Vietnam News - Real Estate News for Vietnam http://www.metvuong.com From en.metvuong.com en-us metvuong.com Vietnam News - Real Estate News for Vietnam http://www.metvuong.com/images/logovn.jpg http://www.metvuong.com Developers launch Ha Noi housing projects (2010-03-15) Real estate developers have launched a number of new projects signalling the return from a two-month hibernation of the city's real estate market. http://www.metvuong.com/thongtin/10613_Developers-launch-Ha-Noi-housing-projects.html http://www.metvuong.com/thongtin/10613_Developers-launch-Ha-Noi-housing-projects.html Management board reports on towing first Thu Thiem tunnel section (2010-03-15) The Management Board of the East-West Highway project met March 13 with the Ho Chi Minh City People’s Committee and Council to report on the March 8 towing and placement of the first section of the Thu Thiem Tunnel. http://www.metvuong.com/thongtin/10612_Management-board-reports-on-towing-first-Thu-Thiem-tunnel-section.html http://www.metvuong.com/thongtin/10612_Management-board-reports-on-towing-first-Thu-Thiem-tunnel-section.html Hanoi plans to build six new flyovers (2010-03-15) Ha Noi's People's Committee has approved in principle a plan to build six flyovers with total investment of VND33 trillion (US$1.7 billion) from 2010 to 2015 proposed by the city's Department of Transport. http://www.metvuong.com/thongtin/10611_Hanoi-plans-to-build-six-new-flyovers.html http://www.metvuong.com/thongtin/10611_Hanoi-plans-to-build-six-new-flyovers.html City residents lament ceaseless roadworks (2010-03-12) Ho Chi Minh City residents complain that despite the recent completion of several city road works there looks to be no end in sight to the disruptive projects in 2010. http://www.metvuong.com/thongtin/10591_City-residents-lament-ceaseless-roadworks.html http://www.metvuong.com/thongtin/10591_City-residents-lament-ceaseless-roadworks.html HCM City: Sluggish environmental project still delayed (2010-03-12) Instead of being completed in June 2010 the HCM City’s Nhieu Loc – Thi Nghe environmental hygiene project will be delayed until September 2011 because the Chinese contractor was rejected. http://www.metvuong.com/thongtin/10590_HCM-City-Sluggish-environmental-project-still-delayed.html http://www.metvuong.com/thongtin/10590_HCM-City-Sluggish-environmental-project-still-delayed.html Land heats up in Dong Nai cools down in HCM City (2010-03-12) The emerging property market in the southern province of Dong Nai is recording busy trade in the land plot segment during the first months of this year while the market in HCMC remains quiet. http://www.metvuong.com/thongtin/10589_Land-heats-up-in-Dong-Nai-cools-down-in-HCM-City.html http://www.metvuong.com/thongtin/10589_Land-heats-up-in-Dong-Nai-cools-down-in-HCM-City.html Gov’t revokes 266000 sqm of public land (2010-03-12) The Ministry of Finance has revoked more than 266000 square meters of public land from State-owned corporations and groups in Hanoi and HCM City since last September to reorganize public assets. http://www.metvuong.com/thongtin/10588_Gov’t-revokes-266000-sqm-of-public-land.html http://www.metvuong.com/thongtin/10588_Gov’t-revokes-266000-sqm-of-public-land.html Central Vietnam set for revival of resort boom (2010-03-12) It will be an exciting year for resort development in the central coastal region with 700 rooms being added real-estate consultant CB Richard Ellis has said in a report. http://www.metvuong.com/thongtin/10587_Central-Vietnam-set-for-revival-of-resort-boom.html http://www.metvuong.com/thongtin/10587_Central-Vietnam-set-for-revival-of-resort-boom.html Can Tho bridge to be inaugurated on April 21 (2010-03-10) The Prime Minister has agreed that the Can Tho bridge will be inaugurated on April 21 this year. http://www.metvuong.com/thongtin/10559_Can-Tho-bridge-to-be-inaugurated-on-April-21.html http://www.metvuong.com/thongtin/10559_Can-Tho-bridge-to-be-inaugurated-on-April-21.html Most overseas Vietnamese wish to own homes in VN: survey (2010-03-10) The survey was carried out during a gathering held in Ho Chi Minh City by the association and Novaland for nearly 400 overseas Vietnamese who had returned to Vietnam for Tet (Lunar New Year) celebrations last month. http://www.metvuong.com/thongtin/10558_Most-overseas-Vietnamese-wish-to-own-homes-in-VN-survey.html http://www.metvuong.com/thongtin/10558_Most-overseas-Vietnamese-wish-to-own-homes-in-VN-survey.html Economic hub’s real estate market ready to hit top gear (2010-03-10) The real estate market in Vietnam’s largest city is looking to perform better in this year’s second quarter. “Vietnam’s real estate market is expected to bounce back in 2010 after the global financial crisis. However clear recovery will begin only from the second quarter in Ho Chi Minh City” said Luong Tri Thin chairman of Dat Xanh Real Estate Construction and Services Joint Stock Company. http://www.metvuong.com/thongtin/10557_Economic-hub’s-real-estate-market-ready-to-hit-top-gear.html http://www.metvuong.com/thongtin/10557_Economic-hub’s-real-estate-market-ready-to-hit-top-gear.html First Thu Thiem tunnel section to be towed tomorrow (2010-03-09) A rehearsal of the first section of the Thu Thiem Tunnel being towed from Dong Nai Province to Ho Chi Minh City will be carried out today said the East-West Highway and Water Environment Project Management Board. http://www.metvuong.com/thongtin/10535_First-Thu-Thiem-tunnel-section-to-be-towed-tomorrow.html http://www.metvuong.com/thongtin/10535_First-Thu-Thiem-tunnel-section-to-be-towed-tomorrow.html Demand for cheaper housing set to drive real estate market (2010-03-09) The low-income houses sector is expected to boom this year driving the recovery of the real estate market experts have said. http://www.metvuong.com/thongtin/10534_Demand-for-cheaper-housing-set-to-drive-real-estate-market.html http://www.metvuong.com/thongtin/10534_Demand-for-cheaper-housing-set-to-drive-real-estate-market.html HCM City attracts over US$330 million in foreign investment (2010-03-09) In the past two months Ho Chi Minh City has granted licences to 29 foreign investment projects (FDI) worth US$333.4 million and five other projects to expand operation a four-fold year-on-year increase. http://www.metvuong.com/thongtin/10533_HCM-City-attracts-over-US330-million-in-foreign-investment.html http://www.metvuong.com/thongtin/10533_HCM-City-attracts-over-US330-million-in-foreign-investment.html Door opens to new second home frontiers (2010-03-08) Real estate developers are moving beyond beach resorts to build second homes in mountainous and suburban areas. http://www.metvuong.com/thongtin/10520_Door-opens-to-new-second-home-frontiers.html http://www.metvuong.com/thongtin/10520_Door-opens-to-new-second-home-frontiers.html Hoan Kiem Lake to host new building (2010-03-08) Hanoi authorities have approved the construction of a new complex of commercial centers hotels and offices covering nearly one hectare near the Hoan Kiem (Sword) Lake the city’s symbol. http://www.metvuong.com/thongtin/10519_Hoan-Kiem-Lake-to-host-new-building.html http://www.metvuong.com/thongtin/10519_Hoan-Kiem-Lake-to-host-new-building.html Construction progress investment quality needs boost: PM (2010-03-08) Prime Minister Nguyen Tan Dung has directed all official agencies to expedite progress on construction projects and improve the efficiency of investment capital use. http://www.metvuong.com/thongtin/10518_Construction-progress-investment-quality-needs-boost-PM.html http://www.metvuong.com/thongtin/10518_Construction-progress-investment-quality-needs-boost-PM.html Ha Noi urban planning falls short (2010-03-08) Many new urban areas in the capital have been found to lack schools and other necessary public works in a recent inspection carried out by the municipal People's Committee. In addition many initial plans had been adjusted after receiving planning permission the inspection report said. http://www.metvuong.com/thongtin/10517_Ha-Noi-urban-planning-falls-short.html http://www.metvuong.com/thongtin/10517_Ha-Noi-urban-planning-falls-short.html Residental law eases eligibility process (2010-03-03) Decree 107 set new conditions for those wishing to apply for residential status. Phap Luat (Law) newspaper spoke with Nguyen Van Dung from the Administrative Management of Social Orders about the matter http://www.metvuong.com/thongtin/10478_Residental-law-eases-eligibility-process.html http://www.metvuong.com/thongtin/10478_Residental-law-eases-eligibility-process.html New ways needed to thaw frozen property market (2010-03-03) Experts and investors said the real estate market has frozen and a new approach is needed to undo the damage done by the economic slowdown. http://www.metvuong.com/thongtin/10477_New-ways-needed-to-thaw-frozen-property-market.html http://www.metvuong.com/thongtin/10477_New-ways-needed-to-thaw-frozen-property-market.html Survey underway for new Mekong Delta expressway to HCMC (2010-03-02) A survey has been started for a new expressway to connect the Mekong Delta province of Long An and Ho Chi Minh City’s Tan Son Nhat airport Long An’s transport department’s director Luu Dinh Khan said March 1. http://www.metvuong.com/thongtin/10458_Survey-underway-for-new-Mekong-Delta-expressway-to-HCMC.html http://www.metvuong.com/thongtin/10458_Survey-underway-for-new-Mekong-Delta-expressway-to-HCMC.html $1.68 billion to build six overpasses (2010-03-02) The Hanoi Transportation Department has proposed to build six overhead roads from 2010 to 2015 at a cost of over 32 trillion dong (over $1.68 billion) to curb traffic jams in the capital city. http://www.metvuong.com/thongtin/10457_168-billion-to-build-six-overpasses.html http://www.metvuong.com/thongtin/10457_168-billion-to-build-six-overpasses.html Ministry to cut red tape for construction projects (2010-03-02) Fees paid by developers constructing new residential buildings will be scrapped and developers will have more time before they must begin construction work after project approval under a proposal from the Ministry of Construction. http://www.metvuong.com/thongtin/10456_Ministry-to-cut-red-tape-for-construction-projects.html http://www.metvuong.com/thongtin/10456_Ministry-to-cut-red-tape-for-construction-projects.html Tentative signs of Vietnam real estate recovery as developers seek to tempt back foreign investors (2010-03-01) After a bleak past two years during the global economic downturn the Vietnam real estate market needs foreign investment to recover it is claimed. http://www.metvuong.com/thongtin/10437_Tentative-signs-of-Vietnam-real-estate-recovery-as-developers-seek-to-tempt-back-foreign-investors.html http://www.metvuong.com/thongtin/10437_Tentative-signs-of-Vietnam-real-estate-recovery-as-developers-seek-to-tempt-back-foreign-investors.html Ha Noi drafts regulations to preserve prized French villas (2010-03-01) The Ha Noi Construction Department is preparing draft regulations for the management and use of the city's prized State-owned French-style villas for the People's Committee's eventual approval. http://www.metvuong.com/thongtin/10436_Ha-Noi-drafts-regulations-to-preserve-prized-French-villas.html http://www.metvuong.com/thongtin/10436_Ha-Noi-drafts-regulations-to-preserve-prized-French-villas.html 88 new FDI projects licensed in two months (2010-03-01) The Foreign Investment Agency said 88 new foreign direct investment (FDI) projects were licensed in the first two months of 2010 with a total in registered capital of US$1.6 billion equivalent to only 59.8 percent of last February’s figure. http://www.metvuong.com/thongtin/10435_88-new-FDI-projects-licensed-in-two-months.html http://www.metvuong.com/thongtin/10435_88-new-FDI-projects-licensed-in-two-months.html Hanoi sees elevated roads as traffic jam solution (2010-03-01) Hanoi plans to spend VND32 trillion (US1.68 billion) to build six elevated roads to reduce traffic gridlocks in the capital city according to local online news service VnExpress. http://www.metvuong.com/thongtin/10434_Hanoi-sees-elevated-roads-as-traffic-jam-solution.html http://www.metvuong.com/thongtin/10434_Hanoi-sees-elevated-roads-as-traffic-jam-solution.html HCMC office rents plunged 53 per cent last year: report (2010-03-01) The cost of leasing offices in Ho Chi Minh City dropped 53 per cent last year as the global slump forced companies to shelve expansion plans according to real estate broker Cushman Wakefield Inc. http://www.metvuong.com/thongtin/10433_HCMC-office-rents-plunged-53-per-cent-last-year-report.html http://www.metvuong.com/thongtin/10433_HCMC-office-rents-plunged-53-per-cent-last-year-report.html Korean firm to build $100 million tower in Hanoi (2010-03-01) South Korea’s Kumho Industrial Co. Ltd Thursday signed a contract with Kinh Bac City Development Share Holding Corporation (KBC) to become the main contractor of a US$100 million office and commercial complex in Hanoi. http://www.metvuong.com/thongtin/10432_Korean-firm-to-build-100-million-tower-in-Hanoi.html http://www.metvuong.com/thongtin/10432_Korean-firm-to-build-100-million-tower-in-Hanoi.html The whispering campaign that uses super-stars to sell property (2010-02-26) Rumors about super-stars have been used by many Vietnamese real estate developers to entice buyers at a time when the real estate market is at a low. http://www.metvuong.com/thongtin/10406_The-whispering-campaign-that-uses-super-stars-to-sell-property.html http://www.metvuong.com/thongtin/10406_The-whispering-campaign-that-uses-super-stars-to-sell-property.html New legal frameworks boosts HCM City’s expansion plan (2010-02-25) A series of regulations on urban planning issued recently has created a good foundation for Ho Chi Minh City to develop its urban areas vigorously and sustainably in the future many experts told SGGP. http://www.metvuong.com/thongtin/10393_New-legal-frameworks-boosts-HCM-City’s-expansion-plan.html http://www.metvuong.com/thongtin/10393_New-legal-frameworks-boosts-HCM-City’s-expansion-plan.html Hanoi to obtain JICA funds for major infrastructure projects (2010-02-25) The capital city of Hanoi will gain funds next month from the Japan International Cooperation Agency (JICA) for several key infrastructure projects including a terminal at Noi Bai Airport and Noi Bai-Nhat Tan expressway. http://www.metvuong.com/thongtin/10392_Hanoi-to-obtain-JICA-funds-for-major-infrastructure-projects.html http://www.metvuong.com/thongtin/10392_Hanoi-to-obtain-JICA-funds-for-major-infrastructure-projects.html Apartment office crackdown (2010-02-25) The Ministry of Construction has announced that provincial People's Committees must submit a report detailing the misuse of apartment buildings in their localities no later than March 30. http://www.metvuong.com/thongtin/10391_Apartment-office-crackdown.html http://www.metvuong.com/thongtin/10391_Apartment-office-crackdown.html Foreign investors turn to small projects (2010-02-24) For over the past month foreign investment in Ho Chi Minh City has been poured mostly into small service projects according to investment experts. http://www.metvuong.com/thongtin/10371_Foreign-investors-turn-to-small-projects.html http://www.metvuong.com/thongtin/10371_Foreign-investors-turn-to-small-projects.html Developers rush to build Highlands resorts (2010-02-24) Foreign and domestic developers are rushing to build new tourism resorts in the Central Highland province of Lam Dong especially in Da Lat City after realising the huge potential of its tourism real-estate sector. http://www.metvuong.com/thongtin/10370_Developers-rush-to-build-Highlands-resorts.html http://www.metvuong.com/thongtin/10370_Developers-rush-to-build-Highlands-resorts.html Binh Duong attracts foreign investment (2010-02-22) The southern province of Binh Duong licensed six new foreign investment projects capitalised at US$116.5 million in January 2010. http://www.metvuong.com/thongtin/10331_Binh-Duong-attracts-foreign-investment.html http://www.metvuong.com/thongtin/10331_Binh-Duong-attracts-foreign-investment.html City department calls for strict control over State-owned land (2010-02-22) Leasing contracts for State-owned land should be terminated if lessees violate the Land Law and those who re-lease public land must pay the higher rents received to the State budget the Ho Chi Minh City Department of Natural Resources and Environment has proposed. http://www.metvuong.com/thongtin/10330_City-department-calls-for-strict-control-over-State-owned-land.html http://www.metvuong.com/thongtin/10330_City-department-calls-for-strict-control-over-State-owned-land.html JICA speeds up ODA projects in Vietnam (2010-02-22) A representative from the Japan International Co-operation Agency (JICA) has said his agency will accelerate the Japanese ODA-funded projects in Vietnam. http://www.metvuong.com/thongtin/10329_JICA-speeds-up-ODA-projects-in-Vietnam.html http://www.metvuong.com/thongtin/10329_JICA-speeds-up-ODA-projects-in-Vietnam.html Prime Minister asks for completion of Can Tho Bridge as scheduled (2010-02-22) Prime Minister Nguyen Tan Dung has asked officers and workers who are working at the construction site of Can Tho Bridge to ensure the progress of the work in order to complete the construction before March 30. http://www.metvuong.com/thongtin/10328_Prime-Minister-asks-for-completion-of-Can-Tho-Bridge-as-scheduled.html http://www.metvuong.com/thongtin/10328_Prime-Minister-asks-for-completion-of-Can-Tho-Bridge-as-scheduled.html Poor planning slows residential upgrades (2010-02-22) Urban areas throughout the nation now have more than 3 million square metres of residential buildings that are more than 18 years old a recent survey by the Department of Housing shows. http://www.metvuong.com/thongtin/10327_Poor-planning-slows-residential-upgrades.html http://www.metvuong.com/thongtin/10327_Poor-planning-slows-residential-upgrades.html "Strong market's response to serviced apartment" (2010-02-09) This is a judgment of Ms Tash Tobias Resident Manager InterContinental Asiana Saigon Residences at the signing ceremony of the 110th lease since its opening on September 9th 2009. http://www.metvuong.com/thongtin/10297_Strong-markets-response-to-serviced-apartment.html http://www.metvuong.com/thongtin/10297_Strong-markets-response-to-serviced-apartment.html Low-cost housing sector takes off (2010-02-09) HCM City’s Department of Construction said the property market saw a dramatic rise in the number of low-income housing projects built last year. http://www.metvuong.com/thongtin/10296_Low-cost-housing-sector-takes-off.html http://www.metvuong.com/thongtin/10296_Low-cost-housing-sector-takes-off.html Overseas Vietnamese surprised at high-priced HCM City land (2010-02-09) Many overseas Vietnamese want to buy a house in their hometown but the prices for land and housing in HCM City are higher than in Australia the US Canada or France. http://www.metvuong.com/thongtin/10295_Overseas-Vietnamese-surprised-at-high-priced-HCM-City-land.html http://www.metvuong.com/thongtin/10295_Overseas-Vietnamese-surprised-at-high-priced-HCM-City-land.html Low-income earners shun housing (2010-02-05) Authorities and construction companies have raised concerns that limited demand for low-income housing estates will lead to profiteering among speculators. http://www.metvuong.com/thongtin/10270_Low-income-earners-shun-housing.html http://www.metvuong.com/thongtin/10270_Low-income-earners-shun-housing.html GS EC seeks to transfer land use right (2010-02-05) GS Engineering Construction is seeking approval from authorities to transfer land use right of a 1.8-hectare plot in HCMC’s District 10 to a local firm to pool money for the Tan Son Nhat-Binh Loi-Outer Ring Road project. http://www.metvuong.com/thongtin/10269_GS-EC-seeks-to-transfer-land-use-right.html http://www.metvuong.com/thongtin/10269_GS-EC-seeks-to-transfer-land-use-right.html Hanoi property market changes as apartments are out and houses are in (2010-02-05) While apartments were the choice of many property buyers it appears tastes are changing and instead people are wanting street-fronted houses. http://www.metvuong.com/thongtin/10268_Hanoi-property-market-changes-as-apartments-are-out-and-houses-are-in.html http://www.metvuong.com/thongtin/10268_Hanoi-property-market-changes-as-apartments-are-out-and-houses-are-in.html Overseas Vietnamese remain wary of home purchases in their own names (2010-02-02) Hundreds of thousands of Viet Kieu (overseas Vietnamese) return to Vietnam in January or February each year to celebrate Tet in their former homeland. Typically that’s also a time for them to find and purchase houses in Vietnam. This year however reports Saigon tiep thi it seems that the number of Viet Kieu who plan to buy houses here is rather modest. http://www.metvuong.com/thongtin/10240_Overseas-Vietnamese-remain-wary-of-home-purchases-in-their-own-names.html http://www.metvuong.com/thongtin/10240_Overseas-Vietnamese-remain-wary-of-home-purchases-in-their-own-names.html New bridge open to traffic in HCM City (2010-02-01) Thu Thiem bridge spanning the Saigon River in Ho Chi Minh City was open to traffic on January 31 helping reduce load for Saigon bridge and shorten travel time from Thu Duc district to the downtown. http://www.metvuong.com/thongtin/10225_New-bridge-open-to-traffic-in-HCM-City.html http://www.metvuong.com/thongtin/10225_New-bridge-open-to-traffic-in-HCM-City.html Bank keeps real estate on ice (2010-02-01) The real estate market will remain stagnant if the State Bank maintains its tight monetary policy through the first half of this year experts warn. http://www.metvuong.com/thongtin/10224_Bank-keeps-real-estate-on-ice.html http://www.metvuong.com/thongtin/10224_Bank-keeps-real-estate-on-ice.html Construction of Nam Dinh – Phu Ly road starts (2010-02-01) The construction of the new Nam Dinh – Phu Ly road started on January 29 in Nam Dinh city with the Tasco Joint Stock Company as its investor. http://www.metvuong.com/thongtin/10223_Construction-of-Nam-Dinh-–-Phu-Ly-road-starts.html http://www.metvuong.com/thongtin/10223_Construction-of-Nam-Dinh-–-Phu-Ly-road-starts.html