Property

Central Quang Ngai province has not met its plan on collecting land use fees in recent years due to many factors but especially Covid-19. It aims to collect land use fees totaling more than VND3.3 trillion ($143.85 million) next year.

Real estate prices in Vietnam as well as the US, Hong Kong (China), South Korea, Switzerland, China, and elsewhere are increasing at an unprecedented rate in the face of inflationary pressure. Vietnam’s real estate market is also sensitive and volatile due to economic and infrastructure issues.

Hanoi is synchronously implementing the following types of planning: adjusting the master plan on construction in the city; completing coverage of subdivision planning; strengthening detailed planning and urban design; and completing and implementing planning for underground and overhead space.

Northern Thai Nguyen province targets becoming a modern industrial locality by 2030 and a socio-economic center and growth point that has spillover effects on the northern mountainous region. It is working to achieve an average housing area of 34.4 sq m per person by that time. Total land demand for housing development is 8,386 ha, with more than VND75.3 trillion ($3.2 billion) in capital required.

Ho Chi Minh City will review and approve a list of projects this month that need land to be recovered or change the land use purpose in 21 districts and Thu Duc City, including more than 900 ha of land for rice. Households and individuals in nine districts will be able to change the land use purpose to residential and commercial land.

The “Agriculture with high technology 3” project in Can Tho city, with total capital of more than VND3.583 billion ($157.04 million) from the T&T Group Joint Stock Company, has been revoked after the investor decided to terminate the project.