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 Hoang Anh Gia Lai withdraws from tourism (2010-09-07) Injecting money in tourism projects once played a very important role in Hoang Anh Gia Lai Group’s investment strategy. However the group has announced plans to withdraw its capital from tourism projects. http://www.metvuong.com/thongtin/12650_Hoang-Anh-Gia-Lai-withdraws-from-tourism.html http://www.metvuong.com/thongtin/12650_Hoang-Anh-Gia-Lai-withdraws-from-tourism.html Skyscraper height records broken regularly (2010-09-07) Skyscrapers appeared just a short time ago in Vietnam and many height records are rapidly being broken. http://www.metvuong.com/thongtin/12649_Skyscraper-height-records-broken-regularly.html http://www.metvuong.com/thongtin/12649_Skyscraper-height-records-broken-regularly.html HCM City needs East-West balance (2010-09-07) HCM City needs to create a master plan that balances real-estate growth in the eastern and western parts of the city according to Singaporean experts. http://www.metvuong.com/thongtin/12648_HCM-City-needs-East-West-balance.html http://www.metvuong.com/thongtin/12648_HCM-City-needs-East-West-balance.html Private investment helps boost relocation projects (2010-09-06) With the participation of private investors the relocation program for about 15000 households living on and near some canals in Ho Chi Minh City has begun showing some positive signs with many residents receiving new quality apartments a survey of SGGP has found. http://www.metvuong.com/thongtin/12630_Private-investment-helps-boost-relocation-projects.html http://www.metvuong.com/thongtin/12630_Private-investment-helps-boost-relocation-projects.html Ha Noi property market goes west (2010-09-06) Ha Noi’s western areas have great opportunities and resources for real estate development projects according to real estate experts. http://www.metvuong.com/thongtin/12629_Ha-Noi-property-market-goes-west.html http://www.metvuong.com/thongtin/12629_Ha-Noi-property-market-goes-west.html Businesses warned of low interest rate loans (2010-08-27) Sensational news has stirred up the domestic finance market as foreign credit organizations are offering to lend billions of dollars to Vietnamese enterprises at preferential interest rates. Businesses have been advised to wary of such the loans. http://www.metvuong.com/thongtin/12563_Businesses-warned-of-low-interest-rate-loans.html http://www.metvuong.com/thongtin/12563_Businesses-warned-of-low-interest-rate-loans.html Hanoians rushing to Da Nang to purchase high grade villas apartments (2010-08-27) Nearly 80 percent of the customers who buy high grade villas and apartments at real estate projects in the central city of Da Nang come from Hanoi according to Savills a real estate service provider. http://www.metvuong.com/thongtin/12562_Hanoians-rushing-to-Da-Nang-to-purchase-high-grade-villas-apartments.html http://www.metvuong.com/thongtin/12562_Hanoians-rushing-to-Da-Nang-to-purchase-high-grade-villas-apartments.html 43 streets and public places in Hanoi renamed (2010-08-27) The Hanoi municipal People’s Committee has issued a decision on naming and renaming a number of streets and public places in the capital city. http://www.metvuong.com/thongtin/12561_43-streets-and-public-places-in-Hanoi-renamed.html http://www.metvuong.com/thongtin/12561_43-streets-and-public-places-in-Hanoi-renamed.html At local level there’s no clarity for would-be Viet Kieu home buyers (2010-08-27) Revisions to the Housing Law allowing Viet Kieu (overseas Vietnamese) to buy houses freely in Vietnam are not yet in effect owing to tardy promulgation of implementing instructions. http://www.metvuong.com/thongtin/12560_At-local-level-there’s-no-clarity-for-would-be-Viet-Kieu-home-buyers.html http://www.metvuong.com/thongtin/12560_At-local-level-there’s-no-clarity-for-would-be-Viet-Kieu-home-buyers.html Government allocates extra US$11 mil to upgrade central railway (2010-08-25) The Government has decided to allocate an addition of VND200 billion (US$11 million) for a project to upgrade the North-South railway section through central region from Quang Binh to Khanh Hoa provinces. http://www.metvuong.com/thongtin/12533_Government-allocates-extra-US11-mil-to-upgrade-central-railway.html http://www.metvuong.com/thongtin/12533_Government-allocates-extra-US11-mil-to-upgrade-central-railway.html Foreign partners sought for Hue airport upgrade (2010-08-25) Vietnam is looking for partnerships with foreign investors to develop Phu Bai Airport in the central province of Thua Thien-Hue into an international one that can serve five million passengers in 2020. http://www.metvuong.com/thongtin/12532_Foreign-partners-sought-for-Hue-airport-upgrade.html http://www.metvuong.com/thongtin/12532_Foreign-partners-sought-for-Hue-airport-upgrade.html Vinaconex launches cheap housing project (2010-08-25) Vinaconex Xuan Mai Concrete and Construction Joint Stock Company last week began construction of low-income apartments in Ha Noi’s Ha Dong District. http://www.metvuong.com/thongtin/12531_Vinaconex-launches-cheap-housing-project.html http://www.metvuong.com/thongtin/12531_Vinaconex-launches-cheap-housing-project.html Developer signs multiple hotel management deals (2010-08-25) The Vietnamese-American Hotel and Resort (VAHR) Ltd. signed three management agreements yesterday August 24 with a major hotel operator for the The Ritz Carlton JW Marriott and Outrigger hotels all US-headquartered. http://www.metvuong.com/thongtin/12530_Developer-signs-multiple-hotel-management-deals.html http://www.metvuong.com/thongtin/12530_Developer-signs-multiple-hotel-management-deals.html Shopping malls set to brand HCM City suburbs (2010-08-24) It is expected that by 2013 HCM City will have 740000 square metres of shopping malls a two-fold increase from the current level. Real estate developers are rushing to build more and more shopping centres in the commercial hub. http://www.metvuong.com/thongtin/12517_Shopping-malls-set-to-brand-HCM-City-suburbs.html http://www.metvuong.com/thongtin/12517_Shopping-malls-set-to-brand-HCM-City-suburbs.html Foreign donors fund HCM City subway and tramcar projects (2010-08-24) HCM City will kick off the construction of its subway No.2 from Ben Thanh Market to An Suong coach station on August 24. http://www.metvuong.com/thongtin/12516_Foreign-donors-fund-HCM-City-subway-and-tramcar-projects.html http://www.metvuong.com/thongtin/12516_Foreign-donors-fund-HCM-City-subway-and-tramcar-projects.html Apartment buyers feel sick watching dollar rise (2010-08-24) The sharp dollar increase to 19500 dong has made apartment buyers suffer as the apartment are now much more expensive in dong. Real estate analysts note that the dollar price hike has made investment in apartments less attractive. http://www.metvuong.com/thongtin/12515_Apartment-buyers-feel-sick-watching-dollar-rise.html http://www.metvuong.com/thongtin/12515_Apartment-buyers-feel-sick-watching-dollar-rise.html Highrise building ban casts pall over apartment market (2010-08-24) Sales of older high-rise apartments remain sluggish in Ha Noi with buyers shopping carefully to avoid possible losses in the face of an outstanding Government decision issued in 2007 to require all older apartment blocks in the capital city to be rebuilt. http://www.metvuong.com/thongtin/12514_Highrise-building-ban-casts-pall-over-apartment-market.html http://www.metvuong.com/thongtin/12514_Highrise-building-ban-casts-pall-over-apartment-market.html Danang real estate market in the second quarter: Bright signs from Office for lease market (2010-08-23) Savills Vietnam has just announced the report on Danang real estate market in the second quarter with remarkable information about Office-for-lease Villa and Apartment-for-sale markets. http://www.metvuong.com/thongtin/12498_Danang-real-estate-market-in-the-second-quarter-Bright-signs-from-Office-for-lease-market.html http://www.metvuong.com/thongtin/12498_Danang-real-estate-market-in-the-second-quarter-Bright-signs-from-Office-for-lease-market.html Real estate trading inspections begin (2010-08-23) A delegation led by officials from the ministries of Public Security and Construction has started to inspect the operation of real-estate transaction floors in Ha Noi and HCM City. http://www.metvuong.com/thongtin/12497_Real-estate-trading-inspections-begin.html http://www.metvuong.com/thongtin/12497_Real-estate-trading-inspections-begin.html “Green” real estate becomes fashionable in HCM City (2010-08-18) Houses overlooking scenic views enclosed by rivers ponds and green trees far from the noise of modern life. Homes like these have become popular products on the real estate market with million dollar prices. http://www.metvuong.com/thongtin/12439_Green-real-estate-becomes-fashionable-in-HCM-City.html http://www.metvuong.com/thongtin/12439_Green-real-estate-becomes-fashionable-in-HCM-City.html East – West Avenue and Cat Lai T-junction put into use (2010-08-17) The East – West Avenue and Cat Lai T-junction were put into use on August 15 to reduce east - west travel time in Ho Chi Minh City. http://www.metvuong.com/thongtin/12418_East-–-West-Avenue-and-Cat-Lai-T-junction-put-into-use.html http://www.metvuong.com/thongtin/12418_East-–-West-Avenue-and-Cat-Lai-T-junction-put-into-use.html Luxury housing market awaits thaw (2010-08-17) The luxury apartment market that has had a long stint as a key segment for property investors in HCM City has all but frozen. http://www.metvuong.com/thongtin/12417_Luxury-housing-market-awaits-thaw.html http://www.metvuong.com/thongtin/12417_Luxury-housing-market-awaits-thaw.html Delayed projects may lose licences (2010-08-16) Construction projects that are delayed behind schedule or managed improperly will have their licences revoked by the HCM City Export Processing and Industrial Zones Authority (HEPZA). http://www.metvuong.com/thongtin/12401_Delayed-projects-may-lose-licences.html http://www.metvuong.com/thongtin/12401_Delayed-projects-may-lose-licences.html Cooling market impacts property companies (2010-08-16) The first-half report cards of property companies make for sorry reading as the commercial real-estate market hit hard in the last two years by the recession remained depressed. http://www.metvuong.com/thongtin/12400_Cooling-market-impacts-property-companies.html http://www.metvuong.com/thongtin/12400_Cooling-market-impacts-property-companies.html Real estate credit growing slowly (2010-08-13) Contrary to warnings about a “real estate bubble” that market experts forecast for the time when banks injected more and more money in real estate real estate credit has been growing very slowly. http://www.metvuong.com/thongtin/12374_Real-estate-credit-growing-slowly.html http://www.metvuong.com/thongtin/12374_Real-estate-credit-growing-slowly.html Southern real-estate firms see Hanoi as land of opportunity (2010-08-13) Highly professional southern real estate firms are heading north attracted by the residential property market in Hanoi where demand exceeded supply said Nguyen Tran Nam Deputy Minister of Construction. http://www.metvuong.com/thongtin/12373_Southern-real-estate-firms-see-Hanoi-as-land-of-opportunity.html http://www.metvuong.com/thongtin/12373_Southern-real-estate-firms-see-Hanoi-as-land-of-opportunity.html Press Release: Australian International School announce location of Kindergarten at Xi Riverview Palace (2010-08-13) Australian International School (AIS) have announced that they have signed an MOU to lease a facility within Xi Riverview Palace Korean developer GS EC’s luxury condominium project in the up market Thao Dien area of District 2. AIS will lease a Kindergarten component of the complex in addition to their existing Kindergarten Elementary and High School campuses in Ho Chi Minh City’s District 2 3 areas. http://www.metvuong.com/thongtin/12370_Press-Release-Australian-International-School-announce-location--of-Kindergarten-at-Xi-Riverview-Palace.html http://www.metvuong.com/thongtin/12370_Press-Release-Australian-International-School-announce-location--of-Kindergarten-at-Xi-Riverview-Palace.html Press Release: Seoul Living in Ho Chi Minh City (2010-08-13) Korean developer GS launches 5star luxury condominium project Xi Riverview Palace http://www.metvuong.com/thongtin/12369_Press-Release-Seoul-Living-in-Ho-Chi-Minh-City.html http://www.metvuong.com/thongtin/12369_Press-Release-Seoul-Living-in-Ho-Chi-Minh-City.html Star power in advertising: models sell real estate (2010-08-11) More and more producers and distributors believe that beautiful women will help them sell products more easily. That is why sales programs now feature attractive women. http://www.metvuong.com/thongtin/12338_Star-power-in-advertising-models-sell-real-estate.html http://www.metvuong.com/thongtin/12338_Star-power-in-advertising-models-sell-real-estate.html Vietnam still does not have standards to classify office buildings (2010-08-11) What standards do people use when they refer to office towers in Vietnam as A B or C-class buildings? There are still no such standards in Vietnam. http://www.metvuong.com/thongtin/12337_Vietnam-still-does-not-have-standards-to-classify-office-buildings.html http://www.metvuong.com/thongtin/12337_Vietnam-still-does-not-have-standards-to-classify-office-buildings.html Luxury villa market remains lacklustre (2010-08-09) The villa and townhouse market in Ha Noi has stagnated over the last two months industry insiders said this week. http://www.metvuong.com/thongtin/12301_Luxury-villa-market-remains-lacklustre.html http://www.metvuong.com/thongtin/12301_Luxury-villa-market-remains-lacklustre.html Cement producers bemoan slow sales (2010-08-09) With many high capacity cement plants the cement supply in Vietnam has far exceeded the domestic demand. Cement producers have tried to boost exports to ease overproduction but this is not an easy task. http://www.metvuong.com/thongtin/12300_Cement-producers-bemoan-slow-sales.html http://www.metvuong.com/thongtin/12300_Cement-producers-bemoan-slow-sales.html HCM City breaks ground for first underground parking lot (2010-08-09) Investment Development for Underground Space Corp (IUS) a domestic joint stock company broke ground on a parking garage under Le Van Tam Park in District 1 Ho Chi Minh City. http://www.metvuong.com/thongtin/12299_HCM-City-breaks-ground-for-first-underground-parking-lot.html http://www.metvuong.com/thongtin/12299_HCM-City-breaks-ground-for-first-underground-parking-lot.html HCM City to connect Thu Thien tunnel’s fourth section this month (2010-08-09) The Ho Chi Minh East-West Highway and Water Environment Project Management Board and contractor Obayashi poured the first batch of concrete August 4 to connect the fourth section of the of Thu Thiem Tunnel to the first installed-section. http://www.metvuong.com/thongtin/12298_HCM-City-to-connect-Thu-Thien-tunnel’s-fourth-section-this-month.html http://www.metvuong.com/thongtin/12298_HCM-City-to-connect-Thu-Thien-tunnel’s-fourth-section-this-month.html Funds for student dormitories to be paid in advance (2010-08-05) The Government will provide money in advance for the building of student accommodation approved for 2010-11. http://www.metvuong.com/thongtin/12254_Funds-for-student-dormitories-to-be-paid-in-advance.html http://www.metvuong.com/thongtin/12254_Funds-for-student-dormitories-to-be-paid-in-advance.html Structural framework of Vietnam’s tallest residential building completed (2010-08-04) A ceremony was held on July 31 in Hanoi to mark the completion of the roof of the two tallest residential buildings (48 storeys 211 metres) of the Keangnam Hanoi Landmark Tower complex. http://www.metvuong.com/thongtin/12234_Structural-framework-of-Vietnam’s-tallest-residential-building-completed.html http://www.metvuong.com/thongtin/12234_Structural-framework-of-Vietnam’s-tallest-residential-building-completed.html New fees for land certificates (2010-08-04) A decree stipulating new certificate fees for residential land-use rights house ownership and others assets related to land has been announced by the Ministry of Finance. http://www.metvuong.com/thongtin/12233_New-fees-for-land-certificates.html http://www.metvuong.com/thongtin/12233_New-fees-for-land-certificates.html Registered FDI capital big but implemented capital small (2010-08-04) The southern city of Vung Tau is considered as the location with the highest number of “pending investments” or projects that have been registered but have not been implemented. To date the city has attracted 94 foreign direct investment (FDI) projects but implemented capital has just accounted for three percent of the registered capital. http://www.metvuong.com/thongtin/12232_Registered-FDI-capital-big-but-implemented-capital-small.html http://www.metvuong.com/thongtin/12232_Registered-FDI-capital-big-but-implemented-capital-small.html Hanoi housing lags behind population push (2010-08-04) Population growth under the capital city expansion plan has put increasing pressure on housing supplies in Hanoi. http://www.metvuong.com/thongtin/12231_Hanoi-housing-lags-behind-population-push.html http://www.metvuong.com/thongtin/12231_Hanoi-housing-lags-behind-population-push.html Property market hot in northern Hanoi (2010-08-04) While land prices in areas considered the “hottest” in Hanoi have declined prices of land in “newly emerging” areas like Me Linh and Dong Anh have been climbing. http://www.metvuong.com/thongtin/12230_Property-market-hot-in-northern-Hanoi.html http://www.metvuong.com/thongtin/12230_Property-market-hot-in-northern-Hanoi.html No vacancies at HCM City shopping malls (2010-08-04) A lot of shopping malls have been inaugurated in HCM City but it is not easy to find a retail space. Even when someone can find a location it will not be easy to do business there. http://www.metvuong.com/thongtin/12229_No-vacancies-at-HCM-City-shopping-malls.html http://www.metvuong.com/thongtin/12229_No-vacancies-at-HCM-City-shopping-malls.html More than a few industrial zones stand empty (2010-08-04) Industrial zones (IZ) symbolize the modernization and industrialization process in Vietnam. Many are succesful filled with companies churning out export goods. However many others have failed to attract investors. http://www.metvuong.com/thongtin/12228_More-than-a-few-industrial-zones-stand-empty.html http://www.metvuong.com/thongtin/12228_More-than-a-few-industrial-zones-stand-empty.html Developers shifting focus to low-end housing (2010-07-30) The Vietnamese market can offer new developments and unique products in the property sector because it is yet to mature fully a regional expert says. http://www.metvuong.com/thongtin/12181_Developers-shifting-focus-to-low-end-housing.html http://www.metvuong.com/thongtin/12181_Developers-shifting-focus-to-low-end-housing.html $4.5 billion steel investment sparks MOIT-VSA debate (2010-07-30) The Ministry of Industry and Trade (MOIT) has allowed investors to increase the investment capital of Guang Lian Dung Quat steel project to $4.5 billion thus raising the capacity to seven million tons per annum. The Vietnam Steel Association (VSA) has expressed its concern about the feasibility of the project. http://www.metvuong.com/thongtin/12180_45-billion-steel-investment-sparks-MOIT-VSA-debate.html http://www.metvuong.com/thongtin/12180_45-billion-steel-investment-sparks-MOIT-VSA-debate.html Local property market ready for fresh impetus (2010-07-30) Developers have been paying more attention to building affordable housing of late because of difficulties in the luxury segment says an industry official. http://www.metvuong.com/thongtin/12179_Local-property-market-ready-for-fresh-impetus.html http://www.metvuong.com/thongtin/12179_Local-property-market-ready-for-fresh-impetus.html Investors target theme parks (2010-07-30) Viet Nam is an attractive destination for investors involved in the entertainment business Steven Ryan executive producer of KB Creative Advisors has said. http://www.metvuong.com/thongtin/12178_Investors-target-theme-parks.html http://www.metvuong.com/thongtin/12178_Investors-target-theme-parks.html Official supports construction of small apartments (2010-07-30) Developers should be allowed to build small apartments to meet high local housing demands Deputy Construction Minister Nguyen Tran Nam said. http://www.metvuong.com/thongtin/12177_Official-supports-construction-of-small-apartments.html http://www.metvuong.com/thongtin/12177_Official-supports-construction-of-small-apartments.html Foreign retail invasion yet to happen (2010-07-30) The local retail industry is still in the hands of local companies as large multinational retailers have yet to make their mark since the market opened in 2009 according to experts. http://www.metvuong.com/thongtin/12176_Foreign-retail-invasion-yet-to-happen.html http://www.metvuong.com/thongtin/12176_Foreign-retail-invasion-yet-to-happen.html Property market fails to return to 2006-07 boom (2010-07-27) The real estate market in HCM City this year has yet to match the level recorded in 2006 and 2007 as financing is less plentiful and supply and demand remain unstable. http://www.metvuong.com/thongtin/12115_Property-market-fails-to-return-to-2006-07-boom.html http://www.metvuong.com/thongtin/12115_Property-market-fails-to-return-to-2006-07-boom.html Land price survey to form reference (2010-07-27) The Ha Noi People’s Committee has ordered the city’s Department of Natural Resources and Environment to conduct a survey of land prices in the city based on real estate transactions this year. http://www.metvuong.com/thongtin/12114_Land-price-survey-to-form-reference.html http://www.metvuong.com/thongtin/12114_Land-price-survey-to-form-reference.html