Property

The total urban land area has increased by an average of 38,500 hectares each year over the last decade; faster than requirements for economic development. The proportion of land for infrastructure is still low, at about 31.14 per cent.

According to a forecast from Savills, investors are actively looking to sell and re-lease industrial property as the industrial wave continues in Vietnam. It is likely that foreign companies and even domestic ones will start to look at this type of transaction, though no announcements have been made of late.

To be the focus of highway development in the central highlands under government planning, Dak Lak province is to complete key highways and internal and external traffic networks to meet travel demand and facilitate regional links to promote its economic development.

Nearly 38 ha of agricultural land in Can Giuoc district in the Mekong Delta’s Long An province has been converted into non-agricultural land for the Long Phung industrial cluster project. The province has converted more than 211 ha of agricultural land into non-agricultural land since the beginning of this year.

The Hai Duong Provincial People’s Committee has approved planning for an urban area in a resort, eco-tourism, sports, and entertainment project at Ben Tam Lake, on 502.63 ha. Located in Chi Linh city, the area’s advantages include streams and lakes combined with hills and mountains, charming scenery, a full range of utilities, and social infrastructure.

In order to improve the efficiency of State management and promote land resources, the Ministry of Natural Resources and Environment (MoNRE) has said that it is necessary to strengthen the formulation and implementation of master plans and land use plans towards ensuring stability and synchronicity and balancing “static” and “dynamic” planning. State budget revenue from land resources has increased significantly over recent years, contributing 12-15 per cent of the annual total.