Property

Real estate remains an attractive investment channel and is expected to further gain in appeal once the Ministry of Construction finishes a Decree on real estate and proposes amendments to the Law on Real Estate Business in order to lessen the difficulties in the sector.

Half of all real estate businesses and contractors affected by Covid-19 have been able to return to regular operations, while about 30 per cent of service businesses and real estate brokers have not been able to return to operations.

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.