service Center in northern Quang Ninh province has announced an auction on February 18 on the right to use 55 plots of land with a total area of nearly 9,000 sq m.

The Ministry of Construction (MoC) will submit to the government an amendment to a Decree on the construction, management, and use of information systems on the housing and real estate market. The notable point of the amendment is that the information system will have information on project planning and eligible projects for sale, and create favorable conditions for people to access accurate information and avoid being drawn into a “virtual land fever”.

Industrial parks in cities and provinces around Vietnam have great demand for worker housing. Incentive mechanisms for social housing are adequate but the problem is that procedures are cumbersome and troublesome. It is therefore necessary to adopt breakthrough policies and separate processes for social housing projects.

Old apartments in Hanoi are attracting a lot of attention these days from buyers on social networks as well as real estate websites. According to many analysts, one reason these old apartments are being bought again is because some people have a lot of excess capital and view them as investments.

The NovaGroup’s Mekong Smart City project will include eleven component projects on more than 10,000 ha, with investment in the first phase of over $2 billion. The project is expected to become an attractive tourist destination in the Mekong sub-region, and promote socio-economic development in the Mekong Delta, gradually creating model urban areas in Vietnam.