Better infrastructure and revitalized urban areas are tipped to drive growth in housing demand in Vietnam’s major cities, especially where public transport offers convenience.
According to current regulations, foreign organizations and individuals are allowed to own up to 30 percent of the apartments in a condominium building. For individual houses, foreigners can own no more than 250 units in an area with a population equivalent to a ward.
Its land use targets for 2030 indicate that the central province's planning will allocate more land for urban areas, industrial zones, commerce, services, and public works.
A number of amendments are contained within the draft revised Law on Housing, including rules on homeownership by foreign organizations and individuals.
Under the development strategy, Phu Quoc island is envisioned as an internationally competitive center for marine eco-tourism and services, supported by trade, logistics, and marine economic industries.
VARS recommends that the compensation rate for land should not be less than 100% of the land price determined according to the land price table and the K coefficient at the time of approving the compensation, support, and resettlement plan.
The policy applies to three groups of enterprises: high-tech enterprises in the private economic sector; small and medium-sized enterprises as defined by law; and innovative startups recognized according to regulations.